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  • IBM disputes report that big layoffs coming Monday, 26 Jan 2015 | 12:35 PM ET

    SAN FRANCISCO— IBM is pooh-poohing a published report that the giant technology company is planning a big reorganization and massive job cuts affecting more than 100,000 people. That's in contrast with a report that appeared last week on the website of Forbes magazine, which predicted as many as one in four IBM employees might lose their jobs in a massive...

  • PARK CITY, Utah, Jan 26- Facebook Inc's Oculus VR is getting into movies with an in-house studio dedicated to making virtual-reality films and will show its first short movie at the Sundance Film Festival on Monday, the company said. Tapping talent from both Pixar, the animation studio behind computer graphics imagery films including "Toy Story" and " Monsters Inc,"...

  • Milk industry fights back against 'anti-dairy folks' Monday, 26 Jan 2015 | 12:02 PM ET

    NEW YORK— The milk industry is fed up with all the sourness over dairy. Julia Kadison, CEO of Milk Processor Education Program, which represents milk companies, says the breaking point came last year when the British Medical Journal published a study suggesting drinking lots of milk could lead to earlier deaths and higher incidents of fractures.

  • CHICAGO, Jan 26- A California turkey farm has been quarantined after confirmation of the first case of an outbreak of the highly pathogenic H5N8 avian influenza strain in the Pacific Northwest and in a commercial flock, the U.S. government said. In the latest outbreak, Foster Farms said in a statement that it had informed the U.S. Department of Agriculture after...

  • NEW YORK— The author of a best-seller about Twitter is working on an investigative book about the black market website Silk Road. According to Portfolio, Bilton has been looking into Silk Road for the past year, in coordination with Epic Magazine. 20th Century Fox has acquired rights to a Silk Road film based on Bilton's book and Epic's planned story.

  • Soros eyes investing in auto dealer groups -report Monday, 26 Jan 2015 | 10:48 AM ET

    DETROIT, Jan 26- Billionaire financier George Soros wants to invest in or buy a large automotive dealership group, potentially following in the footsteps of Warren Buffett, Automotive News reported. Two representatives of Soros Fund management, which Soros chairs, attended the National Automobile Dealers Association convention in San Francisco over the...

  • Mattel Chairman and CEO Bryan Stockton has resigned after the struggling maker of Barbie dolls and Hot Wheels cars reported fourth-quarter results that fell far short of analyst expectations. On a per-share basis, Mattel earned 44 cents per share in the most recent quarter, or 52 cents per share not counting hits from integration costs and taxes.

  • Airport spokesman Perry Cooper says a JetBlue flight from Long Beach, California, and a regional SkyWest jet from Phoenix were the planes involved. Additionally, a Delta Air Lines spokesman says a flight from Los Angeles to Orlando was diverted to Dallas Sunday afternoon due to "a security concern. Laura Eimiller, a spokeswoman for the FBI in Los Angeles, said...

  • OSI posts 2Q profit Monday, 26 Jan 2015 | 8:48 AM ET

    HAWTHORNE, Calif. _ OSI Systems Inc. on Monday reported fiscal second-quarter earnings of $18.2 million. OSI expects full-year earnings in the range of $3.54 to $3.76 per share, with revenue in the range of $975 million to $998 million. Keywords: OSI Systems, Earnings Report.

  • Bank of Marin misses Street 4Q forecasts Monday, 26 Jan 2015 | 8:18 AM ET

    NOVATO, Calif. _ Bank of Marin Bancorp on Monday reported fourth-quarter profit of $4.7 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 85 cents per share. Analysts expected $20 million, according to Zacks.

  • Provident Financial beats 2Q profit forecasts Monday, 26 Jan 2015 | 6:16 AM ET

    RIVERSIDE, Calif. _ Provident Financial Holdings Inc. on Monday reported fiscal second-quarter net income of $2.3 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 23 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • LOS ANGELES— Like pilgrims flocking to a holy shrine, they come from all over the world to pay homage to that symbol of celebrity, the Hollywood Sign. "There will probably be 10,000 of them here this weekend," one homeowner, Guy Pohlman, complained as he recently watched a parade of cars pass his home. Peter's Basilica in Rome or the Acropolis in Greece, they press to get as...

  • At Koch summit, Rand Paul splits with Cruz, Rubio Monday, 26 Jan 2015 | 1:10 AM ET

    WASHINGTON— Rand Paul is demonstrating how he could disrupt the Republican presidential field if he seeks the nomination, sparring with potential rivals over Iran, Cuba and the Pentagon's budget in a face-to-face forum that offered an early preview of the feisty policy debate to come. The Kentucky Republican joined fellow first-term senators Ted Cruz of...

  • Defendants in California and Massachusetts have sought to take advantage of a December ruling from the 2nd U.S. Circuit Court of Appeals in New York that narrowed the definition of insider trading, making it harder for prosecutors to pursue their cases. The challenges raise the possibility that the 2nd Circuit decision, legally binding only in New York,...

  • Sheriffs want popular police-tracking app disabled Monday, 26 Jan 2015 | 12:29 AM ET

    WASHINGTON— Sheriffs are campaigning to pressure Google Inc. to turn off a feature on its Waze traffic software that warns drivers when police are nearby. Waze, which Google purchased for $966 million in 2013, is a combination of GPS navigation and social networking. They are seeking support among other law enforcement trade groups to pressure Google to...

  • NEW YORK, Jan 25- The average price of a gallon of gasoline in the United States fell 13.3 cents in the past two weeks, falling to its lowest level since late April 2009, but the end of a months-long slide may be near, according to the Lundberg survey released Sunday. Prices for regular grade gasoline fell to $2.07 a gallon in the survey dated Jan. 23 from the previous...

  • CAMARILLO, Calif.— The average price of a regular gallon of gas dropped 13 cents in the past two weeks to $2.07, but it could soon rise. San Francisco continued to have the highest-priced gas in the Lower 48 states at $2.54 a gallon. Albuquerque, New Mexico, remained lowest at $1.73 a gallon.

  • 'American Sniper' holds top spot at weekend box office Sunday, 25 Jan 2015 | 12:48 PM ET

    The total haul for the Warner Bros. film now stands at $200.1 million. "American Sniper" also earned an additional $17.6 million in 16 international territories, including Australia, Sweden, Norway and Denmark. "We've never quite seen anything like this at this time of year," said Paul Dergarabedian, senior media analyst at box-office tracker Rentrak.

  • NEW YORK— Tom Fiore knows what it's like to sit in a taxi for as long as two agonizing hours, over bridges or through a tunnel, to travel a mere eight miles from midtown Manhattan to LaGuardia Airport in Queens. Neighboring John F. Kennedy and Newark have it, and projects are currently underway at Washington Dulles, Los Angeles and Denver. Cuomo's $450 million proposal,...

  • LITTLE ROCK, Ark.— The offers to license Frank Broyles' name came in as soon as the Arkansas football legend retired last year, from Broyles books to Broyles tailgating grills and Broyles pre-cooked meat. Jon Woods, R- Springdale, and state Rep. Greg Leding, D- Fayetteville, would give celebrities the exclusive commercial rights to their names and likenesses.