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  • 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.

  • No time to cook? Maybe a cyber sous chef can help Thursday, 16 Oct 2014 | 10:33 AM ET

    "The idea came out of a need my co-founders and I had in our own lives," says Matt Salzberg, co-founder and CEO of Blue Apron, a 2- year-old New York startup that delivers high-end, pre-measured ingredients to your doorstep. Supermarkets and even online giants such as Amazon and Google deliver groceries. "All these companies make the promise, whether explicit or not, of...

  • Gap approves $500M stock repurchase Thursday, 16 Oct 2014 | 10:16 AM ET

    NEW YORK— Retailer Gap said Thursday it approved the repurchase of up to $500 million in company stock. The San Francisco- based company had approved a $1 billion buyback last November. This month, the company announced that an executive focused on digital efforts, Art Peck, would replace Glenn Murphy as CEO.

  • High court clears bullet train but problems remain Thursday, 16 Oct 2014 | 5:05 AM ET

    SACRAMENTO, Calif.— California will forge ahead with plans to build the nation's first bullet train by buying land in the Central Valley and demolishing buildings in the path of the $68 billion rail line after the state Supreme Court decided not to hear an appeal from opponents of the project. Demolition and engineering work has already begun around Fresno, one...

  • Regulator recuses himself amid PG&E emails probe Wednesday, 15 Oct 2014 | 7:17 PM ET

    SAN FRANCISCO— A California Public Utilities Commission member who was involved in secret email exchanges with the state's largest utility said Wednesday he is recusing himself from several matters related to the company. Mike Florio said in a brief notice that he is removing himself from an ongoing rate case involving Pacific Gas& Electric Co. and...

  • Scant information has emerged since GT Advanced Technologies Inc filed for bankruptcy last week, wiping out most of its market value and triggering speculation about what may have soured its Apple relationship and torpedoed its prospects. GT Advanced cited strict confidentiality requirements in its Apple contracts which, if violated, carry fines of $50...

  • Netflix's stock plunges as subscriber growth slips Wednesday, 15 Oct 2014 | 4:30 PM ET

    SAN FRANCISCO— This is a sequel that Netflix shareholders never wanted to see: The world's largest Internet video service has once again turned off potential viewers with a price increase that is punishing the company's stock price. The backlash surfaced in a third-quarter earnings report that Netflix Inc. released Wednesday. Netflix's subscriber growth...

  • NEW YORK, Oct 15- U.S. Treasuries jumped on Wednesday, with 30- year bond prices touching a near two-year high as disappointing U.S. economic data stung Wall Street and aggravated widening worries about a global slowdown. Treasuries were boosted by growing signs that Europe's economies were sputtering and of disinflation in China, trends that may dull...

  • Fed survey finds moderate growth nationwide Wednesday, 15 Oct 2014 | 2:04 PM ET

    The Fed report released Wednesday said six of its 12 regions— Cleveland, Chicago, St. Louis, Minneapolis, Dallas and San Francisco— reported "moderate" growth. In the New York region, however, manufacturing growth stalled, and Boston reported weaker results than in the past few reports. Three districts— Cleveland, Chicago and San Francisco— reported stronger demand...