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Asia stocks hobbled by growth woes, China PMI fails to impress

TOKYO - Asian shares sagged on Thursday after a retreat on Wall Street and falling crude oil prices rekindled investor anxiety over slowing global growth, while a mixed picture on Chinese manufacturing failed to impress markets.

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AT&T revenue misses forecasts as more customers bring own phones

WASHINGTON - AT&T Inc on Wednesday reported a rise in quarterly revenue, but the increase was less than Wall Street expected as a wave of subscribers plugged into the network using pre-purchased devices. | Video

Tech, Media 22 Oct 2014

U.S. prosecutors probe Takata Corp over statements: WSJ

NEW YORK - U.S. federal prosecutors are trying to determine whether Japanese auto parts maker Takata Corp misled U.S. regulators about the number of defective air bags it sold to automakers, including Toyota Motor Corp and Honda Motor Co Ltd, The Wall Street Journal reported on Wednesday.

U.S. inflation muted in September as energy costs drop

WASHINGTON - U.S. consumer prices rose marginally in September, painting a weak inflation picture that should give the Federal Reserve ample room to keep interest rates low for a while. | Video

22 Oct 2014

Divided SEC adopts mortgage rule, decries lax lending

WASHINGTON - U.S. securities regulators adopted a rule on Wednesday designed to avert another financial crisis, but two officials dissented, saying it did not do enough to discourage banks from lending to borrowers with shaky credit and then passing the mortgage risk to investors.

Online financing, rising costs squeeze profits at China's midsize banks

SHANGHAI/HONG KONG - Squeezed between cut-throat competition from online financing firms and rising funding costs, China's midsize banks are falling out of investors' favor as they increasingly lag behind the country's top five lenders.

22 Oct 2014

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