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Edition: U.S. Article Comments (0) Follow Reuters Facebook Twitter RSS YouTube Read Inmate in jail with Anthony lost child to drowning 1:33am EDT Israel asks Apple to remove intifada phone app 21 Jun 2011 Roger Ebert defends Tweet about "Jackass" star 21 Jun 2011 UPDATE 1-LulzSec's ambition grows, targets secret govt data 21 Jun 2011 California lawmakers denied pay until budget resolved 21 Jun 2011 Discussed 48 Weiner tells friends he will resign: NY Times 48 IMF cuts U.S. growth forecast, warns of crisis 46 Ron Paul wins 2012 Republican straw poll in New Orleans Watched Hefner's revenge; Ryan Reynolds stops traffic Fri, Jun 17 2011 Airbus A380 damaged at Paris Air Show Mon, Jun 20 2011 Grim cigarette labels aim to curb smoking Mon, Jun 20 2011 Struggling Nokia revamps ops, reels in Navteq Tweet Share this Email Print Related News Nokia unveils N9 smartphone Tue, Jun 21 2011 Nokia unveils new smartphone; analysts not impressed Tue, Jun 21 2011 Nokia unveils new N9 smartphone in Singapore Tue, Jun 21 2011 Nokia says Windows phone to be launched this year Mon, Jun 20 2011 Nokia wins rare battle as Apple settles legal row Tue, Jun 14 2011 Analysis & Opinion Tech wrap: LulzSec hackers seek greener pastures Nokia’s N9 is Windows phone preview Related Topics Technology » Staff members speak to trade visitors at the Nokia booth at the CommunicAsia expo in Singapore June 21, 2011. Credit: Reuters/Tim Chong HELSINKI | Wed Jun 22, 2011 3:26am EDT HELSINKI (Reuters) - Finnish cellphone maker Nokia said on Wednesday it would merge its independent Navteq mapping unit with its services business to tap into surging demand for location-based services more effectively. Nokia Chief Executive Stephen Elop named Michael Halbherr, an outspoken executive who joined Nokia in 2006, to lead the new Location & Commerce business line. Elop has seen the company's stock price halving over last four months as investors doubt the likely success of his plan to switch to Microsoft Corp's smartphone software. On May 31 Nokia warned on current-quarter sales and profits and abandoned hope of meeting key targets just weeks after setting them, raising questions over whether its new boss can deliver on the turnaround he promised. Nokia has lost initiative in the smartphone market to Apple Inc's iPhone and Google Inc's Android devices, and at the lower end to more nimble Asian rivals. Overall, it still makes more cellphones than anyone else due to its strong position in basic cellphones and its wider distribution network in emerging countries. (Editing by David Holmes) Technology Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Social Stream (What's this?) © Copyright 2011 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback Mobile Newsletters RSS Podcasts Widgets Your View Analyst Research Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Super Lawyers Attorney Rating Service Reuters on Facebook Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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