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March 6, 2014 | By Paul Whitefield, This post has been updated. See below for details.
OK, listen up, all you dumb users of smartphones: In spite of what Massachusetts ' high court decided, no, it isn't OK to take “upskirt” pictures of unsuspecting women. On Wednesday, in the land of the Puritans and the home of “Banned in Boston,” all hell broke loose after the state Supreme Judicial Court overruled a lower court in a case involving one Michael Robertson, who seemed to think it was clever to use his cellphone in ways Apple or Samsung never intended. But Robertson got away with it because the state's Peeping Tom laws don't apply to such behavior, the court found.
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SPORTS
March 5, 2014 | By Steve Dilbeck
Maybe it's a Cuban thing. Alex Guerrero, who had only looked OK through the early going of spring, finally gave an indication why the Dodgers invested $28 million in him in the off-season when his grand slam Wednesday night sparked them to a 10-3 exhibition victory over the Cincinnati Reds. Then he flipped his bat. Guerrero was four for 15 without an extra-base hit this spring when he delivered his bases-loaded homer in the fifth inning against Jeff Francis. Fellow Cuban Yasiel Puig drew the ire of some last season with his own bat flips after home runs, but Puig apparently had other things to concern himself with Wednesday.
BUSINESS
March 5, 2014 | By David G. Savage
WASHINGTON - Halliburton Co. and other U.S. corporations urged the Supreme Court to reverse a 26-year-old ruling that triggered an avalanche of class-action lawsuits by investors in publicly traded companies. But based on justices' comments Wednesday, it appeared they would fall at least one vote short of a major victory. Chief Justice John G. Roberts Jr. and Justice Anthony M. Kennedy explored the idea of a "midway" ruling that would make it slightly harder, but not impossible, to bring such suits.
BUSINESS
March 4, 2014 | By Stuart Pfeifer
Stocks surged Tuesday as traders celebrated reports of a softening of tension in Ukraine. The three major indexes were in positive territory, with the S&P 500 trading at a record high. The Dow Jones industrial average jumped 192 points, or 1.2%, to 16,360 at 7:55 a.m. PST. The S&P 500 was up 24 points, or 1.3%, to 1,870 and the Nasdaq was up 73 points, 1.7%, to 4,350. Traders were buying on reports Russian President Vladimir Putin ordered troops participating in military exercises near the Ukraine border to return to their bases.
BUSINESS
February 19, 2014 | By Stuart Pfeifer
Hedge-fund manager David Einhorn is sounding a cautious tone about stocks. In a conference call with analysts, Einhorn said last year's massive run for stocks was fueled in part by misleading earnings reports. "In 2013 the market rewarded many companies beating earnings after they had lowered guidance," Einhorn said while discussing the performance of reinsurer Greenlight Capital Re, of which he is chairman. "This trend is not likely to continue indefinitely. " Photos: Top 10 Southern California companies Einhorn is one of the most respected and successful investors on Wall Street and the founder and president of the hedge-fund firm Greenlight Capital Inc. He said Greenlight Re benefited from holdings in Apple Inc. and Micron Technology Inc., but was hurt by short positions on Chipotle Mexican Grill Inc. and U.S. Steel Corp.
BUSINESS
February 13, 2014 | By Walter Hamilton
Last year's stock-market surge boosted 401(k) accounts, but millions of Americans are still likely to run short of money in retirement, according to a pair of studies released Thursday. The average 401(k) balance reached a new record of $89,300 in the fourth quarter, up 15.5% from a year earlier, according to mutual-fund giant Fidelity Investments. More than three-quarters of the gain came from rising stock prices. The rising market helped the average 401(k) balance nearly double from a bear-market trough of $46,200 in March 2009, according to Fidelity.
BUSINESS
February 7, 2014 | By Andrew Tangel
NEW YORK -- Stocks rallied about 1% despite the U.S. Labor Department's report showing weaker-than-expected employment growth last month. Investors appeared to look on the brighter side of the federal government's closely watched barometer of the labor market even though it fell far below estimates for the second consecutive month. The federal government said Friday that the U.S. economy added a disappointing 113,000 net jobs last month. But that was still more than the 74,000 jobs gained in December.
BUSINESS
February 7, 2014 | By Chris O'Brien
Chief Executive Tim Cook said Apple Inc. repurchased $14 billion of its stock over the last two weeks after a weak outlook caused its share price to plunge. In an interview with the Wall Street Journal, Cook said he was "surprised" by the 8% drop one day after the company's first-quarter earnings report. Apple projections for sales in the quarter ending in March were below what analysts had expected, and perhaps signaling its first year-over-year decline in revenue in more than a decade.
BUSINESS
February 3, 2014 | By Ricardo Lopez
U.S. manufacturing slowed in January as new orders and inventories plunged, according to data released Monday by the Institute for Supply Management. The group's purchasing managers index dropped to 51.3 last month, down more than 5 percentage points from a 56.5 reading in December. It's the lowest index reading since May 2013.  Still, a reading above 50 indicates expansion.  "A number of comments from the panel cite adverse weather conditions as a factor negatively impacting their businesses in January," said Bradley Holcomb, chair of the Institute for Supply Management's Manufacturing Business Survey Committee.
BUSINESS
February 3, 2014 | By Andrew Tangel and Walter Hamilton
NEW YORK - A stream of negative economic reports has revived fear about the health of the U.S. economy, causing stocks to suffer their worst day in seven months and adding to a 7% decline since mid-January. Stocks were pounded by discouraging data released Monday on manufacturing, auto sales and construction spending. The disappointing U.S. reports rattled investors already uneasy over political and financial turmoil in emerging-market countries such as Turkey, India and South Africa.
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