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  • NEW YORK— Amazon.com Inc.' s fourth-quarter earnings roundly beat analyst expectations, sending the Seattle e-commerce giant's stock soaring 14 percent in aftermarket trading. Investors have long wanted Amazon to show some restraint as it invests in its business, and this metric seemed to be a sign that Amazon is willing to do that. Wedbush Securities analyst...

  • Jan 29- Bankrupt drugmaker Dendreon Corp has reached a stalking-horse deal with Canada's Valeant Pharmaceuticals International Inc to sell the worldwide rights to its cancer vaccine, Provenge, and certain assets for $296 million. The deal is subject to higher and better bids and extended the bid deadline to Feb. 10 for interested parties to participate in an...

  • Valeant to buy worldwide rights to Dendreon's Provenge Thursday, 29 Jan 2015 | 9:29 PM ET

    Jan 29- Valeant Pharmaceuticals International Inc said it would buy the worldwide rights of Dendreon Corp's Provenge drug and certain other assets through a "stalking horse" deal for $296 million. Seattle- based Dendreon filed for bankruptcy protection in November, after sales of its cancer vaccine fell short of expectations and left the company deep in debt.

  • Amazon's big spending pays off in 4th quarter Thursday, 29 Jan 2015 | 5:14 PM ET

    NEW YORK— It was a Prime quarter for Amazon. Amazon surprised investors on Thursday with a fourth-quarter profit that soundly beat expectations, despite a continued increase in spending and a slight sales miss, partly linked to the strong dollar. After raising Amazon's price to $99 from $89 last year, Amazon beefed up offerings, added a grocery delivery services...

  • Amazon shares spike as 4Q profit beats by a mile Thursday, 29 Jan 2015 | 4:09 PM ET

    Amazon's strategy always has been to spend a big chunk of the money it makes to grow and expand into new areas like cloud computing, streaming video and hardware— and that has affected profitability to investors' sometime chagrin. Amazon earned 45 cents per share for the three months ended in December, easily topping Wall Street expectations.

  • NEW YORK, Jan 29- Time Warner's HBO is preparing to sell a standalone service over the Internet for the first time, in one of the most closely watched moves in pay TV history. The idea was that the technology would not only support HBO but potentially other Time Warner offerings, such as Turner Broadcasting and Warner Bros. But these sources said that much of the plan...

  • SEATTLE— A plan to allow Royal Dutch Shell PLC to use Seattle's waterfront as a homeport for its Arctic drilling fleet is drawing opposition from environmental groups that say it's not consistent with the region's environmental goals. Several state and national groups, and local city leaders on Wednesday urged the Port of Seattle to halt lease negotiations...

  • LOS ANGELES, Jan 27- Negotiators for major shipping lines and the union representing 20,000 dockworkers have reached a tentative agreement on the maintenance of cargo chassis, overcoming a key hurdle in protracted contract talks for 29 U.S. West Coast ports. "A tentative agreement was reached on the chassis topic, and we are hopeful that this will allow us to move...

  • LIHUE, Hawaii— The owner of one of two small planes that crashed-landed in the Pacific Ocean off Hawaii over the weekend is crediting a novice pilot with staying calm and ensuring the survival of all four people onboard, including a baby. The pilot of the single-engine Cessna flying from Kauai to Oahu declared an emergency Sunday evening, saying the aircraft was...

  • SEATTLE— American Indian tribes wrestling with whether to legalize marijuana have scheduled a national conference on the topic next month in Washington state. Organizer Robert Odawi Porter, a tribal law expert and former president of Seneca Nation in New York, says there's been a lot of discussion among tribes since the Justice Department announced in...

  • Senate bill calls for end to Seattle tunnel project Tuesday, 27 Jan 2015 | 1:17 PM ET

    SEATTLE— Two state senators say it's time to scrap the stalled Seattle tunnel project and bury Bertha, the broken-down $80 million state-of-the-art drilling machine, so the transportation department can find alternatives to fix or replace the viaduct that carries traffic along the city's waterfront. Curtis King, chairman of the Senate Transportation...

  • Gov. Inslee's cap-and-trade plan makes polluters pay Tuesday, 27 Jan 2015 | 12:47 PM ET

    About three dozen people from across the state testified before the House Environment Committee on a bill to cap the overall amount of carbon emissions in the state and require major polluters to pay for each metric ton of carbon released. Joe Fitzgibbon, D- Burien, who chairs the committee, said the impacts of climate change are real and the state can't afford to...

  • HomeStreet beats 4Q profit forecasts Tuesday, 27 Jan 2015 | 5:08 AM ET

    SEATTLE _ HomeStreet Inc. on Tuesday reported fourth-quarter net income of $5.6 million, after reporting a loss in the same period a year earlier. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 28 cents per share. HomeStreet shares have declined 2 percent since the beginning of the year.

  • LOS ANGELES— Negotiators working on a new contract for dockworkers at West Coast seaports, which handle about $1 trillion worth of cargo annually, have resolved a key dispute in their difficult talks, an association representing employers said Monday. "This has been a major topic of conversation for a few weeks, and with this tentative agreement, the hope is we can...

  • Plum Creek Timber tops Street 4Q forecasts Monday, 26 Jan 2015 | 4:18 PM ET

    SEATTLE _ Plum Creek Timber Co. on Monday reported fourth-quarter net income of $68 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 34 cents per share. Analysts expected $415 million, according to Zacks.

  • European pension funds lobby Oracle on pay, governance Sunday, 25 Jan 2015 | 11:12 PM ET

    Jan 25- Two European pension funds have written a letter to Oracle Corp complaining about leading shareholder Larry Ellison's large influence over the U.S. business software company and urging it to allow outsider shareholders a greater say in the company's unpopular pay policies. In a letter addressed to the Oracle board that was seen by Reuters, the...

  • Starbucks Corp. CEO Howard Schultz received a 24 percent increase in his compensation package for 2014.. Starbucks' total revenue increased 11 percent to $16.45 billion in its fiscal year 2014 and its adjusted net income per share rose 21 percent to $2.66. Schultz is the chairman, president and CEO of Starbucks.

  • Amazon to start collecting sales tax in Illinois Friday, 23 Jan 2015 | 4:05 PM ET

    CHICAGO— Amazon will start collecting sales tax from Illinois consumers next month to comply with a new state law, the company said. Illinois lawmakers passed the measure last year after the state Supreme Court threw out an earlier attempt at legislation. "We want to say welcome, Amazon, to Illinois," said Rob Karr of the Illinois Retail Merchants Association.

  • Anheuser-Busch is buying Seattle's Elysian Brewing Co., further expanding its collection of craft brewers as it tries to offset sagging sales of its flagship beers. That follows the purchase of Blue Point Brewing Co. on Long Island, New York, earlier in the year. It bought Goose Island Beer Co. in Chicago in 2011. InBev also has a one-third share in a Northwest...

  • Ante up: This year's weirdest Super Bowl bets Friday, 23 Jan 2015 | 1:47 PM ET

    Bettors will be trying to cash in on hundreds of weird bets tied to the Super Bowl. Did someone mention a Punxsutawney Phil?