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  • LOS ANGELES, Jan 30- California's Kern County was put on notice for a possible downgrade on Friday by ratings agency Moody's Investor Service, three days after the county declared a fiscal emergency. On Tuesday, Kern County in California's Central Valley declared a fiscal emergency, citing plunging oil prices and growing pension debt as the main reasons for a...

  • SAN FRANCISCO— Uber Technologies says that if you catch a ride with one of its drivers, your personal and financial data are safe— from Uber itself. The ride-booking company on Friday used a blog post to release the results of what it described as a thorough outside examination of its privacy and personal data policies. While popular with users and investors, the...

  • Uber probed by U.S. judge on driver benefits Friday, 30 Jan 2015 | 7:19 PM ET

    SAN FRANCISCO, Jan 30- A U.S. judge appeared skeptical on Friday about Uber's bid for a quick pretrial ruling that its drivers are contractors and not employees, a critical question facing Silicon Valley's sharing economy. App-based ride service Uber, and smaller rival Lyft, face separate lawsuits seeking class action status in San Francisco federal court,...

  • LAGUNA BEACH, California— An exceedingly opulent seaside resort in Southern California has sold for an eye-popping $360 million. That price tag for the Montage Laguna Beach— which comes to $1.4 million per room— "shattered the price barrier for California hotels by a wide margin," hotel consultant Alan Reay of Atlas Hospitality tells the Los Angeles Times on...

  • WASHINGTON, Jan 30- Food distributor Sysco Corp and its biggest rival, US Foods Inc, have offered to sell a smaller competitor 11 facilities in order to convince skeptical antitrust regulators to approve their $3.5 billion merger, a source briefed on the matter told Reuters. The deal, proposed in December 2013, is seen as problematic because Sysco and US Foods are...

  • IBM boss gets bonus despite company's woes Friday, 30 Jan 2015 | 6:34 PM ET

    SAN FRANCISCO— IBM boss Virginia Rometty will get a $3.6 million bonus for her performance last year, even though the company's sales and profits declined in 2014.. Rometty and other top executives did not take bonuses for 2013, after IBM turned in disappointing results for that year. IBM is also raising her target bonus to $5 million for 2015. In addition, the...

  • WASHINGTON/ SAN FRANCISCO, Jan 30- AT&T Inc spent close to half the total in the record-setting U.S. sale of airwaves for mobile data, with Dish Network Corp spending heavily to manage a surprise win at No.2 ahead of Verizon, results showed on Friday. Verizon and T-Mobile bids were $10.4 billion and $1.8 billion, respectively, according to the results of the Federal...

  • Bank of Commerce posts 4Q profit Friday, 30 Jan 2015 | 4:33 PM ET

    REDDING, Calif. _ Bank of Commerce Holdings on Friday reported fourth-quarter net income of $1.7 million. Bank of Commerce shares have declined slightly more than 4 percent since the beginning of the year. Keywords: Bank of Commerce, Earnings Report.

  • SAN FRANCISCO, Jan 30- Ride service Uber, which is trying to enhance its image after several controversies, on Friday released the findings of a report on its handling of passenger data and said it would act on all the report's recommendations for improvements. Management at the San Francisco- based company, which announced the report's findings in a blog post,...

  • WASHINGTON/ SAN FRANCISCO, Jan 30- AT&T Inc spent close to half the total in the record-setting U.S. sale of airwaves for mobile data, with Verizon Communications Inc and bidding partners of Dish Network Corp also spending heavily, results showed on Friday. AT&T bid a total of $18.2 billion to win licenses of so-called AWS-3 spectrum; Verizon bid $10.4 billion and...

  • WASHINGTON, Jan 30- Multinational corporations would get a tax holiday on hundreds of billions of dollars in foreign profits under a measure proposed by two U.S. senators on Friday. Democrat Barbara Boxer of California and Republican Rand Paul of Kentucky called for allowing businesses to pay 6.5 percent corporate income tax on foreign profits brought into...

  • Recalls this week: space heaters, orbital sanders Friday, 30 Jan 2015 | 3:45 PM ET

    About 34,000 oil-filled space heaters are being recalled because they could spray heated oil, posing a scald hazard. Other recalled products this week include orbital sanders with a short-circuit hazard and candles that are a fire hazard. They were sold at Target and small department stores nationwide from August 2014 through November 2014.

  • WILLISTON, N.D., Jan 30- Chevron Corp halted its 2015 share repurchase program on Friday, a move designed to conserve cash amid tumbling oil prices and its latest cost-cutting step after slashing capital spending. The move echoed similar steps earlier this week by Royal Dutch Shell, Hess Corp, ConocoPhillips and others to conserve cash in an environment where the...

  • MONTPELIER, Vt.— Vermont's state auditor is asking lawmakers to beef up the information consumers can get when deciding where to have a medical procedure done. Auditor of Accounts Doug Hoffer, joined by Andrew Stein, a special investigator in the auditor's office, told the House Health Care Committee on Friday that the state is falling short in meeting a legal...

  • Correction: Earns-Mitek Systems story Friday, 30 Jan 2015 | 12:32 PM ET

    SAN DIEGO— In a story Jan. 29 about Mitek Systems Inc.' s earnings, The Associated Press reported erroneously, in a report generated by Automated Insights using data from Zacks Investment Research, that the company reported a loss in its first quarter. Mitek Systems posts profit of $146,000 in first quarter. Mitek Systems Inc. on Thursday reported a profit of...

  • WILLISTON, N.D., Jan 30- Chevron Corp halted its 2015 share repurchase program on Friday, a move designed to conserve cash amid tumbling oil prices and its latest cost-cutting step after slashing capital spending. Chief Executive Officer John Watson said Chevron's dividend, currently $1.07 a quarter, remained the "highest priority" for the company's balance...

  • GenCorp posts 4Q profit Friday, 30 Jan 2015 | 10:01 AM ET

    RANCHO CORDOVA, Calif. _ GenCorp Inc. on Friday reported fiscal fourth-quarter net income of $10.1 million, after reporting a loss in the same period a year earlier. On a per-share basis, the Rancho Cordova, California- based company said it had net income of 15 cents. GenCorp shares have fallen 7 percent since the beginning of the year.

  • TriCo tops 4Q profit forecasts Friday, 30 Jan 2015 | 9:07 AM ET

    CHICO, Calif. _ TriCo Bancshares on Friday reported fourth-quarter net income of $5.7 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 24 cents per share. Analysts expected $46 million, according to Zacks.

  • NEW YORK— Chevron Corp. said Friday its net income and revenue dropped in the fourth-quarter as oil and gas prices slumped, and the company said it plans significant cuts in spending in 2015.. Chevron said net income sank 30 percent and revenue declined 18 percent in the fourth quarter, as it earned $3.47 billion, or $1.85 per share, on $46.09 billion in revenue.

  • Franklin Resources misses Street 1Q forecasts Friday, 30 Jan 2015 | 8:39 AM ET

    SAN MATEO, Calif. _ Franklin Resources Inc. on Friday reported fiscal first-quarter profit of $566.4 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 93 cents per share. Franklin Resources shares have declined roughly 5 percent since the beginning of the year, while the Standard& Poor's 500 index has declined...