Nokia's stock rallied Friday after the Finnish mobile phone maker said it was replacing its chief executive with an executive from Microsoft Corp.
Nokia Siemens Networks said Friday it rejects a lawsuit filed in a U.S. court by a jailed Iranian journalist and his son, who have accused the European telecommunications company of providing the Iranian government the tools to spy on its own citizens.
Stocks closed higher Monday, recovering from earlier weakness, as optimism about corporate results due this week outweighed ongoing concerns about the economy.
U.S. stocks were set for a higher start Monday, looking to rebound from the previous week's slump, as investors entered a week full of second-quarter results from corporate America.
Cisco CEO John Chambers doesn't just talk a good game about telepresence, the videoconferencing technology that creates the illusion you're in a room with someone who's actually thousands of miles away. He's planning to install his company's high-end system in his Silicon Valley home, provided he and his wife can agree on a spot for it.
LM Ericsson, the world's largest maker of wireless networks, reaffirmed its expectation that the GSM and WCDMA mobile handset market will continue to show mid-single digit growth in 2007.
Siemens' new chief executive made his debut on Wednesday with a politically astute disposal, a surprise acquisition but a weak set of third-quarter results, sending Siemens shares down more than 4 percent.
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