
Microsoft sees $3.19 bn loss on Nokia writedown
Microsoft announced a net loss of $3.19 billion in the past quarter Tuesday, blaming a hefty writedown on the smartphone business it acquired from Nokia. ... more
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United Technologies hit by Chinese building stall
Industrial giant United Technologies slashed its 2015 earnings forecast Tuesday due to the sharp slowdown in China's real estate sector and disappointing aviation parts sales. ... more
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Sun reverses decades-long decline and shows rising activity
AI model predicts harmful solar winds with unprecedented accuracy
JUNO begins decade-long mission to probe neutrino mysteries
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New $100 bn BRICS bank opens in China to challenge US-led lenders
A new $100 billion international bank dedicated to the emerging BRICS countries opened in China's commercial hub Shanghai on Tuesday, officials said, as an alternative to other multilateral lenders. ... more
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China's Spring to buy 21 Airbus planes for $2.04 bn
Chinese budget carrier Spring Airlines said it plans to buy 21 Airbus A320 planes for 12.45 billion yuan ($2.04 billion), citing growth in both international and domestic air travel. ... more
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Technip bags TAP management contract
A consortium working to diversify the European energy sector with Azeri natural gas said it picked French contractor Technip to help steer the project forward. ... more
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AAA: U.S. retail gasoline market volatile
A stable national retail average price for a gallon of gasoline is masking volatility in some U.S. sectors brought on by refinery issues, motor club AAA said. ... more
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Oil prices holding steady, though down since July
The price for West Texas Intermediate crude oil fought off $49 per barrel in early Tuesday trading despite a string of pessimistic statements from U.S. players. ... more
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