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Verizon Wireless is blocking Google's new flagship phone from supporting Google's attempt to make the smartphone the credit card of the future. In blocking the Google Wallet software from running on the new Samsung Galaxy Nexus, Verizon Wireless said Tuesday that it was waiting to provide a wallet application until it can offer "the best security and user experience." Verizon and rivals AT&T Inc. and T-Mobile USA are part of a consortium called ISIS that is planning its own payment system.

For two years, Apple has told the world that phones running on Google Android operating system are iPhone rip-offs. Now Apple is about to learn whether a U.S. trade agency thinks its claims have merit.

A U.S. judge rejected Apple's request to ban U.S. sales of some Galaxy smartphones and tablets made by Samsung.

Investors purchased roughly 850 calls at the Dec. 11 $19 strike for an average premium of $0.53 each, and snapped up nearly 700 of the Dec. '11 $20 strike calls at an average premium of $0.39 apiece. Call buyers at these strikes may profit at expiration next week in the event that shares in Research in Motion surge 6.7% and 11.4% over the current price of $18.30 to surpass the average breakeven prices of $19.53 and $20.39, respectively.

Carrier IQ threatens and then drops legal action against a developer who claimed that the company's code could be used to monitor smartphones.

A German patent owner has ordered HTC to halt sales of its devices in Germany, but the mobile phone maker says the claim is "invalid".

Some 84 percent of iPhone users said they would pick iPhone also when they replace their cellphone, while 60 percent of those using Android smartphones said they would stick with phones using the same software, says a research firm.

China has passed the U.S. in the third quarter to become the world's largest smartphone market by shipments, but may find it tough to hold the position in the next two quarters, according to a research firm. China's smartphone shipments reached 23.9 million units by the end of the third quarter, according to Strategy Analytics. This put the country just ahead of the U.S. where 23.3 million smartphones were shipped in the quarter.

Nokia Siemens Networks is slashing 17,000 jobs worldwide by 2013 — nearly 23 percent of its work force — as it strives to cut costs by €1 billion ($1.35 billion). The mobile infrastructure company said Wednesday the measures are part of “an extensive global restructuring program,” which includes streamlining the organization to improve long-term competitiveness and profitability.

Facebook is working with HTC to develop a phone that has a much deeper integration with the social network than any previous "Facebook phone." That's according to a report from All Things D, which says the phone is probably 12 to 18 months away from hitting store shelves.