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Clarification: STMicroelectronics Jobs 12.07.2007 17:26 In a July 10 story about manufacturing plant closings in Texas, Arizona and Morocco by Swiss chip maker STMicroelectronics NV, The Associated Press reported that the company was cutting 4,000 jobs.

Sector Snap: Cell Phone Makers 12.07.2007 17:26 Motorola Inc.'s second-quarter warning barely nudged the cell phone maker's shares Thursday, though rivals such as Nokia Corp. climbed along with the broader market. Sony Ericsson, a joint venture between Sweden's LM Ericsson and Japan's Sony Corp.

S&P May Cut Motorola's Long-Term Ratings 12.07.2007 15:39 Standard & Poor's Ratings Services said Thursday it may cut Motorola Inc.'s long-term ratings, after the company warned that its cell phone unit will be unprofitable until at least 2008.

Manager Works on RS Fund Turnaround 12.07.2007 15:38 It's early yet, but it looks like RS Core Equity Fund may be Mani Govil's second turnaround of a mutual fund.

Regulators OK Palm Private Equity Stake 12.07.2007 15:38 Federal antitrust regulators approved private equity firm Elevation Partners LP's $325 million purchase of a 25 percent stake in smart-phone manufacturer Palm Inc., without imposing any conditions. The deal was announced last month.

Microsoft, AQuantive Cleared in Germany 12.07.2007 15:38 Microsoft Corp. and aQuantive Inc. gained antitrust clearance from the German Federal Cartel Office regarding Microsoft's purchase of the online advertising company, according to a filing with the Securities and Exchange Commission.

Sify to Work With Microsoft India 12.07.2007 13:50 Indian Internet services provider Sify Ltd. said Thursday it will work with Microsoft Corp. to help Indians gain access to the Internet and IT services, by offering cyber cafe subscribers the use of licensed Microsoft Office software.

Nortel, T-Mobile Extend Contract 12.07.2007 13:50 Nortel Networks Corp. on Thursday said it signed a $150 million multiyear extension to a contract to provide T-Mobile USA Inc. with mobile voice and data services.

Cirrus to Buy Apex Micro for $42 Million 12.07.2007 13:49 Cirrus Logic Inc., a maker of analog and mixed-signal integrated circuits, said Thursday it agreed to acquire fellow chipmaker Apex Microtechnology for $42 million in cash. The company expects the acquisition to grow earnings in the fiscal third quarter of 2008. Apex, based in Tucson, Ariz.

Hypercom CEO Kieper to Step Down 12.07.2007 13:49 Payment technology company Hypercom Corp. said Thursday William Keiper will resign as chief executive and a member of the board of directors effective Aug. 15. The company didn't offer a reason for Keiper's departure in a press release.