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  • FOSTER CITY, Calif. _ Gilead Sciences Inc. on Monday reported second-quarter net income of $3.5 billion. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $3.01 per share. Six analysts surveyed by Zacks expected $7.85 billion.

  • SAN JOSE, Calif. _ GigOptix Inc. on Monday reported second-quarter profit of $85,000. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 4 cents per share. For the current quarter ending in October, GigOptix said it expects revenue in the range of $15.4 million to $15.9 million.

  • The U.S. Interior Department announced the kickoff of the pilot project Monday that uses a smartphone app and real-time wildfire information to create virtual boundaries, or geofences, that drones can't cross. "We believe this program, which uses the global positioning system to create a virtual barrier, will move us one step closer to eliminating this problem...

  • Charlie Baker is backing off his support of a plan to require online lodging services such as Airbnb to pay the same taxes as hotels and motels just days after he said levying the tax was necessary. On Thursday, Baker said during his monthly "Ask the Governor" segment on WGBH-FM that he would sign a proposal to apply the hotel tax to services such as San Francisco-...

  • Cliff Burrows, head of Starbucks' U.S.-dominated Americas business for eight years, will lead a new group called Siren Retail. John Culver, a 14- year Starbucks veteran, will become group president for global retail, with responsibility for Starbucks retail sales around the world. Culver had been group president for Starbucks China and Asia-Pacific, channel...

  • NEW YORK, July 25- A federal judge on Monday banned Uber Technologies Inc and its Chief Executive Travis Kalanick from using information from a background check on a passenger bringing a price-fixing lawsuit, saying the investigative firm conducting the probe may have engaged in criminal conduct. District Judge Jed Rakoff in Manhattan also faulted the...

  • NEW YORK, July 25- Verizon Communications Inc said on Monday it would buy Yahoo Inc's core internet properties for $4.83 billion in cash to expand its digital advertising and media business, ending a protracted sale process for the fading Web pioneer. The purchase will boost Verizon's AOL internet business, which it bought last year for $4.4 billion, as it gains...

  • IRVINE, Calif. _ Opus Bank on Monday reported second-quarter earnings of $16.1 million. Opus Bank shares have declined 1 percent since the beginning of the year. Keywords: Opus Bank, Earnings Report.

  • SAN FRANCISCO— Verizon is buying Yahoo for $4.83 billion, marking the end of an era for a company that once defined the internet. "We have enormous respect for what Yahoo has accomplished: this transaction is about unleashing Yahoo's full potential," Armstrong said in a printed statement. Most analysts expect the deal to end the four-year reign of Yahoo's Mayer, who...

  • VIENTIANE, Laos— China scored an unequivocal diplomatic victory Monday, preventing Southeast Asia's main grouping from criticizing it for territorially expanding in the South China Sea, even though some of the bloc's members are victims of Beijing's actions. Most significantly, it failed to mention a recent ruling by an international arbitration panel in a...

  • LOS ANGELES— High Times says it is "awaiting an explanation" from Lil Wayne's representatives after the rapper's performance at its Cannabis Cup event in Southern California. Wayne was billed as the headliner of the three-day event in San Bernardino, California. A publicist for the entertainer didn't immediately respond to a request for comment from The...

  • CAMARILLO, Calif.— The average price of gasoline has dropped 7 cents over the past three weeks to $2.22 a gallon for regular grade. The Lundberg Survey found the average price of midgrade unleaded is $2.51 a gallon and $2.72 for premium. The highest average price for regular gasoline in the Lower 48 is $2.83 a gallon in the San Francisco Bay Area.

  • July 24- Verizon Communications Inc will announce an agreement on Monday to buy Yahoo Inc for about $5 billion, according to a person familiar with the matter. Bloomberg first reported the deal would be announced on Monday for $4.8 billion. Started in 1994 by Stanford graduate students Jerry Yang and David Filo, Yahoo in its early years was the destination of...

  • NEW YORK— Verizon has agreed to buy online portal Yahoo Inc. for roughly $5 billion, according to multiple media reports, each citing a single unnamed source. The deal is likely to end the four-year reign of Yahoo CEO Marissa Mayer, a former Google executive who flopped in her attempts to turn around the Sunnyvale, California, company. After the sale is completed,...

  • LOS ANGELES, July 24- "Star Trek Beyond" debuted to a solid $59.6 million this weekend, signaling that after six television series, 13 movies and 50 years in the pop culture conversation, there's still life left in one of Hollywood's most durable franchises. As boon to Trekkies, Paramount took the unusual step of announcing yet another sequel was in the works even...

  • Paramount's latest outing with the Starship Enterprise soared to $59.6 million in domestic ticket sales, according to studio estimates Sunday, knocking Universal's "The Secret Life of Pets" from the No. 1 spot. "Pets" fell to second place, adding an additional $29.3 million to its stellar $260 million earnings over the past three weeks. This latest film opened $20...

  • TRUCKEE, Calif.— Once believed to have gone extinct in the Sierra Nevada, scientists believe a wolverine spotted this winter north of Lake Tahoe is the same one that in 2008 became the first documented in the area since the 1920 s. Chris Stermer, a wildlife biologist for the California Department of Fish and Wildlife, set up remote cameras in the Tahoe National...

  • July 24- Verizon Communications Inc will announce an agreement on Monday to buy Yahoo Inc for about $5 billion, according to a person familiar with the matter. The announcement will come before the start of New York trading hours, the source added. Bloomberg first reported that the deal will be announced Monday for $4.8 billion.

  • SAN FRANCISCO— San Francisco wants people who rent out their homes through Airbnb and other online platforms to follow some rules, and it wants the platforms to advertise only those rule-abiding listings— or face steep fines. That means Airbnb and others must stick to advertising San Francisco hosts who have registered with the city and haven't exceeded the...

  • LOS ANGELES, July 24- "Star Trek Beyond" debuted to a solid $59.6 million this weekend, signaling that after six television series, 13 movies, and 50 years in the pop culture conversation, there's still life left in one of Hollywood's most durable franchises. As boon to Trekkies, Paramount took the unusual step of announcing yet another sequel was in the works even...