Chinese regulators yesterday rejected proposals by Goldman Sachs to buy a substantial minority stake in Fuyao Glass Group, China’s largest automotive glass maker.

中国监管机构昨日拒绝了高盛(Goldman Sachs)收购福耀玻璃(Fuyao Glass Group)大量少数股权的提议，福耀是中国最大的汽车玻璃制造商。

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Corning CFO Jim Flaws says the glass maker expects to see an acceleration in the TV replacement cycle.

FORBES: Corning CFO Flaws Sees LCD TV Replacement Cycle Accelerating

But the glass maker sees a difficult year ahead in 2013, and said it expects to install a cost-cutting plan that would include some job cuts.

FORBES: Corning Q3 Edges Ests; Expects To Make 'Modest' Job Cuts (Updated)

While the quarter itself was fine, the guidance the glass maker provided to the Street on the outlook for 2012 and beyond was refreshingly frank but clearly disappointing to investors.

FORBES: Update: Corning Exec Sees Slower LCD TV Growth In 2012