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Nokia unveils two cheap phones for emerging markets

NAIROBI (Reuters) – Ailing Nokia Oyj unveiled two cheap cellphone models inspired by consumer needs in Africa, aiming to strengthen its position against low-cost Asian rivals. Nokia shares have roughly halved this year as the company struggled to keep up with the pace of smartphone development while also losing ground…

Microsoft CEO promises better Windows Phone

BARCELONA, Spain (Reuters) – Microsoft Chief Executive Steve Ballmer promised a Windows Phone update soon with more powerful Web graphics, and said new partner Nokia would supply “absolutely phenomenal” handsets. The new strategic partnership has been received with skepticism in the market, but Ballmer said the scale that Nokia would…