Tyco Electronics reports $1.37 billion loss
NEW YORK (Reuters) - Tyco Electronics Ltd. reported a large net loss in its initial quarterly results as a stand-alone company on Wednesday, reflecting the settlement of lawsuits against former parent Tyco International Ltd. and other costs.
Vodafone says to keep Verizon stake
LONDON (Reuters) - Cell phone giant Vodafone Group Plc said on Wednesday it had decided not to sell part of its 45 percent stake in fast-growing U.S. cell phone joint venture Verizon Wireless.
Toll Brothers expects lower home-building revenue
NEW YORK (Reuters) - Luxury home builder Toll Brothers Inc said on Wednesday that it expected to report a decline in quarterly home-building revenue as the U.S. housing crisis deepened.
Warner Music may look to go private: paper
NEW YORK (Reuters) - Warner Music , bruised by the steady decline in CD sales, is mulling the possibility of going private, the New York Post said on Wednesday.
Lenovo chases Packard Bell
HONG KONG (Reuters) - Lenovo Group Ltd. , the world's No. 3 maker of personal computers, wants to take over a mid-tier PC manufacturer valued at about $800 million to bolster a barely profitable European arm.
Wall St. seen higher on Cisco, Fed boost
NEW YORK (Reuters) - U.S. stocks headed for a higher open on Wednesday as investors drew strength from Cisco Systems Inc.'s stronger-than-expected profit and reassurance from the Federal Reserve that the housing slump won't stall economic growth.
Sprint quarterly profit falls but beats Street
NEW YORK (Reuters) - Sprint Nextel Corp posted a lower quarterly profit on Wednesday but beat Wall Street expectations as the No. 3 U.S. mobile phone service added customers, sending its shares up more than 3 percent.
Pepsi Bottling to combine units, cut some 700 jobs
NEW YORK (Reuters) - Pepsi Bottling Group Inc. said on Wednesday that it would combine some field operations in the United States and Canada and realign its work force to improve productivity, cutting up to 700 jobs.
Bausch & Lomb posts quarterly profit
NEW YORK (Reuters) - Eye-care company Bausch & Lomb Inc. on Wednesday posted a second-quarter profit of $15 million, reversing a year-earlier net loss of $15.1 million.
Nokia exits chips, outsources modem technology
HELSINKI (Reuters) - Nokia will outsource development of third-generation (3G) chips to STMicroelectronics and license out its modem technology, it said on Wednesday, widening its supplier base and opening up the market.
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