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October, 24, 2016

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Indian software giant Infosys cut its annual earnings outlook for the second time in just three months Friday, sending shares down almost 3 percent, as cautious clients rein in spending.
A Chicago disability rights group sued Uber Thursday over wheelchair accessibility, arguing that the mobile ride-hailing company's adherence to federal disability laws "ranges from token to non-existent" despite its expanding role in the nation's transportation system.
Taiwan-based Hon Hai Precision Industry Co. (鴻海), the world's largest contract electronics maker, has teamed up with Japanese home appliance giant Sharp Corp. and China's leading e-commerce operator, Alibaba Group (阿里巴巴), to develop internet TV, according to Hon Hai Chairman Terry Gou (郭台銘).
Samsung sees further $3bn profit hit from Note 7 crisis
Samsung on Friday said the crisis over its exploding Note 7 smartphones would cost another $3 billion-plus in lost profit over the next two quarters, but hoped expanded sales of its other flagship handset would help cushion the impact.
Swaps or cash: Final choice for Samsung Galaxy Note 7 owners
South Koreans returned their discontinued Samsung Note 7 smartphones Thursday, with the beleaguered electronics giant offering swap incentives in the hope of retaining customer loyalty after a damaging recall fiasco.
Wells Fargo CEO out as bank grapples with sales scandal
Wells Fargo's embattled CEO John Stumpf is stepping down as the nation's second-largest bank is roiled by a scandal over its sales practices.
Google and Facebook on Wednesday announced plans to work with a China Soft Power Holdings subsidiary to connect Los Angeles and Hong Kong with a high-capacity internet cable.
Toyota Motor Corp. is recalling 340,000 gas-electric hybrid Prius cars around the world 212,000 of them in Japan and 94,000 in North America, for a defect in their parking brakes.
Shares in Hong Kong flag carrier Cathay Pacific plunged as much as 5 percent Thursday after it scrapped its profit outlook for the second half of the year, citing competition and overcapacity.
Uniqlo operator Fast Retailing backed off its chairman's ambitious revenue goal Thursday and targeted a more "realistic" figure, as it reported fiscal year net profit more than halved.
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