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  • WASHINGTON, Oct 28- T-Mobile US Inc warned on Tuesday that its torrid growth rate in subscribers fueled by aggressive promotions would slow in the fourth quarter along with billings per customer. T-Mobile, which is controlled by Germany's Deutsche Telekcom, also said it expects a 2.5 percent dip in average revenue per user. You can't lose sight of the underlying...

  • Western Digital quarterly revenue rises 4 pct Tuesday, 28 Oct 2014 | 4:23 PM ET

    Oct 28- Hard-disk drive maker Western Digital Corp reported a 4 percent rise in first-quarter revenue, helped by higher demand for storage products from businesses. The company's net income fell to $423 million, or $1.76 per share, in the quarter ended Oct. 3, from $495 million, or $2.05 per share, a year earlier as sales and marketing costs rose by about 67 percent.

  • SAN FRANCISCO, Oct 28- Facebook Inc grew revenue by 59 percent in the third quarter, edging past Wall Street targets, as the online social network saw strong demand for its mobile ads. Shares of Facebook, which are roughly up 47 percent this year, were flat from their closing price of $80.77 in extended trading on Tuesday. Facebook said revenue in the three months...

  • Electronic Arts revenue rises in 2nd quarter Tuesday, 28 Oct 2014 | 4:14 PM ET

    SAN FRANCISCO, Oct 28- Video game publisher Electronic Arts Inc reported higher revenue for the second quarter on Tuesday, driven by robust digital sales and cost control.

  • Facebook Q3 revenue rises 59 percent Tuesday, 28 Oct 2014 | 4:10 PM ET

    SAN FRANCISCO, Oct 28- Facebook Inc's revenue rose 59 percent in the third quarter as the social networking service saw strong demand for its mobile ads.

  • WASHINGTON, Oct 28- U.S. officials on Tuesday urged corporate America to work with the government to fend off cyber threats and said intelligence and law enforcement authorities are working to get useful information to companies about potential attacks. The FBI has presented more than three dozen classified, sector-specific threat briefings to companies...

  • NEW YORK, Oct 28- U.S. stocks jumped 1 percent on Tuesday, with the S&P 500 ending above its 50- day moving average for the first time in about a month as strong earnings eased concerns about the outlook for corporate America.

  • WASHINGTON, Oct 28- Companies that service U.S. student loans and mortgages tricked customers into paying higher fees or engaged in other acts that violate U.S. consumer laws, the U.S. Consumer Financial Protection Bureau said in a report released on Tuesday. Some servicers also misrepresented information on borrowers' online statements or failed to provide...

  • NEW YORK, Oct 28- U.S. stocks extended gains in late trading on Tuesday, with major indexes up more than 1 percent each and the small-cap Russell 2000 index breaking above a key technical level. The Russell 2000 was up 2.6 percent, trading above its 200- day moving average for the first time since Sept. 19. At 3:35 p.m. Eastern time, the Dow Jones industrial average rose...

  • Secretary of State John Kerry said on Tuesday during a visit to Canada that he would like to make a decision soon on TransCanada Corp's Keystone XL crude oil pipeline. TransCanada has waited more than six years for the Obama administration to make a decision on the line, which would take as much as 830,000 barrels per day of Alberta tar sands crude to refineries on...

  • *Palladium technicals weak as "death cross" looms. NEW YORK/ LONDON, Oct 28- Gold prices edged higher on Tuesday as softer-than-expected U.S. consumer spending data pressured the dollar, ahead of a closely-watched Federal Reserve policy statement. "The rally after today's durable goods number is somewhat reassuring the Fed meeting this week will not have any...

  • Investment company Wealthfront raises $64 million Tuesday, 28 Oct 2014 | 3:38 PM ET

    SAN FRANCISCO, Oct 28- Wealthfront, a Palo Alto, Calif.- based investment-management service geared toward young professionals, said on Tuesday it raised $64 million to help build its business. The company wanted to buttress its financial position at a time when it expects entrenched players such as Charles Schwab Corp and Merrill Lynch to roll out similar...

  • US insurer MetLife to contest super-risky tag Monday Tuesday, 28 Oct 2014 | 3:38 PM ET

    WASHINGTON, Oct 28- MetLife will plead against being branded a super-risky financial firm at a meeting next week with regulators, a company spokesman said, as the U.S. insurer tries to escape oversight by the Federal Reserve. The Financial Stability Oversight Council, a group of the main U.S. watchdogs, last month proposed adding MetLife to a small group of...

  • JERUSALEM/ WASHINGTON, Oct 28- Israel plans to buy a second batch of Lockheed Martin's F-35 stealth fighter jets, bringing its total number on order to about 44, Israeli defense and U.S. sources said on Tuesday. Israel bought 19 F-35s for $2.75 billion in 2010, a deal that included options for up to 75 planes. Israel will benefit from various efforts under way by...

  • RIO DE JANEIRO, Oct 28- Moody's is in no "rush" to decide whether to cut Brazil's credit rating but could act quickly if it sees re-elected President Dilma Rousseff is not making significant policy changes in her second term, a senior analyst with the firm said on Tuesday. Less than two months after the ratings agency threatened to downgrade Brazil if the government...

  • NEW YORK, Oct 28- The dollar fell on Tuesday, as U.S. durable goods and home price data disappointed investors and raised worries about the economy as Federal Reserve officials began a two-day policy meeting. The greenback, while weaker against most major currencies, fared better than the Swedish crown after Sweden's central bank surprised investors by...

  • Called Shareholder Value Maximization, this is the credo finding its origins in the thinking of economist Milton Friedman, which reduces the complex competing interests and objectives of companies to one: a rising stock price. "The world's dumbest idea," investor James Montier of GMO labeled it in a talk at a CFA Institute event this month. This debate is at the...

  • NEW YORK, Oct 28- Corporate America spent part of its record $1.65 trillion cash stockpile to buy companies and their own stocks in the past three months as their confidence in the U.S. economy grew, a survey showed. They feel a bit more confident about the economy, " Jim Kaitz, president of AFP, which is based in Bethesda, Maryland said of its survey released late Monday.

  • DETROIT, Oct 28- AutoNation Inc, the largest U.S. auto retail group, has stopped selling cars equipped with Takata Corp air bags involved in a massive global recall involving more than 16 million vehicles, Chief Executive Mike Jackson said on Tuesday. While AutoNation is the largest U.S. automotive dealer group, it currently has fewer than 400 used cars equipped...

  • Oct 28- Alevo Group, which has kept its energy storage technology secret for a decade, unveiled it on Tuesday, and said it has struck deals aimed at deploying its batteries in power grids in China and Turkey. The Martigny, Switzerland- based company has yet to sign up any U.S. customers but said on Tuesday that it has reached a deal with China-ZK International Energy...