Camera and film company Eastman Kodak also reported sharply lower profits and outlined a restructuring which will see about 3, 500 jobs cut.

BBC: Tech warnings piling up

President Bush, along with Treasury Secretary Henry Paulson and Housing and Urban Development Secretary Alphonso Jackson, outlined other proposals Thursday that are meant to help the 2 million borrowers facing sharply rising rates on their adjustable-rate mortgages beginning next month.

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