Webwire: Concern over Nokia's spending; Facebook trading disappoints

Analysts are concerned that Nokia appears to be burning through cash reserves at an unsustainable rate, with some worried that the company could have completely depleted its cash buffer by next year.
IFR 
 
Facebook stock failed to get the big first-day bump that market watchers had been expecting following the company's $16 billion (€12.5 billion) IPO, leading one financial adviser to dub the process a “Face-flop.”
 
Yahoo and Alibaba have finally agreed to terms for a $7 billion (€5.4 billion) sale of half of Yahoo's stake back to the Chinese e-commerce group.
 
Apple chief Tim Cook and Samsung chief Choi Gee-sung will meet today for a court-supervised mediation session, to try to hammer out a settlement in the patent war between the vendors.
 
ZTE has confirmed a security flaw in its Score smartphone, sold in the US, which can allow anyone with knowledge of a password available on the internet to gain control of the device.
 
The Welsh town of Monmouth has become the world's first “Wikipedia town,” deploying barcodes at landmarks that, when scanned through a mobile phone, bring up the landmarks' respective pages on the online encyclopedia.
 

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