Nokia Loss Widens

Embattled Finnish mobile handset maker Nokia extended its heavy losses as shipments of its new line of Lumia brand phones failed to make up for slumping sales of its older models, but its cash position proved stronger than expected.

Nokia Corp., eager to integrate Microsoft Corp.'s coming Windows 8 software into its smartphone lineup, is headed for a tough waiting game over the next several months even after reporting an uptick in sales of its flagship Lumia-brand phones and a slowing rate of cash outflows that lifted its shares.

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