SAN FRANCISCO _ Dolby Laboratories Inc. on Thursday reported net income of $45.9 million in its fiscal fourth quarter. Analysts expected $216.9 million, according to Zacks. For the current quarter ending in December, Dolby Laboratories expects its per-share earnings to range from 51 cents to 55 cents.» Read More
Meanwhile, comments by the International Monetary Fund on the global economy "provide a gloomy backdrop" for the day, said Monument Securities analyst Marc Ostwald. After a weak session Monday, Wall Street opened slightly lower again, with the Dow Jones Industrial index down 0.1 percent to 13,565.45, and the S&P 500 down 0.1 percent at 1,454.61.
DOVER, Del.-- Social service agencies are teaming up with Delmarva Power to discuss wintertime energy issues affecting low-income residents in the mid-Atlantic region. Chris Coons, Dover Mayor Carleton Carey and Felecia Greer, director of the customer advocate office for Pepco Holdings, Delmarva's parent company.
ALBANY, N.Y.-- A panel of government, labor and business leaders put together to push infrastructure projects in New York is set to meet in Albany. The New York Works Task Force has a session scheduled for Tuesday afternoon. Andrew Cuomo appointed the 15 members in the spring to oversee ways of speeding up construction projects and rebuilding roads and bridges.
The West Virginia Democrat is scheduled to focus on federal efforts at increasing tourism during his address Tuesday. The conference brings together representatives from the travel industry, state and local officials and others with the aim of increasing visitors to West Virginia attractions.
LOS ANGELES-- Officials at the J. Paul Getty Museum have appointed two leaders to permanent roles at the prominent Los Angeles arts institution. Director Timothy Potts said Monday that Thomas Kren will be associate director of collections for the Getty Museum and Elizabeth Morrison will be senior curator of manuscripts.
SACRAMENTO, Calif.-- Billionaire insurance executive George Joseph has donated another $8 million to his November ballot initiative in California. The weekend contribution brings his total to $16 million in support of Proposition 33, which would let insurers charge drivers based on their history of maintaining coverage.
A statement from the Austin, Ky., company on the U.S. Food and Drug Administration's website says the varieties are Kentucky Rose, Kentucky Bleu, Awe-Brie and Tomme de Nena. The cheeses were sold to farmers markets, restaurants, distributors and retail stores in Florida, Indiana, Illinois, Kentucky, Ohio, Tennessee and Virginia between Aug. 22 and Sept. 25.
PETOSKEY, Mich.-- A Michigan candy company is recalling some of its sugar-free peanut butter fudge because an ingredient used to make it is associated with a recall linked to 35 salmonella illnesses in 19 states.
They include the reconstruction of the Brooks House in Brattleboro, which was damaged by fire last year and encouraging investment in the Blanchard Block in downtown Barre and Catamount High School in Bennington.
COLUMBUS, Ohio-- The $400 million Hollywood Casino Columbus opened Monday in Ohio's capital, welcoming hundreds of people who had waited on a chilly morning to be among the first placing bets at the table games and about 3,000 slot machines.
SACRAMENTO, Calif.-- A ballot initiative funded by a billionaire hedge fund manager is asking California voters to do what Gov. Opponents argue that repealing the tax break given three years ago would make California less friendly to multistate corporations and threaten existing jobs.
CHEYENNE, Wyo.-- Three Wyoming auto dealerships are now cleared to sell natural-gas powered vehicles to state agencies. Those dealerships are Fremont Motors, Fremont Chevrolet-GMC and Spradley Barr. Fremont Motors has several locations statewide and Spradley Barr is in Cheyenne.
ABU DHABI, United Arab Emirates-- Microsoft founder and billionaire Bill Gates on Tuesday ruled out running for office, choosing not to join the parade of rich businessmen who have tried their hand at politics.
DAMAGES: A police blogger unmasked after the Times of London hacked his email has been awarded 42,500 pounds in damages from the newspaper's publisher, News International. WHAT HAPPENED: The Times unmasked Richard Horton as the detective behind the award-winning "NightJack" blog, which provided a rare, behind-the-scenes look at policing in Britain.
NEW YORK-- TOOL TIME: Stanley Black& Decker Inc. said Tuesday that it is selling its hardware and home improvement business to Spectrum Brands Holdings Inc. for $1.4 billion in cash. RATIONALE: Spectrum says the deal will broaden its product offerings which include the Rayovac, Remington and Toastmaster brands.
FORT WORTH, Texas-- Less than two weeks after announcing plans to slash its operations in Mexico, Cash America is adding new pawn shops in the U.S. The Fort Worth, Texas, company said Tuesday that it has signed two deals for 34 locations, in Tennessee, North Carolina, Kentucky and Arizona, for $68 million to $72 million.
NEW YORK-- The owner of Olive Garden and Red Lobster restaurants is putting more workers on part-time status in a test aimed at limiting costs from President Barack Obama's health care law. Darden Restaurants Inc. declined to give details but said the test is only in four markets across the country.
RICHARDSON, Texas-- Fossil says Vice Chairman Mark Quick will retire from his post later this month and become a member of the board. This will bring Fossil Inc.' s board to 12 members. Shares of the Richardson, Texas company slipped 16 cents to $86.50 in morning trading.
SAN FRANCISCO-- The rise in California gasoline prices has slowed after recent jarring increases, but nonetheless the cost of a gallon inched up to another record high, even as officials hope their emergency action will help ease the sticker shock.
WASHINGTON-- The Supreme Court has ruled out reviving lawsuits against Halliburton Corp. over insurgent ambushes that killed civilian truck drivers in Iraq.