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  • UPDATE 1-Apple's Tim Cook says "proud to be gay" Thursday, 30 Oct 2014 | 8:26 AM ET

    Oct 30- Apple Inc Chief Executive Tim Cook publicly came out as gay in an article he wrote in Bloomberg Businessweek, saying he wanted to support others who find it difficult to reveal their sexual orientation. Apple Chairman Art Levinson called Cook "courageous." "On behalf of the board and our entire company, we are incredibly proud to have Tim leading Apple.

  • LOS ANGELES, Oct 30- A push to reform Phoenix's retirement system has become the latest front in a battle between union-backed groups and a Texas hedge fund billionaire over the future of America's public pensions. Hundreds of thousands of dollars, much of it anonymous out-of-state money, has been flowing to backers of a November 4 ballot initiative in Phoenix...

  • UPDATE 1-Behind the scenes of Sanofi's boardroom bust up Wednesday, 29 Oct 2014 | 8:25 AM ET

    PARIS, Oct 29- A boardroom tussle brewing for months at Sanofi came to a head on Wednesday when France's top drugmaker fired its chief executive, wiping more billions off its share price. While the showdown played out in leaks to national newspapers has stunned investors as a "how not to do it" guide to corporate governance, the writing was on the wall in the...

  • Oct 28- Miner and oil producer Freeport-McMoRan Inc said on Tuesday it is working toward reducing its debt to a targeted $12 billion by 2016 but that weak commodity and credit markets were making it tough to get good prices for assets. The Arizona- based company has sold nearly $5 billion worth of assets this year, including oil assets in Texas and copper mines in...

  • Report reveals wider tracking of mail in US Tuesday, 28 Oct 2014 | 1:41 PM ET
    A U.S. Postal Service letter carrier prepares mail for delivery at the Brookland Post Office in Washington.

    The USPS said it approved nearly 50,000 requests last year to secretly monitor the mail of Americans, NYT reports.

  • Oct 28- Freeport-McMoRan Inc on Tuesday reported better-than expected quarterly earnings but lowered its production estimates for the full year partly on worker strife at its big copper and gold mine in Indonesia, sending its shares down more than 4 percent. "We believe the weak October production is the reason for lower annual guidance," RBC Capital Markets...

  • Freeport-McMoRan also said on Tuesday that the union leaders at its Grasberg copper mine in Indonesia, where a truck accident in late September resulted in the death of four miners, planned to conduct a 30- day strike beginning Nov. 6. Freeport-McMoRan said Indonesia had approved resumption of operations on Oct. 13 and while most operating areas had normal...

  • Oct 23- Apple Inc said on Thursday it is studying options for sapphire supply and might work again with GT Advanced Technologies Inc if the distressed supplier can reduce production costs for the scratch-resistant material. GT, a former stock market darling and supplier to Apple, filed for bankruptcy on Oct 6 in a stunning turn of events for a company whose...

  • SAN FRANCISCO, Oct 23- Apple Inc said on Thursday it would keep evaluating its former supplier GT Advanced Technologies' progress on developing sapphire production and also consider other options for its plant in Mesa, Arizona. "Apple put a lot of effort into an ambitious new sapphire manufacturing process with GTAT which is not ready for production," Apple...

  • Oct 23- GT Advanced Technologies Inc said it reached an agreement with Apple Inc under which it will stop making sapphire materials and focus on supplying equipment to make sapphire crystals. GT said it would be released from all exclusivity obligations with Apple and a mechanism would be provided for the iPhone maker to recover its $439 million pre-payment...

  • Oct 23- GT Advanced Technologies Inc said it reached an agreement with Apple Inc, under which GT will exit sapphire materials production. GT will shut down its factories in Mesa, Arizona and Salem, Massachusetts, the company said in a statement on Thursday. Under the terms of the agreement, GT will be released from all exclusivity obligations with Apple and a...

  • Big utilities pushing into booming home solar market Wednesday, 22 Oct 2014 | 7:00 AM ET

    Solar powers only half a million U.S. homes and businesses, according to solar market research firm GTM Research. In Arizona, the state's largest utility has proposed putting solar panels on 3,000 customers' homes, promising a $30 monthly break on their power bills. Residential solar grew 45 percent in the second quarter from the previous year and installations...

  • Oct 21- Apple and GT Advanced Technologies Inc struck an agreement on Tuesday that will let GT begin the shutdown of key Arizona operations, and shed some more light on why the former stock market darling abruptly filed for bankruptcy this month. A lawyer for GT, Apple's erstwhile sapphire supplier, described the deal at a hearing in U.S. Bankruptcy Court in...

  • DETROIT, Oct 21- Michigan Governor Rick Snyder signed a bill on Tuesday that will keep electric carmaker Tesla Motors Inc from selling its cars directly to consumers in the state, home to the biggest U.S. automakers. Michigan becomes the fifth U.S. state to keep Tesla from easily selling cars directly to consumers, joining Texas, New Jersey, Arizona and Maryland,...

  • Oct 21- Apple Inc and GT Advanced Technologies Inc have struck an agreement to shutter a key Arizona factory and allow the Apple supplier to explain the circumstances leading up to its abrupt bankruptcy filing, a lawyer for GT told a court on Tuesday. Scant details have emerged since GT Advanced, which was to have been a major supplier of scratch-resistant...

  • Oct 21- A lawyer for GT Advanced Technologies Inc, a specialty glass supplier of Apple Inc, told a bankruptcy court on Tuesday the company was close to a settlement with the iPhone maker over access to information. Scant details have emerged since GT Advanced filed for bankruptcy on Oct. 6, wiping out most of its market value and triggering speculation as to what may...

  • Oct 21- Apollo Education Group Inc said it expects new student enrollments at its flagship University of Phoenix to decline at a smaller rate in the coming year, offering hope that the worst is over for the beleagured U.S. for-profit education industry. Apollo's shares rose as much as 6 percent to their highest in over a month after the company said sign-ups at the...

  • SAN FRANCISCO, Oct 20- Texas Instruments Inc posted third-quarter results above expectations and its CFO said business was healthy, in contrast to recent concerns on Wall Street about a possible slowdown in chip demand. Texas Instruments' quarterly results on Monday came after Chandler, Arizona- based Microchip on Oct 9 warned of weak demand in China that would...

  • SAN FRANCISCO, Oct 20- Texas Instruments Inc posted third-quarter revenue of $3.50 billion, up 8 percent from the year-ago period, and above expectations on Wall Street following recent concerns about weak industry demand. Texas Instruments said on Monday its second-quarter net income rose 31 percent to $826 million. Texas Instruments' results came after...

  • Scant information has emerged since GT Advanced Technologies Inc filed for bankruptcy last week, wiping out most of its market value and triggering speculation about what may have soured its Apple relationship and torpedoed its prospects. GT Advanced cited strict confidentiality requirements in its Apple contracts which, if violated, carry fines of $50...