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U.S. factories lose steam but private sector steps up hiring

WASHINGTON - Growth in U.S. factory activity slowed more than expected in September even as hiring in the private sector accelerated, signs of an uneven expansion in the U.S. economy.

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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 3:36pm EDT

Pimco Total Return Fund posts record $23.5 billion net outflow in September

- Pacific Investment Management Co suffered a record $23.5 billion of withdrawals from its flagship Pimco Total Return Fund in September, with its largest daily outflow occurring on the day of Bill Gross's surprise resignation from the firm.

6:56pm EDT

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.

5:06pm EDT

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 6:48pm EDT

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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