PHONING THE XBOX: An upcoming upgrade of Microsoft Corp.'s phone software will connect to the company's popular Xbox game console. In an example shown during a Monday demonstration, Xbox players were able to use their mobile phones to contribute to the action.
SALES JOB: Nokia CEO Stephen Elop is trying to convince investors and his employees that he did the right thing when he decided to dump his company's smart-phone software and shift over to Microsoft Corp.'s instead.
Investors have panned his shake-up strategy and employees are rankled. Now, Nokia Corp.'s Stephen Elop, the first non-Finn to lead the world's largest maker of phones, is in a hurry to justify his decision to ditch the company's smart-phone software in favor of a former employer's, Microsoft.
The CEO of Nokia says the company will get "huge" payments from Microsoft to use its Windows Phone 7 software for smart phones and ditch its current software.
Nokia Corp. will get billions of dollars from Microsoft Corp. to ditch its current smart-phone software in favor of Windows Phone 7, Nokia CEO Stephen Elop said Sunday, in a defense of the deal.
Technology titans Nokia and Microsoft are combining forces to make smart phones that might challenge rivals like Apple and Google and revive their own fortunes in a market they have struggled to keep up with.
Exxon Mobil earned $9.25 billion in the last three months of 2010, its most profitable quarter since the record third quarter of 2008.
Nintendo's President Satoru Iwata is unfazed by rival Sony's plans for an upgraded successor to the PlayStation Portable, confident that his company's 3-D handheld game machine going on sale next month has a competitive edge.
Microsoft Corp. says net income edged down less than one percent in the most recent quarter from a year ago, hurt by weak personal computer shipments.