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James Houghton returned from partial retirement on Monday to take the helm at Corning as the venerable glass company based in upstate New York continued its efforts to recover from a disastrous move into optical communications.

U.S. silicone-based products maker Dow Corning Corp will build a plant in Malaysia this year as part of a pledge made in 1998 to invest two billion ringgit ($526 million) in the country, newspapers said on Tuesday.