NEW YORK (Reuters) - Bristol-Myers Squibb Co said on Wednesday earnings will grow at least 15 percent annually through 2010, helped by a major restructuring that will eliminate 10 percent of its work force and close more than half its factories over the next three years.

  WASHINGTON (Reuters) - President George W. Bush is expected to outline on Thursday a plan to freeze mortgage rates for five years for many U.S. homeowners facing sharp increases in their monthly payments, industry sources said on Wednesday.

  NEW YORK (Reuters) - Major U.S. stock indexes rose more than 1 percent on Wednesday, after strong economic data calmed recession fears and helped halt a two-day sell-off.

  NEW YORK (Reuters) - Companies added staff at the fastest pace in a year in November and third-quarter worker productivity rose at the strongest rate in four years, according to data on Wednesday that lifted some recent economic gloom.

  ABU DHABI (Reuters) - OPEC on Wednesday decided against an increase in exports, rebuffing consumer country calls for more crude to rein in $90-a-barrel oil.

  NEW YORK (Reuters) - New York state prosecutors have sent subpoenas to Wall Street firms seeking information related to the packaging and selling of debt tied to high-risk mortgages, a person familiar with the matter said on Wednesday.

  NEW YORK (Reuters) - Comcast Corp , the largest U.S. cable television operator, said on Wednesday it expects to lose video customers in 2008 as competitive and economic pressure mounts, and its shares fell more than 10 percent.

  AMSTERDAM (Reuters) - Video recording on cellphones is set to reach high definition (HD) quality in a few years' time, an executive at the world's top cellphone maker Nokia said on Wednesday.

  HOUSTON (Reuters) - Independent western U.S. refiner Tesoro Corp's board of directors adopted a poison pill after investor Kirk Kerkorian's Trancida Corp rejected a deal that would have limited Tracinda's percentage of Tesoro's shares, said Tesoro Chairman and Chief Executive Bruce Smith.

  NEW YORK (Reuters) - The Federal Reserve could be forced to lower interest rates below 3 percent to avoid a recession, Bill Gross, the manager of the world's biggest bond fund, said on Wednesday.