Andy Perkins News
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Canadian stocks rose the most in seven weeks as technology and consumer shares gained after better-than-expected U.S. data offset a World Bank forecast for slower growth in China.
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BlackBerry rose the most in almost three months after Societe Generale SA boosted its rating on the stock to buy from sell, saying channel checks show the Canadian smartphone maker’s new devices are selling well.
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Ericsson AB, the world’s largest maker of mobile-phone networks, reported second-quarter profit that missed analysts’ estimates as carriers curbed spending to cope with a slowing economy. The stock fell to a 3 1/2-year low.
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Research In Motion Ltd., maker of the BlackBerry smartphone and PlayBook tablet computer, may have the most to lose from Google Inc.’s deal to acquire Motorola Mobility Holdings Inc.
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Alcatel-Lucent SA is in talks with Goldman Sachs Group Inc. about obtaining a loan to strengthen the unprofitable network equipment vendor’s balance sheet, according to people familiar with the situation.
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Nokia Oyj may tomorrow predict further declines in handset sales, potentially eating into cash reserves as the Finnish company struggles to compete against smartphones using Google Inc.’s Android software.
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Nokia Oyj fell as it forecast smaller margins in the first quarter, underscoring Chief Executive Officer Stephen Elop ’s challenge in the fight against Apple Inc.’s iPhone and Google Inc.’s Android.
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European stocks retreated, snapping two days of gains, as Greece moved closer to a possible exit from the euro currency union and German Chancellor Angela Merkel’s party lost a state election.
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Nokia Oyj , the world’s biggest mobile-phone maker, may post its smallest third-quarter profit since 2001, underscoring Chief Executive Officer Stephen Elop ’s challenge to claw back share from Apple Inc. and Google Inc.
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Prices of semiconductors used in personal computers and mobile phones jumped on supply-shortage concerns after factories were shut down in the wake of Japan’s worst earthquake on record.
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