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  • Apple issues security warning for iCloud Tuesday, 21 Oct 2014 | 7:52 PM ET

    SAN FRANCISCO— Apple has posted a new security warning for users of its iCloud online storage service amid reports of a concerted effort to steal passwords and other data from people who use the popular service in China. Apple's post did not mention China or provide any details on the attacks. Chinese activists blamed the attacks on that country's government,...

  • Third Point urges Amgen to consider breakup Tuesday, 21 Oct 2014 | 7:31 PM ET

    A hedge fund run by a famed investor said Tuesday it has taken a large stake in Amgen and now wants the biotech drugmaker to consider splitting up into two. In response, Amgen said that its board and management are continually assessing the company's business. Third Point said Amgen Inc., which makes a range of drugs for arthritis, anemia and other diseases, is not...

  • FTC names privacy expert as chief technologist Tuesday, 21 Oct 2014 | 6:40 PM ET

    SAN FRANCISCO— The Federal Trade Commission on Tuesday named an outspoken Internet privacy expert, Ashkan Soltani, as its chief technologist in a move that signals the agency's focus on protecting consumers' online privacy. Over the last year, he co-authored a series of Washington Post articles that examined government surveillance programs first revealed...

  • Strong dollar hurts profits of U.S. companies Tuesday, 21 Oct 2014 | 5:49 PM ET

    Coca Cola Co and McDonald's Corp on Tuesday became the latest multinationals to get sideswiped by the surging U.S. currency, which typically crimps demand for U.S. exports and reduces the value of overseas sales when they are translated back into U.S. dollars. McDonald's forecast currency to cut fourth-quarter earnings per share by 5 cents to 6 cents, after...

  • Oct 21- Apple and GT Advanced Technologies Inc struck an agreement on Tuesday that will let GT begin the shutdown of key Arizona operations, and shed some more light on why the former stock market darling abruptly filed for bankruptcy this month. A lawyer for GT, Apple's erstwhile sapphire supplier, described the deal at a hearing in U.S. Bankruptcy Court in...

  • Super Micro beats Street 1Q forecasts Tuesday, 21 Oct 2014 | 5:36 PM ET

    SAN JOSE, Calif. _ Super Micro Computer Inc. on Tuesday reported earnings of $20.9 million in its fiscal first quarter. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 39 cents per share. Analysts expected $417.5 million, according to Zacks.

  • Quidel beats Street 3Q forecasts Tuesday, 21 Oct 2014 | 5:31 PM ET

    SAN DIEGO _ Quidel Corp. on Tuesday reported a loss of $5.8 million in its third quarter. The average estimate of analysts surveyed by Zacks Investment Research was for a loss of 12 cents per share. Analysts expected $37.7 million, according to Zacks.

  • Electronics for Imaging posts 3Q profit Tuesday, 21 Oct 2014 | 5:30 PM ET

    FOSTER CITY, Calif. _ Electronics for Imaging Inc. on Tuesday reported earnings of $4.8 million in its third quarter. The Foster City, California- based company said it had net income of 10 cents per share. Electronics for Imaging shares have risen slightly more than 7 percent since the beginning of the year.

  • Abaxis tops Street 2Q forecasts Tuesday, 21 Oct 2014 | 5:15 PM ET

    UNION CITY, Calif. _ Abaxis Inc. on Tuesday reported profit of $5.4 million in its fiscal second quarter. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 22 cents per share. Analysts expected $50 million, according to Zacks.

  • VMware beats Street 3Q forecasts Tuesday, 21 Oct 2014 | 4:33 PM ET

    PALO ALTO, Calif. _ VMware Inc. on Tuesday reported third-quarter net income of $194 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 83 cents per share. Analysts expected $1.5 billion, according to Zacks.

  • Intuitive Surgical beats Street 3Q forecasts Tuesday, 21 Oct 2014 | 4:31 PM ET

    SUNNYVALE, Calif. _ Intuitive Surgical Inc. on Tuesday reported profit of $123.7 million in its third quarter. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $3.71 per share. Analysts expected $515.7 million, according to Zacks.

  • Broadcom beats Street 3Q forecasts Tuesday, 21 Oct 2014 | 4:27 PM ET

    IRVINE, Calif. _ Broadcom Corp. on Tuesday reported third-quarter profit of $98 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 83 cents per share. For the current quarter ending in December, Broadcom said it expects revenue in the range of $2 billion to $2.15 billion.

  • Taxi rates in Las Vegas area will top New York's Tuesday, 21 Oct 2014 | 4:20 PM ET

    LAS VEGAS— Nevada taxi regulators have approved a rate hike that would make cab rides in Las Vegas and surrounding areas the second most expensive among U.S. metropolitan areas with tourism-based economies. A report commissioned by a coalition of cab companies shows rates will be higher than those in New York or San Francisco, but lower than Atlantic City's.

  • Yahoo's 3Q earnings soar on Alibaba windfall Tuesday, 21 Oct 2014 | 4:18 PM ET

    SUNNYVALE, Calif.— Yahoo's third-quarter earnings soared as the Internet company collected a huge windfall from Alibaba's recent IPO. That represented 17 percent of Yahoo's total revenue for the three months that ended in September, an indication that CEO Marissa Mayer's emphasis on designing sleeker applications for smartphones and tablets is starting...

  • Robert Half beats Street 3Q forecasts Tuesday, 21 Oct 2014 | 4:09 PM ET

    MENLO PARK, Calif. _ Robert Half International Inc. on Tuesday reported earnings of $85.2 million in its third quarter. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 59 cents per share. Analysts expected $1.2 billion, according to Zacks.

  • Oct 21- McDonald's Corp Chief Executive Officer Don Thompson owned up to some corporate image problems on Tuesday after it posted a nearly one-third drop in quarterly profit and warned that its global restaurant sales would fall again this month. Stock in the fast-food chain, which Thompson conceded is sometimes seen as little more than "a manufacturing plant,"...

  • BOSTON/ BEIJING, Oct 21- Apple Inc's iCloud storage service in China was attacked by hackers trying to steal user credentials, a Chinese web monitoring group said, adding that it believes the Beijing government is behind the campaign. An Apple representative declined comment on the allegations that Beijing was trying to spy on Apple customers, but noted that the...

  • Stinky seaweed piling up at upscale Laguna Beach Tuesday, 21 Oct 2014 | 1:52 PM ET

    LAGUNA BEACH, Calif.— Warmer water and recent storm swells are to blame for mounds of stinky kelp piling up on the sand in the upscale Southern California resort city of Laguna Beach, scientists say. Kelp plays a pivotal role in the food chain, she told the Los Angeles Times. She noticed something different while scuba diving near Crystal Cove in late August, when...

  • 2nd guilty plea in California tainted beef case Tuesday, 21 Oct 2014 | 12:41 PM ET

    SAN FRANCISCO— A second defendant has pleaded guilty in a case alleging that a Northern California slaughterhouse at the center of a massive recall processed and distributed tainted beef. Eugene Corda, an employee of Petaluma- based Rancho Feeding Corp., entered the plea to one count of aiding and abetting in the distribution of adulterated, misbranded and...

  • Google's streaming music service adds mood to mix Tuesday, 21 Oct 2014 | 12:01 PM ET

    SAN FRANCISCO— Google's music-subscription service will try to anticipate its listeners' mood swings as it amplifies its competition with Pandora, Spotify and other popular services that play tunes over the Internet. Starting Tuesday, the $10- a-month All Access service will make music suggestions based on educated guesses about each subscriber's mood and...