AFP - Ericsson, the world leader in mobile phone network equipment, reported a 70 percent collapse in net profit for the second quarter on Tuesday and a two-thirds fall in operating margins.

AP - Shares of Apple Inc. fell sharply as investors focused more on the company's cautious guidance for the current quarter than on the blockbuster Macintosh and iPod sales during the previous three-month period.

AFP - Facebook is asking a US court to shut down German website StudiVZ on the grounds it is an illegal "knockoff" of the online social networking superstar.

AFP - British mobile phone giant Vodafone said on Tuesday that full-year sales would be at the lower end of expectations because of difficult trading conditions, despite a rise in first-quarter sales.