News Summary: Nokia loss widens

: Nokia's net loss nearly quadrupled in the second quarter on sagging sales of smartphones, a market in which the company is struggling to regain ground lost to rivals including Apple and Samsung.

GOOD NEWS: Sales of low-end phones buoyed revenue, while shipments of the new Lumia phones, which run on Windows software and will replace the older smartphone models, were not as bad as feared.

LOST DOMINANCE: The Finnish company was the world's leading mobile phone maker for more than a decade but was overtaken by Samsung in the first quarter, according to research firm Gartner.

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