UPDATE 3-LinkedIn's revenue beat fails to connect with investors *2nd qtr loss widens to $67.7 mln from $1 mln. *Adj profit 55 cents/ shr vs est 30 cents. July 30- LinkedIn Corp, operator of the biggest social networking site for professionals, reported a better-than-expected 33 percent rise in quarterly revenue on Thursday, driven by strong growth in its business serving recruiters.
| By: Devika Krishna Kumar and Kshitiz Goliya
UPDATE 1-China's little secret: a thriving, free market in shares China this month shut the door for new initial public offers on its two main exchanges to stop more money draining out of these markets, but the freeze did not apply to the NTB, which is not a formal exchange and is aimed at professional investors. An over-the-counter market, the NTB has been a hive of new listings since the freeze in Shanghai and Shenzhen took hold,...
| By: Elzio Barreto
UPDATE 2-Brazil's Rousseff announces more education spending cuts BRASILIA/ SAO PAULO, July 30- Brazil announced another cut to education spending on Thursday, the latest step back from President Dilma Rousseff's pledge to turn the Latin American giant into an "education nation" in her second term. Brazil will reduce the amount it spends on education by 1 billion reais this year as part of a round of budget cuts announced last week,...
| By: Luciana Otoni and Asher Levine
UPDATE 1-Airbus seeks to rebuild trust as A400M systems fall short PARIS, July 30- Airbus Group has told buyer nations of the A400M transporter aircraft that it cannot deliver all of its high-tech defenses according to plan, casting a shadow over some of its military uses as Europe battles growing instability on its borders. Other core buyers include Belgium, Britain, Germany, Luxembourg, Spain and Turkey. But after years of...
| By: Tim Hepher
In rural China, shoppers go online - with a little help Cheng is just one of an army of local recruits who are part of Alibaba Group's big bet on rural e-commerce as China's internet giants invest billions in outpost service hubs to tap a market twice the size of the United States. E-commerce growth in the countryside now outpaces that in major cities, though fewer than one tenth of online purchases made on Alibaba...
| By: Sue-Lin Wong
Take a break from tech? Dan Niles, AlphaOne Capital founding partner, breaks down the play on tech amid the sector's current performance.
Spirit jet wheel ignites on landing in Dallas; no injuries GRAPEVINE, Texas- No injuries were reported after a tire on a landing gear on a Spirit Airlines jet caught fire while landing at Dallas-Fort Worth International Airport. Airline spokeswoman Paul Berry says Spirit Flight 407 was arriving shortly before 1 p.m. Thursday from a three-hour flight from Orlando, Florida, when the tire on a landing gear ignited.
Source: The Associated Press