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  • Woman testifies about gifts from ex-owner of Clippers

    LOS ANGELES (AP) — The woman who recorded Donald Sterling's racially offensive remarks says she loved him and called him her hubby, but they never had a romance. V. Stiviano testified Thursday in Los Angeles Superior Court in her effort to retain more than $3.5 million the billionaire's wife says he lavished on Stiviano. Stiviano says she and...

  • Bankruptcy hearing could decide fate of RadioShack

    WILMINGTON, Del. (AP) — A hearing on whether to approve the bankruptcy sale of assets of electronics retailer RadioShack opened Thursday with the company seeking court approval of the purported winning bid, and an attorney for a losing bidder describing the auction as a sham and asking a Delaware judge to reopen the sale process. RadioShack,...

  • Yahoo says it will buy back $2 billion in stock

    NEW YORK (AP) — Yahoo says it will buy back $2 billion in company stock as it prepares to spin off its stake in Chinese e-commerce company Alibaba. Investors were pushing Yahoo to use some of the proceeds from the Alibaba spinoff to buy back stock, and the company had said it would keep buying back stock to return cash to shareholders. Shares...

  • Google's new CFO gets $70M for defecting from Morgan Stanley

    SAN FRANCISCO (AP) — Google just found out that luring a top executive from Wall Street to Silicon Valley is expensive. The Mountain View, California, company is paying its new chief financial officer, Ruth Porat, more than $70 million to defect from the same job at New York investment bank Morgan Stanley. The lucrative pay package disclosed...

  • Worker struck by new roller coaster during testing at park

    ELYSBURG, Pa. (AP) — A worker is recovering from a broken hand and staples in his head after being struck by a newly built roller coaster during testing at a Pennsylvania amusement park. A Knoebels Amusement Resort spokeswoman said the company employee was struck by the Impulse roller coaster Thursday morning. Public relations manager Stacy...

  • Obama praises payday lender rules, vows veto of limitations

    BIRMINGHAM, Ala. (AP) — Embracing proposed new rules aimed at payday lenders, President Barack Obama on Thursday said working families need protections from heavy debt burdens and warned Republicans that he would veto attempts to unravel regulations that govern the financial industry. Obama praised the Consumer Financial Protection Bureau for...

  • Diet sodas fall in US; Pepsi takes back No. 2 spot

    NEW YORK (AP) — Americans bought less soda for the 10th straight year in 2014, with diet sodas shrinking more than their sugary counterparts, according to a report released Thursday. An annual report by the industry tracker Beverage Digest found that overall soda volume slipped 0.9 percent last year, moderating from the decline of 3 percent...

  • Meerkat vs. Periscope: Live-streaming app battle & buzz

    NEW YORK (AP) — Download Periscope, Twitter's just-launched live video-streaming app, and you'll find people broadcasting all sorts of mundane stuff: waiting for AT&T to fix their wiring, getting out of bed in Silicon Valley, looking outside their office window in Chicago. Watch the videos, and you might ask yourself, is this really the next...

  • Business Highlights

    ___ How gov't aims to protect low-income users of 'payday' loans WASHINGTON (AP) — Each month, more than 200,000 needy U.S. households take out what's advertised as a brief loan. Many have run out of money between paychecks. So they obtain a "payday" loan to tide them over. Problem is, such loans can often bury them in fees and debts. Their...

  • American Apparel discloses SEC probe tied to former CEO

    NEW YORK (AP) — American Apparel says the Securities and Exchange Commission is investigating unspecified matters tied to its former CEO, Dov Charney. The Los Angeles-based clothing retailer said in a regulatory filing Wednesday that the SEC investigation has to do with "matters arising from" a review of Charney by the company's board that led...

  • How gov't aims to protect low-income users of 'payday' loans

    WASHINGTON (AP) — Each month, more than 200,000 needy U.S. households take out what's advertised as a brief loan. Many have run out of money between paychecks. So they obtain a "payday" loan to tide them over. Problem is, such loans can often bury them in fees and debts. Their bank accounts can be closed, their cars repossessed. The Consumer...

  • Oil council: Shale won't last, Arctic drilling needed now

    WASHINGTON (AP) — The U.S. should immediately begin a push to exploit its enormous trove of oil in the Arctic waters off of Alaska, or risk a renewed reliance on imported oil in the future, an Energy Department advisory council says in a study to be released Friday. The U.S. has drastically cut imports and transformed itself into the world's...

  • US stocks fall for a 4th straight day; price of oil surges

    NEW YORK (AP) — A see-saw day for U.S. stocks ended with slight losses on Thursday, giving the market its fourth drop in a row. Edgy investors continue to monitor violence in the Middle East and the rapid ascent of the U.S. dollar, which is causing companies to pull back their profit forecasts for the year. After hitting record highs earlier...

  • Lululemon and Red Hat are big market movers

    NEW YORK (AP) — Stocks that moved substantially or traded heavily Thursday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE Red Hat Inc., up $6.91 to $75.36 The company behind the Linux open-source operating system said its quarterly profit grew as subscriptions increased. Winnebago Industries Inc., down $3.40 to $20.39 The...

  • MIT expert: US rules make chances of cockpit takeover slim

    CAMBRIDGE, Mass. (AP) — U.S. flight regulations make it unlikely that a single jetliner pilot could barricade himself or herself inside the cockpit like French prosecutors say the Germanwings co-pilot did before crashing his airliner into the French Alps, a Massachusetts Institute of Technology aviation analyst said Thursday. MIT expert John...

  • Authorities go after crooked car deals in national crackdown

    WASHINGTON (AP) — A nationwide crackdown on auto dealers has turned up widespread evidence of false ads, deceptive loans and fake odometer readings, the government said Thursday. The investigation led by the Federal Trade Commission and law enforcement resulted in 252 enforcement actions and $2.6 million in consumer refunds and fees. It was...

  • US stocks extend losses to a fourth day, oil price gains

    NEW YORK (AP) — U.S. stocks are closing lower after a see-saw day, extending the market's losses to a fourth day. European and Asian markets also fell Thursday after Saudi Arabia launched strikes on military installations in Yemen. The price of oil rose. The Dow Jones industrial average gave up 40 points, or 0.2 percent, to 17,678. The...

  • Safety experts: Air crash in Alps raises need for 3rd pilot

    WASHINGTON (AP) — French prosecutors' assertion that this week's air crash of a German airliner into a rugged mountainside was a deliberate act of the co-pilot points to the possible need for a third pilot in airline cockpits, several aviation safety experts said Thursday. "The flight deck is capable of accommodating three pilots and there...

  • Maker of tainted medical scopes issues new cleaning guide

    WASHINGTON (AP) — The maker of medical scopes that have been linked to two recent "superbug" outbreaks at California hospitals has issued new cleaning instructions for the devices amid scrutiny from regulators, lawmakers and medical professionals. Olympus America sent the new guidelines to U.S. hospitals on Thursday, recommending that its...

  • MOVERS & SHAKERS

    Charlie Huebner, Juli Williams, Stephanie Willis and Robert Worrall II have joined the board of directors of Homeward Pikes Peak, which works to address homelessness in the Colorado Springs area. Luke Travins remains as president, Pete Frech as vice president, and Colorado Springs Police Commander Pat Rigdon as secretary.

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