According to Reuters, UBS (UBS) will write-off $3.4 billion, another victim of the credit crunch.

Reuters writes that the Teamsters and UPS (UPS) have come to a new contract.

Reuters writes that Pfizer (PFE) faces an $8.5 billion suit over a Nigerian drug trial.

Reuters writes that Microsoft (MSFT) is going after corporate customers with a new set of services.

Reuters reports that GE (GE) sales outside the US will top domestic revenue for the first time in 2007.

The Wall Street Journal writes that Nokia (NOK) is in talks to buy navigation software company Navteq (NVT).

The Wall Street Journal writes that private equity interests are in talks to kill their buy-out of Acxiom (ACXM).

The Wall Street Journal writes that Microsoft (MSFT) will offer a free document sharing service for Office users.

The Wall Street Journal writes that share of Amazon (AMZN) and Ebay (EBAY) are up as Wall St. re-evaluates their growth prospects

The New York Times writes that many newspapers are cutting promotions and shrinking circulation in a effort to give advertisers more targeted audiences.

The FT writes that as part of the UAW contract with GM (GM), the union could end up as the car company’s largest shareholder.

The FT writes that Facebook is considering opening a number of international sites.

Barron’s writes that Cisco (CSCO) is in talks to buy WiMax base station company Alvarion (ALVR).

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