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  • Nov 26- Chinese solar panel maker ReneSola Ltd reported a surprise quarterly loss as shipments fell by more than a fifth, sending the company's shares down more than 12 percent. ReneSola's peers such as Trina Solar Ltd and Yingli Green Energy Holding Co Ltd also cut their shipment forecasts this week as their focus on lower-priced markets such as China was...

  • Nov 26- Deere& Co forecast a drop in equipment sales in the current quarter as lower grain prices discourage farmers from buying tractors, harvesters and other agricultural machinery. Corn prices have fallen about 11 percent this year, on top of a decline of nearly 40 percent last year. Net income attributable to Deere fell to $649.2 million, or $1.83 per share, in...

  • Nov 26- Deere& Co, the world's largest farm equipment maker, said it expected a drop in equipment sales in the current quarter, hurt by lower corn prices and falling farm incomes. The company, which also makes construction equipment, said it expects its overall machinery sales to fall about 21 percent in the quarter ending Jan. 31. Deere's shares fell 4 percent to...

  • LONDON, Nov 26- The impact of sub- $80 oil prices rippled across energy-exporting emerging markets on Wednesday, with investors betting other countries will have to follow Nigeria in devaluing their currencies. Brent crude remained firmly below $80 per barrel and around a third lower from June levels after Saudi Arabia signaled it was unlikely to push for a...

  • ReneSola revenue falls on lower shipments Wednesday, 26 Nov 2014 | 6:32 AM ET

    Nov 26- Chinese solar panel maker ReneSola Ltd reported an 11 percent drop in quarterly revenue, hurt by a 22 percent drop in shipments. Revenue fell to $372.5 million in the third quarter ended Sept. 30 from $419.3 million a year earlier. Total solar products shipments fell to 663.8 megawatts from 851 MW.

  • BANGALORE, Nov 26- India economic growth probably slowed to 5.1 percent in the July-September quarter from a year ago, but economists polled by Reuters doubted whether that would be enough to persuade the central bank to cut interest rates just yet. Clamours for the Reserve Bank of India to ease policy have grown louder in recent weeks. Upasna Bhardwaj, economist...

  • India's state-owned bank to launch Islamic fund Wednesday, 26 Nov 2014 | 2:24 AM ET

    NEW DELHI— India's largest state-owned bank will launch an Islamic equity fund next month aimed mainly at attracting investments from the country's 170 million Muslims.The Securities and Exchange Board of India, the country's capital markets regulator, recently allowed the government-owned State Bank of India and three mutual funds to launch Shariah...

  • South Asian leaders don't sign expected agreements Wednesday, 26 Nov 2014 | 1:36 AM ET

    KATMANDU, Nepal— South Asian leaders, including from rivals India and Pakistan, gathered in Nepal's capital Wednesday to boost cooperation in trade and energy and seek greater peace in the region, home to more than a fifth of the world's population. The South Asian Association for Regional Cooperation summit, the first since 2011, is meant as a forum to discuss...

  • Nov 25- Discover Financial Services Inc sued Visa Inc on Tuesday, alleging the world's largest cards company has been using anti-competitive practices in its debit card business, and sought compensation for lost profit, court documents showed. Discover, through its Pulse Network LLC unit, alleges that "in order to maintain its monopoly, Visa has undertaken a...

  • Nov 25- Discover Financial Services Inc sued Visa Inc on Tuesday, alleging the world's largest cards company has been using anti-competetive practices in its debit card business, and sought compensation for lost profit, court documents showed. Discover, through its Pulse Network LLC unit, alleges that "in order to maintain its monopoly, Visa has undertaken a...

  • CBS, Dish extend deadline to negotiate new contract Tuesday, 25 Nov 2014 | 8:23 PM ET

    Nov 25- CBS Corp and satellite operator Dish Network avoided a blackout of CBS TV shows and its heavily watched Thanksgiving Day NFL game as the two sides agreed to extend the deadline into next week in order to hash out the details of a new contract. On Nov. 21, Dish Network Corp and Time Warner Inc's Turner Broadcasting unit "mutually decided" to restore CNN, the...

  • Carl Icahn raises stake in car rental company Hertz Tuesday, 25 Nov 2014 | 7:01 PM ET
    Carl Icahn

    Activist investor Carl Icahn raised his stake in U.S. car rental company Hertz Global Holdings Inc to 10.77 percent from 8.48 percent.

  • Carl Icahn raises stake in car rental company Hertz Tuesday, 25 Nov 2014 | 6:44 PM ET

    The billionaire was already Hertz's largest shareholder and in the past few months had successfully pushed for management changes and won board seats on the company. Earlier this month, Icahn-backed John Tague was named as Hertz's chief executive, fending off a challenge from Dollar Thrifty CEO Scott Thomson, who was backed by Jana Partners, the company's...

  • Nov 25- The U.S. Justice Department is investigating allegations that an employee of HSBC Holdings Plc leaked confidential client information to a major hedge fund, the Wall Street Journal reported, citing people with knowledge of the matter. The alleged leak is believed to have taken place in March 2010, when HSBC was advising British insurer Prudential Plc on...

  • Nov 25- Twitter Inc is in talks to buy Shots, a selfie photo-sharing app, CNBC reported, citing a source close to the Justin Bieber-backed company. The microblogging website is particularly interested in the app's more than 3 million users, nearly two-thirds of whom are women under 24, CNBC said. A Twitter spokesperson said the company does not comment on rumor and...

  • Nov 25- Hewlett-Packard Co said its quarterly revenue fell in almost every business segment over the year, calling into question its plans to jumpstart growth by splitting off enterprise services from its traditional computer and printing units next year. Profit declined 5.7 percent to $1.33 billion, or 70 cents a share, compared with 73 cents a share a year ago.

  • Nimble Storage's quarterly revenue rises 77 pct Tuesday, 25 Nov 2014 | 4:25 PM ET

    Nov 25- Data storage maker Nimble Storage Inc reported a 77 percent rise in quarterly revenue as it added more customers. Net loss attributable to common stockholders fell to $28.4 million, or 39 cents per share, in the third quarter ended Oct. 31, from $10.1 million, or 48 cents per share, a year earlier. Revenue rose to $59.1 million from $33.4 million.

  • Nov 25- Hewlett-Packard Co reported a 2.5 percent drop in quarterly revenue, hurt by weak sales to enterprise customers. Revenue fell to $28.41 billion in the fourth quarter ended Oct. 31 from $29.13 billion a year earlier. Net income fell to $1.33 billion, or 70 cents per share, from 1.41 billion, or 73 cents per share, a year earlier.

  • Nov 25- Digital video recorder maker TiVo Inc reported a 49 percent fall in quarterly profit, hurt by a provision for future tax bills. The company's net profit fell to $6.3 million, or 6 cents per share, for the third quarter ended Oct. 31, from $12.5 million, or 10 cents per share, a year earlier. TiVo recorded a tax provision of $7.1 million in the quarter, compared with a...

  • Weak enterprise demand hurt HP's third-quarter revenue Tuesday, 25 Nov 2014 | 4:20 PM ET

    Nov 25- Hewlett-Packard Co reported a 2.5 percent drop in quarterly revenue, hurt by weak sales to enterprise customers. Revenue fell to $28.41 billion in the fourth quarter ended Oct. 31 from $29.13 billion a year earlier. Net income fell to $1.33 billion, or 70 cents per share, from 1.41 billion, or 73 cents per share, a year earlier.