Loss-making telecom equipment maker Nokia Siemens Networks set out plans to cut nearly 6,000 jobs as it consolidates five units into three and aims for acquisitions

A roundup of business and financial news breaking before the opening bell on Wall Street.

Stocks expected to move significantly in trading on Tuesday include AmerisourceBergen, Anadarko, ADM, Avis Budget, Black & Decker, Continental Airlines, Flagstar Bancorp, Ford, Hecla Mining, Marvel, Medco, Stanley Works, Teva, UBS and Viacom.

President Barack Obama today will announce grants ranging from $400 000 to $200 million for equipment designed to boost the efficiency of the nation’s electrical transmission grid.These “smart grid” grants expected to total $3.4 billion are part of the $787 billion economic stimulus package passed by Congress in February and they create opportunities for investors. Companies receiving federal grants have secured $4.7 billion in private financing boosting the total investment in the smart grid to $8.1 billion.The smart grid is designed to improve delivery of electricity when and where it’s needed and reduce flow when demand is low. A ...

European shares rise for the third straight session on Friday, with oil and gas firms some of the strongest performers.