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  • Data-center company IO wins $90 million in venture cash Wednesday, 10 Oct 2012 | 7:01 AM ET

    SAN FRANCISCO, Oct 10- Data-center company IO has raised $90 million from venture-capital backers, the company said on Wednesday, illustrating the growing profile of enterprise-oriented investments compared to consumer companies in Silicon Valley.

  • Crowdsourcing goes to Hollywood as Amazon makes movies Wednesday, 10 Oct 2012 | 7:00 AM ET

    *Amazon has 21 movie projects, 9 TV projects in development. *Amazon to post trial videos and seek feedback. SAN FRANCISCO, Oct 10- Amazon.com Inc is producing its own movies and TV programming using the consumer tracking and data crunching skills it developed while becoming the world's largest Internet retailer.

  • Zynga down on Piper Jaffray downgrade Wednesday, 10 Oct 2012 | 12:31 AM ET

    NEW YORK-- Shares of Zynga tumbled nearly 5 percent Wednesday after Piper Jaffray predicted that a decline in revenue for social gaming companies would accelerate next year, with fewer teens showing interest. On Friday, the shares hit an all-time low of $2.21, after Zynga forecast a third-quarter loss.

  • SAN FRANCISCO Oct. 9, 2012-- Although U.S. housing finance agency profitability and loan performance have declined since 2008 because of low interest rates, equity is stable and high because of intact reserves, providing more security for these issuers' general obligation debt and some other obligations, according to a report published today on RatingsDirect on the Global Credit Portal.

  • SAN FRANCISCO Oct. 9, 2012-- U.S. housing finance agency loans and prime loans in the states where HFAs operate performed virtually the same in the second quarter of 2012, according to a report published today on RatingsDirect on the Global Credit Portal.

  • Moody's targets Calif. cities for downgrades Tuesday, 9 Oct 2012 | 8:40 PM ET

    Moody's Investors Service will scrutinize the ratings of various types of bonds in 30 California cities. "California cities operate under more rigid revenue raising constraints than cities in many other parts of the country," Eric Hoffmann, who heads Moody's California local government ratings team, said in a statement. "

  • News Summary: Wal-Mart unveils same-day delivery Tuesday, 9 Oct 2012 | 6:37 PM ET

    WAL-MART'S SAME-DAY DELIVERY SERVICE: Wal-Mart is testing a same-day delivery service in select markets for customers who buy popular items online during the holiday shopping season. THE DETAILS: Wal-Mart's tests started this month in northern Virginia and Philadelphia.

  • *Richmond outage cut Chevron's 3rd quarter 2012 output. HOUSTON, Oct 9- Chevron Corp said on Tuesday the central crude oil refining unit at its 245,000 barrel-per-day Richmond, California, refinery would remain shut for the rest of the year.

  • *Richmond outage cut Chevron's 3rd quarter 2012 output. HOUSTON, Oct 9- Chevron Corp said on Tuesday the central crude oil refining unit at its 245,000 barrel-per-day Richmond, California, refinery would remain shut for the rest of the year.

  • WASHINGTON, Oct 9- The U.S. Supreme Court on Tuesday rejected a challenge to a 2008 federal law granting immunity to phone companies for helping the government eavesdrop on private phone conversations. Phone customers alleged that AT&T Inc, Sprint Nextel Corp, Verizon Communications Inc and others violated federal and state law.

  • HOUSTON, Oct 9- Chevron Corp said on Tuesday that the central crude oil refining unit at its 245,000 barrel-per-day Richmond, California, refinery would remain shut through the rest of the year.

  • US sues Wells Fargo over FHA-insured loan defaults Tuesday, 9 Oct 2012 | 4:36 PM ET

    NEW YORK-- The federal government has sued Wells Fargo in a New York court, accusing the nation's largest mortgage lender of misrepresenting the quality of thousands of loans in order to be eligible for federal loan insurance.

  • Oct 9- Continental Resources Inc, the top oil producer in the Bakken oil region, said on Tuesday it expects to cut $1 million off the cost of its average well there by the end of 2013, as it takes on one of the biggest challenges in the booming oil basin.

  • Tension over role of service dogs for vets Tuesday, 9 Oct 2012 | 3:33 PM ET

    ALBUQUERQUE, N.M.-- Stories like Jim Stanek's are common and quickly multiplying: An Iraqi war veteran with posttraumatic stress disorder and traumatic brain injury, he says his life was saved by a dog that gave him the confidence to do seemingly simple things, like go out to dinner and look his wife in the eye rather than watch his own back.

  • SAN FRANCISCO, Oct 9- U.S. venture capital firms raised $4.98 billion dollars last quarter, the National Venture Capital Association and Thomson Reuters said on Tuesday, accelerating a trend in venture capital where funds are heading to extremes in size. Sequoia Capital raised $950 million last quarter, while GGV Capital raised $524 million.

  • SAN FRANCISCO, Oct 9- Twitter founder and Executive Chairman Jack Dorsey said on Tuesday that he trimmed his role at the microblogging service months ago as he devoted the majority of his time to Square, the payment start-up where he is chief executive.

  • Wal-Mart is testing same-day delivery for holidays Tuesday, 9 Oct 2012 | 11:20 AM ET

    NEW YORK-- Wal-Mart is testing a same-day delivery service in select markets for customers who buy popular items online during the holiday shopping season. The tests, which started this month, are taking place in northern Virginia, Philadelphia, Minneapolis and San Francisco and San Jose, Calif. About 5,000 items will be available for the same-day service.

  • WASHINGTON, Oct 9- The U.S. Supreme Court on Tuesday refused to consider a challenge to a 2008 federal law granting immunity to AT&T Inc and other telecommunications companies for helping the government eavesdrop on customers' private phone conversations.

  • Gas prices in California inch higher _ again Tuesday, 9 Oct 2012 | 11:03 AM ET

    SAN FRANCISCO-- The average price of regular gas in California has inched up to $4.671 a gallon, making it the highest in the nation for another day. AAA reported the price was higher than Monday's price of $4.668, which also was an all-time high for the state. California usually converts to the gas on Oct. 31.

  • Oct 9- Wal-Mart Stores Inc is testing same-day delivery of televisions, toys and other general merchandise bought online in a few U.S. markets as it tries to find new ways to keep up with competitors and to attract busy shoppers this holiday season.