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Economy Briefs: Verizon to sell Nokia phone

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NEW YORK — Verizon Wireless, the largest cellphone carrier in the U.S., on Monday said it will sell a Nokia phone for the first time in years, lending support to the embattled Finnish company's turnaround effort.

Verizon said it will be the only carrier to sell the Lumia 822, part of Nokia Corp.'s lineup of smartphones based on Microsoft's Windows software. The company didn't provide the launch date or price. Verizon rivals AT&T and T-Mobile USA started selling Lumia phones earlier this year.

HOLIDAYS

UPS sees delivery of 527 million holiday packages

NEW YORK — UPS expects to deliver 527 million packages between Thanksgiving and Christmas this year, surpassing last year's record high by 10 percent.

The world's largest package delivery company estimates 28 million of those will be delivered on Thursday, Dec. 20 — projected to be the busiest day of the year. That's nearly double what the Atlanta company moves on an average day.

The busiest day of the year has moved close to Christmas because more Americans are ordering gifts online and using expedited shipping. Most packages will arrive within three days. Last-minute shoppers who ship packages by Friday, Dec. 21, can get their goods by Christmas Eve via next day air.

TECHNOLOGY

Google unveils another phone, larger Nexus tablet

SAN FRANCISCO — Google is adding a few more gadgets to holiday shopping lists.

The devices announced Monday include the latest in Google's line of Nexus smartphones and a larger version of the 7-inch tablet that the company began selling in July under the Nexus brand.

The Nexus 4 smartphone is being made by LG Electronics and features an update to Google's Android 4.2 system, also known as Jelly Bean. The larger Nexus tablet is being made by Samsung Electronics Co. and features a 10-inch display screen, about the same size as Apple Inc.'s top-selling iPad.

The Nexus 10 tablet with 16 gigabytes of storage will sell for $399. The Nexus goes on sale in Google's online store Nov. 13.

SPAIN

Prime minister rules out imminent request for help

MADRID — Spain has no immediate need to ask for outside aid to help deal with its debts, Prime Minister Mariano Rajoy insisted Monday.

Spain, which is in recession for the second time in three years and is being weighed down by an unemployment rate of 25 percent, has been under pressure to tap a bond-buying program of the European Central Bank since it was announced in early September.

The plan was largely designed to keep a lid on Spain's borrowing costs. Even without a request, Spain has won some respite in the markets on the anticipation that the country would soon make one.

From wire dispatches and staff reports

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