CHINA

From thousands of miles away, Chinese military is believed to have hacked American satellites between 2007 and 2008.

The head of Europe's bailout fund sought financial support from China on Friday to help resolve the bloc's debt crisis, saying that while no quick deal was in sight he was still confident Beijing would keep buying bonds issued by his fund.

Stocks were set for a lower open on Friday as investors looked to book profits a day after a powerful rally that propelled the S&P to close above its 200-day moving average for the first time since August.

The head of Europe's 440 billion euro bailout fund played down hopes of a quick deal with China to throw its support behind efforts to resolve the bloc's debt crisis but said he expects Beijing to continue to buy bonds issued by the fund.

China, which has about $3 trillion in reserves, would likely want strong guarantees in exchange for any contributions it makes to save Europe.

European shares extended the previous session's rally Friday, with investors still buoyant over a deal struck by euro zone leaders early Thursday to help end the bloc's two-year-old debt crisis.

German sports car maker Porsche AG sees its operating profit rising by more than 10 percent this year after demand for luxury cars in China boosted earnings in the first nine months.

The top after market NYSE gainers on Thursday were: Advanced Micro Devices, E-Commerce China Dangdang, Cliffs Natural Resources, Cemex, Agilent Technologies, Bankrate, Quantum Corp, Renren, GAIN Capital Holdings and Box Ships Inc.

Google Inc. and Samsung unveiled the Galaxy Nexus phone running on Ice Cream Sandwich, the newest version of Android, at an event in Hong Kong on Oct. 18. The Galaxy Nexus, which will hit the stores in November, is expected to give stiff competition to Apple Inc.'s iPhone 4S.

The head of Europe's bailout fund said Friday he does not expect to reach a conclusive deal with Chinese leaders during a visit to Beijing but expects the surplus-rich country to continue buying bonds issued by the fund.

Amazon.com Inc. is in talks with Chinese regulators to bring in its popular e-reader Kindle and its recently announced tablet Kindle Fire, local media reported quoting an Amazon executive.

Taiwan's Acer Inc. expects fourth quarter sales to fall as much as 10 percent from the previous three months and will raise prices as flooding in Thailand disrupts supplies of hard disk drives for PCs.

Amazon.com Inc is in talks with Chinese regulators to bring in its popular e-reader Kindle and its recently announced tablet Kindle Fire, local media reported quoting an Amazon executive.

Taiwan's Acer Inc expects fourth quarter sales to fall as much as 10 percent from the previous three months and will raise prices as flooding in Thailand disrupts supplies of hard disk drives for PCs.

The head of Europe's bailout fund said Friday he does not expect to reach a conclusive deal with Chinese leaders during a visit to Beijing but expects the surplus-rich country to continue buying bonds issued by the fund.

Global stocks headed for their best week in over two years Friday, bolstered by EU leaders' efforts to contain the euro zone debt crisis which have stoked appetite for riskier assets, while the euro held just below a seven-week high.

The head of the eurozone's bailout fund is beginning attempts to persuade China to invest in a scheme to help rescue member countries facing debt crises while Beijing has made it clear that it will demand strong guarantees on the safety of any contribution it might make.

Asian stocks headed for their best week in nearly three years after a long-awaited plan to resolve the European debt crisis sparked a huge relief rally in riskier assets, while the euro took a breather after jumping to a seven-week high.

Spot gold held steady Friday, on course for its biggest weekly rise in 33 months, after the euro zone's last-minute deal on containing the debt crisis cheered investors, but a rebound in the dollar may weigh on prices.

Motorola Mobility Holdings Inc's third-quarter revenue rose at a slower pace than Wall Street estimates as it shipped fewer smartphones than expected.

Relativity Media on Thursday unveiled the first film to emerge from the Chinese co-production/distribution deal it jointly announced over the summer.