Nokia's new Lumia 920 handset is being priced up to 25 percent higher than the rival Samsung Galaxy S3, risking a consumer backlash that could endanger its attempt to restore its fortunes.

Analysts said Nokia will struggle to explain the premium on the Lumia, seen as potentially its last chance to break into the lucrative smartphone segment and catch Apple's iPhone and a string of other popular phones like the fast-selling Galaxy.

The Lumia, which with its rounded edges and colourful covers look similar to its predecessors

Sony Mobile is moving closer to its parent company.

The mobile phone maker announced today that in October, it'll move its headquarters from Lund, Sweden to Tokyo, Japan. And in so doing, it will reduce its global workforce by 1,000 employees, or 15 percent of its staff. Those cuts, which include consultants, should be completed by the end of March 2014.

Sony Mobile's headquarters are in Sweden because the company's former 50 percent owner, Ericsson, is based there. Earlier this year, Sony completed the acquisition of Ericsson's stake in the mobile firm

Sony Corp is considering hundreds of layoffs at a mobile phone plant in Sweden, a newspaper reported on Wednesday, in what would be one of the first major strategic decisions by the Japanese company on its former joint venture with Ericsson.

Sony Chief Executive Officer Kazuo Hirai is under pressure to reverse the fortunes of his company, which this month slashed its 2012/2013 operating profit forecast.

After Sony took over the struggling Sony Ericsson mobile phone venture at the start of this year for 1.05 billion euros ($1.3 billion)

Appliance makers continue to face wary consumers in a shaky economy, but are betting they can push through price increases to salvage profits in the second half of the year.

Whirlpool Corp. and Sweden's Electrolux AB plan to raise their major appliance prices for the second time this year to help offset soaring costs for materials including steel and copper.

But with the demand for appliances weakening, analysts say the companies are likely to face opposition from retailers.

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