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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.

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.

Irish the heaviest users of mobile phones: Ofcom (Reuters)
Reuters - Residents in the Republic of Ireland spent the most time on their mobile phones and sent the most text messages per head in the world in 2007, according to a report which examines changes in the communications industry.

Vodafone net profit drops 35%, plans cost cuts (AFP)

AFP - British mobile phone company Vodafone said on Tuesday that its net profit had slumped 35 percent in the first half of its financial year as it booked a hefty loss on the value of its Turkish business.

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.

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.

Japanese mobiles to offer psychotherapy sessions (AFP)

AFP - A Japanese professor on Wednesday launched what he said was the world's first web-based psychotherapy sessions available via mobile phone, as the country grapples with a growing problem of depression.

Microsoft nears search deal with Verizon: report (Reuters)

Reuters - Microsoft Corp is moving closer to an agreement with Verizon Wireless to become the default search provider on the wireless carrier's cell phones, the Wall Street Journal said, citing people familiar with the discussions.

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.

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.