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  • 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.

  • AP source: NHL's Islanders moving to Brooklyn Wednesday, 24 Oct 2012 | 12:30 AM ET

    NEW YORK-- The NHL's New York Islanders have agreed to move to Brooklyn's Barclays Center from Long Island as early as 2015, a person familiar with the situation told The Associated Press on Wednesday. Islanders owner Charles Wang and developer Bruce Ratner were among those scheduled to be at the news conference.

  • Newfield shares drop after 3Q earnings report Wednesday, 24 Oct 2012 | 12:27 AM ET

    NEW YORK-- Shares of Newfield Exploration Co. fell Wednesday after the oil and gas company reported a third-quarter loss due to declining value of derivatives. THE SPARK: The company reported late Tuesday that it lost $33 million, or 24 cents per share, in the July-to-September period.

  • Gas gets cheaper, but still isn't cheap Wednesday, 24 Oct 2012 | 12:26 AM ET

    The national average for a gallon of gas has dropped 13 cents in the past week to $3.625. That's the biggest weekly decline since the 7- day period ended Nov. 28, 2008, according to Oil Price Information Services analyst Fred Rozell. Rozell says gas has averaged $3.65 so far this year, 10 cents above the record set in 2011..

  • GLOBAL MARKETS-Asian shares slip, focus on China data Wednesday, 24 Oct 2012 | 12:24 AM ET

    *HSBC flash China manufacturing PMI due around 0145 GMT. Asian markets will also focus on HSBC's latest report on China's manufacturing sector due around 0145 GMT, with any negative surprise likely to further hurt fragile sentiment. The MSCI index of Asia-Pacific shares outside Japan eased 0.3 percent on Wednesday.

  • UK High Court rules for women in pay suit Wednesday, 24 Oct 2012 | 12:18 AM ET

    LONDON-- Cooks, cleaners and dozens of other female workers won a key equal pay ruling at Britain's High Court on Wednesday in a case which lawyers say will effectively extend the amount of time people in this country have to file such claims.

  • Greece: We got an extension; EU: No you didn't Wednesday, 24 Oct 2012 | 12:17 AM ET

    ATHENS, Greece-- Greece's Finance Minister said the country has been granted a long-sought extension to meet the terms of its bailout program _ but the claim was swiftly shot down as "speculation" by the European Central Bank and lead lender Germany.

  • General Dynamics 3Q profit falls on higher costs Wednesday, 24 Oct 2012 | 12:13 AM ET

    FALLS CHURCH, Va.-- General Dynamics said Wednesday that its third-quarter net income fell 8 percent, as higher costs more than offset a modest revenue increase. The Falls Church, Va., aerospace and defense company earned $600 million, or $1.70 per share, down from $652 million, or $1.80 per share, in the same quarter last year.