BUSINESS
February 12, 2011 | By Nathan Olivarez-Giles, Los Angeles Times
Nokia is set to pair its hardware with Microsoft's Windows Phone software in an effort to fend off increased competition from Apple's iPhone, Google's Android operating system and Research in Motion's BlackBerry handsets. Nokia, the world's largest mobile phone maker, made the widely expected decision official on Friday morning during a London news conference. "The entire smart phone market is growing rapidly, and we should be setting the pace," said Nokia Corp. Chief Executive Stephen Elop.
BUSINESS
October 17, 2008 | Michelle Quinn, Times Staff Writer
Qualcomm Inc., the San Diego-based chip maker, will receive about $2.3 billion as part of a royalty-fight settlement with Nokia Corp., the world's leading maker of cellphones. The one-time payment, which Nokia made public Thursday when it reported third-quarter financial results, was roughly what analysts had expected since the two companies announced that they had reached an agreement in July. Qualcomm's shares gained $2.60, or 7%, to $38.89. Nokia's shares jumped $1.50, or 10%, to $16.57.
BUSINESS
December 28, 2007 | From Times Wire Services
Nokia, the world's biggest maker of mobile phones, delayed its N-Gage gaming service for a second time for further software work. The service will start in early 2008, rather than this month, said Kari Tuutti, a spokesman for the Espoo, Finland-based company. Nokia initially planned to begin the service last month. "It's a few weeks' postponement," Tuutti said. "We've identified one software element that needs to be fine-tuned."
BUSINESS
October 20, 2007 | From Times Wire Services
American, Northwest and US Airways joined other major airlines in raising most U.S. round-trip fares by as much as $20 as jet fuel prices near record highs. The fare hikes were initiated Wednesday by United Airlines. Six of the seven largest U.S. carriers have joined in the increase. Only Southwest Airlines held the line on fares. The price of jet fuel has climbed 37% this year and is $2.43 a gallon in New York. The price hit $2.49 in September 2005.
BUSINESS
October 20, 2007 | From Times Wire Services
Qualcomm Inc., a San Diego maker of mobile-phone chips, said a U.S. judge issued an initial determination ending an investigation of trade practices filed by Nokia. Nokia in August asked the U.S. International Trade Commission in Washington to ban imports of handsets with certain Qualcomm chip sets, raising the stakes in their fight over licensing fees. The Finnish firm said Qualcomm used "unfair trade practices" in relation to five of its patents.
BUSINESS
September 18, 2007 | From Times Wire Reports
A U.S. trade agency said it would investigate patent-infringement claims by Nokia against Qualcomm Inc. Nokia, based in Espoo, Finland, filed the complaint in August with the U.S. International Trade Commission, a Washington agency that can bar imports of products that infringe U.S. patents. The company said San Diego-based Qualcomm used "unfair trade practices" in relation to five of its patents.