Semiconductor company NXP today unveiled what it claims to be the world’s first industry-standard Near Field Communications (NFC) controller, a chipset that will allow handset makers and carriers to offer mobile payments based on the European Telecommunications Standard Institute (ETSI)’s latest specifications. more

Nortel Networks’ (NYSE: NT) first-quarter financials were bleak — no surprise for a company under extended bankruptcy protection that is looking to sell itself off in chunks. What may be surprising, though, is the relative strength of the company’s optical business. more