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  • July 9- Sandwich chain Potbelly Corp estimated second-quarter revenue and profit below analysts expectations, hurt by lower-than-expected comparable store sales and higher expenses, mostly for advertisements. The company estimated adjusted attributable net income of 6 cents per share on revenue of $83.6 million for the quarter.

  • WASHINGTON, July 9- IBM announced on Wednesday it will invest $3 billion over the next five years in chip research and development in hopes of finding a game-changing breakthrough that can help revive its slumping hardware unit. IBM announced the plan a week before its widely anticipated second quarter earnings.

  • SAN FRANCISCO, July 9- Braintree, the payments gateway owned by eBay Inc, is trying to remove a hurdle for e-commerce companies by making it easier for customers to pay for products on their smart phones.

  • July 9- Struggling apparel and accessories retailer American Apparel Inc said it has reached a deal with hedge fund Standard General LP and founder Dov Charney to remake its board and bolster finances.

  • WASHINGTON, July 9- An oil industry lobbying group on Wednesday unveiled voluntary standards aimed at tamping down concerns about the oil and gas production process known as horizontal drilling, or fracking, in communities around the United States.

  • JAKARTA, July 10- Indonesia's stock market is expected to come under pressure on Thursday after both presidential candidates claimed victory in a tightly fought election.

  • July 9- American Airlines Group, Southwest Airlines and United Continental Holdings on Wednesday cited growth in an important revenue measure during the second quarter, signaling that demand for air travel is solid during the summer.

  • Slim's Mexico telecoms sale opens doors to competitors Wednesday, 9 Jul 2014 | 5:11 PM ET

    MEXICO CITY, July 9- Mexican tycoon Carlos Slim's plan to divest a chunk of his most valuable asset, phone company America Movil, could open Mexico's telecoms market as never before to rivals.

  • PARIS, July 9- Airbus is sprinting to line up preliminary orders for a revamped version of its A330 jet and is on stand-by to make an announcement as early as next week's Farnborough Airshow, but no decision has been taken, people familiar with the matter said.

  • BRUSSELS, July 9- The chief executive of Bell Helicopter said on Wednesday he was confident that the company's concept for the U.S. Army's next-generation helicopter would be selected for flight testing in an eagerly awaited decision expected within the next month.

  • YAMAKIYA, Japan, July 10- A Japanese court is due to rule next month on a claim that Tokyo Electric Power is responsible for a woman's suicide, in a landmark case that could force the utility to publicly admit culpability for deaths related to the Fukushima nuclear disaster.

  • First budget test of India Modi's reform mettle Wednesday, 9 Jul 2014 | 5:00 PM ET

    NEW DELHI, July 10- India's Prime Minister Narendra Modi faces the first major test of his reform credentials on Thursday, when his fresh-faced government presents its maiden budget amid early doubts about his willingness to make unpopular decisions.

  • MEXICO CITY, July 9- Carlos Slim's telecommunications company, America Movil, will shed assets to avoid tough new telephone and TV regulations imposed by Mexico's Congress on Wednesday.

  • SECURITY COUNCIL TO MEET AT 10 A.M. THURSDAY ON ISRAEL, PALESTINIAN HOSTILITIES- DIPLOMATS.

  • SAN FRANCISCO, July 9- Zynga Inc has appointed Regina Dugan, a vice president of engineering at Google, to its board, the online gaming company said on Wednesday. In a blog post, Zynga Chief Executive Officer Don Mattrick said that Dugan's expertise would help Zynga offer "next generation entertainment experiences that span categories, platforms and devices."

  • Bank of America has discussed paying about $12 billion to settle the probes, including a portion to help struggling homeowners, while the Justice Department had suggested a $17 billion settlement, sources said.

  • Zynga names Google executive to board of directors Wednesday, 9 Jul 2014 | 4:32 PM ET

    SAN FRANCISCO, July 9- Zynga Inc has appointed Regina Dugan, a vice president of engineering at Google, to its board, the online gaming company said on Wednesday. In a blog post, Zynga Chief Executive Officer Don Mattrick said that Dugan's expertise would help Zynga offer "next generation entertainment experiences that span categories, platforms and devices."

  • *Alcoa earnings top expectations; shares at highest since July 2011. NEW YORK, July 9- U.S. stocks finished higher on Wednesday, rebounding from a sharp two-day selloff, after minutes from the last Federal Reserve meeting showed policymakers have started to detail how the central bank will end its easy monetary policy.

  • SAFT ON WEALTH-Crumbs today, jam tomorrow? Wednesday, 9 Jul 2014 | 4:30 PM ET

    That is the message from the demise of cupcake company Crumbs Bake Shop, a seller of cupcakes each of which averaged about one fourth of your daily caloric needs.

  • LONDON, July 9- The London Metal Exchange and technology firm Autilla teamed up on Wednesday to launch a last-minute bid to run the new global silver price benchmark in the closely fought contest to replace the 117- year old London "fix."