News bites: Nokia to slash 10,000 jobs

Nokia will cut 10,000 jobs and close three facilities in Germany, Canada and Finland, The New York Times reports.

Microsoft is in talks to buy Yammer, a social network for businesses, for $1 billion, according to Bloomberg.

Facebook will allow real-time bidding for advertising, AllThingsD reports.

LightSquared reached an agreement with its lenders that will give it enough cash to operate until September 2013, Bloomberg reports.

Apple will have to defend against a lawsuit accusing it of letting advertisers secretly track mobile phone users, Reuters reports.