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  • Yahoo CEO defends strategy in face of criticism Tuesday, 21 Oct 2014 | 8:27 PM ET

    SAN FRANCISCO— Signaling her reign has reached a pivotal juncture, Yahoo CEO Marissa Mayer is trying to convince restless shareholders that the long-struggling Internet company is heading in the right direction. Starboard contends that since Mayer became CEO in July 2012, Yahoo has been wasting money on ill-advised acquisitions and a bloated payroll while...

  • 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,...

  • 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...

  • 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...

  • 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.

  • 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...

  • 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...

  • China to pitch high-speed trains to California Monday, 20 Oct 2014 | 10:49 PM ET

    SHANGHAI, Oct 21- State-backed China CNR Corporation is making a pitch to sell its high-speed trains to California, signalling China's growing export ambitions for such technology after building the world's longest network in just seven years. It marks the first concrete attempt by China to sell high-speed locomotives abroad and establish itself as a...

  • Oct 20- Online book retailer Amazon.com Inc said on Monday it has signed a multiyear deal with Simon& Schuster Inc, the second Big-Five book publisher, on the future price of e-books. Amazon, which had been in talks with Simon& Schuster since July over pricing, confirmed the deal first reported by the Business Insider news blog that the two had reached an agreement.

  • SAN FRANCISCO, Oct 20- Apple Inc's iCloud storage and backup service in China was attacked by hackers trying to steal user credentials and other information, a cybersecurity blog charged on Monday, saying it believes the country's government is behind the campaign. Unknown "Chinese authorities" interposed their own website between users and Apple's iCloud,...

  • SAN FRANCISCO, Oct 20- Microsoft Corp will provide free cloud-computing and research applications to qualified medical researchers working on the Ebola virus, the software company's chief executive said on Monday. Azure is the name of Microsoft's cloud-computing platform, essentially a group of datacenters that allow users to access large amounts of...

  • Record iPhone sales drive Apple's 3Q beat Monday, 20 Oct 2014 | 4:39 PM ET

    SAN FRANCISCO— The iPhone again proved to be the engine behind Apple's blockbuster financial performance, driving quarterly results well past expectations. He said the new iPhone models are "what's going to put fuel in Apple's growth engine." Apple said iPhone sales rose 21 percent over the same period a year earlier.

  • BUSINESS-NEWS-SCHEDULE AT 1830 GMT / 2:30 p.m. ET Monday, 20 Oct 2014 | 2:52 PM ET

    International Business Machines Corp reports a marked slowdown in business in September and abandons its 2015 operating earnings target, as weak client spending and a slumping software sector weighed down quarterly revenue. Valeant Pharmaceuticals International Inc says it may raise its bid for Botox maker Allergan Inc to more than $200 per share; the...

  • Justices will decide privacy case on hotel records Monday, 20 Oct 2014 | 9:36 AM ET

    WASHINGTON— The Supreme Court agreed Monday to referee a dispute over police access to hotels' guest information without first getting a search warrant. The justices said they will hear an appeal by the city of Los Angeles of a lower court ruling that struck down an ordinance that requires hotel operators to open their guest registries at the demand of police.

  • Microsoft CEO launches diversity training effort Friday, 17 Oct 2014 | 12:13 PM ET

    SAN FRANCISCO— Still working to repair damage caused by his gaffe about women seeking pay raises, Microsoft CEO Satya Nadella has again apologized to employees and announced in a company-wide memo that all workers will receive expanded training on how to foster an inclusive culture. Microsoft's female employees in the United States earn 99.7 percent of what...

  • NEW YORK, Oct 16- Wells Fargo is closing down its alternative trading system, or "dark pool," due to decreased customer demand, the company said on Thursday. The move by Wells Fargo comes as regulatory scrutiny over dark pools has intensified over concerns about the lack of transparency in the trading venues. Wells Fargo's dark pool ranks 32nd out of 41 alternative...

  • NEW YORK, Oct 16- A former analyst at a San Francisco hedge fund who prosecutors say engaged in an "unparalleled" spree of tipping inside information he obtained from an executive at Foundry Networks Inc was sentenced on Thursday to five years in prison. District Judge Robert Patterson in Manhattan to pay $653,890 in fines and forfeitures for his role in a...

  • Ex-analyst gets 5 years in prison in NYC case Thursday, 16 Oct 2014 | 4:18 PM ET

    NEW YORK— A former investment analyst for a San Francisco hedge fund was sentenced Thursday to five years in prison after prosecutors labeled him one of the most prolific leakers of inside information they'd ever seen. Before hearing the sentence in federal court in Manhattan, a tearful Matthew Teeple apologized for bringing shame to his family.

  • Google's 3Q earnings fall as expenses climb 30 pct Thursday, 16 Oct 2014 | 4:16 PM ET

    SAN FRANCISCO— Google's third-quarter earnings slipped as the Internet search leader hired nearly 3,000 more employees while pouring more money into its zest for innovation and quest for new markets. The results announced Thursday fell below analyst estimates, causing Google's stock to drop by $12.92, or 2.4 percent, to $524 in extended trading.