Moody's downgrades LG's outlook to negative

Credit ratings agency Moody's on Thursday downgraded its outlook on South Korea's LG Electronics to negative, saying its position in the mobile phone business has weakened considerably.

Hewlett-Packard reports higher 3Q earnings

(AP) -- Hewlett-Packard Co. reported an increase in its third-quarter net income on Thursday, but the technology company gave a lower-than-expected outlook for the current quarter and cut its outlook for the year for the ...

LG Electronics 2Q net profit plunges, sales fall

(AP) -- LG Electronics, a top global manufacturer of mobile phones and flat-screen TVs, said second-quarter net profit plunged as sales declined and its mobile phone business remained in the red.

Nokia dismisses Microsoft takeover report

Nokia chief executive Stephen Elop on Wednesday dismissed as "baseless" a report that Microsoft had agreed to purchase the Finnish company's mobile business.

Microsoft lower on Nokia report

Microsoft shares were down nearly two percent on Wall Street on Wednesday amid an unconfirmed report that the US software giant had agreed to purchase Nokia's mobile business for $19 billion.

China has over 900 million mobile phone users

China had more than 900 million mobile phone subscribers at the end of April with nearly two-thirds of the world's most populous nation using cellular technology, the government said Tuesday.

SAP buying Sybase for $5.8B as it battles Oracle

(AP) -- German business software maker SAP AG has agreed to buy Sybase Inc. in a $5.8 billion deal that ratchets up SAP's rivalry with database leader Oracle Corp.

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