NEW YORK (
is cutting an additional 3,500 jobs by 2012 as the Finnish handset maker tries to turn itself around. The company also
in Romania by the end of this year.
Shares of Nokia jumped 4% in premarket trading Thursday to $5.77.
founder Jerry Yang has temporarily taken control of the company while it searches for new leadership
, according to
. The company is reportedly exploring alternatives, including a sale to private-equity buyers.
Shares of Yahoo! rose 1.5% in premarket trading to $14.40.
shares edged up 1.8% to $233.88 a day
designed to compete against
iPad. The device has a 7-inch color touch screen and will sell for $199, less than half the cost of the least expensive version of the iPad.
is reportedly working with
to protect itself against potential activist investors, according to
The Wall Street Journal
. The company has felt vulnerable to a takeover following the ousting of former CEO Leo Apotheker, who was replaced by Meg Whitman.
Shares of HP jumped 2.5% to $23.76 in premarket trading on Thursday.
More than 52% of BlackBerry customers are planning on switching to
iPhone 5 once the phone hits shelves, according to a report by mobile ad network InMobi. More than a quarter of Android users are also planning to switch, the report found.
--Written by Olivia Oran in New York.
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