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Dollar strengthens as the stock market slides

Submitted by Fox First at Ten on October 23rd

NEW YORK (AP) - Traders seeking safety pushed the dollar higher against most major currencies Tuesday as stocks fell sharply. The Dow Jones industrial average fell over 200 points after several companies reported weak quarterly earnings and cut their expectations for the year. DuPont, the chemical

Stocks are hammered by weak earnings reports

Submitted by Fox First at Ten on October 23rd

By The Associated Press Stocks are falling sharply on Wall Street after big-name companies reported weak quarterly earnings and lowered their forecasts for the rest of the year. The drop pushed major indexes to the lowest point since early September. The Dow Jones industrial average dropped 250

IHS: Smaller tablet sales to double with mini iPad

Submitted by Fox First at Ten on October 23rd

NEW YORK (AP) - A research group is forecasting that sales of smaller tablets will double this year with the expected announcement of a mini iPad on Tuesday. IHS iSuppli expects about 34 million smaller tablets will be sold worldwide in 2012, up from 17 million last year. IHS defines it as tablets

Stocks sink as DuPont, Xerox, 3M scare investors

Submitted by Fox First at Ten on October 23rd

By CHRISTINA REXRODEAP Business Writer NEW YORK (AP) - Nobody was expecting this round of corporate financial reports to be great. But underwhelming results - particularly revenue, which offers a read on the economy - are still rattling investors. The Dow Jones industrial average plunged

News Summary: 3M cuts full-year outlook

Submitted by Fox First at Ten on October 23rd

By The Associated Press SLUGGISH ECONOMY: 3M cut its profit projections for this year because of weak economic growth, including in China and Europe. Revenue for the year will be roughly flat. 3Q RESULTS: Matched analyst expectations. 3M said it will lay out 2013 expectations in December. WHY

3M cuts 2012 guidance, citing "economic realities'

Submitted by Fox First at Ten on October 23rd

By JOSHUA FREEDAP Business Writer MINNEAPOLIS (AP) - 3M Co. is reducing its profit expectations for this year because of what it calls "current economic realities." 3M makes everything from Post-it notes and Scotch tape to roofing granules, coatings for LCD screens, and traffic sign coatings.

Ahead of the Bell: Facebook to report 3Q results

Submitted by Fox First at Ten on October 23rd

NEW YORK (AP) - In Facebook's second quarter as a publicly traded company, the world's largest social media site is juggling the challenge of growing its advertising revenue while maintaining the loyalty of more than 1 billion users. Facebook is expected to report earnings of 11 cents per

Holiday gadgets: Windows, iPads and more this week

Submitted by Fox First at Ten on October 22nd

By ANICK JESDANUNAP Technology Writer NEW YORK (AP) - As the holiday-shopping season approaches, Microsoft and Apple have scheduled major events this week to unveil new gadgets and software. The Microsoft event Thursday will focus on Windows 8, a major update to its lucrative operating system. The

High-tech product announcements this fall

Submitted by Fox First at Ten on October 22nd

By The Associated Press It's high season for consumer electronics. Manufacturers of various gadgets are unveiling their holiday lineups. Add to that products surrounding a new version of Windows coming out Friday. Here's a recap of the announcements so far: - Sept. 4: Microsoft Corp.

Earnings Preview: Facebook posts 3Q results Tues.

Submitted by Fox First at Ten on October 22nd

NEW YORK (AP) - Facebook Inc. will report its third-quarter earnings results - the second as a public company - on Tuesday after the stock market closes. With its stock trading at roughly half of its initial public offering price, the online social networking company has been working to grow its