LG Electronics Baby Blue bezel for LG L1200

Wall Street sells off as consumers snap wallets shut (Reuters)

Reuters - U.S. stocks fell on Friday after a record drop in retail sales last month heightened fears that American consumers' reluctance to spend will push the economy into an even deeper downturn than currently expected.

Appeal threatens Telenor's Russian stake (AP)
AP - A Siberian appeal court is scheduled Tuesday to consider a ruling that could lead to the temporary seizure of Norwegian Telenor's ownership in Vimpelcom, Russia's second largest mobile phone company.

ARM, Adobe collaborate on mobile Web browsing (Reuters)
Reuters - Software maker Adobe Systems and chip designer ARM Holdings will collaborate to bring better Web services to ARM-powered devices including cellphones from most of the world's biggest handset makers.

Cisco unveils new edge router (Reuters)

Reuters - Cisco Systems Inc launched a new edge router aimed at improving Web speeds as more consumers download movies online and access the Internet with mobile phones.

Japan's DoCoMo eyes 'Google phone' launch next year (AFP)

AFP - Japan's top carrier NTT DoCoMo Inc. aims to launch next year a cellphone developed with Internet search giant Google, an official said Wednesday, a move that could counter Apple's iconic iPhone.

Vodafone's 1H profit falls; cost cuts boost shares (AP)

AP - Vodafone Group PLC, the world's biggest mobile phone company by sales, said Tuesday its net profit fell 35 percent during the first half of the financial year. But shares rallied as the company announced 1 billion pounds ($1.56 billion) in cost cuts and stuck to its full-year profit forecast despite the global economic downturn.

Nokia sees cellphone, gear market falling in 2009 (Reuters)

Reuters - Top handset maker Nokia Oyj said on Friday the world's mobile phone market would fall in the fourth quarter and next year as an economic slowdown crimps consumer demand around the world.

China picks up 3G pace, Mobile completes gear deals (Reuters)
Reuters - China took another step toward its long-cherished goal of operating high-speed telecoms services, with China Mobile (0941.HK) dishing out over $4 billion of deals and smaller rival Unicom (0762.HK) hoping to win a 3G license soon.

Microsoft near deal with Verizon for cellphone search (AFP)

AFP - Microsoft Corp. is close to a deal with Verizon Wireless to become the default search provider on the wireless carrier's cellphones, The Wall Street Journal reported on Wednesday.