Information technology provider Infosys Technologies Ltd. on Friday said earnings in the July-September quarter rose 17 percent, but lowered its annual growth forecast on slowing demand amid the global financial crisis.

The San Diego Padres dismissed as "highly speculative" a report that owner John Moores will sell 49 percent of the team as part of a divorce settlement with wife Becky.

Imation Corp., which makes digital-storage devices, said Thursday third-quarter results will miss expectations and that the company will fall short of its full-year forecast because of cuts in information-technology spending.

The recent plunge in the market value of BlackBerry maker Research In Motion could leave the company vulnerable to a takeover from a well-capitalized buyer such as Microsoft.

Shares of Quest Software Inc. jumped Thursday after the maker of corporate software announced a stock buyback and appointed a new chief executive.

Hewlett-Packard Co. plans to create a new factory for desktop and laptop computers in the Chinese city of Chongqing, it said Thursday.

Among the earnings projection stories for Thursday, Oct. 9, from AP Financial News:

Shares of IBM jumped Thursday after the technology company's surprise announcement that it was still plenty prosperous in the third quarter despite the worsening economic climate.

How much inconvenience would you tolerate in exchange for a little magic? CNBC Contributor David Pogue on the WildCharge  mat, a new and slightly flawed way to recharge your smartphone.

An analyst cut his rating for government and defense contractor CACI International Inc. on Thursday, citing the company's recent strong valuation compared with other defense stocks and the prospect that defense spending will eventually begin to contract.

The increasingly attractive price for shares of Harris Corp., a communications and information technology company, led an analyst Thursday to upgrade the stock to "Neutral" from "Underweight."

A Wall Street analyst downgraded Internet search engine Google Inc. on Thursday, saying the company's practice of giving 10 percent of profits to charity and giving employees one day a week to work on pet projects should end amid the current economic climate.

IBM Corp. shares were up in premarket trading Thursday after the technology bellwether released preliminary third-quarter results above analyst estimates.

Taiwan Semiconductor Manufacturing Co., the world's largest contract chipmaker, said Thursday it posted a 0.5 percent year-over-year decline in September revenue amid slowing global demand.

Quest Software Inc., which makes software used to manage programs and data over networks and the Internet, on Wednesday replaced its chief executive officer and announced a new stock buyback plan.