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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