Nokia 5110, 1998

Nokia: The giant with its fingers crossed

Finnish firm Nokia still sells more phones than anyone – but after being outwitted by Apple and co, the firm's future rests on the success of a new model.

Business Diary: From MySpace to NewSpace

The man who spent nine months trying to revive MySpace has admitted what many may have told him at the start: he shouldn't have bothered. In a long mea culpa, the site's ex-chief executive Michael Jones tells CNNMoney the brand was already trashed in the eyes of consumers. "We could not escape their images of animated GIFs," he says. "In the digital world, new brands are easier to create than fixing historically large brands." Which is handy – since he has just reinvented himself as an adviser to new internet brands.

David Prosser: Nokia's boss certainly talks the talk, but will we ever see some walk?

Outlook Nokia's boss, Stephen Elop, has an irritating addiction to corporate jargon: the man who famously began his tenure at the company with a memo to all staff warning them about the "burning platform" on which they were standing has continued in that vein ever since. Yesterday, he was talking about the need to "align our workforce and operations with our path forward" – make jobs cuts, in other words.

Another 3,500 jobs go as Nokia seeks €1bn cuts

Nokia's latest attempt to douse the flames threatening to engulf it will see a further 3,500 jobs axed this year, with the threat of more in 2012. It has also closed one factory and put a further three under review.

The Business On... John Conoley, Chief executive, Psion

Goodness, is that still going?

RIM set to axe 2,000 jobs and review management

The beleaguered smartphone giant Research in Motion is to slash its workforce by over 10 per cent as it kicks off a company-wide cost-cutting drive.

Nokia falls to a loss as Apple claims lead in smartphones

Nokia slipped into the red over the second quarter as it lost ground to Apple, the Californian group which became the world's biggest smartphone producer by volume in the three months to June.

David Prosser: Another distracting sideshow at Nokia

Outlook It just might be worth investing in a Nokia N9, the new smartphone launched yesterday by the Finnish mobile phone company – but not because it is a credible rival to Apple's iPhone, which is what its engineers had originally hoped. No, the allure of the N9 is its rarity value – it is both the first phone launched with Nokia's new operating system, MeeGo, and the last, since new boss Stephen Elop has cancelled the roll-out of this technology in favour of an alliance with Microsoft.

Nokia launches N9 smartphone

Nokia yesterday mounted its latest assault on the smartphone market with the launch of the N9 handset.

Apple settles in Nokia patent row

Beleaguered mobile phone group Nokia had cause for celebration yesterday after it triumphed in a patent dispute with Apple.

David Prosser: Apple deal underlines Nokia's problems

Outlook Neither side is saying how much money will change hands, but the fact Apple has agreed to pay Nokia royalties on sales of its products in the future is a rare bit of good news for the Finnish company. The deal settles the bitter patent dispute between the two companies in Nokia's favour and some analysts think it could be worth upwards of £100m a year.

Nokia CTO takes leave of absence

The beleaguered mobile phone group Nokia has been hit by more bad news after its chief technology officer, Rich Green, went on a leave of absence believed to have been triggered by a dispute over strategy.

Market Report: GSK slides on fears over prospects for lung drug

With the blue-chip index enduring its second major sell-off in a row, GlaxoSmithKline was left deep in the red as questions were raised over the chances of its major new lung drug gaining approval.

Nokia scorched as sales slump in second quarter

The flames are licking higher around Nokia after the struggling mobile phone giant was forced to warn on profits yesterday, blaming falling phone sales and lower prices.

Nokia struggles to beat off the competition

Mobile phone giant Nokia was under further pressure today as it revealed it was struggling to beat off competition from rivals like iPhone producer Apple.

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US immigration: President Obama ready to press ahead with long-promised plan to overhaul 'broken system' - but will it get past a Republican-controlled Congress?

Immigration: Obama's final frontier

The President is ready to press ahead with the long-promised plan to overhaul America's 'broken system' - but will it get past a Republican-controlled Congress?
Bill Cosby rape allegations explained: Why are these allegations coming out now? Why didn’t these women come forward earlier? And why has nobody taken legal action?

Bill Cosby rape allegations explained

Why are these allegations coming out now? Why has nobody taken legal action? And what happens next for the man once thought of as 'America's Dad'
Four years of excruciating seizures caused by the 1cm tapeworm found burrowing through a man's brain

You know that headache you’ve got?

Four years of excruciating seizures caused by the 1cm tapeworm found burrowing through a man's brain
Travelling to work by scooter is faster than walking and less sweaty than cycling, so why aren’t we all doing it?

Scoot commute

Travelling to work by scooter is faster than walking and less sweaty than cycling, so why aren’t we all doing it?
Paul Robeson: The story of how an American icon was driven to death to be told in film

The Paul Robeson story

How an American icon was driven to death to be told in film
10 best satellite navigation systems

Never get lost again: 10 best satellite navigation systems

Keep your vehicle going in the right direction with a clever device
Paul Scholes column: England must learn to keep possession and dictate games before they are exposed by the likes of Germany and Brazil

Paul Scholes column

England must learn to keep possession and dictate games before they are exposed by the likes of Germany and Brazil
Michael Dawson: I’ll thank Spurs after we win says defender as he prepares to return with Hull

Michael Dawson: I’ll thank Spurs after we win

Hull defender faces his struggling former club on Sunday ready to show what they are missing. But he says he will always be grateful to Tottenham
Frank Warren column: Dr Wu has big plans for the professionals yet he should stick to the amateur game

Frank Warren column

Dr Wu has big plans for the professionals yet he should stick to the amateur game
Synagogue attack: Fear unites both sides of Jerusalem as minister warns restoring quiet could take 'months'

Terror unites Jerusalem after synagogue attack

Rising violence and increased police patrols have left residents of all faiths looking over their shoulders
Medecins sans Frontieres: The Ebola crisis has them in the headlines, but their work goes far beyond West Africa

'How do you carry on? You have to...'

The Ebola crisis has Medecins sans Frontieres in the headlines, but their work goes far beyond West Africa
Isis extends its deadly reach with suicide bombing in Kurdish capital

Isis extends its deadly reach with suicide bombing in Kurdish capital

Residents in what was Iraq’s safest city fear an increase in jihadist attacks, reports Patrick Cockburn
Underwater photography competition winners 2014 - in pictures

'Mysterious and inviting' shot of diver wins photography competition

Stunning image of cenote in Mexico takes top prize
Sir John Major: Negative West End portrayals of politicians put people off voting

Sir John Major hits out at theatres

Negative West End portrayals of politicians put people off voting
Kicking Barbie's butt: How the growth of 3D printing enabled me to make an army of custom-made figurines

Kicking Barbie's butt

How the growth of 3D printing enabled toy-designer to make an army of custom-made figurines