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  • Anheuser-Busch is buying Seattle's Elysian Brewing Co., further expanding its collection of craft brewers as it tries to offset sagging sales of its flagship beers. That follows the purchase of Blue Point Brewing Co. on Long Island, New York, earlier in the year. It bought Goose Island Beer Co. in Chicago in 2011. InBev also has a one-third share in a Northwest...

  • Starbucks' 1Q profits soar on strong sales, traffic Thursday, 22 Jan 2015 | 4:09 PM ET

    NEW YORK— Starbucks Corp.' s fiscal first-quarter earnings soared 82 percent as the coffee chain attracted more customers around the globe who snapped up an expanded offering of food and drinks over the holidays. Starbucks has enjoyed healthy sales growth, but is seeking to keep its momentum going by expanding on a number of fronts. Another way it's driving...

  • Precision Castparts misses Street 3Q forecasts Thursday, 22 Jan 2015 | 5:03 AM ET

    PORTLAND, Ore. _ Precision Castparts Corp. on Thursday reported fiscal third-quarter earnings of $445 million. Precision Castparts expects full-year earnings to be $12.80 to $12.90 per share. Precision Castparts shares have declined 13 percent since the beginning of the year, while the Standard& Poor's 500 index has declined slightly more than 1 percent.

  • The economics aren't easy, said Girard co-owner Brian Oliveira. The unusual model highlights a debate about pay and conditions in an industry that employs 10 percent of the U.S. workforce, according to the National Restaurant Association. The group doesn't track the number of no-tip models among the nation's nearly 1 million eateries, but examples have popped...

  • Pacific Continental misses Street 4Q forecasts Wednesday, 21 Jan 2015 | 5:21 PM ET

    EUGENE, Ore. _ Pacific Continental Corp. on Wednesday reported fourth-quarter net income of $3.6 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 23 cents per share. Pacific Continental shares have declined almost 7 percent since the beginning of the year.

  • NEW YORK— Except for CBS, the broadcast networks mostly closed up shop last week. At least, that's the suggestion from Nielsen, which says the average prime-time audience for CBS matched the total viewership for ABC, Fox and NBC. Meanwhile, CBS logged a dozen of the week's Top 20 shows and Fox scored three, effectively shutting out ABC and NBC.

  • Brewing goliaths struggle to fit in at craft beer party Wednesday, 21 Jan 2015 | 8:48 AM ET

    NEW YORK/ BRUSSELS, Jan 21- At Top Hops on Manhattan's hip Lower East Side, drinkers can choose from 20 beers on tap from Dark Penance to Devil Dancer and over 600 more in bottles. The bar is tapping into the surge in demand for craft beers and finds only the occasional customer opting for Budweiser or other brands of the two major brewers Anheuser-Busch InBev and...

  • Ford Mustang goes global with first shipment to China Tuesday, 20 Jan 2015 | 11:17 AM ET

    DETROIT— The Ford Mustang is on its way to China. Ford says its first shipload of around 100 Mustangs has left Portland, Oregon, and is headed to China. The Explorer SUV and Lincoln MKC are also sold in China.

  • Measles outbreak includes 5 Disney theme park employees Tuesday, 20 Jan 2015 | 10:25 AM ET

    ANAHEIM, Calif.— A recent measles outbreak traced to Disney theme parks in California includes five park employees who were infected, officials said Tuesday. Several dozen measles cases have emerged in California, four other states and Mexico in the outbreak linked to December visits to Disney theme parks in Orange County. Orange County has confirmed 18 cases...

  • 2 dancers sue Oregon strip club for unpaid wages Friday, 16 Jan 2015 | 1:37 PM ET

    PORTLAND, Ore.— A Portland strip club that gained national attention for its vegan menu has been accused of withholding more than meat. Two former Casa Diablo dancers, Matilda Bickers and Amy Pitts, contend in a federal lawsuit they did not receive the minimum wage and were subjected to unwanted touching by customers and bouncers. Casa Diablo manager Johnny Zukle...

  • NEW YORK— Shares of Precision Castparts plunged Friday, a day after the maker of metal components and products warned that it faced weaker demand from its oil and gas industry customers during the third quarter. Precision Castparts, based in Portland, Oregon, also provided financial estimates for the third quarter late Thursday that missed Wall Street...

  • 'Wild' author Strayed wows overflow Oregon State crowd Friday, 16 Jan 2015 | 10:00 AM ET

    CORVALLIS, Ore.— Nearly 2,000 people thronged an Oregon college auditorium for an appearance by the author of "Wild," hours after a movie based on the best-selling memoir about a thousand-mile hike earned two Oscar nominations. Cheryl Strayed wrote the book about her walk along the Pacific Crest Trail in 1995 and described it Thursday to an overflow audience at...

  • Landon, a partner at private investment fund Community BanCapital, was chief executive of the Bank of Hawaii from 2004 until 2010. Previously, he had worked as the bank's chief financial officer and as CFO at First American in Tennessee. Several lawmakers on Capitol Hill had urged the White House to name someone with community banking experience to one of the...

  • Federal Reserve's Board of Governors, a source briefed by the White House said on Tuesday. Landon, a partner with private investment fund Community BanCapital, served as chief executive officer of the Bank of Hawaii from 2004 until 2010. The source said the White House would announce the nomination later on Tuesday. Several lawmakers on Capitol Hill have urged...

  • WASHINGTON, Jan 2- The White House will soon announce a nominee to the Federal Reserve Board, a person familiar with the matter said on Friday, in a move that would begin the process of filling one of the Fed's two empty seats in Washington. The person said the White House will announce a nominee next week or the following week, adding that the nominee will likely have a...

  • Jan 2- A federal judge rejected Uber Technologies Inc's bid not to disclose emails from Chief Executive Travis Kalanick in a California lawsuit accusing the popular ride-booking service of deceiving customers about how it shares tips with drivers. District Judge Edward Chen's order in San Francisco was the latest setback for Uber, which has drawn criticism...

  • Jan 2- A federal judge rejected Uber Technologies Inc's bid not to disclose emails from Chief Executive Travis Kalanick in a California lawsuit accusing the popular ride-booking service of deceiving customers about how it shares tips with drivers. District Judge Edward Chen's ruling in San Francisco was the latest setback for Uber, which has drawn...

  • New year brings wage hike for millions of workers Thursday, 1 Jan 2015 | 3:28 PM ET
    Protesters march through the streets demanding a raise on the minimum wage to $15 per hour on Dec. 4, 2014, in New York.

    With the onset of the new year, 29 states will exceed the federal minimum wage of $7.25 an hour at the beginning of January.

  • JUNEAU, Alaska, Dec 31- Former U.S. Democratic Senator Mike Gravel, who represented Alaska in the 1970 s, said on Wednesday he would head a Nevada company that develops and markets cannabis throat lozenges and other products in states that have taken steps to legalize weed. Gravel's appointment comes two months after Alaska and Oregon voted to legalize marijuana...

  • CHICAGO, Dec 29- United Parcel Service Inc and FedEx Corp are rolling out new pricing systems to curb online retailers' large package sizes, but industry experts warn many small firms are unprepared and could pay up to 50 percent more for shipping. Memphis- based FedEx will roll out the same change on Jan 5. UPS and FedEx announced the change in May and have worked to...