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Nokia Plans to Slash 10K Jobs by End of 2013

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  • Description

    FBN's Tracy Byrnes breaks down afternoon market news.

  • Duration 0:55
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I'm Tracy Byrnes of the Fox Business three point Nokia shares are tumbling on -- the company slashed.

101000 job but he ended the year in efforts to -- she'd been struggling handset business.

He's on top of the 141000.

Job cuts already announced last year.

If you also close factories and research facilities and is -- to replace the heads of its mobile phone and sales group.

And mortgage rates climbing higher for the first time in seven weeks but remain near record lows.

According to Freddie Mac the rate on the thirty year mortgage now stands at three point 71%.

Rates have remained below the 4% mark since early December.

And it looks like things are really starting the foreclosure process according to the data firm realty track foreclosure starts rose 16% from the year ago.

-- after more than two years of declines.

And that's the latest from the Fox Business Network giving you the power --

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