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Asia spooked by weak global data; Tokyo stocks slide, yen up

TOKYO - Asian stocks fell on Thursday as weak global manufacturing activity and an Ebola health scare in the United States spooked world markets, sending investors scurrying to the safety of U.S. bonds, the Japanese yen and gold.

Recent Business News

Bank of America names CEO Moynihan chairman of board

- Bank of America Corp said it named Chief Executive Brian Moynihan as chairman of its board, effective immediately.

01 Oct 2014

New York Times to cut jobs as new products disappoint

- The New York Times Co said it would cut jobs, including about 7.5 percent of its newsroom positions, as advertising revenue dwindles and new digital products fail to live up to expectations.

Tech, Media 01 Oct 2014

Samsung Electronics profit seen bottoming in third quarter ahead of slow recovery

SEOUL - Samsung Electronics Co Ltd's profit is seen weakening further in the third-quarter, underscoring the downturn in its market-leading smartphone business and piling pressure on the firm to deliver a revamped product lineup.

01 Oct 2014

PayPal spawn have advanced where PayPal stood still

SAN FRANCISCO - PayPal's biggest threat as it prepares to split from eBay next year may come from former employees who back a crop of new businesses serving shoppers who increasingly prefer to pay with mobile phones rather than personal computers.

Tech, Media 01 Oct 2014

Philips Electronics loses $467 million patent verdict to Masimo

- A federal jury on Wednesday said Philips Electronics NA should pay $466.8 million to Masimo Corp for having infringed two patents for technology used to help measure blood oxygen and track pulse rates.

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