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Norwegian software maker Opera signed a deal to take over the browser building unit of Microsoft's Nokia mobile phone unit and reported second-quarter earnings above expectations on Thursday, sending it shares sharply higher. "We have signed a strategic licensing deal with Microsoft. We are basically taking over the browser building department in Nokia," Opera Chief Executive Lars Boilsesen said. "This means that Opera Mini will become the default browser for Microsoft's feature phone product lines and the Asha phones product lines." The deal will be profitable from the start, he added.
(Reuters) - New York's Metropolitan Opera reached tentative contract agreements on Monday with unions representing its orchestra and chorus, federal mediators said, after tense negotiations that had threatened to derail the new season due to open next month. "These were difficult and highly complex negotiations, and I wish to commend the parties for their resolve in addressing multiple and complex issues," said Allison Beck, deputy director of the Federal Mediation and Conciliation Service. The agreements with Local 802 of the American Federation of Musicians, which represents the orchestra, and the American Guild of Musical Artists, which represents the chorus, were reached "after many hours of intense negotiations," Beck said. "We are grateful for their commitment to the collective bargaining process and grateful most of all that the Metropolitan Opera, one of the world's premier cultural institutions, will continue providing outstanding operas for all to enjoy," Beck said.