News Digest: October 10, 2011

The following press releases and media reports about Chinese companies were carried on October 10. To view a full article or story, click on the link next to the headline.

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◙ Sinopec (HKEx: 386) to Buy Canada’s Daylight (Toronto: DAY) for C$2.2 billion (English article)

◙ China Home Prices Drop for First Time in a Year in Sept, Soufun (NYSE: SFUN) Says (English article)

◙ China Cuts Gasoline Prices for First Time This Year as Oil Costs Plunge (English article)

◙ Latest TD-LTE Trials End, China Mobile (HKEx: 941) Readies For Network Capability (Chinese article)

◙ Qihoo 360 (NYSE: QIHU) Sues Kingsoft Network Technology CEO (English article)