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Panasonic to abandon consumer smartphones

Japanese electronic giant Panasonic said Thursday it will abandon research into new smartphones for retail consumers at home as it struggles to make inroads in a sector dominated by Apple and Samsung.

Amazon swings to profit for 2013 on sales jump

US tech giant Amazon said Thursday it returned to profit in 2013 on a strong jump in revenue, as it expanded offerings for Kindle tablets and its original television programming.

Investment in LEGO can yield returns of up to 600 percent

Economists of the Higher School of Economics Victoria Dobrynskaya and Yulia Kishilova analysed secondary market prices of the world-famous LEGO toy construction sets released from 1987 to 2014.

Search engine Baidu says profit up 36 percent

Baidu Inc., which operates China's most popular search engine, said Tuesday its quarterly profit rose 36 percent as an economic rebound helped to boost advertising spending.

Nokia to launch Microsoft platform phones in 2011

Finnish handset maker Nokia Corp. plans to introduce its first mobile phones using the Microsoft Windows operating system this year, the company's chief executive said Tuesday.

Fujitsu plunges into huge loss, eyes job cuts

Japan's Fujitsu said Thursday it lost almost $1.0 billion in the nine months to December and was looking into slashing 5,000 jobs worldwide as it struggles to compete with cheaper overseas competition.

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