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By Jason Stipp and Jeremy Glaser | 07-20-2012 08:00 AM

Saying Uncle?

How Nokia, B of A, Yahoo, and others are tacking in a tough environment for their businesses.

Jason Stipp: I'm Jason Stipp for Morningstar and welcome to The Friday Five.

As some business and economic pressures intensify, we're seeing who is saying Uncle in the market. Here with me to offer the rundown is Morningstar markets editor Jeremy Glaser.

Jeremy, thanks for being here.

Jeremy Glaser: Jason, glad to be here.

Stipp: So what do you have for The Friday Five this week?

Glaser: Well, we're going to talk about Nokia, Walgreen, Bank of America, Yahoo, and finally Coca-Cola.

Stipp: Nokia has certainly lost a lot of ground to their competitors in the handset space. Are they throwing in the towel yet or have they found a new way forward here?

Glaser: They are definitely not throwing in the towel yet. Results this week, as our analyst put it, show that Nokia is not in a death spiral.

Their CEO, Stephen Elop, had said earlier that Nokia was really like a burning platform, and that the company had to jump off into the abyss, jump into sea, in order to really save the company.

And they have done that and they are starting to really make that transition. They are going from producing their own software to using Microsoft Windows phone software on their new line of smartphones. They are putting a lot of marketing dollars behind it, trying to get consumers really excited about it.

And the results this quarter [show] people aren't outrageously excited about these Windows phones yet, but I think as the software gets better, as people continue to play with these phones, they see the phones, it is the solid product, and it probably is one that could capture really a niche part of the market [among] people who aren't interested in Android, who aren't interested in iPhone, who want that other option, and they are there. And the carriers want to have a third option. They want to make sure that they are not too beholden to either Google or Apple or whoever it might be.

So I don't think Nokia will ever be able to return to the enormous prominence that they once had in the industry, but if they can continue to execute this plan, if they can continue to keep their costs under control, certainly you can see a path forward for them.

Stipp: We got some news this week about a tense relationship between Walgreen and pharmacy benefit manager Express Scripts. Did somebody blink here first? What's the story?

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