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  • Ford poised to announce plans to close Belgian plant Wednesday, 24 Oct 2012 | 4:30 AM ET

    GENK, Belgium, Oct 24- Ford Motor Co is poised to tell unions on Wednesday that it will close its factory in the Belgian town of Genk, which employs 4,300 workers, as it tries to stem losses in Europe and match capacity to tumbling demand.

  • MELBOURNE, Oct 24- Deutsche Bank has built a 5.2 percent stake in Australian takeover target GrainCorp in recent months, a move that could pay off handsomely as the target's shares have soared and could climb even higher if rival bids appear.

  • *Report: Greece to be given 2 more years Wednesday, 24 Oct 2012 | 3:53 AM ET
  • Q3 profits plunge for Swedish truck maker Volvo Wednesday, 24 Oct 2012 | 3:50 AM ET

    STOCKHOLM-- Swedish truck maker AB Volvo has reported a sharp drop in profits for the third quarter, blaming it on an overall slowdown in demand, warning more cuts in its production rates are possible.

  • BEIJING, Oct 24- China's economy is making a slow, steady recovery from its weakest period of growth in three years, a survey of purchasing managers signalled on Thursday, with new orders and output at their highest in months.

  • Union: Ford to close Belgian plant in 2014 Wednesday, 24 Oct 2012 | 3:38 AM ET

    BRUSSELS-- A union leader said Wednesday Ford Motor Co. has decided to close one of its main factories in eastern Belgium by the end of 2014 in a move that will result in 4,500 direct job losses and 5,000 more among subcontractors.

  • Nikkei falls, set to snap 7-day winning streak Wednesday, 24 Oct 2012 | 3:21 AM ET

    *Gree and DeNa up after Facebook surprises with mobile revenue. Japanese social gaming sites DeNa and Gree also gained in heavy trade after Facebook Inc said mobile advertising revenue had roughly tripled in the third quarter, reassuring investors who had feared revenues of web-based firms would be hit by the shift to smartphones from personal computers.

  • Huawei executive urges Australia to avoid US lead Wednesday, 24 Oct 2012 | 3:14 AM ET

    CANBERRA, Australia-- The head of the Australian subsidiary of Huawei Technologies Ltd. has urged Australia not to be swayed by report from the U.S. Congress that referred to the Chinese telecommunications giant as a potential security risk.

  • UPDATE 4-Dow cutting jobs, closing plants as growth slows Wednesday, 24 Oct 2012 | 3:14 AM ET

    *Dow Chemical to cut 2,400 jobs, close 20 plants. NEW YORK, Oct 23- Dow Chemical Co, the largest chemical maker in the United States, said on Tuesday it plans to cut 5 percent of its workforce and shutter 20 plants as part of a restructuring program aimed at countering a slowing global economy.

  • SEOUL, Oct 24- South Korea's SK Hynix Inc booked a smaller-than-expected quarterly operating loss on a jump in demand for chips used in mobile devices like Apple Inc's iPad and iPhone, sending its shares up 4 percent. Those new devices will include Apple's iPad mini, a new version of the iPad and Microsoft's new Windows-based smartphones and tablets.

  • *HSBC Oct flash China manufacturing PMI signal recovery. TOKYO, Oct 24- Data suggesting a gathering economic recovery in China helped trim declines in Asian shares on Wednesday, though investors stayed risk averse due to weak corporate earnings results worldwide and enduring worries over economic slowdown.

  • SINGAPORE, Oct 24- Brent crude futures climbed towards $109 a barrel on Wednesday, snapping a six-day losing streak after economic data from China suggested a strengthening recovery in the world's No. 2 oil consumer. Brent crude had risen 46 cents to $108.71 a barrel by 0239 GMT.

  • Iran looks to Silk Road ties in time of sanctions Wednesday, 24 Oct 2012 | 2:36 AM ET

    DUBAI, United Arab Emirates-- In back-to-back Asian summits this month, Iran's president made sure to carve out special time to look east. At one gathering in Azerbaijan, Mahmoud Ahmadinejad reminded the president of Kazakhstan about the vision of a railway linking the heart of Central Asia with Iran's warm ports.

  • State officials find problems at Mass. pharmacy Wednesday, 24 Oct 2012 | 2:32 AM ET

    BOSTON-- Water from a leaking boiler collected just outside a room that was supposed to be sterile. In the meantime, Massachusetts Gov. "Those whose laboratory practices caused this outbreak should never practice pharmacy or manufacture in Massachusetts again," Patrick said.

  • Ex-Goldman executive awaits sentence from NY court Wednesday, 24 Oct 2012 | 2:27 AM ET

    NEW YORK-- A former Goldman Sachs and Procter& Gamble Co. board member convicted of insider trading will serve up to 10 years in prison if the government has its way but will face no more than community service if a judge is persuaded by defense arguments.

  • ECB's Draghi to face German lawmakers Wednesday, 24 Oct 2012 | 2:11 AM ET

    BERLIN-- European Central Bank president Mario Draghi meets German lawmakers Wednesday as he tries to win over public opinion for a controversial bond-buying plan that is designed to keep a lid on the borrowing costs of indebted countries, such as Spain and Italy.

  • Microsoft's newest weapon in China piracy fight Wednesday, 24 Oct 2012 | 2:10 AM ET

    SHANGHAI, Oct 24- In 20 years in China, Microsoft Corp hasn't had much luck. ``The fact that there is no delay and they are treating China as one of their primary markets reflects how important China is to Microsoft and I think that's evident in how they plan to launch Surface,'' said Adam Leach, a London- based analyst with technology consulting firm Ovum.

  • SAP sales rise, company boosts outlook Wednesday, 24 Oct 2012 | 1:55 AM ET

    FRANKFURT, Germany-- Business software maker SAP AG saw its third quarter profit fall from a year ago because of a large one-time gain booked then, but the company raised its sales outlook for the year and said its business in cloud computing was growing fast.

  • *China HSBC flash PMI at 3-mth high, economy ticks up Wednesday, 24 Oct 2012 | 1:52 AM ET
  • China HSBC flash PMI at 3-mth high, economy ticks up Wednesday, 24 Oct 2012 | 1:48 AM ET

    BEIJING, Oct 24- China's manufacturers saw growth shrink for a 12th successive month in October, but output at a three-month high and the most robust order books since April signal a strengthening recovery, preliminary results of a purchasing managers survey show.