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LONDON/HELSINKI, May 18 (IFR/Reuters) – Nokia Oyj is tearing through its cash reserves at an unsustainable rate, raising what some analysts say are serious questions about the struggling Finnish phone maker’s ability to stabilize its finances in the months ahead. With the cost of Nokia’s debt rising, the most bearish of analysts in a Reuters poll said the company could even be at risk of default if it fails to slow the burning of its cash. Over the past five quarters, Readmore

By Ritsuko Ando HELSINKI (Reuters) – Troubles at Finland’s Nokia Oyj (NOK1V.HE) aren’t just bad news for the company, its staff and shareholders. They’re also a warning sign for the small Nordic country’s welfare model. Just as Nokia’s sure touch with well-designed, consumer-friendly products seems to have deserted it, fears are growing that Finland, whose reputation for innovation rested largely on the handset maker’s success, may be losing its competitive edge. Readmore

HELSINKI (AP) — Nokia has been bumped off its 14-year top spot as the world’s largest cellphone company by Samsung, according to a British research firm.Gartner said Wednesday that Samsung Electronics Co. sold 86.6 million cellphones in the first quarter, inching past Nokia Corp’s sales of just over 83 million units.Apple Inc. sold 33 million iPhones, with a global market share of some 8 percent.Last month Boston-based Strategy Analytics said Samsung had overtaken struggling Nokia as the world’s Readmore

Half of Americans consider Facebook is a flitting fad, according to a formula of a new Associated Press-CNBC poll. And, in a run-up to a amicable network’s initial open charity of stock, half of Americans also contend a amicable network’s approaching seeking cost is too high.

Nokia shares have dropped to the lowest level in 16 years after Scoiete Generale analyst Andy Perkins cut his rating on the stock to Sell from Hold. He writes in a research note that the company’s handset business could be on a similar trajectory to that of Motorola Mobility, and that operating losses and restructuring costs threaten to wipe out most of the company’s cash, and could “bring into question Nokia’s very survival.” The analyst expects Nokia’s Readmore