NEW YORK, Nov. 11, 2008 (Reuters) — Tyco International Ltd warned that fiscal-year profit would be well below Wall Street forecasts because of the economic downturn and the impact of the stronger U.S. dollar, sending the industrial conglomerate's shares down 14.6 percent. ... > full story
ZURICH, Nov. 11, 2008 (Reuters) — UBS, the world's biggest bank to the rich, said Tuesday it had given details to the United States of U.S. onshore bank accounts as part of a tax probe that is testing Swiss bank secrecy and UBS's reputation. ... > full story
NEW YORK, Nov. 11, 2008 (Reuters) — Shares of Toll Brothers fell 5.1 percent before the bell on Tuesday as the luxury home builder said it expects a 41 percent decline in fourth-quarter home-building revenue. ... > full story
BRUSSELS, Nov. 11, 2008 (Reuters) — The insurance businesses of billionaire investors Warren Buffett and Wilbur Ross are close to buying all or part of the U.S. bond insurance unit of Dexia , Belgian business daily De Tijd said on Tuesday. ... > full story
NEW YORK, Nov. 11, 2008 (Reuters) — Citigroup Inc on Monday became the latest major U.S. lender to try to help borrowers stay in their homes, launching a program it said may result in $20 billion of mortgage refinancings. ... > full story
NEW YORK, Nov. 11, 2008 (Reuters) — Shares of Goldman Sachs fell nearly 4 percent to $68.50 before the bell on Tuesday after Fox-Pitt joined a growing list of brokerages forecasting a fourth-quarter loss for the U.S. bank. ... > full story
Nov. 11, 2008 (Reuters) — Getting approval to work as a bank holding company will afford American Express Co a more stable funding mix, Oppenheimer analyst Meredith Whitney said. ... > full story
HELSINKI, Nov. 11, 2008 (Reuters) — Telecom gear vendor Nokia Siemens Networks said on Tuesday it would slash around 1,820 jobs, mostly in Finland and Germany, as it enters the last part of its 2 billion euro ($2.58 billion) cost-cutting programme. The news comes one day after Canada's Nortel said it would axe 1,300 jobs as vendors try to cope with fierce competition for new business, subdued demand and falling prices. ... > full story
MOSCOW, Nov. 11, 2008 (Reuters) — Russian arms manufacturers are experiencing cash flow problems because of the financial crisis and need help from state-controlled banks, the deputy prime minister in charge of the defense sector said Tuesday. ... > full story
Nov. 11, 2008 (Reuters) — Goldman Sachs Group Inc , which acted for the state of California in selling bonds, has urged some of its big clients to place investment bets against some of those bonds this year, the Los Angeles Times reported. ... > full story
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Nokia Siemens Mobile Plan Targets Rural African Villages Mar. 11, 2008 (CIO Magazine) — Nokia Siemens Networks is working with mobile-phone service providers in Africa to tap a potentially vast growth market by providing rural villages ...
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