Nokia to sell high-end Lumia smartphone through Verizon Wireless

HELSINKI Fri May 10, 2013 10:20am EDT

HELSINKI May 10 (Reuters) - Nokia said it was launching a new high-end smartphone, Lumia 928, through an exclusive agreement with U.S. carrier Verizon Wireless .

The smartphone, which uses Microsoft's Windows Phone 8 software, will feature a 8.7 megapixel camera capable of recording high-quality video. It will cost $99 after a $50 mail-in rebate for those signing up to a new two-year agreeemnt.

Nokia is trying to boost its share in the high-margin smartphone market after years of falling behind Samsung and Apple Inc.

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After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.