ELECTRONICS

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Sprint may outsource network to Ericsson: report

Sprint Nextel Corp is in final negotiations to outsource management of its cellular network to Telefon AB LM Ericsson and transfer 5,000 to 7,000 U.S. employees to the equipment vendor, The Wall Street Journal reported, citing people familiar with the matter.

East Asia sets up emergency $120 bln fund for crisis

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Thirteen East and Southeast Asian countries agreed on Sunday to set up a $120 billion emergency fund for use in an economic downturn, the first independent move by Asia to shield itself from financial crisis.
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Recession is latest focus of games for change

With the recession impacting college students, MTV's college network mtvU is turning to one medium it knows will get attention to help teach students to cope with tough financial times -- a video game.
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Motorola posts narrowed-than-expected loss

Motorola Inc said its second-quarter loss will narrow after first quarter results came in stronger than expected thanks to deep cost cuts, sending shares up 1 percent.
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Ericsson first-quarter core profit weak

Swedish telecom gear maker Ericsson posted weaker-than-expected underlying earnings, hit by a slumping global mobile phone market and cutbacks in investments by operators.
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Ericsson Q1 core profit weak

Swedish telecom gear maker Ericsson posted weaker-than-expected underlying earnings, hit by a slumping global mobile phone market and cutbacks in investments by operators.
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Motorola loss widens

Motorola Inc posted on Thursday a wider quarterly loss as sales missed Wall Street Estimates, but it forecast a narrower loss for the second quarter and said it plans further cost cuts.
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World stocks at 4-month peak

World stocks scaled a four-month peak on Thursday, powered by solid gains in Asia, as investors took heart from signs of improvement in the U.S. economy suggesting regional exporters may need to start cranking up production.
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Ericsson first-quarter overshoots

Telecom gear maker Ericsson posted a smaller-than-expected fall in first-quarter net profit on Thursday and said the effect of the global downturn on the mobile network market remained limited.
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World stocks hit 4-month peak

World stocks scaled a four-month peak on Thursday, powered by solid gains in Asia, as investors took heart from signs of improvement in the U.S. economy suggesting regional exporters may need to start cranking up production.
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Palm Pre costs $170 to make: iSuppli

Palm Inc's highly anticipated Pre smartphone costs around $170 to make, according to analysis by research group iSuppli released on Wednesday.
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Taiwan's UMC to buy China's Hejian, sees Q2 profit

UMC, the world's No.2 contract chip maker, said on Wednesday it would spend $285 million buying China-based chipmaker Hejian to tap robust demand on the mainland, which it expects to help return it to profit after three quarters in the red.
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Nokia cuts jobs, to take on Apple

Nokia Oyj will cut up to 360 jobs at Internet services unit as it combines offerings into its new Ovi Store, the world's top cell phone maker said on Tuesday.
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Nokia to hone services focus, cut jobs

Nokia Oyj , the world's biggest mobile phone maker, said on Tuesday it would reduce investment in creating new services, helping it to cut further 450 jobs.
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Verizon results lifted by wireless growth

Verizon Communications Inc posted a higher-than-expected quarterly profit due to growth in cellphone customers, solidifying its market leadership following the acquisition of smaller rival Alltel.

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