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More news on the job market today as a report from Challenger, Gray and Christmas found that March layoffs fell, with employers announcing 49, 255 job cuts last month, down 11 percent from the previous month.
FORBES: Daily Wrap
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The CEO said the company needed to shift its attitude to that of a "challenger" in the smartphone market.
WSJ: Nokia CEO Considers Big Shake-Up
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"Some of the best new businesses start in recessions because what they have really makes a difference if the market is interested in it, " Challenger said.
CNN: Segway inventor reveals 'toughest question'
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The Group's free cash flow is expected to decrease to around EUR 5 billion in 2013 (scheduled figure for 2012: around EUR 6 billion), primarily as a result of the increased capital expenditure and the systematic implementation of the Challenger strategy in the U.S. market, including the agreement with Apple.
ENGADGET: T-Mobile and Apple sign agreement to launch products in 2013
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While its product releases haven't sparked nearly the kind of fervor seen at Apple's iPhone launch events, Samsung is proving to be a formidable challenger at the top of the mobile-device market.
WSJ: IPhone-Like Hype Builds for Samsung Galaxy S IV
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On October 3, 2012, Deutsche Telekom and MetroPCS announced their intent to combine T-Mobile and MetroPCS and create the premier "Challenger" in the U.S. wireless market and the value leader for contract and no-contract service offerings.
ENGADGET: T-Mobile USA Q3 2012 earnings: Revenue drops 6 percent to $4.9 billion, profit down 15 percent
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The only practical rival that even might make a splash would be Blackberry, but even if they double their market share, it would get them to 6%, hardly a challenger.
FORBES: Can These Competitors Break Apple and Google's Stranglehold On The Mobile OS?
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Matt Rothschild, head of retail and sales operations, said in an interview that relocating has given the workforce a "start-up mentality, a challenger mind-set" in the critical U.S. market.
WSJ: Nokia Late to the Silicon Valley Party
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The tablet market - just like the smartphone market - has been subject to intense patent wars, chiefly between Apple and its key challenger Samsung.
BBC: Apple iPad 3 expected on 7 March following press event