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Microsoft buys Nokia's phone unit for $7.2B

Microsoft is buying Nokia's line-up of smartphones and a portfolio of patents and services in an attempt to strengthen its fight with Apple and Google to capture a slice of the lucrative mobile computing market.

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Business Hub: Dame Therese Walsh
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Business Hub: Dame Therese Walsh

Independent director and Chairman of Air New Zealand Dame Therese Walsh talks the ‘heartbreaking’ loss of over 4000 staff and the road ahead for the airline. Video / Annaleise Shortland