AFP - British mobile phone giant Vodafone posted a 35-percent slump in first-half net profit on Tuesday and booked a hefty loss on the value of its Turkish business.

Reuters - Microsoft Corp is moving closer to an agreement with Verizon Wireless to become the default search provider on the wireless carrier's cell phones, the Wall Street Journal said, citing people familiar with the discussions.

AFP - British mobile phone company Vodafone said on Tuesday that its net profit had slumped 35 percent in the first half of its financial year as it booked a hefty loss on the value of its Turkish business.

Reuters - Mobile phone group Vodafone cut its full-year revenue outlook for the second time in four months on Tuesday but said it would maintain profits and boost free cash flow by cutting 1 billion pounds ($1.6 billion) of costs.

Reuters - Cisco Systems Inc launched a new edge router aimed at improving Web speeds as more consumers download movies online and access the Internet with mobile phones.

AFP - Technology tracking firm NPD on Monday said Apple's iPhones are the mobile handset of choice for US consumers.