Nokia, the world’s largest maker of mobile handsets, said Thursday that it plans to close two flagship stores in the U.S. as it refines its sales strategy and struggles to get a bigger foothold in the North American market. Nokia also said it plans to close one of two stores in London. And it will …

Correction made December 9 at 7:51 p.m. PDT: An earlier version of this story incorrectly stated that AT&T had announced a tiered pricing plan. The company is considering incentives to curb heavy wireless data usage. AT&T wants its iPhone users to use less wireless data, and it may consider new pricing models to curb users’ data usage as it tries …

Would you like to let AT&T know when your iPhone has dropped a call? Well, now there is an app for that. AT&T on Monday released a new application called “Mark the Spot,” which lets iPhone users submit complaints about dropped calls, poor service coverage, and less-than-perfect voice quality. The application is free and available in the iTunes App Store. …

The Federal Communications Commission opened a formal proceeding Wednesday to get feedback on whether it should reclaim some spectrum licenses held by TV broadcasters and auction them off to wireless broadband providers. The public comment notice issued by the FCC is the first step in a process that could pit TV broadcasters against the FCC and the wireless industry. FCC …

It’s official. Comcast, the nation’s largest cable company, announced Thursday that it is buying a controlling stake in the TV network and movie studio NBC Universal. The total value of the blockbuster media industry deal, which had been rumored since September, is estimated at around $37 billion. The new joint venture will merge Comcast’s cable channels, which are worth about …

Finally, some good news from Nokia. On Wednesday, the world’s largest maker of cell phones said it expects sales volumes of mobile handsets to increase 10 percent in 2010 from 2009, as the market rebounds from a worldwide recession. “Going into 2010, the overall mobile-devices market is stabilizing, and it is growing more in the areas where Nokia has competitive …

Updated 5:10 p.m. PDT with information about the financial details of the deal. Comcast is very close to sealing the deal to acquire NBC Universal, CNBC anchor and reporter David Faber reported Tuesday. The only thing left to do is sign the papers. Faber said in a story posted on the CNBC Web site that the deal is expected to …

Verizon Wireless and AT&T have ended their public legal spat over advertising, and have thus agreed to stop complaining about each other’s advertising campaigns. On Wednesday AT&T announced it dropped its suit against Verizon Wireless for allegedly misleading customers by showing its weak 3G coverage. And Verizon said it agreed to drop a suit it filed earlier this year against …

AT&T has dismissed its lawsuit against Verizon Wireless for using an advertisement that AT&T complained confused customers about its 3G wireless coverage. Verizon Wireless On Wednesday, AT&T formally dismissed the lawsuit. Last month, the wireless operator suffered a major legal setback when a judge rejected the company’s request to force Verizon to pull its “There’s A Map For That” advertising …

The Federal Communications Commission is shaking up the communications market with bold initiatives to overhaul the $7 billion Universal Service Fund to help pay for universal broadband and reallocate wireless spectrum for new wireless broadband services. FCC Chairman Julius Genachowski presented plans for revising the USF program and reallocating spectrum during a speech on Tuesday in Washington, D.C., at The …