Worries mount as Nokia burns through cash

File photo of a Nokia smartphone with currency graph on display is seen in Zenica

File photo of a Nokia smartphone with currency graph on display is seen in ZenicaLONDON/HELSINKI, May 18 (IFR/Reuters) - Nokia Oyj is tearing through its cash reserves at an unsustainable rate, raising what some analysts say are serious questions about the struggling Finnish phone maker's ability to stabilize its finances in the months ahead. With the cost of Nokia's debt rising, the most bearish of analysts in a Reuters poll said the company could even be at risk of default if it fails to slow the burning of its cash. Over the past five quarters, the onetime darling of mobile telecoms has eroded its cash pile by 2.1 billion euros ($2. ...


UK surveillance could yield window into lives

FILE In this Friday, Sept. 23, 2011 file photo a man talks on a mobile phone as the hi-rise buildings of the banks based in the Canary Wharf business district are seen in the distance from Parliament Hill on Hampstead Heath in London. British officials have given their word:

FILE In this Friday, Sept. 23, 2011 file photo a man talks on a mobile phone as the hi-rise buildings of the banks based in the Canary Wharf business district are seen in the distance from Parliament Hill on Hampstead Heath in London. British officials have given their word: 'We won't read your emails.' But experts say that its proposed new surveillance program, unveiled last week as part of the government's annual legislative program, will gather so much data that spooks won't have to read your messages to guess what you're up to. (AP Photo/Matt Dunham)British officials have given their word: "We won't read your emails."


Verizon data fans to pay more in service or phones

A Verizon logo is seen during the International CTIA WIRELESS Conference & Exposition in New Orleans, Louisiana

A Verizon logo is seen during the International CTIA WIRELESS Conference & Exposition in New Orleans, LouisianaNEW YORK (Reuters) - Verizon Wireless plans to make its data-hungry customers pay a lot more, either in service fees or smartphone prices, as it tries to cut costs and boost revenue from data services. The No. 1 U.S. mobile provider said it will eliminate unlimited data plans for all customers who upgrade their cellphone at a discounted rate, potentially driving more business to its smaller rival Sprint Nextel. Only customers who pay full price for their cellphones will be able to keep unlimited data service plans for a flat monthly fee of $30 a month. ...


Can Facebook’s Reign As Social Media Champ Last?

As Facebook rang the bell on Friday to become one of the largest publicly traded companies on the stock market, many critics continue to debate the staying power of the social network and how the IPO will impact the company's future.

Nasdaq Delayed Facebook IPO for 30 Minutes

Although Facebook was scheduled to go public at 11:00 a.m. ET on Friday, it didn't officially hit the stock market until a half an hour later. A rep from Nasdaq declined comment on the issue.