Retail in Asia

Nokia profits slump 40pc in 2Q10

Profits at Nokia slumped by 40 percent in the second quarter compared with the previous year, with the mobile-phone handset maker announcing profits of a mere EUR227 million (USD291m) for the three mo…

HP acquires Palm for USD1.2b

Hewlett-Packard Co.’s (HP) acquisition of Palm Inc. became official on 1 July. The USD1.2 billion deal was announced on 28 April and HP has now confirmed that Palm’s WebOS smartphone will …