NEW YORK, Dec 12- Cisco Systems Inc on Thursday cut its longer-term revenue growth target to a range of 3 percent to 6 percent per year from its previous range of 5 percent to 7 percent.» Read More
Nokia CEO Elop to rejoin Microsoft when deal closes. HELSINKI/ SEATTLE, Sept 3- Two years after hitching its fate to Microsoft's Windows Phone software, Nokia collapsed into the arms of the U.S. software giant on Tuesday, agreeing to sell its main handset business for 5.44 billion euros.
Markit PMI slips to 53.1 in August. NEW YORK, Sept 3- Demand picked up in the U.S. manufacturing sector in August, data showed on Tuesday, which together with a report showing steady growth in China's services sector added to signs of strength in the world's two biggest economies.
Sept 3- Dell Inc said proxy advisory firms Institutional Shareholder Services, Glass Lewis and Egan Jones recommended that shareholders vote for founder Michael Dell's offer to take the company private. Last month, the PC maker agreed to Michael Dell's raised offer of $13.75 per share and a special dividend of 13 cents.
NEW YORK, Sept 3- U.S. stocks rose at the open on Tuesday after U.S. President Barack Obama opted to seek congressional authorization for military action against Syria, a move that was likely to delay any strike for at least several days.
MUMBAI/ NEW DELHI, Sept 3- Raghuram Rajan, a suave, unflappable University of Chicago economist, will step into the eye of the storm roiling India's economy on Thursday as the new governor of India's central bank and chief defender of a nose-diving rupee.
Sept 3- Drugmaker ArQule Inc said a late-stage trial of its liver cancer drug showed high incidence of low white blood cell count in patients, leading to an independent safety committee recommending the company lower the drug dose. ArQule shares fell nearly 20 percent to $2.24 on the Nasdaq in early morning trade on Tuesday.
LONDON, Sept 3- State Chilean copper producer Codelco's first-half results were a reminder of the market's historic supply challenges. Headline production from the company's own mines, excluding its holdings in the El Abra and Los Bronces operations, fell 1 percent relative to the first half of 2012.. Three of Codelco's six mines reported lower output.
DETROIT, Sept 3- U.S. safety regulators opened an investigation into two 2013 Nissan Motor Co models, the Nissan Pathfinder and Infiniti JX35, after consumers complained that the transmission cooler line connection failed, a filing showed.
NEW YORK, Sept 3- Verizon Communications Inc would not rule out international expansion even as it carries out a massive $130 billion plan to buy Vodafone Group Plc's 45 percent stake in Verizon Wireless, said Verizon Chief Executive Lowell McAdam.
Sept 3- Following is a list of global oil supply outages according to estimates from analysts at Deutsche Bank and other shipping and industry sources. Outages amount to 3.15 millions of barrels per day, about 3.5 percent of daily world oil demand of 90 million bpd.
*Saudi boosting output, but no collective OPEC action. LONDON, Sept 3- The virtual shutdown of Libya's oil industry has squeezed supply as tightly as when the International Energy Agency ordered a rare release of strategic oil reserves during the civil war in 2011..
Sept 3- U.S. snack and beverage company Kraft Foods Group Inc said Teri List-Stoll will succeed current Chief Financial Officer Timothy McLevish in the first quarter of 2014.. She was previously with Procter& Gamble Co..
Sept 3- Jeff Bezos, the founder of Amazon who shocked media watchers when he agreed to buy The Washington Post, told the struggling newspaper he will guide it using the same approach that successfully shaped his e-commerce site and turned it into the world's largest online retailer.
NEW YORK, Sept 3- U.S. manufacturing activity eased in August as output grew at the slowest pace in 10 months, but demand picked up and inventories fell, suggesting growth may soon speed up, an industry report showed on Tuesday. Financial data firm Markit said its final U.S.
NEW YORK, Sept 3- In the couple of weeks since the Academy of Our Lady in Marrero, Louisiana, began its school year, three of the 450 students have already broken their school-issued iPads. The third- well, it just "mysteriously" cracked, the teenage student told Melinda St. Germain, technology director of the Catholic school.
*Verizon falls in premarket, agrees to a deal with Vodafone. *Nokia ADRs soar in premarket on deal with Microsoft. President Barack Obama opted to seek congressional authorization for military action against Syria, a move that was likely to delay any strike for at least several days.
Sept 3- Citigroup Inc said it will sell a $4.3 billion private equity fund, known as Citi Venture Capital International, for an undisclosed price to investment firm Rohatyn Group.
SAO PAULO, Sept 3- Brazilian industrial output fell more than expected in July as capital goods production dropped, casting doubt over Brazil's ability to sustain the surprising pace of economic growth it delivered in the second quarter.
*Nokia is most shorted stock among European blue-chips. LONDON/ PARIS, Sept 3- Hedge funds betting that the collapse in Finnish telecom group Nokia's share price would continue got a rude surprise on Tuesday, and their rush to unwind their bets left the stock eyeing a record daily gain.
*Low delinquency rates encourage lending- research firm Experian. U.S. banks made 36 percent of their car loans to subprime borrowers in the second quarter, up from 34 percent a year earlier, according to data from Experian Plc, which tracks credit information as well as data on nearly 700 million vehicles in North America.