Nokia sheds 300 IT jobs, transfers 820 workers

Nokia Corp. plans to sell its head office near the Finnish capital to real estate investors for €170 million ($220 million) as the struggling cellphone maker continues to cut costs.

The world's leading mobile phone maker Nokia said on Wednesday it will cut 4,000 jobs worldwide by the end of 2012 and transfer a further 3,000 employees to consulting firm Accenture.

(AP) -- Nokia Corp. said Tuesday it is axing 220 jobs at research and development units in Japan as the world's largest mobile phone maker continues to cut costs.

(AP) -- Apple Inc. and Samsung Electronics Co. zoomed to the top of the list of global smartphone makers in the second quarter, blowing past Nokia Corp. and BlackBerry maker Research In Motion Ltd., according ...

(AP) -- Nokia Corp. plans to stop assembling cell phones in Europe by year-end as it shifts production to Asia and will cut another 4,000 jobs, its latest attempts to cushion itself from stiff competition in the smartphone ...

(AP) -- Nokia Corp. said Wednesday it has completed a deal to outsource Symbian software development to Accenture, including the transfer of 2,800 workers to the global management-consulting firm.

(AP)—Netflix is hoping this weekend's release of the resurrected TV series "Arrested Development" will draw more subscribers to its Internet video service.

PayPal is doubling down on efforts to bring the mobile payment platform to brick-and-mortar stores and restaurants, offering new pay-from-your-smartphone services that threaten to make the physical wallet obsolete.

Apple Inc. Chief Executive Tim Cook disclosed during a Senate hearing this week that the tech giant will invest more than $100 million to build a factory in the Lone Star State, where it will assemble a line of Mac computers.

(AP)—News Corp. says its board of directors has approved plans to split its entertainment and publishing businesses into two separate companies.

The US International Trade Commission sided with Microsoft in a patent dispute with Google-owned Motorola Mobility that could have led to Xbox 360 videogame consoles being banned from import.

(AP)—Internet radio company Pandora reported higher-than-expected revenue in the latest quarter, with losses in line with analysts' forecasts, as the number of subscribers who pay for ad-free listening rose above 2.5 million.