Nokia Oyj, the world’s largest mobile device manufacturing company had their debt rating cut to two steps above junk by Moody’s Investors Service. Moody’s cites the cut due to “a severe weakening” in Nokia’s market position. The senior debt rating was reduced by two steps to Baa2.

What does Nokia and Apple have in common? Both companies sent police to go after a blogger to get prototype phones back? A prototype Apple iPhone was left in a bar and a Gizmodo.com blogger bought it from the guy that found it there. Apple sent the cops after the Gizmodo editor to get the prototype back. Now the same thing is happening with Nokia after Mobile-review.com editor-in-chief Eldar Murtazin posted a detailed review of the Nokia N8.