Countrywide swings to loss

Countrywide Financial Corp, the mortgage lender being acquired by Bank of America Corp, posted a surprisingly large $893.1 mln first-quarter loss, as it took more than $3 bln of charges for write-downs

AMD launches first computer brand

Advanced Micro Devices Inc (AMD) unveiled its first computer brand, aimed at small and medium-sized businesses, with design and sales help from its major chip customers such as Dell Inc. AMD Business

Nokia unveils 3 new mid-range phone models

Nokia, the world's top cell phone maker, unveiled three new phone models on, targeting the highly competitive market for mid-priced phones. Nokia said shipments of the new phones — the Nokia 6600