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  • 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.

  • UPDATE 5-Facebook's mobile surprise allays growth fears Wednesday, 24 Oct 2012 | 1:38 AM ET

    SAN FRANCISCO, Oct 23- Facebook Inc grew mobile advertising revenue several times in the third quarter, a faster-than-expected pace that helped drive shares in the world's No. 1 social network nearly 13 percent higher.

  • UPDATE 3-Dow cutting jobs, closing plants as growth slows Wednesday, 24 Oct 2012 | 1:28 AM ET

    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. Rival DuPont slashed its earnings forecast and announced 1,500 jobs cuts.

  • SAN FRANCISCO, Oct 23- Zynga Inc laid off 5 percent of its full-time workforce and shut its Boston office on Tuesday as it embarked on a sweeping cost-cutting campaign that may eventually see the ``FarmVille'' game creator close its Japanese and British studios as well.

  • Nikkei falls, on track to snap 7-day winning streak Wednesday, 24 Oct 2012 | 1:18 AM ET

    Exporters shed after a rally propelled by a weaker yen over the past week and a half, with automakers Toyota Motor Corp and Honda Motor Co down 1.3 and 1.4 percent respectively, and construction machinery maker Komatsu Ltd slipping 2.1 percent.

  • Hong Kong shares seen weaker ahead of China flash PMI Wednesday, 24 Oct 2012 | 1:06 AM ET

    HONG KONG, Oct 24- Hong Kong shares were set to start lower on Wednesday after eight straight days of gains, and as investors wait for a preliminary survey of manufacturing activity in China due later in the day. Anhui Conch Cement, China Overseas Land& Investment, Angang Steel are among companies expected to report third-quarter earnings later in the day.

  • SAN FRANCISCO, Oct 23- The University of California must try to obtain and then disclose closely guarded information on the investment performance of venture capital funds managed by Kleiner Perkins Caufield& Byers and Sequoia Capital, a state judge said in a tentative ruling made public on Tuesday.

  • News Summary: Corning may make job cuts Wednesday, 24 Oct 2012 | 12:59 AM ET

    TRIMMING AHEAD: Glass and ceramics maker Corning Inc. said Wednesday that it will likely make some cost cuts, which may include "modest" job cuts, as it looks to support its profit in a softening economy. THE COST: The company expects to take a charge of up to $50 million in the current quarter to cover the cuts.

  • Medicines Company 3Q profit down, revenue up Wednesday, 24 Oct 2012 | 12:58 AM ET

    PARSIPPANY, N.J.-- The Medicines Company reported a steep drop in third-quarter earnings Wednesday compared with the year-ago period, when the company's results were boosted by a large income tax benefit.

  • Avista offering buyouts to 900 employees Wednesday, 24 Oct 2012 | 12:57 AM ET

    SPOKANE, Wash.-- Avista Corp. is offering more than 900 non-union workers a buyout in an effort to help the utility cut its 2013 budget by about $14 million. Avista spokesman Dan Kolbet says 919 of the utility's 1,550 employees will have until Dec. 14 to decide, and will learn by Dec. 21 if they've been chosen for the buyout.

  • TOKYO, Oct 24- U.S. crude futures steadied below $87 a barrel in early Asian trade on Wednesday as investors waited for data on China's economic health, after weak corporate earnings and forecasts pointed to a still distressed global economy.

  • Dow Chemical's shares jump on restructuring plan Wednesday, 24 Oct 2012 | 12:47 AM ET

    NEW YORK-- Shares of Dow Chemical Co. jumped Wednesday after the manufacturing giant said it will close some 20 manufacturing facilities and eliminate 2,400 jobs in an effort to cut costs in the slow global economy.

  • LOS ANGELES, Oct 23- Netflix Inc added fewer U.S. customers than Wall Street expected in the third quarter, forcing the company to roll back its year-end subscriber forecast and sending shares plunging 15 percent.

  • Bailout, layoffs: New pain ahead for EU carmakers Wednesday, 24 Oct 2012 | 12:32 AM ET

    PARIS-- The extent of the European car industry's troubles was laid bare Wednesday, when France's government tossed a financial lifeline to the continent's No. 2 automaker, Peugeot Citroen, and Ford said it would shut a plant in Belgium, cutting 9,500 jobs.

  • T. Rowe Price's 3Q profit tops Street expectations Wednesday, 24 Oct 2012 | 12:31 AM ET

    BALTIMORE-- Financial services firm T. Rowe Price Group Inc. reported a better-than-expected 25 percent increase in third-quarter profit Wednesday, buoyed by stock-market gains that resulted in a big jump in revenue from investment advisory fees.

  • *Senegal journalist sentenced to 4 years in prison Wednesday, 24 Oct 2012 | 12:31 AM ET
  • News Summary: Ford closes Belgian plant Wednesday, 24 Oct 2012 | 12:30 AM ET

    FORD RETREATS: After an extended sales slump in Europe, Ford announced the closure of its factory in in eastern Belgium _ one of its main European factories. Ford expects to lose more than $1 billion this year in Europe. HUMAN TOLL: Ford's factory in Genk Ford Genk represents more than 30 percent of the car production in Belgium.