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  • TOKYO, Oct 21- The time is "ripe" for Japan and the United States to reach a breakthrough in talks for a Trans-Pacific Partnership trade pact, the U.S. commerce secretary said on Tuesday, adding that the two were "a lot closer" to a deal than in recent months. Penny Pritzker, who is in Japan with a trade mission of U.S. energy and medical companies, said both countries needed...

  • The meaning of 'organic' hazy for nonfood items Tuesday, 21 Oct 2014 | 3:14 AM ET

    "The consumer should not need a law degree to read a label," says Laura Batcha, president of the Organic Trade Association, the industry's main trade group. According to the Organic Trade Association, sales of those nonfood organic products were about $2.8 billion last year, a small share of the overall organic market but growing rapidly. USDA doesn't regulate any...

  • Final arguments set in NJ eminent domain case Tuesday, 21 Oct 2014 | 2:54 AM ET

    ATLANTIC CITY, N.J.— A Superior Court judge was scheduled to hear final arguments in an eminent domain case between a New Jersey man and the Casino Reinvestment Development Authority. The Atlantic City piano-tuner uses the first floor of the building, which sits in the shadow of the closed Revel Casino Hotel, for his business and rents the top two floors to tenants.

  • A list of merchants taking Apple Pay Tuesday, 21 Oct 2014 | 1:00 AM ET

    Apple said it has worked with several retailers to make sure most of their stores, if not all of them, were ready at Monday's launch: Aeropostale, American Eagle Outfitters, Babies R Us, BJ's Wholesale Club, Bloomingdale's, Champs Sports, Chevron and Texaco retail stores including ExtraMile, Disney Store, Duane Reade, Footaction, Foot Locker, House of Hoops by Foot...

  • Review: Apple Pay in action Tuesday, 21 Oct 2014 | 12:53 AM ET

    That wallet-free day won't be coming for a while, if ever, but Apple's new payments system brings us much closer. The biggest difficulty is general acceptance, and Apple has managed to boost interest in mobile payments in a way Google and other rivals haven't been able to for years. Apple Inc. has the advantage of having millions of credit cards on file for its...

  • Cost of making 'Hobbit' movies up to $745 million Tuesday, 21 Oct 2014 | 12:49 AM ET

    Financial documents filed this month in New Zealand, where the three movies are being made, show production costs through March had reached 934 million New Zealand dollars. Warner Bros., which is making the movies, on Tuesday declined to answer questions about the costs: "We don't comment on production budgets," wrote Candice McDonough, a senior vice president at...

  • BOSTON, Oct 20- Billionaire investor William Ackman, whose fund is the largest shareholder in Allergan Inc., and Valeant Pharmaceuticals said the botox maker's Chief Executive Officer David Pyott tried to discredit Valeant as it was making a hostile takeover bid, court documents showed. Ackman's hedge fund has been working with Valeant for months to craft a...

  • China to pitch high-speed trains to California Monday, 20 Oct 2014 | 10:49 PM ET

    SHANGHAI, Oct 21- State-backed China CNR Corporation is making a pitch to sell its high-speed trains to California, signalling China's growing export ambitions for such technology after building the world's longest network in just seven years. It marks the first concrete attempt by China to sell high-speed locomotives abroad and establish itself as a...

  • China economy grows at slowest pace in 5 years Monday, 20 Oct 2014 | 10:09 PM ET

    BEIJING— China's economic growth waned to 7.3 percent last quarter, the lowest rate since early 2009, resuming a slowdown that had been eased by mini-stimulus measures earlier in the year. The International Monetary Fund said in July that China should lower its growth target to no more than 7 percent for next year, but some analysts expect an even deeper decline,...

  • America says no to cappuccino potato chips Monday, 20 Oct 2014 | 10:01 PM ET

    Parent company PepsiCo Inc. says about 1 million total votes were cast online for the "Do Us A Flavor" promotion, a sales driver it has launched in more than a dozen countries. The winner, Meneko Spigner McBeth, was to be informed at a dinner for finalists Monday night in New York City, with an announcement from the company expected Tuesday. McBeth, a registered nurse...

  • DALLAS, Oct 20- The United States issued stringent new protocols on Monday for health workers treating Ebola victims, directing medical teams to wear protective gear that leaves no skin or hair exposed to prevent medical workers from becoming infected. The new guidelines from the U.S. Centers for Disease Control and Prevention in Atlanta come as 43 people who...

  • BOSTON/ BEIJING, Oct 20- Apple Inc's iCloud storage and backup service in China was attacked by hackers trying to steal user credentials, a Chinese web monitoring group said, adding that it believes the country's government is behind the campaign. The attack comes several weeks after Apple said it would begin storing iCloud data for Chinese users on China...

  • NEW YORK, Oct 20- AbbVie Chief Executive Officer Richard Gonzalez for three months led the charge to buy Dublin drugmaker Shire for $55 billion, only to walk away from the deal last week, but analysts and fund managers said he deserves credit for trying and should remain at the helm of the Chicago drugmaker. Investors were given no advance warning on Thursday, when...

  • Microsoft's Nadella gets $84M pay package Monday, 20 Oct 2014 | 8:50 PM ET

    REDMOND, Wash.— Microsoft has given its new CEO Satya Nadella a pay package worth $84.3 million, most of it in the form of long-term stock awards. Microsoft said Nadella's actual compensation for the company's fiscal year 2014 is worth $11.6 million after excluding the long-term stock awards and a $13.5 million one-time retention award he received before his...

  • Oct 20- Online book retailer Amazon.com Inc said on Monday it has signed a multiyear deal with Simon& Schuster Inc, the second Big-Five book publisher, on the future price of e-books. Amazon, which had been in talks with Simon& Schuster since July over pricing, confirmed the deal first reported by the Business Insider news blog that the two had reached an agreement.

  • Amazon and Simon & Schuster reach multiyear deal Monday, 20 Oct 2014 | 8:31 PM ET

    NEW YORK— Amazon.com and Hachette Book Group remain in a months-long standoff, but the online retailer has reached a multiyear agreement with another major New York publisher, Simon& Schuster. Reportedly deadlocked with Hachette over how to share e-book revenues, Amazon has been slowing deliveries and removing pre-order buttons for numerous Hachette books,...

  • NEW YORK, Oct 20- AbbVie Chief Executive Officer Richard Gonzalez for three months led the charge to buy Dublin drugmaker Shire for $55 billion, only to walk away from the deal last week, but analysts and fund managers said he deserves credit for trying and should remain at the helm of the Chicago drugmaker. Investors were given no advance warning on Thursday, when...

  • WASHINGTON, Oct 20- The Russian government has been ruled out as sponsor of a cyber attack on JPMorgan Chase& Co disclosed in August, U.S. law enforcement officials said on Monday. Officials from the FBI and Secret Service told a news conference at the Financial Services Roundtable in Washington that authorities believe the attack was the work of cybercriminals.

  • DALLAS, Oct 20- The United States issued stringent new protocols on Monday for health workers treating Ebola victims, directing medical teams to wear protective gear that leaves no skin or hair exposed when caring for patients infected with the virus. The new guidelines from the U.S. Centers for Disease Control and Prevention in Atlanta come as 43 people who...

  • SAN FRANCISCO, Oct 20- Apple Inc's iCloud storage and backup service in China was attacked by hackers trying to steal user credentials and other information, a cybersecurity blog charged on Monday, saying it believes the country's government is behind the campaign. Unknown "Chinese authorities" interposed their own website between users and Apple's iCloud,...