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  • Oct 20- IBM Corp said it would hive off its loss-making semiconductor unit to contract-chipmaker Globalfoundries Inc to focus on cloud computing and big data analytics. IBM will pay Globalfoundries $1.5 billion in cash over the next three years to take the chip operations off its hands, the companies said in a statement on Monday. IBM took a related pre-tax...

  • Oct 20- International Business Machines Corp said it no longer expected to achieve its 2015 operating earnings target of at least $20 per share after weak client spending resulted in an unexpected fall in quarterly earnings and revenue. IBM's shares fell more than 9 percent in premarket trading. "IBM needs to find success and growth in the cloud through organic...

  • *Sees 5.6- 5.8 billion euro operating profit in 2014. FRANKFURT, Oct 20- German software maker SAP cut its 2014 operating profit forecast on Monday as customers shifted faster than expected to products delivered over the Internet, delaying when those orders can be booked as sales. SAP said it now expects 2014 operating profit, excluding some special items, of 5.6...

  • IBM plant sold, stays in Vermont Monday, 20 Oct 2014 | 7:05 AM ET

    BURLINGTON, Vt.— The plan by IBM to pay a company to take over its microelectronics operation, including its plant in Essex Junction, is good news for Vermont because the company that hopes to buy it is a leader in the computer chip manufacturing industry, Gov. The deal, announced Monday, ends months of uncertainty about the future of the IBM plant, one of Vermont's...

  • IBM 3Q disappoints as it sheds 'empty calories' Monday, 20 Oct 2014 | 6:29 AM ET

    NEW YORK— IBM disappointed investors Monday, reporting weak revenue growth again and a big charge to shed its costly chipmaking division as the tech giant tries to steer its business toward cloud computing and social-mobile services. Is it too late for IBM? Remaking itself is something IBM has done many times through its long history.

  • *Nutreco, Adidas, Havas surge on M&A activity. The market's losses were limited, however, by brisk M&A activity, boosting the shares of Nutreco, Adidas and Havas. German sportswear firm Adidas AG surged 5.6 percent after the Wall Street Journal reported that an investor group, that includes Jynwel Capital and funds affiliated with the Abu Dhabi government, was...

  • SHANGHAI, Oct 20- China shares rose on Monday on speculation of further policy easing after news that the country's central bank was set to inject funds into to several banks, while Hong Kong's market gained on positive U.S. data. The People's Bank of China is set to inject about 200 billion yuan worth of three-month loans into five or six listed banks to keep...

  • NEW YORK, Oct 17- A slowdown in stock quote updates to the trading platform of OTC Markets on Friday led brokerage watchdog the Financial Industry Regulatory Authority to halt trading for almost two hours. OTC Markets is a marketplace for about 10,000 securities, some of them foreign, that are not listed on the New York Stock Exchange or Nasdaq.

  • Obama announces plan to tighten card security Friday, 17 Oct 2014 | 11:36 AM ET

    WASHINGTON— Saying more must be done to stop data breaches affecting consumers, President Barack Obama announced on Friday a government plan to tighten security for the debit cards that transmit federal benefits like Social Security to millions of Americans. Concern is growing over the security of Americans' financial data, with an estimated 100 million...

  • LONDON, Oct 17- "In short, this is not a takeover; it is a marriage". That's how Charles Li, chief executive of Hong Kong Exchanges and Clearing, described the 1.38 billion sterling purchase of the London Metal Exchange back in 2012.. He was speaking at the LME's annual black-tie dinner at the Grosvenor House in London, conceding that it was the first time he himself, once...

  • SanDisk's shares fell 5 percent in extended trading, after the company also reported lower-than-expected revenue for the third quarter. SanDisk, a supplier of memory chips for Apple Inc's iPhones, in June bought Fusion-io Inc, a solid-state storage products maker. SanDisk forecast revenue of $1.80 billion- $1.85 billion for the fourth quarter ending...

  • Google's weakening ad revenue growth hides rising stars Thursday, 16 Oct 2014 | 8:32 PM ET

    SAN FRANCISCO, Oct 16- Google Inc's decelerating advertising business is masking the stellar growth of significant but little-noticed business components such as sales of digital music, software and mobile devices. On Thursday, Google reported weakening growth in ad volumes in the third quarter, fanning worries on Wall Street about the Internet company's...

  • SanDisk's shares fell 5 percent in extended trading, after the company also reported lower-than-expected revenue for the third quarter. SanDisk, a supplier of memory chips for Apple Inc's iPhones, bought Fusion-io to enter the high-margin solid-state drives business. SanDisk forecast revenue of $1.80 billion- $1.85 billion for the fourth quarter ending...

  • Getty fails to get injunction on Microsoft image widget Thursday, 16 Oct 2014 | 5:41 PM ET

    NEW YORK, Oct 16- Getty Images Inc has failed to convince a federal judge to halt Microsoft Corp's Bing Image Widget, which it said enabled massive copyright infringement, because the software company had already taken it down voluntarily. The multimedia photo and video agency sued Microsoft on Sept. 4 over the widget, which it said permitted the display of images...

  • FBI Director James Comey on Thursday made his strongest comments yet about encryption features built into new cell phones by Google Inc and Apple Inc, warning they could hurt law enforcement efforts to crack homicide and child exploitation cases. FBI agents are generally able to access information stored on cell phones with a court order related to a...

  • CUPERTINO, Calif., Oct 16- Apple Inc's faster, slimmer iPads come with modest improvements, such as a fingerprint sensor, but some analysts say it offers few other features to wow consumers ahead of a holiday shopping season expected to be swamped by mobile devices. At a launch event on Thursday, Chief Executive Tim Cook called Apple's new line-up, which includes a...

  • Review: Macs, mobile unite with Yosemite system Thursday, 16 Oct 2014 | 3:03 PM ET

    CUPERTINO, Calif.— If you've upgraded your iPhone or iPad to iOS 8, the new software update for Mac computers will seem familiar. The Yosemite update to Apple's OS X system, available as a free download starting Thursday, adds several features to bring the Mac in line with last month's iOS 8 update for mobile devices. Yosemite still has plenty of touches that make a...

  • *US military aerospace firm, 2 other contractors hit. AMSTERDAM, Oct 16- A surge in malware disguised as online advertisements aimed at unsuspecting web users has hit major U.S. military contractors in the past few weeks, marking a dangerous twist on a decade-old scourge for advertisers, security researchers said on Thursday. Researchers from Fairfax, Virginia-...

  • SAN FRANCISCO, Oct 16- Boston- based Battery Ventures said it hired software executive Russell Fleischer as a partner for its private-equity business amid a buyout environment that offers rich returns but hard-to-find deals. It has backed companies such as Marketo, Splunk and HighJump, which he ran until its acquisition by Accellos earlier this year.

  • Syntel misses Street 3Q forecasts Thursday, 16 Oct 2014 | 8:39 AM ET

    TROY, Mich. _ Syntel Inc. on Thursday reported profit of $61.6 million in its third quarter. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.38 per share. Syntel expects full-year earnings to be $5.60 to $5.70 per share, with revenue in the range of $908 million to $915 million.