engine - 12:41 pm on Feb 4, 2011 (gmt 0)

Nokia Shares Rise Over Speculation of Alliance With Microsoft [nytimes.com]

Shares of Nokia, the mobile phone market leader, climbed for a fourth day on Thursday amid speculation that the company may be poised to announce a software alliance with Microsoft designed to revive its struggling U.S. smartphone business. Nokia’s shares have risen more than 4 percent since Monday when an analyst, Adnaan Ahmad of Berenberg Bank in Hamburg, urged the Nokia chief executive — and former Microsoft executive — Stephen Elop, to form an alliance that would put Microsoft’s Phone operating system on Nokia’s advanced smartphones.