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  • SAN FRANCISCO— Artificial reality startup Magic Leap is accusing two Silicon Valley employees of stealing the closely guarded secrets behind its technological tricks. Since its inception six years ago, Magic Leap has emerged as one of artificial reality's most intriguing startups while raising $1.4 billion from a list of investors that include Google and...

  • NEW YORK, May 27- The U.S. dollar added to gains while U.S. "It's appropriate... for the Fed to gradually and cautiously increase our overnight interest rate over time, and probably in the coming months such a move would be appropriate," Yellen told an audience of Harvard University professors and alumni. "People think June or July are very much alive now," said Stephen...

  • The Public Utility Commission fined San Francisco- based Uber in April for operating in Pennsylvania for six months in 2014 without the required approval. Tom Wolf and Pittsburgh- area officials wrote a letter to the commission this month urging it to greatly reduce the fine. They said the stiff fine could discourage innovative companies from investing in...

  • Verizon Yahoo

    Verizon is working on its bid for Yahoo's core assets with an investment bank which was, as recently as last year, one of the company's top advisers.

  • SHANGHAI— Alibaba is the world's biggest e-commerce platform. Over 420 million people scooped up $485 billion worth of stuff last fiscal year on Alibaba's sites. Alibaba's e-commerce platforms cater to both Chinese and global consumers, though the majority of its transactions are generated domestically.

  • NEW YORK/ SAN FRANCISCO, May 26- Verizon Communications Inc is working on its bid for Yahoo Inc's core assets with an investment bank which was, as recently as last year, one of the U.S. internet company's top advisers, people familiar with the matter said. The bank was listed as its lead adviser last year on a plan to spin off its 15 percent stake in China's e-commerce...

  • NEW YORK, May 26- Oil prices eased on Thursday after topping $50 a barrel for the first time in about seven months, while U.S. stocks ended near flat after two days of strong gains. "The global surplus still exists and there is still a possibility that oil prices could retrace further," said Dominick Chirichella, senior partner at the Energy Management Institute in New...

  • Software competitor Oracle claimed Google had stolen its intellectual property and reaped huge profits by copying pieces of an Oracle programming language called Java. Oracle, which had sought $9 billion in damages, immediately said it would appeal. Google's supporters— a group that included other tech firms, trade associations and the Electronic Frontier...

  • SAN FRANCISCO _ Splunk Inc. on Thursday reported a loss of $100.9 million in its fiscal first quarter. Fifteen analysts surveyed by Zacks expected $174.7 million. For the current quarter ending in August, Splunk said it expects revenue in the range of $198 million to $200 million.

  • May 26- Messaging app Snapchat has raised $1.81 billion in funding, the company reported in a U.S. regulatory filing on Thursday, a sign that investor interest is strong despite concerns among some venture capitalists that the platform is struggling to attract advertisers. Venture capital database PitchBook estimated the company's valuation after the...

  • DETROIT, May 26- Automakers investing billions in plug-in cars and self-driving vehicle systems are getting caution signals from new research that suggests many mainstream consumers don't know what benefits they would get. The research by Harris, which has conducted surveys in the United States since 1963, was released Thursday and commissioned by Ford...

  • NEW YORK, May 26- For more than eight months, investors have poured money into the riskiest U.S. municipal bonds, boosting prices as they dive into anything that can give them fatter yields in a global low-rate environment. They are waving red flags about its most notorious borrower, Puerto Rico, but also its best-performing sector, tobacco, and other potentially...

  • ST. PETERSBURG, Fla.— Hulk Hogan's courtroom cage match with Gawker has apparently been bankrolled by a high-tech billionaire with a grudge against the news-and-gossip site. Two months after Hogan won a $140 million invasion-of-privacy verdict against Gawker for posting a sex tape of him, news reports say the pro wrestler is secretly backed by Silicon Valley...

  • The squeeze began after The Associated Press revealed that intruders hop fences, slip past guardhouses and crash cars through gates at the nation's busiest airports far more often than the public realizes. Since publication of that investigation last spring, the U.S. Transportation Security Administration has clamped down on the release of information...

  • An Associated Press investigation has documented 345 instances in which people hopped over, crawled under, drove cars through or otherwise breached the fences and gates protecting the perimeters of 31 of the nation's busiest airports between January 2004 and mid-February. The first installment, published last year, included incidents involving an...

  • A year after an Associated Press investigation first revealed persistent problems with airports' outer defenses, breaches remain as frequent as ever— occurring about once every 10 days— despite some investments to fortify the nation's airfields. Was it a perimeter security breach in March 2015 when a woman walked past a vehicle exit gate at San Francisco...

  • OAK BROOK, Ill., May 25- Hundreds of protesters marched through pouring rain to call for higher wages and union rights at McDonald's Corp on Wednesday, leading the hamburger chain to shut down its headquarters a day before its annual meeting. The suburban Chicago campus was shut for the third year in a row because of protests centered on the shareholder gathering,...

  • DETROIT, May 25- A flurry of deals between big automakers and ride hailing and transportation startups is rewriting the playbook in the contest to control the future of personal transportation. From the automakers, the Silicon Valley mobility companies obtain fresh capital, access to auto industry engineers who know how cars work and discounts on vehicles...

  • The SEC focused on the accounting for logistics firm Cainiao Network, which Alibaba owns with several courier companies in China, as well as operating data from its Singles' Day, an annual sale that accounts for more than the combined sales of the Black Friday and Cyber Monday shopping events in the United States, according to Alibaba's annual report filed on...

  • *Microsoft to cut up to 1,850 jobs, most in Finland. HELSINKI/ SAN FRANCISCO, May 25- Microsoft Corp announced more big cuts to its smartphone business on Wednesday, just two years after it bought handset maker Nokia in an ill-fated attempt to take on market leaders Apple Inc and Samsung Electronics Co Ltd.. In a move that clearly puts the stamp of two-year chief...