  |  | | SAN FRANCISCO (Reuters) - Intel forecast gross margins for the current quarter below expectations in a PC industry fighting a weak global economy and a shift by consumers toward tablets and smartphones. | |  |   |  | | (Reuters) - IBM reported third-quarter revenue of $24.7 billion and net earnings of $3.9 billion as demand for its software services and tight cost management offset the effect of a stronger dollar on the technology and consulting company. | |  | |  |  | | SAN FRANCISCO (Reuters) - Apple Inc on Tuesday invited members of the media to an event next week where it is expected to challenge rivals Amazon.com Inc and Google Inc with a less expensive and smaller version of its popular iPad tablet. | |  | | | (Reuters) - A123 Systems, which had received a $249 million grant from the U.S. government, filed for Chapter 11 bankruptcy protection on Tuesday, giving Republicans fresh ammunition to attack the Obama administration's subsidies for green energy. | |  | |   |  | | PARIS (Reuters) - Google has four months to make its privacy policy comply with requests from European Union data protection watchdogs or start facing the possibility of disciplinary action at a national level. | |  | |   |  | | SEATTLE (Reuters) - Microsoft Corp is setting the price of its new Surface tablet below comparable versions of Apple Inc's iPad, signaling its intent to grab a slice of the booming tablet market. | |  | |   |  | | (Reuters) - Japan's Panasonic Corp will cut production of LCD and plasma panels for televisions in 2013 as sales continue to remain below expectations, the Nikkei said. | |  | |   |  | | NEW YORK/SAN FRANCISCO (Reuters) - It's this year's biggest technology acquisition and the largest outbound deal in Japan's history. But game-changing, it is not. | |  |   |  | | MADRID (Reuters) - Telefonica hopes to raise around 1.5 billion euros ($2 billion) by selling part of its O2-branded German subsidiary on the stock market. | |  | | SAN FRANCISCO (Reuters) - Advanced Micro Devices Inc could cut up to a fifth of its staff of nearly 12,000, following a warning from the chipmaker this week that its quarterly revenue would fall due to a weak global economy, a source familiar with the matter said on Friday. | |  | |  |  |  | A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. 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