European stocks advanced for a fifth day, their longest rally this year, as data showed the U.K. avoided a triple-dip recession and as companies including British American Tobacco Plc reported results.
Nokia Oyj, the Finnish mobile-phone maker trying to win back users from Apple Inc. and Samsung Electronics Co., struck a deal to get Verizon Wireless to sell its new smartphone, said two people familiar with the plan.
Verizon Wireless, the largest U.S. mobile-phone carrier, won’t sell handsets with Microsoft Corp. ’s Windows Phone 7 operating system when it debuts this year, a blow to the software maker’s efforts to reach a broad market.
Apple Inc.’s iPhone 4S barreled toward unit sales of up to 4 million this weekend, as the company’s carrier partner AT&T Inc. reported a record number of customers activating the device on its network.
Eastman Kodak Co. won an appeals court ruling that it didn’t violate Apple Inc.’s patent rights over a way to process digital images in a case that the iPhone maker filed at the U.S. International Trade Commission.
Verizon Wireless, which started offering the Apple Inc. iPhone to its customers yesterday, stopped orders for the device after selling through its initial inventory, spokeswoman Brenda Raney said in an interview.