Nokia <NOK1V.HE>, the world's biggest maker of mobile phones, reported April-June results roughly in line with forecasts, and was upbeat on the rest of 2008, easing fears that economic woes were hitting phone demand.

By Tarmo Virki

The chairman and chief executive of UMC has resigned, the Taiwanese chip foundry said Wednesday.

The global economic slowdown has started to crimp demand for new cellphones, leading top handset research house Gartner to lower its market growth forecast, and top phone-charger maker Salcomp to warn on profits.

For less than $15, you can buy a cell phone loaded with minutes. You can buy more as you go whenever those minutes run out. Best of all, you aren't locked into a long-term contract.

There are a lot of once-highflying stocks that have fallen below $10 and look like bargains. But some stocks are cheap for a reason.

U.S. and Chinese companies signed 35 business deals in sectors ranging from automobiles to telecommunications on the eve of high-level trade and investment talks between the two countries.

To help investors get their portfolios ready for next week, CNBC asked the market pros for their best stock picks now.

In spite of the built-in WiFi, the touch-screen that lets users manipulate data and an accelerometer that allows the on-screen image to rotate with the device, the reality is, without a network that allows users to fully realize its capabilities, the iPhone is only achieving a portion of its potential.

Cellphone sales in Western Europe in January-March fell 16.4 percent from a year ago, the first decline since research firm Gartner started tracking the market in 2001, as the economic slowdown hurt demand.

China will issue three Licenses for high-speed third-generation mobile phone services and called for a merger of China Unicom and China Netcom, two of its four biggest telecoms providers, in a long-awaited industry revamp.

China Mobile, the world's biggest wireless carrier, will take over Railcom and take in a clutch of executives from smaller rivals as hopes grow that Beijing has embarked on a long-awaited overhaul of the industry.

Motorola said on Thursday its quarterly loss widened on cell phone sales that were at the low end of expectations, signaling further market share losses to Nokia and other rivals.

Former AT&T chief executive David Dorman will become Motorola's non-executive chairman next month as the struggling cell phone maker tries to fix its slumping fortunes and split itself into two companies.

Motorola said Monday it has settled all litigation with billionaire investor Carl Icahn ahead of the cellphone maker's annual meeting and agreed to name two of Icahn's nominees to its board of directors.