Business

Espoo, Helinski, January 22 -- Finland-based Nokia Corporation has introduced a new and free premium version of its Ovi Maps application in its smartphones that will toughen the competition for its contemporaries in the GPS market.

New York, January 22 -- Air America, a long suffering radio network, has finally ceased operations and will file for Chapter 7 bankruptcy in order to wind down its business.

Jinan, China -- Heavy ice off the coast of northeastern China this winter has crippled the region's fishing industry, officials said Thursday.

Brussels -- Spanish Prime Minister Jose Louis Rodriguez said the European Union required a "fundamental" initiative to begin producing electric cars.

Washington -- U.S. crude oil inventories fell by 0.4 million barrels in the week ending Jan. 15, the U.S. Energy Information Administration said Thursday.

London -- A British newspaper said Cadbury Chief Executive Officer Todd Stitzer will earn $19 million when Kraft Foods Inc. buys the company.

New York -- A privately owned North Carolina software company earned the top spot in Fortune Magazine's ranking of the nation's Top 100 employers for 2010.

Dearborn, Mich. -- A United Auto Workers local president said few Ford Motor Co. workers have accepted the Dearborn, Mich., company's latest job buyout offer.

New York -- Air America, the left-leaning talk radio network, will file for bankruptcy protection and cease broadcasting, Chairman Charlie Kireker said Thursday.