Nokia to name Rajeev Suri as next CEO on Tuesday: report

HELSINKI - Nokia , which is set to close the sale of its phone business to Microsoft , will on Tuesday name Rajeev Suri as its next CEO and outline its new strategy with a focus on its networks equipment business, a newspaper said on Friday.

Recent Business News

RBS scraps bonus plan after UK government intervenes

LONDON - Part-nationalized Royal Bank of Scotland has scrapped plans to seek permission to pay staff bonuses worth double their fixed pay after the government said it would oppose the move.

Apple, Google agree to settle lawsuit alleging hiring conspiracy

SAN FRANCISCO - Four major tech companies including Apple and Google have agreed to settle a lawsuit accusing them of conspiring to hold down salaries in Silicon Valley, just weeks before a high profile trial had been scheduled to begin.

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Microsoft beats Wall Street on new CEO debut

SEATTLE - Microsoft Corp's new chief executive got off to a winning start with Wall Street on Thursday as the world's largest software company eased past analysts' profit estimates despite the pressure of falling computer sales. | Video

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Amazon's revenue increases even as spending rises

SAN FRANCISCO - Inc's revenue grew more than expected for the first quarter, largely offset by a sharp increase in spending on technology, content and new warehouses as the e-commerce company branches into new businesses. | Video

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