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Nokia profit plunges 90 percent in Q1

(AP) -- Nokia Corp. on Thursday said profits plummeted 90 percent in the first quarter because of fading demand for mobile phones amid the worldwide downturn - but its shares surged as analysts had expected ...

dateApr 16, 2009 in Business
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Nokia to lay off 1,700 worldwide

(AP) -- Nokia Corp. said Tuesday it will lay off 1,700 people worldwide to cut costs, as the global economic downturn strikes deeper into the mobile phone sector.

dateMar 17, 2009 in Business
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