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Nokia in third-quarter net loss of $125 million as sales continue to plunge

Nokia reported Tuesday a third-quarter net loss as sales at the handsets unit it is selling to Microsoft continued to plunge.

Finnish vendor shipped 8.8 million Windows-powered smartphones during quarter.

Expensive effort to revive brand yet to boost smartphone sales.

Apparel group Perry Ellis International posted an increased loss in the second quarter, with revenues up only slightly and margins down.

Elkhart, Ind.-based Skyline Corp. recently reported a net loss for its full fiscal year on a 3% decline in sales.

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