Dolby is in talks to acquire naming rights to the former Kodak Theatre in Hollywood, home to the Oscars ceremony.
The sound and video pioneer is negotiating with building owner CIM Group for long-term naming rights to the 3,332-seat theatre.
CIM remains open to more offers as it seeks to secure the best price and terms.
Photography icon Eastman Kodak won bankruptcy court approval in February to end its 20-year sponsorship deal.
Scientist quits on speed claim
The scientist who headed a European research team that last year measured particles travelling faster than light has resigned, weeks after a rival team cast doubt on the accuracy of those readings.
Italy's National Institute of Nuclear Physics said that Antonio Ereditato had stepped down from the leadership of the OPERA experiment, whose measurements on the speed of neutrinos were widely questioned when they were announced in September.
The measurements appeared to go against a key tenet of modern physics -- that nothing can travel faster than light.
New trial over genocide 'lies'
A woman accused of lying about her role in the Rwanda genocide to obtain US citizenship will go on trial for the second time after a jury failed to reach a verdict.
Beatrice Munyenyezi was indicted on two charges of lying on immigration and naturalisation papers.
Prosecutors said she commanded extremist Hutu militia and ordered the rapes and killings of Tutsis in 1994.
A new trial will take place in September.
Airbus faces US challenge
The US has accused European governments of failing to end illegal subsidies for aircraft manufacturer Airbus.
It said it would be taking the first step at the World Trade Organisation toward seeking sanctions on potentially billions of dollars of European goods.
"We refuse to stand by while American businesses and workers are disadvantaged," US Trade Representative Ron Kirk said in a statement.