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Business news in brief: Sunoco reduces planned increase in capacity The Philadelphia Inquirer Sunoco Inc., the largest oil refiner in the U.S. Northeast, has scaled back plans to increase its processing capacity because of higher labor and building costs. Executives of the Philadelphia-based company said in a presentation to analysts on the Internet yesterday that they expected to increase U.S. refinery capacity 30,000 barrels a day by 2008, from the current 900,000 barrels. That is down Cisco invests $50 million in China firm AP via Yahoo! News Cisco Systems Inc. announced a $50 million investment in the newly public China Communications Services Corporation Ltd., making the U.S. network-equipment maker the largest foreign investor in CCS. Wall Street Breakfast SeekingAlpha via Yahoo! Finance What you need to know before the open today. Cisco Invests $50 Million in China Firm San Francisco Chronicle Cisco Systems Inc. announced a $50 million investment in the newly public China Communications Services Corporation Ltd., making the U.S. network-equipment maker the largest foreign investor in CCS. CCS, formerly a subsidiary of the state-controlled ABOUT US Philstar.com Filipinos love to celebrate. This is most evident in how Filipinos celebrate during fiestas: the grand preparations among neighbors, the colorful buntings in the air, the raucous bands parading on the streets. Finding better ways to sleuth software holes Spokane Journal of Business Vulnerability defects in software that can allow hackers to bypass security measures have emerged as a significant threat in a society that increasingly relies on computer systems and the Internet for commerce and other uses. Cisco Invests $50 Million In Chinese Company CBS 5 Bay Area Cisco Systems Inc. announced a $50 million investment Wednesday in the newly public China Communications Services Corporation Ltd., making the U.S. network-equipment maker the largest foreign investor in CCS. Wall St. edges higher as retail sales surge Channel NewsAsia NEW YORK - Wall Street shares edged higher Wednesday after a rebound in US retail sales bolstered hopes that consumer spending will stay robust through Christmas. Market Pulse Breaking News Alert for Tuesday, Dec. 12, 2006: CPNE -- CommercePlanet's Consumer Loyalty Group Announces Market Wire via Yahoo! Finance Market Pulse News Alert for this AM, Stocks to Watch are: CommercePlanet, Inc., Microsoft Corp., ON Semiconductor Corp. and Mamma.com Inc Market indexes down across board Akron Beacon Journal The Dow industrial average was down 12.90, or 0.10 percent, at 12,315.58. Earlier in the day, it fell more than 76 points. The Standard & Poor's 500 index slipped 1.48, or 0.10 percent, to 1,411.56, and the Nasdaq composite index fell 11.26, or 0.46 percent, to 2,431.60.
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