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  • NEW YORK— Shares of Advanced Micro Devices Inc. fell to their lowest point in nearly three years Tuesday, a day after the chipmaker said weak demand for personal computers will hurt its revenue in the second quarter. That would below the $968 million to $1.03 billion range the company had previously expected. Chipmakers, such as Intel Corp. and Micron Technology...

  • NEW YORK— Shares of Shake Shack have slumped this summer, and they dropped around 10 percent Tuesday after a Morgan Stanley analyst said the burger chain's stock is still too expensive. John Glass has a price target of $38 on Shake Shack stock and said there is "an extreme disconnect" between the stock's price and what it's actually worth. Shake Shack Inc. stock lost...

  • PALO ALTO, Calif.— SurveyMonkey has named a Hewlett-Packard Co. executive to take over for CEO David Goldberg, who died in May while vacationing in Mexico. Bill Veghte, who was chief operating officer at HP, will become SurveyMonkey's CEO on Aug. 1, the company said Tuesday. He most recently led HP's enterprise group and has held executive posts at Microsoft Corp..

  • Congress outlawed political contributions by federal contractors largely in response to a New Deal-era scandal involving Democratic Party operatives and contractors. The appeals court ruled against a university law professor who holds a $12,000 federal contract and two retirees working for the U.S. Agency for International Development as...

  • LOS ANGELES— Los Angeles building officials approved plans to build a 1 million-square-foot complex of skyscrapers, stores and restaurants in the heart of Hollywood, agreeing with the developer that an earthquake fault underneath the property is too old to be considered active. The move ends a two-year debate over whether two massive skyscrapers planned by...

  • The idea of putting Greece's euro membership on hold- a temporary' Grexit'- was recently raised by Germany's finance minister Wolfgang Schaeuble. But a suggestion by Yannis Varoufakis, who quit on Monday as Greece's finance minister, that Athens might issue IOUs like the state of California did during a budget impasse in 2009, could amount to the same thing.

  • CAPE CANAVERAL, Fla.— SpaceX still is trying to figure out what caused its rocket to break apart during liftoff nine days ago, but is getting close to an answer, the company's chief executive said Tuesday. The unmanned Falcon 9 rocket carrying cargo for the International Space Station had just lifted off on June 28 when the accident occurred. Speaking Tuesday at a...

  • AUSTIN, Texas— Google Inc. has selected Texas as the latest testing site for its self-driving car project, the company announced Tuesday. The driverless car will operate a few square miles north and northeast of downtown Austin, Google said in a statement. "We loved how much Austin embraces innovation," said Jennifer Haroon, head of business operations for...

  • DETROIT, July 7- Google Inc has begun testing its self-driving cars in Austin, Texas, expanding efforts to gather information on how the prototypes interact with traffic, road conditions and people, the company said early Tuesday. A Google press release on Tuesday quoted the Texas Department of Transportation as saying "we welcome and support Google's...

  • Horizon Pharma has gone hostile with an all-stock offer for Depomed valued at about $2.1 billion after its target rejected friendly overtures to talk about a deal. The Dublin- based company said Tuesday that it will take an offer of $29.25 of its stock for each Depomed share directly to that company's shareholders. Shares of Depomed jumped $7.51, or 36.4 percent,...

  • Jerry Weintraub in June, 2015

    Jerry Weintraub, a showman whose career touched entertainers as grandly diverse as Elvis Presley and Michael Douglas, died on Monday.

  • Going for as much as $4 per ounce, human breast milk is a hot commodity that is emerging as a surprisingly cutthroat industry, one that states are now seeking to regulate amid a battle for control between nonprofit and for-profit banks that supply hospital neonatal units. In the United States, there are two for-profit companies and soon to be three, and one...

  • SAN FRANCISCO, July 7- When it comes to dashboard displays that are more like smart phones, two things are clear: Customers want them, and automakers are intent on supplying them. "I think they raise serious public safety questions," said Joe Simitian, the former California lawmaker who spearheaded the state's laws on phone use while driving. "You can't be looking at a...

  • SAN FRANCISCO, July 6- Facebook Inc's Chief Operating Officer Sheryl Sandberg is taking a seat on the board of SurveyMonkey, the online polling company that was run by her late husband, Dave Goldberg. also appointed to its board David Ebersman, the chief executive officer of behavioral health company Lyra Health and the former chief financial officer of...

  • SAN FRANCISCO, July 6- Tumbling markets and economic uncertainty in China pose a risk to major chipmakers such as Qualcomm Inc that derive a big portion of their sales from the world's second-largest economy. Consumer electronics giant Apple Inc could also be vulnerable- 17 percent of the company's overall revenue last fiscal year came from China, and in the...

  • SurveyMonkey will add two new members to its board of directors, including Facebook's chief operating officer, Sheryl Sandberg. Sandberg is the widow of David Goldberg, who was CEO at SurveyMonkey from 2009 until he died in an accident while exercising in May. The Palo Alto, California, company said Monday its other new director is David Ebersman, the CEO of Lyra...

  • SAN FRANCISCO, July 6- Reddit Chief Executive Ellen Pao on Monday issued an apology to users of the popular social news platform over the way the company handled the dismissal of a well-liked employee last week, a move that drew widespread outrage from users. The site's former Director of Talent, Victoria Taylor, was dismissed from the company on Thursday,...

  • SYDNEY- Reserve Bank of Australia holds interest rate meeting- 0430 GMT. PARIS- Bank of France Governor Christian Noyer is due to speak about EU capital markets union at a financial sector conference- 0700 GMT. FRANKFURT- German's Bundesbank Board member Joachim Nagel to speak on "Asset Management of Public Pension Funds"- 1400 GMT.

  • NEW YORK— One of the last of the classic Hollywood showmen, Jerry Weintraub built his show business empire on a Rolodex and chutzpah. The Brooklyn- born son of a Bronx jeweler, Weintraub rose from the mailroom of a talent agency to become a top concert promoter before shifting into a decades-long career as a top Hollywood producer. Along the way, Weintraub worked...

  • July 6- U.S. chipmaker Advanced Micro Devices Inc lowered its revenue estimate for the second quarter, below analysts' average expectation, saying the demand for personal computers was weaker-than-expected. AMD's shares fell as much as 15 percent to $2.10 in extended trading, after the company also cut its adjusted gross margin forecast for the quarter ended...