Investor's Business Daily - The world's No. 3 maker of mobile phones, LG Electronics, removed CEO Nam Young after record losses at its handset unit. The move occurred a week after No. 1 phone maker Nokia replaced its CEO. LG and Nokia are both losing market share due to growing competition from Apple's (NMS:AAPL) iPhone as well as Taiwan-based HTC's surge in sales of smart phones featuring Google's (NMS:GOOG) Android OS.
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