Tech Business Recap: Nasdaq Partners With Amazon, Nokia Launches Asha Phones

Nasdaq (NASDAQ:NDAQ) and Amazon Web Services (NASDAQ:AMZN) are partnering to offer Wall Street companies a service which will permit them to store crucial regulatory data on the latter’s cloud infrastructure. This arrangement, which should enable clients to reduce costs significantly, represents Amazon’s boldest move yet into the financial sector, but worries about security might limit growth.

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Nokia Corporation (NYSE:NOK) launches the Asha 308 and 309, which are two $99 unsubsidized additions to its feature phone line that is popular even while its smartphone sales plummet. The new Asha products feature 3-inch touchscreens without 3 gigabyte connections. Nokia needs the phones to help it deter Android’s move into the less expensive area, especially in emerging markets in which the firm still holds a considerable share.

Comments from Eric Schmidt of Google Inc. (NASDAQ:GOOG) indicate that his company has made no attempt to supply a Google Maps application for the App Store, despite the negative feedback to Apple’s (NASDAQ:AAPL) iOS 6 Maps. Further, he implies that Apple has not indicated that it will okay a Google Maps application. Schmidt will not guarantee that Google will keep its position as the default search option for iOS, which has generated huge revenue-sharing payments for Apple, while securing Google’s mobile search dominance.

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