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  • NEW YORK— Intel is buying chip designer Altera for about $16.7 billion in cash to expand its reach into new chip markets that are powering the wireless revolution, smarter cars and more. While Intel already works with Altera on the manufacturing of certain kinds of high-end chips, Intel CEO Brian Krzanich said that owning the company will allow Intel to fully...

  • SAN FRANCISCO— Google is making its privacy controls easier to find and understand in an attempt to make the more than 1 billion users of its digital services more comfortable about the personal information that they give the Internet's most powerful company. The simpler approach debuting Monday features a redesigned "My Account" hub where all of Google's key...

  • LOS ANGELES— Dwayne "The Rock" Johnson out-muscled the competition at domestic movie theaters as the earthquake epic "San Andreas" hauled in an estimated $53.2 million over the weekend. It was Johnson's biggest debut for a non-sequel as the top-billed actor, according to box office tracker Rentrak. The action star helped the movie over-perform on the West Coast...

  • Bidding window opens for annual Buffett lunch auction Sunday, 31 May 2015 | 10:24 AM ET

    OMAHA, Nebraska— Billionaire Warren Buffett will again try to sell the world's most expensive lunch this week to raise money for a San Francisco charity that helps the poor and homeless. Over the past 15 years, Buffett's lunch auction has raised $17.9 million for the Glide Foundation. The 16th annual lunch auction starts Sunday with a $25,000 minimum bid on eBay,...

  • SAO PAULO, May 29- Panama's Copa Airlines plans to expand its route network out of Latin America despite the challenges it currently faces in Brazil, the region's biggest market, the company's chief executive officer said on Friday. The carrier, a subsidiary of Copa Holdings SA, sees further potential in a business model built on linking small and mid-sized Latin...

  • NEW YORK, May 29- The accused mastermind behind the underground website Silk Road was sentenced on Friday to life in prison for orchestrating a scheme that enabled more than $200 million of anonymous online drug sales using the digital currency bitcoin. Ulbricht had admitted to creating Silk Road, but denied wrongdoing. Ulbricht, who sniffled while speaking,...

  • At noon on a recent Wednesday in May, San Francisco's Lazy Bear restaurant began taking reservations for June. Just 45 minutes later, nearly every seat for the entire month was sold out. "The main issue is trying to manage risk, trying to incentivize patrons to keep their reservations," says Northwestern University microeconomic theorist Jeffrey Ely, noting that...

  • NEW YORK— A San Francisco man who created the underground drug-selling website Silk Road was sentenced Friday to life in prison by a judge who cited six deaths from drugs bought on his site and five people he tried to have killed. Ulbricht's 2013 arrest shut down what prosecutors described as an unprecedented one-stop online shopping mall where the supply of...

  • NEW YORK, May 29- The accused mastermind behind the underground website Silk Road will be sentenced on Friday for orchestrating a scheme that enabled more than $200 million of anonymous online drug sales using the digital currency bitcoin. District Judge Katherine Forrest must impose on Ulbricht, who admitted to creating Silk Road but denied wrongdoing.

  • SAN FRANCISCO— Apple has bought a company that makes augmented-reality software, which adds information or images to real-world scenes when viewed through a special headset or even a smartphone camera. Apple, Google, Facebook and Microsoft are all working on augmented- or virtual-reality products. Apple on Thursday confirmed the purchase of Munich- based...

  • But he said it was accelerated by a firestorm that erupted three months ago when researchers found a worrisome security flaw in Superfish software that came pre-installed on some laptop computers sold by Lenovo. Lenovo said it thought consumers would find that useful, but critics called it intrusive and annoying. The discovery prompted consumer lawsuits...

  • Splunk reports 1Q loss Thursday, 28 May 2015 | 4:15 PM ET

    SAN FRANCISCO _ Splunk Inc. on Thursday reported a loss of $71.2 million in its fiscal first quarter. Fifteen analysts surveyed by Zacks expected $118.3 million. For the current quarter ending in July, Splunk said it expects revenue in the range of $138 million to $140 million.

  • New tech is changing the restaurant reservations game Thursday, 28 May 2015 | 3:02 PM ET

    At noon on a recent Wednesday in May, San Francisco's Lazy Bear restaurant began taking reservations for June. Just 45 minutes later, nearly every seat for the entire month was sold out. "The main issue is trying to manage risk, trying to incentivize patrons to keep their reservations," says Northwestern University microeconomic theorist Jeffrey Ely, noting that...

  • Google offers unlimited free storage of photos, videos Thursday, 28 May 2015 | 3:01 PM ET

    SAN FRANCISCO— Google is willing to store and organize all of the world's digital photos and videos for free. The online photo service announced Thursday is the latest example of Google's desire to wrap its tentacles around virtually every part of people's lives. "There has been a renaissance in the thinking of what Google Plus is for," said Bradley Horowitz,...

  • Google unveils Android's latest technological tricks Thursday, 28 May 2015 | 1:50 PM ET

    SAN FRANCISCO— Google's next version of its Android operating system will boast new ways to fetch information, pay merchants and protect privacy on mobile devices as the Internet company duels with Apple in the quest to make their technology indispensable. The upgrade will give Android's personal assistant, Google Now, expanded powers of intuition that may...

  • TREASURIES-Long-dated yields edge higher on profit-taking Thursday, 28 May 2015 | 10:40 AM ET

    *Treasury to sell $29 bln in 7- yr notes. NEW YORK, May 28- U.S. long-dated Treasury yields edged higher on Thursday after traders took profit following a recent price rally, while data showing that U.S. weekly jobless claims unexpectedly rose drew some demand for short-dated notes. "We've seen some month-end buying all week," said Kim Rupert, managing director at...

  • Uber, Lyft push back against proposed NYC regulations Thursday, 28 May 2015 | 9:58 AM ET

    NEW YORK— Representatives of Uber and Lyft warned Thursday that a New York City effort to regulate app-based ride-hailing services will stall innovation and threaten competition. The regulations "will be crushing to our thousands of drivers," Michael Allegretti, New York head of public policy for San Francisco- based Uber, said at a public hearing of New York's...

  • Amazon to offer free same-day delivery to Prime members Thursday, 28 May 2015 | 6:11 AM ET

    Amazon says starting Thursday more than 1 million items including books, electronics and vacation gear will be eligible for same-day delivery in 14 metro areas including New York, Los Angeles, the San Francisco Bay Area, Philadelphia, Phoenix and Atlanta. Orders under $35 can still have one day delivery, it just costs $5.99. Previously the service cost $5.99 for...

  • Etihad Airways profit jumps by over half to $73 million Thursday, 28 May 2015 | 4:53 AM ET

    DUBAI, United Arab Emirates— Etihad Airways, the United Arab Emirates' fast-growing national carrier, said Thursday its profit rose by more than half to $73 million last year but warned that "aggressive protectionist sentiment" in the West threatens its future prospects. The government-backed airline, which has bought up stakes in several foreign carriers...

  • DUBAI, May 28- Abu Dhabi's Etihad Airways, one of three Gulf airlines that U.S. rivals say benefit from state subsidies, reported a 52 percent rise in annual profit on higher passenger numbers and increased revenue from cargo and partner airlines. Unlike Dubai- based rival Emirates, Etihad has based part of its expansion on investing in other carriers and owns...