10 Things You Need To Know This Morning

nokia bing maps

Good morning! Here’s the news:

  • Nokia just announced plans to lay off 10,000 people, or about one-fifth of its global employees, by the end of next year. The company is also getting rid of its luxury handset business Vertu.
  • Amid all of that, Nokia revealed plans to double down on the Lumia phone by acquiring assets from a Swedish imaging technology company.
  • Business Insider’s Owen Thomas has learned that Microsoft is planning to buy up Yammer, a workplace productivity tool. Bloomberg reports the deal may be for more than $1 billion.
  • In other Microsoft news, the company is about to make an epic, greedy mistake with its tablets by pricing the Windows RT software way too high.
  • Facebook announced a new real-time bidding system for buying ads on the social network. Here’s how the company says it will work.
  • Kleiner Perkins has filed a seven page response to Ellen Pao’s lawsuit, denying “each and every material allegation” she made.
  • If you’re just tuning into the case now, take a minute to meet all the players in the Kleiner sex scandal that’s rocking Silicon Valley.
  • Zappos CEO Tony Hsieh revealed his radical plans this week to change Las Vegas.
  • Here’s who owns how much of Square. Hint: Jack Dorsey doesn’t own as much as you might think.
  • In case you missed it: Here are the executives that Larry Page loves and hates the most, courtesy of one inside source at Google.

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.