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Atari US files for Ch. 11 to separate from parent

Founded in 1972, Atari is the once popular game maker behind video games like "Pong" and "Centipede"(AP) — Video game maker Atari's U.S. operations have filed for Chapter 11 bankruptcy protection in an effort to separate from their French parent company, which is filing a similar motion separately in France.

Maloofs agree to sell NBA's Kings to Seattle group

Billionaire Gavin Maloof, along with brothers Joe and George, bought controlling interest in the Sacramento Kings in 1999The only thing stopping the Sacramento Kings from a sale and move to Seattle is approval by NBA owners.

Toyota settles bellwether wrongful death lawsuit

(AP) — Toyota Motor Corp. has settled what was to be the first in a group of hundreds of pending wrongful death and injury lawsuits involving sudden, unintended acceleration by Toyota vehicles, a company spokesman said Thursday.

UC President Mark Yudof to step down in August

University of California President Mark Yudof(AP) — University of California President Mark Yudof said Friday that he plans to step down in August, citing a "spate of taxing health issues."

Former TV exec Liguori named Tribune CEO

(AP) — Former television executive Peter Liguori was named chief executive of Tribune Co., the media conglomerate that recently emerged from a four-year bankruptcy with its creditors in charge.

Intel 4Q profit down, beats Street

Intel headquarters in Santa Clara, Calif.(AP) — Intel Corp., the world's largest chipmaker, on Thursday said its fourth-quarter net income fell 27 percent from the previous year, as PC sales continued to weaken.

Immigrant groups welcome DMV study on licenses

A new study by the Department of Motor Vehicles shows that unlicensed drives cause the most car accidents (AP) — Immigrant advocates are welcoming a California study that found unlicensed drivers are the most hazardous motorists on the road, saying it supports their longstanding argument that denying driver's licenses for illegal immigrants has put everyone at risk.

Amtrak, California teaming up on high-speed rail

The California High-Speed Rail Authority and Amtrak hope to purchase about 60 high-speed trains over the next decade(AP) — The two biggest players in the nation's pursuit of high-speed rail said Thursday they'll work together to search for trains that will operate at up to 220 miles per hour along both coasts of the United States.

EBay's 4Q earnings top analyst projections

Ebay headquarters in San Jose, Calif.(AP) — EBay's fourth-quarter earnings beat Wall Street's expectations as bargain-hunting holiday shoppers flocked to its Internet shopping mall and digital payment service.

Disney unveils own 'Skylanders'-like franchise

The Walt Disney Co.'s new Infinity game allows users to create their own adventures using Disney characters(AP) — Captain Jack Sparrow driving Cinderella's carriage? Mr. Incredible swinging the Queen of Hearts' flamingo mallet? Sulley from "Monsters, Inc." galloping around on Bullseye from "Toy Story"? Those are just a few of the silly scenarios that could become a virtual reality with "Disney Infinity," a new endeavor from Disney combining a video game with a toy line.