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  • Yahoo quarterly revenue falls 15 pct Tuesday, 2 Feb 2016 | 4:38 PM ET

    Yahoo's revenue- after deducting fees paid to partner websites- fell to $1.00 billion in the fourth quarter ended Dec. 31 from $1.18 billion a year earlier. Yahoo reported a loss of $4.43 billion, or $4.70 per share, in the quarter compared with a net income of $166.3 million, or 17 cents per share, a year earlier. Chief Executive Marissa Mayer, who joined Yahoo in 2012...

  • Tuesday's decision by Judge Richard Posner of the 7th U.S. Circuit Court of Appeals highlights the hurdles that passengers can face in holding carriers liable for travel snags, including when foreign laws or code-sharing arrangements are involved. In the first case, the appeals court said Deutsche Lufthansa AG owed nothing to a California man who arrived in...

  • LOS ANGELES— Los Angeles prosecutors filed misdemeanor criminal charges Tuesday against a utility for failing to immediately report a natural gas leak that has been gushing nonstop nearly 15 weeks. District Attorney Jackie Lacey said the charges aren't a solution to the problem, but Southern California Gas Co. needs to be held responsible for the leak that...

  • With markets in turmoil and talk of further Chinese currency devaluation intensifying, expectations for U.S. rate hikes this year have all but evaporated and central banks from Europe to Canada and Australia are preparing the ground for more easing. "The biggest risk for the world economy at this point is an aggressive policy of devaluation in China," said the...

  • SAN FRANCISCO— Alphabet now comes before Apple atop the list of the world's most valuable companies. Alphabet Inc. first took the top spot during Monday's extended session following strong fourth-quarter earnings. Apple Inc.' s iPhone, meanwhile, is suffering its first downturn since it debuted eight years ago.

  • More central bank rate cuts coming before any hike Tuesday, 2 Feb 2016 | 9:33 AM ET

    With markets in turmoil and talk of further Chinese currency devaluation intensifying, expectations for U.S. rate hikes this year have all but evaporated and central banks from Europe to Canada and Australia are preparing the ground for more easing. "The biggest risk for the world economy at this point is an aggressive policy of devaluation in China," said the...

  • After suing a vegan mayo maker for false advertising, Hellmann's parent company Unilever is launching its own eggless spread. The cumbersome name arrives in the shadow of Unilever's public fight with Hampton Creek, a San Francisco startup that makes an eggless spread called Just Mayo. Unilever sued the company in 2014, saying that Just Mayo's name was...

  • "As long as the core business continues to operate well with accelerated revenue... investment in those businesses can continue," said Ronald Josey of JMP Securities. Alphabet said consolidated revenue jumped 17.8 percent to $21.33 billion in the fourth quarter ended Dec. 31, from $18.10 billion a year earlier. Total operating losses on the Other Bets- which...

  • Apple Inc.' s iPhone, meanwhile, is suffering its first downturn since it debuted eight years ago. Alphabet Inc. earned $4.9 billion on revenue of $21.3 billion in the fourth quarter. Investors pushed up Alphabet stock $35.73, or 4.6 percent, to $806.50 in extended trading.

  • Monday, American Airlines became the latest carrier to add something back. American, which recently merged with US Airways, hasn't offered free snacks since 2003. US Airways stripped passengers of snacks in 2008.. When Continental Airlines stopped giving out free cookies and mini bags of pretzels in 2011— after its merger with United Airlines— it said the move...

  • NEW YORK, Jan 29- Operations at New York and New Jersey's cargo terminals were being restored on Friday night after more than a thousand longshoremen walked off the job earlier in the day, shuttering one of the United State's busiest port networks, officials said. The work stoppage came as a surprise because "there were no major issues that we knew of to precipitate...

  • Facebook announces stricter policy on firearms sales Friday, 29 Jan 2016 | 6:45 PM ET

    SAN FRANCISCO— Facebook says it's cracking down on online gun sales, announcing Friday a new policy barring private individuals from advertising or selling firearms on the world's largest social network. Facebook "was unfortunately and unwittingly serving as an online platform for dangerous people to get guns," said Shannon Watts of Everytown for Gun Safety,...

  • IBM names Weather Co. chief as Watson's new boss Friday, 29 Jan 2016 | 4:10 PM ET

    SAN FRANCISCO— IBM says former Weather Co. CEO David Kenny will be the new boss for Watson, the Jeopardy-winning "cognitive computing" service that's a central element of CEO Virginia Rometty's campaign to find new revenue for the struggling tech giant. IBM has been promoting Watson and related technology as a powerful tool for use in health care, retailing and...

  • Cyber-ops headquarters set for Super Bowl 50 Friday, 29 Jan 2016 | 10:00 AM ET
    Cyber-ops headquarters set for Super Bowl 50

    A team of public and private security experts is assembling a pop-up intelligence operations center.

  • SAN FRANCISCO— As the digital advertising market booms and demand for smartphones wanes, Alphabet Inc. could soon dethrone Apple as the world's most valuable company. At the end of trading on Thursday, Apple's market value stood at $522 billion; Alphabet was worth $515 billion. Apple then boasted a market value of $643 billion, almost twice Google Inc.' s $361...

  • TOKYO, Jan 29- A local authority in Tokyo started accepting applications on Friday from residents wanting to rent out their homes for short-term lodging through matchmakers such as Airbnb Inc, making it the first in Japan to regulate the practice. Residents of the southeast Tokyo ward of Ota, home to Haneda Airport, Japan's busiest aviation hub, will be able to...

  • *U.S. fourth-quarter GDP forecast rising at a 0.8 percent rate. WASHINGTON, Jan 29- U.S. economic growth likely braked sharply in the fourth quarter as businesses doubled down on efforts to reduce an inventory glut and unseasonably mild weather cut into consumer spending on utilities and apparel. Nevertheless, the U.S. Commerce Department's advance...

  • Jan 28- Wells Fargo& Co and Bank of America Corp are working to integrate mobile payment system Apple Pay into their ATMs, technology news website TechCrunch reported. BofA told Reuters it is currently working on a new cardless ATM solution, and plans to unveil it in late February to associates at select ATMs in Silicon Valley, San Francisco, Charlotte, New York and...

  • DIARY-Top Economic Events to Feb 11 Thursday, 28 Jan 2016 | 7:01 PM ET

    SAN FRANCISCO- Federal Reserve Bank of San Francisco President John Williams participates in panel before the Commonwealth Club, Bank of America Merrill Lynch Walter E. Hoadley Annual Economic Forecast event- 2030 GMT. PRAGUE- European Commission Vice President Valdis Dombrovskis, Slovak Finance Minister Peter Kazimir, Czech central bank Governor...

  • Microsoft, under Chief Executive Satya Nadella, has been focusing on cloud services and mobile applications as growth slows in its traditional software business. The company's combined cloud business was on track for $9.4 billion in annual revenue, the company said, up 15 percent from the $8.2 billion revenue it estimated last quarter. "They nailed the cloud,"...