IN BRIEF
REDMOND, Wash. — Microsoft is buying Nokia's lineup of smartphones and a portfolio of patents and services in an attempt to mount a more formidable challenge to Apple and Google.
The $7.2 billion deal announced late Monday marks a major step in Microsoft's push to transform itself from a software maker focused on making operating systems and applications for desktop and laptop computers into a more versatile company that delivers services on any kind of Internet-connected gadget.
Microsoft, which is based in Redmond, Wash., is being forced to evolve because people are pursuing their digital lives on smartphones and tablet computers, causing the demand for PCs to shrivel.
The shift is weakening Microsoft, which has dominated the PC software market for the past 30 years, and empowering Apple, the maker of the trend-setting iPhone and iPad, and Google, which gives away the mobile operating system, Android.
Nokia, based in Espoo, Finland, and Microsoft have been trying to make inroads in the smartphone market as part of a partnership forged in 2011. Under the alliance, Nokia's Lumia smartphones have run on Microsoft's Windows software, but those devices haven't emerged as a popular alternative to the iPhone.
NEW YORK — Ford is recalling 370,000 cars due to potential corrosion to their steering shaft that may result in loss of steering. No incidents or injuries have been reported.The cars include 2005 to 2011 Ford Crown Victoria, Mercury Grand Marquis and Lincoln Town Cars. About 355,000 are in the U.S. and 15,000 in Canada.
