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Latest Business News: Nokia Exec Wants Microsoft to Step up Its Game With Windows Phone Apps

Wochit 1:06 mins

When Nokia unveiled the Lumia 1020 and its 41-megapixel camera earlier this month, it was a clear sign that the company was committed to giving consumers something that no other smartphone could offer. Now it seems that Nokia wants Microsoft to put the same kind of effort into getting the Windows Phone platform up to speed with iOS and Android. Bobby Kotick, Activision Blizzard Inc's CEO, who is shelling out $50 million of his own money in an $8.2 billion deal to buy back most of Vivendi's stake, said the world's largest video game publisher will be freer to pursue acquisitions and grow after emerging from its French parent's wing. A disconcerting trend lurks beneath the recent round of solid profit forecasts announced by companies ranging from United Technologies Corp to Wendy's Co : More than three years into the recovery, CEOs are still relying on cost cuts to prop up earnings.

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