CHICAGO (Reuters) - Krishan Agarwal, president of online luxury watch vendor Melrose.com, told a roomful of attentive Internet retailers last week how Facebook had helped his company generate about 25 percent more sales in two years.
SEATTLE (Reuters) - As Microsoft Corp prepares to show the world what its new Windows 8 can do on the next generation of high-powered tablets, initial reviews of the new operating system on existing hardware underscore the challenges the company faces with the radical redesign of its flagship product.
HELSINKI (Reuters) - With the latest round of job cuts announced this week Nokia's chief executive Stephen Elop could be hastening rather than arresting the once dominant Finnish phone maker's decline.
LONDON/NEW YORK (Reuters) - Motorola Solutions Inc said on Friday it had agreed to buy Psion Plc, the British company that pioneered portable computing with its "Organiser" device in the 1980s, for $200 million to expand its business with industrial clients.
(Reuters) - Moody's slashed Nokia's credit rating to "junk" on Friday after the Finnish cellphone maker cut 10,000 more jobs and forecast a wider-than-expected loss, citing worries about its cash position and slow sales of new Windows phones.
MOSCOW (Reuters) - State-controlled Russian telecoms group Rostelecom may enter the lucrative Moscow mobile market with discounts of up to 20 percent, likely starting a price war that will hit the three big established operators' profit margins.
(Reuters) - Facebook is set to file a motion to consolidate all the shareholder lawsuits against the social network site, and is expected to place some blame on the Nasdaq for its botched IPO when it files the motion, the New York Times reported Thursday.
TOKYO (Reuters) - Japan's Renesas is in final talks to receive $1.3 billion in financial support from major shareholders and banks, sources said, briefly sending its shares up sharply but failing to dispel worries about the struggling chipmaker's long-term prospects.