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  • SAN FRANCISCO, July 22- Apple Inc posted a smaller-than-expected 6 percent rise in quarterly revenue on Tuesday, but revenue surged 28 percent in greater China despite intense competition in its third-largest market.

  • TIANJIN, China, July 23- China is readying an assault on the "fortress economies" of local governments by creating a super region around Beijing, with proposals that sources suggest will be more aggressive than so far has been publicly revealed.

  • *Beijing trying to end years of support for bloated sector's such as steel. TANGSHAN, China, July 23- In Tangshan, a polluted industrial Chinese city that produces more steel a year than the entire United States, the Xinming Steel Pipe Plant shut earlier this month leaving more than 400 workers and a host of creditors unpaid.

  • *Chipotle rallies a day after results, Netflix slides. Netflix Inc, one of the market's biggest trading favorites over the past few years, reported a quarterly profit that more than doubled on Monday after the market closed. However, on Tuesday, Netflix shares fell 4.6 percent to $431.09 as the company's plans to expand in Europe were seen as eroding profits.

  • UPDATE 1-Apple revenue lags Street forecasts Tuesday, 22 Jul 2014 | 4:42 PM ET

    SAN FRANCISCO, July 22- Apple Inc posted a smaller-than-expected 6 percent rise in quarterly revenue on Tuesday, after selling 35.2 million iPhones in an increasingly competitive smartphone market. Shares in Apple held steady at $94.72 on Nasdaq after the news.

  • Apple revenue lags Street forecasts Tuesday, 22 Jul 2014 | 4:32 PM ET

    SAN FRANCISCO, July 22- Apple Inc posted a worse-than-expected 6 percent rise in quarterly revenue on Tuesday, after selling 35.2 million iPhones into an increasingly competitive smartphone market.

  • SEATTLE, July 22- Microsoft Corp said on Tuesday its fiscal fourth-quarter revenue rose, beating Wall Street expectations, but its profit fell 7 percent, partly due to the effect of incorporating the handset business of Nokia.

  • July 22- McDonald's Corp feels "a bit deceived" by the audit it received for Shanghai Husi Food Co Ltd, a China supplier that was shut down this week after a TV report showed workers mishandling meat, Chief Executive Don Thompson said on Tuesday.

  • SAN FRANCISCO, July 22- Video game publisher Electronic Arts Inc reported better-than-expected revenue and profit for the first quarter, driven by robust sales of titles such as "Titanfall," digital sales and cost control.

  • NEW YORK, July 22- The government will call Mark Zuckerberg to testify against an upstate New York man accused of trying to cheat the billionaire founder of Facebook Inc out of half his stake in the social media company, a federal prosecutor said on Tuesday.

  • Juniper revenue rises on higher telecom spend Tuesday, 22 Jul 2014 | 4:15 PM ET

    July 22- Network gear maker Juniper Networks Inc reported a 7 percent rise in quarterly revenue, helped by higher spending by telecom carriers to ramp up networks. Net income rose to $190.3 million, or 40 cents per share, in the second quarter ended June 30, from $142.6 million, or 29 cents per share, a year earlier. Revenue rose to $1.23 billion from $1.15 billion.

  • NEW YORK, July 22- A New York state judge has thrown out a lawsuit in which longtime investors in the Empire State Building claimed they were shortchanged out of hundreds of millions of dollars by the real estate magnates who took the iconic skyscraper public last October.

  • SEATTLE, July 22- Microsoft Corp said on Tuesday its fiscal fourth-quarter revenue rose, but its profit fell, partly due to the effect of incorporating the handset business of Nokia, which it acquired in April.

  • SAN FRANCISCO, July 22- Video game publisher Electronic Arts Inc reported higher revenue and profit for the first quarter, driven by robust sales of its "Titanfall" game, digital sales and cost control. For the three months ended June 30, the company posted non-GAAP revenue of $775 million, compared with $495 million a year ago.

  • There was also some safe-haven buying in the afternoon, boosting bond prices, in connection with tensions in the Middle East after the Federal Aviation Administration advised U.S. airlines not to fly to Tel Aviv in Israel.

  • UPDATE 8-Oil slips as supplies flow despite conflicts Tuesday, 22 Jul 2014 | 4:09 PM ET

    NEW YORK, July 22- Brent and U.S. crude settled lower after a choppy trading session on Tuesday as oil supplies remained unaffected by continuing violence in Iraq, Ukraine and Gaza. The European Union threatened Russia on Tuesday with harsher sanctions over Ukraine that could inflict wider damage on its economy following the downing of a Malaysian airliner.

  • NEW YORK, July 22- U.S. stocks rose on Tuesday as some positive earnings and economic data pointed to a market that still had room to rise despite the S&P 500 hitting an intraday record high. The Dow Jones industrial average rose 61.81 points or 0.36 percent, to finish unofficially at 17,113.54.

  • *Rioforte owes Banco Espirito Santo 220 million euros. The announcement from Rioforte came less than an hour after Banco Espirito Santo, which the family founded, said that two heavyweight U.S. investors had taken a combined stake of almost 5 percent in BES.

  • *Fresh clashes in Tripoli and Benghazi. BENGHAZI, Libya, July 22- A twin suicide bombing at a Libyan army base in Benghazi killed at least four solders in an escalation of clashes between Islamist militants and regular forces battling to oust them from the eastern city. Suicide bombings are rare in Libya, where a fragile government is struggling to impose order.

  • ISTANBUL, July 22- A Turkish Airlines plane flying from Istanbul to Tel Aviv turned back on Tuesday as the company halted flights there for 24 hours due to security reasons, company spokesman Ali Genc told Reuters.