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  • Republican lawmaker to grill U.S. SEC over Ackman tactics Thursday, 24 Jul 2014 | 12:01 AM ET

    WASHINGTON, July 24- A U.S. lawmaker will pressure the U.S. Securities and Exchange Commission on Thursday to consider a raft of reforms, after William Ackman's aggressive efforts to take over Allergan Inc raised concerns about loose rules governing disclosure and shareholder voting.

  • FTC commissioner warns on mobile health-data gathering Wednesday, 23 Jul 2014 | 8:44 PM ET

    SAN FRANCISCO, July 23- Federal Trade Commissioner Julie Brill, speaking in Washington on Wednesday, expressed concern about the way apps on smartphones and mobile devices are siphoning sensitive health data, and how some of that information may then be shared with third parties.

  • Cruise passengers recount horror stories to Senate Wednesday, 23 Jul 2014 | 8:14 PM ET

    WASHINGTON— Laurie Dishman told senators through tears Wednesday that she was choked and raped on a Royal Caribbean cruise by one of the line's employees, using her experience to shed light on the dangers that passengers might face on cruises.

  • Twitter admits to diversity problem in workforce Wednesday, 23 Jul 2014 | 5:47 PM ET

    SAN FRANCISCO— Twitter acknowledged that it has been hiring too many white and Asian men to fill high-paying technology jobs, just like several other major companies in Silicon Valley.

  • Varian 3Q profit drops 5.1 percent Wednesday, 23 Jul 2014 | 5:25 PM ET

    PALO ALTO, Calif.— Varian Medical Systems Inc. on Wednesday reported earnings that decreased by 5.1 percent in its fiscal third quarter. The Palo Alto, California- based company said profit decreased to $107.1 million, or $1.02 per share, from $112.8 million, or $1.03 per share, in the same quarter a year ago.

  • Gilead profit more than quadruples on hep C drug Wednesday, 23 Jul 2014 | 5:11 PM ET

    FOSTER CITY, Calif.— Gilead Sciences Inc. on Wednesday reported profit that more than quadrupled in its second quarter, topping analysts' expectations on sales of its new breakthrough drug for hepatitis C.

  • Qualcomm 3Q profit rises, but outlook disappoints Wednesday, 23 Jul 2014 | 4:46 PM ET

    SAN DIEGO— Qualcomm Inc. on Wednesday reported net income that climbed by 42 percent in its fiscal third quarter, and topped analysts' expectations. But its earnings guidance for the current quarter fell short of Wall Street estimates, and Qualcomm stock fell $3.95, or 4.8 percent, to $77.65 in aftermarket trading.

  • Social Security spent $300M on 'IT boondoggle' Wednesday, 23 Jul 2014 | 4:45 PM ET

    WASHINGTON— Six years ago the Social Security Administration embarked on an aggressive plan to replace outdated computer systems overwhelmed by a growing flood of disability claims. In 2008, Social Security said the project was about two to three years from completion.

  • SAN FRANCISCO, July 23- AT&T Inc and the Chernin Group are close to buying a majority slice of Fullscreen, in a deal that will value the popular YouTube video network at $200 million to $300 million, said tech blog Re/code, citing sources familiar with the target company.

  • Facebook 2Q earnings, revenue soar Wednesday, 23 Jul 2014 | 4:36 PM ET

    Facebook Inc. said Wednesday that it earned $788 million, or 30 cents per share, in the April-June period. Adjusted earnings were 42 cents per share, handily beating Wall Street's expectations of 33 cents, according to a poll by Zacks Investment Research. This was the fifth quarter in a row that Facebook beat Wall Street's forecasts.

  • 5 tips for selling your home for the best price Wednesday, 23 Jul 2014 | 4:00 PM ET

    LOS ANGELES— The rebound in U.S. home values over the past couple of years has placed many homeowners in a better position to sell their home for a profit. "The most important thing in pricing and getting your house sold fast is to do your homework," said Michael Corbett, a real estate expert at Trulia, a housing information and listing website.

  • Meat supplier in China scandal has global reach Wednesday, 23 Jul 2014 | 3:16 PM ET

    OSI Group, a privately-held company based in Aurora, Illinois, was thrust into the spotlight this weekend when a Chinese TV station reported that one of its Shanghai plants repackaged old beef and chicken and slapped new expiration dates on them.

  • SHANGHAI/ LANGFANG, China, July 23- Yum Brands Inc's China division severed ties to OSI China after Shanghai police detained five people from that supplier's meat processing factory at the center of a food safety scare that has ensnared several major Western brands.

  • SAN FRANCISCO/ FRANKFURT, July 22- European Union antitrust regulators are preparing to step up investigations of Google Inc's practices on several fronts and are likely to revise certain terms of a settlement involving its search engine that was proposed earlier this year, the Wall Street Journal reported on Tuesday.

  • FRANKFURT, July 23- When Bill Gross eventually retires as chief investment officer of California- based asset manager Pimco, his "Bond King" crown will go with him. Allianz, the German insurer which owns Pimco, wants to ensure that in a post-Gross era the asset manager he co-founded will not be so reliant on the investment decisions of one person.

  • German city Hamburg seeks to ban Uber ride service Wednesday, 23 Jul 2014 | 12:59 PM ET

    HAMBURG/ FRANKFURT, July 23- Hamburg has told Uber, a U.S. car service whose smartphone app summons rides at the touch of a button, to stop operating in the German city, adding to resistance the company has faced globally from local regulators and taxi drivers.

  • FDA approves Gilead Sciences drug for 3 cancers Wednesday, 23 Jul 2014 | 12:57 PM ET

    WASHINGTON— The Food and Drug Administration on Wednesday approved a new cancer drug from Gilead Sciences Inc. to treat three types of blood cancer. The FDA has approved three other drugs for the disease in the last year: Roche's Gazyva, Janssen Pharmaceutical's Imbruvica and GlaxoSmithKline's Arzerra.

  • Fair Trade brings big sales and a clear conscience Wednesday, 23 Jul 2014 | 12:47 PM ET

    NEW YORK— Brooklyn Roasting Co. has a booming business based on helping people thousands of miles away. Sales of its Fair Trade coffee, which comes from Mexico, Peru, Indonesia and Ethiopia, have soared from $900,000 in 2011 to $4.4 million last year.

  • Get paid for posts? Social networking's new twist Wednesday, 23 Jul 2014 | 12:38 PM ET

    SAN FRANCISCO— Facebook and most other social networks are built on the premise that just about everything should be shared— except the money those posts produce. At least two services are trying to change that.

  • July 23- Yum Brands Inc's China division has stopped buying from OSI China, after Shanghai police detained five people connected to the meat supplier's factory at the center of a new food safety scandal, Yum said on Wednesday.