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  • Herbalife eyes settlement in federal lawsuit Friday, 31 Oct 2014 | 8:01 PM ET

    LOS ANGELES— Herbalife says it has agreed to settle a lawsuit that claimed the company's business structure and marketing practices violated federal and state laws. Herbalife Ltd. maintains it hasn't done anything wrong and the lawsuit is meritless. Ackman has bet heavily against the company's stock, describing Herbalife as a pyramid scheme.

  • Virgin Galactic's allure: space and celebrities Friday, 31 Oct 2014 | 7:39 PM ET

    The explosion of a Virgin Galactic rocket ship during a test flight over California has almost certainly dashed founder Richard Branson's goal of starting passenger flights next spring. Information about Virgin Galactic, its backers, and its goals:. Virgin Galactic is a joint venture between Branson's Virgin Group Ltd. and Aabar Investments PJS, a...

  • MOJAVE, Calif., Oct 31- A suborbital passenger spaceship being developed by Richard Branson's Virgin Galactic company crashed during a test flight on Friday near the Mojave Air and Space Port in California, killing one pilot and seriously injuring the other, officials said. The crash of the vehicle, undergoing its first powered test flight since January over the...

  • Medicare program's payment rate for hospital outpatient services will increase 2.3 percent in calendar year 2015, while the rate for ambulatory surgical services will rise 1.4 percent, the federal government announced on Friday. The Medicare health insurance program for the elderly and disabled will also begin to pay doctors a monthly fee to coordinate...

  • Richard Branson on his way to rocket crash scene Friday, 31 Oct 2014 | 4:22 PM ET

    MOJAVE, Calif.— British billionaire Richard Branson is headed to California's Mojave Desert after a Virgin Galactic space tourism rocket exploded and crashed, killing one person and seriously injuring another. Officials and witnesses say Virgin Galactic's SpaceShipTwo exploded Friday after taking off on a test flight. Branson is the founder of Virgin...

  • Miss.: No money from KiOR as loan deadline arrives Friday, 31 Oct 2014 | 3:37 PM ET

    JACKSON, Miss.— Mississippi officials say they didn't get any money from faltering biofuel firm KiOR on Friday, the deadline for the company to make a $1.9 million debt payment. KiOR, based in Pasadena, Texas, has a grace period of three business days to make the payment, so it wouldn't officially break its agreement until midnight Wednesday. Mississippi could seize...

  • Microsoft promises new Office for Macs next year Friday, 31 Oct 2014 | 3:26 PM ET

    SAN FRANCISCO— After a long wait, Microsoft says it plans to release a new version of its popular Office software package for Mac computers— but not until next year. Microsoft did release one component, the Outlook email program, through the company's Office 365 subscription service, which costs $100 a year. But a full Office package for Macs was expected this year,...

  • CAPE CANAVERAL, Fla., Oct 31- A suborbital passenger spaceship being developed by Richard Branson's Virgin Galactic crashed during a test flight on Friday at the Mojave Air and Space Port in California, the company said. In May, Virgin Galactic and spaceship developer Scaled Composites, a subsidiary of Northrop Grumman Corp, switched to an alternative...

  • Spacecraft for tourists explodes on test flight Friday, 31 Oct 2014 | 2:16 PM ET

    Virgin Galactic's SpaceShipTwo blew apart after being released from a carrier aircraft at high altitude, according to Ken Brown, a photographer who witnessed the explosion. One pilot was found dead inside the spacecraft, which fell from the sky about 120 miles north of downtown Los Angeles. British billionaire Richard Branson, founder of Virgin Galactic, has...

  • US rig count up 2 to 1,929 Friday, 31 Oct 2014 | 1:46 PM ET

    HOUSTON— Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. rose by two this week to 1,929.. Texas lost five rigs, New Mexico lost three and Ohio and West Virginia each lost two. Alaska, Arkansas, California, Colorado, North Dakota, Utah and Wyoming were unchanged.

  • HOUSTON, Oct 31- Tesoro Corp doesn't expect to add stabilizers that remove flammable natural gas liquids from crude in North Dakota's prolific Bakken shale, where the company is expanding its pipeline infrastructure, Chief Executive Officer Greg Goff said on Friday. North Dakota plans to issue new rules for the treatment of crude on Nov. 13 to address the...

  • Clorox profit beats; demand for products rises Friday, 31 Oct 2014 | 12:51 PM ET

    U.S. cleaning products maker Clorox reported better-than-expected quarterly sales and adjusted profit, helped by strong demand for household products.

  • City: No active fault under Hollywood project site Friday, 31 Oct 2014 | 12:27 PM ET

    LOS ANGELES— Los Angeles building officials have signed off on geologist reports that found no active earthquake fault under the site of a proposed 16- story residential-office development in Hollywood. "We agree with their finding that there is no active fault on that specific parcel," Department of Building and Safety spokesman Luke Zamperini said...

  • Oct 31- U.S. cleaning products maker Clorox Co reported better-than-expected quarterly sales and adjusted profit, helped by strong demand for its household products and price increases in international markets. Net income from continuing operations rose to $145 million, or $1.10 per share, in the first quarter ended Sept. 30, from $139 million, or $1.05 per...

  • Clorox tops Street 1Q forecasts Friday, 31 Oct 2014 | 8:39 AM ET

    OAKLAND, Calif. _ Clorox Co. on Friday reported earnings of $90 million in its fiscal first quarter. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.03 per share. Analysts expected $1.33 billion, according to Zacks.

  • Chevron beats 3Q profit forecasts Friday, 31 Oct 2014 | 8:39 AM ET

    SAN RAMON, Calif.— Chevron Corp. on Friday reported profit of $5.59 billion in its third quarter. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $2.54 per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • Intermolecular posts 3Q loss Friday, 31 Oct 2014 | 8:18 AM ET

    SAN JOSE, Calif. _ Intermolecular Inc. on Friday reported a loss of $5 million in its third quarter. The San Jose, California- based company said it had a loss of 11 cents per share. For the current quarter ending in December, Intermolecular expects its results to range from a loss of 12 cents per share to earnings of 10 cents per share.

  • LONDON, Oct 31- Gasoline prices in all parts of the United States are tied to Brent rather than the domestic crude oil benchmark WTI, according to a detailed study published on Thursday by the Energy Information Administration. "The issue of which crude oil matters most for U.S. gasoline prices is particularly relevant as policymakers in the executive branch and...

  • Energy provider Dominion's 3Q profit falls 7 pct Friday, 31 Oct 2014 | 7:57 AM ET

    RICHMOND, Va.— Dominion Resources' third-quarter profit fell 7 percent as the energy provider spent heavily on the development of a third nuclear reactor at a Virginia facility and offshore wind operations. The Richmond company on Friday reported earnings of $529 million, or 90 cents per share, for the period ended Sept. 30, compared with $569 million, or 98 cents...

  • FORT LAUDERDALE, Fla./ ZURICH, Oct 27- From bundles of cash inside scraps of newspaper to setting up shell companies, the trial in Florida of a former UBS executive is a reminder of the extreme methods some Swiss bankers used to hide clients' cash. Raoul Weil, 54, is the highest ranking Swiss banker to be arrested in the United States and prosecutors are seeking to paint...