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  • China's new tech rules play to local firms' strengths Thursday, 29 Jan 2015 | 11:59 PM ET

    BEIJING/ SAN FRANCISCO, Jan 30- Draft Chinese government regulation would force technology vendors to meet stringent security tests before they can sell to China's banks, an acceleration of efforts to curb the country's reliance on foreign technology that has drawn a sharp response from U.S. business groups. Western companies say the rules have not yet been...

  • NEW YORK, Jan 29- Alibaba Group's surprise revenue miss sent shares plunging on Thursday, but some investors say their enthusiasm for the Chinese e-commerce giant has not cooled given its long-term potential. Alibaba shares fell 8.8 percent on Thursday to close at $89.81, sending the stock below its Sept. 19 first-day opening price of $92.70, after reporting...

  • India woman sues Uber after reporting driver raped her Thursday, 29 Jan 2015 | 5:18 PM ET

    SAN FRANCISCO— A woman who says an Uber driver raped her in New Dehli, India, on Thursday accused the company in a lawsuit filed in U.S. court of failing to properly investigate the alleged assailant's background. The alleged rape last month prompted widespread protests in India against sexual violence and led to demands there for more effort to ensure women's...

  • SAN FRANCISCO, Jan 29- A U.S. judge on Thursday said it was "very difficult" to decide whether drivers for smartphone-enabled car service Lyft are employees or independent contractors, but that California law appears to favor the drivers. Lyft and larger rival Uber face separate lawsuits seeking class action status in San Francisco federal court, brought on...

  • Riverbed tops 4Q profit forecasts Thursday, 29 Jan 2015 | 5:03 PM ET

    SAN FRANCISCO _ Riverbed Technology Inc. on Thursday reported fourth-quarter earnings of $49.7 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 32 cents per share. Analysts expected $287.4 million, according to Zacks.

  • SAN FRANCISCO— Google has gotten into the habit of missing analysts' earnings targets, frustrating investors who believe the online search leader would be more profitable it wasn't pouring so much money into far-flung projects such as Internet-connected eyewear and driverless cars. The latest letdown came Thursday with the release of Google's...

  • SAN FRANCISCO, Jan 29- A passenger who said she had been raped by an Uber driver in India's capital sued the online car service in U.S. federal court on Thursday, claiming the company failed to maintain basic safety procedures. India is Uber's largest market outside the United States by the number of cities covered, and the country's radio taxi market is estimated...

  • SAN FRANCISCO— The FBI has released photos made from surveillance video of three masked thieves stealing historic gold nuggets on display at a San Francisco bank museum after ramming a stolen SUV through its revolving door. San Francisco police say the robbers took up to 10 ounces of gold worth roughly $10,000 early Monday. One of the robbers held a gun to a...

  • Wireless carriers Verizon Communications Inc, AT&T Inc and T-Mobile US Inc, satellite TV provider Dish Network Corp and others vied for new slices of airwaves to satisfy the growing consumer demand for streaming video and other data-guzzling applications. The auction presented the largest opportunity for companies to buy new wireless spectrum since...

  • Smartphone Snapshot: Samsung getting squeezed Thursday, 29 Jan 2015 | 3:01 PM ET

    SAN FRANCISCO— The runaway success of Apple's newest iPhone has fueled a dramatic shift in the global market: the California tech giant is now neck-and-neck with South Korea's Samsung for the title of world's leading seller of smartphones. Apple set the standard for modern smartphones when it released the first iPhone in 2007, but Samsung has been the market...

  • WASHINGTON, Jan 29- The U.S. Federal Communications Commission raised a record-breaking $44.9 billion in the auction of so-called AWS-3 airwaves that closed on Thursday, far surpassing the expectations of experts and industry analysts. Major bidders included wireless carriers Verizon Communications Inc, AT&T Inc and T-Mobile US Inc as well as satellite TV...

  • NEW YORK— Gap has named Scott Key as senior vice president and general manager of customer experience, as the retailer looks to connect more with its shoppers. The move comes as Art Peck is set to become CEO of Gap in February. The Gap Inc. also announced Thursday that it is eliminating the post of creative director.

  • COLUMN-College is not just for the young Thursday, 29 Jan 2015 | 12:25 PM ET

    DCI is similar to a Harvard University's Advanced Learning Initiative, launched in 2009. Both are one-year programs that focus on elite "C-suite" leaders looking to transform the second half of their careers, and both are expensive. DCI costs $60,000, not including housing; tuition and other costs of the Harvard program are similar. Pizzo, who just turned 70,...

  • Jan 29- Alibaba Group Holding Ltd's quarterly revenue fell short of analysts' expectations, showing signs of a slowdown in the Chinese e-commerce company's scorching growth. Alibaba's shares fell 7 percent in premarket trading on Thursday. Alibaba's second quarterly report card since its record-breaking $25 billion IPO still underscored how it has...

  • Alibaba holiday-quarter revenue disappoints Thursday, 29 Jan 2015 | 7:10 AM ET

    Jan 29- Alibaba Group Holding Ltd's quarterly revenue fell short of analysts' expectations, showing signs of a slowdown in the Chinese e-commerce company's growth during the hard-fought holiday shopping season. Revenue rose 40 percent to $4.22 billion in the December quarter, missing the average analyst estimate of $4.45 billion, according to Thomson...

  • Ducey explains decision to stop citing Uber, Lyft drivers Thursday, 29 Jan 2015 | 12:44 AM ET

    Doug Ducey on Thursday said he stopped state regulators from citing drivers for rideshare companies such as Uber and Lyft because the policy wasn't working and was hampering job creation. It comes as the Legislature works on a deal allowing the new and growing ridesharing industry to operate legally while protecting consumers. The Legislature passed a bill...

  • Deadly San Francisco blaze spurs look at fire alarms Thursday, 29 Jan 2015 | 12:29 AM ET

    SAN FRANCISCO— Residents fleeing a massive blaze that killed a man and injured five people as it ripped through a San Francisco building told officials they did not hear fire alarms and could not get to fire escapes. Authorities were examining whether safety equipment, including the sprinkler system, had been working properly after several people reported...

  • SEOUL, South Korea— Samsung lost the battle of the big phones last quarter as Apple's copycat large iPhone lured buyers in the crucial Chinese market. Samsung accounted for nearly one third of global smartphone sales in 2013, twice as much as Apple. Apple Inc. was behind Samsung's latest reversal in fortune, launching iPhones with bigger screens that robbed...

  • WASHINGTON, Jan 28- The Federal Reserve on Wednesday said the U.S. economy was expanding "at a solid pace" with strong job gains in a signal that the central bank remains on track with its plans to raise interest rates this year. "The committee, in fact, was downright bullish on current economic conditions and the outlook," said Paul Edelstein, director of financial...

  • *Fed says to keep "patient" approach on rates. NEW YORK, Jan 28- U.S. stocks closed down on Wednesday, driven by a sharp decline in the S&P 500 energy sector, after the Federal Reserve said the domestic economy was growing at a solid pace, signaling it remains on track to raise interest rates later this year. While many market participants said they were unsurprised by the...