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  • Amazon misses Street 3Q forecasts Thursday, 23 Oct 2014 | 4:12 PM ET

    SEATTLE _ Amazon.com Inc. on Thursday reported a third-quarter loss of $437 million. Analysts expected $20.82 billion, according to Zacks. For the current quarter ending in December, Amazon said it expects revenue in the range of $27.3 billion to $30.3 billion.

  • Alaska Air beats 3Q earnings expectations Thursday, 23 Oct 2014 | 8:15 AM ET

    SEATTLE— Alaska Air Group Inc. on Thursday reported third-quarter net income of $198 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.41 per share. Alaska Air shares have risen 27 percent since the beginning of the year.

  • UPDATE 4-Boeing profit jumps 18 pct, but cash is scarce Wednesday, 22 Oct 2014 | 3:01 PM ET

    Last year, Boeing blew past its cash forecast, booking $9.7 billion in operating cash flow before pension contributions, compared with a forecast of more than $8.5 billion. But this year Boeing has a lower forecast of more than $7 billion, and in the first nine months has booked only $4.6 billion. He didn't provide details, and Boeing's official forecast rose to "...

  • The top 20 US cities for tech startup funding Wednesday, 22 Oct 2014 | 1:44 PM ET

    About half of that funding went to San Francisco and Silicon Valley, according to the National Venture Capital Association. 1. San Francisco, $9.32 billion, 506 deals. 2. San Jose, California, $3.78 billion, 237 deals.

  • 'Silicon Beach' brings tech boom to Los Angeles Wednesday, 22 Oct 2014 | 1:41 PM ET

    LOS ANGELES— So long Silicon Valley. In the past few years Google, Microsoft, Facebook, and YouTube have opened offices on the west side of Los Angeles from Santa Monica south to Venice and Playa del Rey. "Historically, Silicon Valley has been the center of gravity for tech and startups but I think more and more, these types of companies can be built anywhere," says Erik...

  • The company earned $1.36 billion, or $1.86 per share, for the third quarter ended Sept. 30, up from $1.16 billion, or $1.51 per share, a year earlier. The results easily topped analyst forecasts of $1.97 a share for core earnings and $1.86 for GAAP earnings per share, according to Thomson Reuters I/B/E/S. For 2014, the company said it expects core earnings to be between...

  • Website asks high court to throw out lawsuit Wednesday, 22 Oct 2014 | 2:14 AM ET

    SEATTLE— A lawyer told the Washington Supreme Court on Tuesday that a lawsuit filed by three young girls who were sold as prostitutes on a website should be thrown out because the website didn't write the ads, so it's not liable. "No one has the right to sell a kid for sex," said Jo Lembo, with Shared Hope International. " A similar case was filed last week in federal court in...

  • Oct 21- Airbus Group NV said on Tuesday that it has begun offering airlines a long-range version of its A321neo jetliner, aimed at replacing Boeing Co's 757 jetliner, a long-range single-aisle jet that is no longer in production. "The long-range version of the A321neo will be the ideal 757 replacement with true transatlantic range, 25 percent lower fuel burn and...

  • Digging starts for stalled Seattle tunnel machine Tuesday, 21 Oct 2014 | 1:47 PM ET

    SEATTLE— Contractors building a new highway tunnel under downtown Seattle have started digging a 120- foot pit to rescue a stalled boring machine named Bertha. Seattle Tunnel Partners also is pumping out groundwater as it digs the 80- foot-wide pit near the Seattle waterfront. The $80 million, five-story-tall boring machine overheated and came to a stop last...

  • Oct 21- Omeros Corp said it suspended enrolment in a mid-stage study testing its experimental Huntington's drug as the company evaluates data from a concurrent trial in rats, sending its shares down 10 percent before the bell. The drug has been well tolerated in all human trials, Omeros said. The U.S. Food and Drug Administration has asked the company to further...

  • Lawsuit claims website aids child sex trafficking Tuesday, 21 Oct 2014 | 2:55 AM ET

    SEATTLE— The Washington Supreme Court is set to hear arguments in a case filed by three sex trafficking victims who say the website Backpage.com helps promote the exploitation of children. A federal case was filed in Boston last week. Backpage.com asked a Supreme Court judge to dismiss the case.

  • New atlas will help find 'gaps' in crop production Monday, 20 Oct 2014 | 2:45 PM ET

    LINCOLN, Neb.— A new mapping tool unveiled Monday and developed by the University of Nebraska and other project partners could help boost global crop production while conserving land and water. The Global Yield Gap Atlas allows farmers, governments and businesses to estimate the "gap" between potential and actual crop yields based on plant, soil and climate data...

  • Russell Investments, Ft. Lauderdale fund ax Pimco Friday, 17 Oct 2014 | 8:49 AM ET
    Bill Gross

    Russell Investments and the Fort Lauderdale Police & Fire Retirement System dropped PIMCO as their bond portfolios manager following the exit of Bill Gross.

  • NEW YORK, Oct 16- Russell Investments and the Fort Lauderdale Police& Fire Retirement System said on Thursday they dropped Pacific Investment Management Co as the manager of their bond portfolios following the departure of Bill Gross in late September. Gross, who managed the Pimco Total Return Fund and co-founded the firm over 40 years ago, resigned on Sept. 26 to...

  • Starbucks to roll out 'pay ahead' option in 2015 Thursday, 16 Oct 2014 | 4:03 PM ET

    NEW YORK— Starbucks says it will start letting customers across the country place orders ahead of time on their smartphones by next year. The "pay ahead" option is intended to help win over customers who might otherwise be discouraged by the lines and waits at Starbucks, particularly during the morning rush. To drive traffic to its cafes this holiday season,...

  • Russian man: not guilty to new hacking charges Thursday, 16 Oct 2014 | 1:36 PM ET

    SEATTLE— A Russian man accused of hacking into U.S. businesses pleaded not guilty Thursday to new charges filed by the U.S. Attorney's Office. Roman Seleznev's new lawyer, Steven Fogg, also told the federal judge that they "object to the manner in which Mr. Seleznev, the son of Russian Parliament member Valery Seleznev, was arrested in the Maldives in July and taken to...

  • 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...

  • Amazon hires 80K seasonal holiday workers Thursday, 16 Oct 2014 | 12:02 AM ET

    At the centers packages are sorted by ZIP code and then transported to U.S. Postal Service offices. The pace of hiring at a retailer can serve as an indicator of expectations for the holiday shopping season, which accounts for 20 percent of the industry's annual sales, according to the National Retail Federation, a trade group. Overall, the National Retail...

  • Trust sues former Washington Mutual directors Wednesday, 15 Oct 2014 | 1:46 PM ET

    SEATTLE— The trust responsible for distributing any remaining assets of Washington Mutual Inc. to unsecured creditors is suing the company's former directors and officers over a $500 million transfer that occurred just before Washington Mutual Bank was seized. The Seattle Times reports that according to the lawsuit, Washington Mutual Inc. transferred...

  • Giffords begins 9-state tour on women, guns Tuesday, 14 Oct 2014 | 2:17 AM ET

    Gabby Giffords on Tuesday urged women in Maine to help prevent stalkers and abusers from getting guns, part of a nine-state tour to advocate for tougher laws she says can protect domestic violence victims. The former Arizona congresswoman, who was severely wounded in a 2011 shooting in Tucson that killed six people, told law enforcement officials, domestic...