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 Stephen Elop, chief executive officer of Nokia,  who ran Microsoft’s business software division before moving to Nokia in 2010, will return to the US firm as head of its mobile devices business.  Photograph: Alexander Zemlianichenko /Bloomberg

Shares in Nokia surged yesterday as news that Microsoft has bought the struggling mobile phone firm buoyed the stock.The €5.4 billion deal covers Noki(...)

Microsoft is buying Nokia’s devices and services business, and getting access to the company’s patents, for a total of ¤5.44 billion in an effort to expand its share of the smartphone market. Photograph: Reuters

Microsoft’s decision to buy the handset division of Nokia has been greeted in all sorts of different ways, depending on the analyst you speak to. Ever(...)

 Nokia struggled to stay relevant against fleet-footed technology rivals. Photograph: Paul Thomas/Bloomberg
Nokia timeline

We track the mobile phone giant’s rise around the world and subsequent fall.1865: Mining engineer Fredrik Idestam sets up a wood pulp mill in southwes(...)

John Boehner, speaker of the US House of Representatives,  who  said  yesterday he supported the US president’s call for action against the Assad regime in Syria, renewing jitters among investors. Photograph:  Alex Wong/Getty Images

The Iseq closed down just a fraction yesterday, as a week-long rally in European shares stalled because of ongoing concerns about potential western mi(...)

Microsoft said today it would buy Nokia’s mobile phone business for €5.4bn. Photograph: Reuters

Shares in Microsoft fell by almost 5 per cent in early morning trading, as the software giant announced it is to acquire Nokia's phone business and(...)


Uncertainty in Syria has already hit global markets. Might a serious escalation of tensions hammer stocks?Unlikely. One famous study, What Moves Stock(...)

US president Barack Obama addresses a crowd of students, teachers, business leaders and members of Congress before signing the America Invents Act at Thomas Jefferson High School for Science and Technology on September 16th, 2011, in Alexandria, Virginia. Photograph: Chip Somodevilla/Getty

Across the globe the first inventor to file a patent – rather than the first to invent – is the one who takes the spoils, regardless of who might have(...)

If you want to have heated debates about what exactly constitutes a “watercooler moment” in television viewing, and whether “shiny-floor” talent conte(...)

Steve Ballmer greets host Ryan Seacrest at the 2012 International Consumer Electronics Show in Las Vegas, Nevada, in 2012. Photograph: David Paul Morris/Bloomberg

Steve Ballmer is an imposing man. He is tall. He is solid. He is loud (his foghorn voice does not have a sotto voce setting). For a big guy, he also c(...)

Facebook’s  Global Government Requests Report revealed the number of official data requests

Irish authorities have made numerous requests for information on Facebook users here in the first six months of 2013, the social media giant has revea(...)

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