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Top News & Analysis California

  • March 28- Uber Technologies Inc released its first diversity report on Tuesday, showing that women and non-white employees are underrepresented at the ride-services company- just as they are at many other technology firms. By comparison, Alphabet Inc's Google's staff is 31 percent women, Twitter Inc's is 37 percent women and messaging startup Slack's...

  • LAS VEGAS— The future of Hollywood movies is in the hands of young and diverse audiences. At CinemaCon Tuesday, studio executives and representatives from the National Association of Theater Owners touted the importance of both groups in growing the movie business. Walt Disney Studios distribution head Dave Hollis said higher ticket prices helped push the...

  • Asst. professor: Professional teams don't economically benefit their host city

    Nola Agha, Assistant Professor in the Sport Management Program at the University of San Francisco, weighs in on the Raiders moving to Sin City.

  • Raiders' pain, Oakland's gain

    Josh Lipton reports the latest on how the Oakland Raiders are headed to Las Vegas.

  • SAN FRANCISCO, March 28- CarGurus, a popular website where consumers go to browse cars, has tapped investment banks for an initial public offering later this year, according to people familiar with the matter. The Cambridge, Massachusetts- based company is aiming to go public in the fourth quarter of the year at a valuation of more than $1 billion, the people said on...

  • DETROIT, March 28- China's Tencent Holdings Ltd has bought a 5 percent stake in U.S. electric car maker Tesla Inc for $1.78 billion, the latest investment by a Chinese internet company in the potentially lucrative market for self-driving vehicles and related services. The White House did not immediately respond to a request for comment on the Chinese...

  • March 28- The U.S. Food and Drug Administration on Tuesday approved Regeneron Pharmaceuticals Inc and Sanofi SA's drug for moderate-to-severe atopic dermatitis, a product widely seen as the most important growth driver for the two companies. Wall Street analysts forecast annual sales exceeding $4 billion by 2022 for the biotech drug known chemically as...

  • March 28- The U.S. Food and Drug Administration on Tuesday approved Regeneron Pharmaceuticals Inc and Sanofi SA's drug for moderate-to-severe atopic dermatitis, a product widely seen as the most important future growth driver for the two companies. Wall Street analysts forecast annual sales exceeding $4 billion by 2022 for the biotech drug known...

  • DETROIT, March 28- China's Tencent Holdings Ltd has bought a 5 percent stake in U.S. electric car maker Tesla Inc for $1.78 billion, the latest investment by a Chinese internet company in the potentially lucrative market for self-driving vehicles and related services. Those new technologies, and their potential to create new business models and revenue...

  • TRENTON, N.J.— U.S. regulators have approved the first powerful, injected medicine to treat serious cases of the skin condition eczema. The Food and Drug Administration on Tuesday approved Dupixent for moderate or severe eczema, which causes red, fiercely itchy rashes on the face, arms and legs. Dupixent will have an initial list price of $37,000 per year, according...

  • March 28- A black production worker at Tesla Inc has filed a lawsuit claiming his job quickly turned from "a dream come true" to a nightmare when he was subjected to racial epithets and threats of violence from white coworkers. DeWitt Lambert says Tesla supervisors at the Fremont, California, factory where he has worked building electric cars since 2015 ignored...

  • NEW YORK, March 28- Industrious, the second-biggest U.S. coworking firm by number of locations, said on Tuesday it acquired a search website for spare office space and raised $25 million in fresh funds as investors bet the shared-office industry grows and goes mainstream. The announcement comes a week after industry leader WeWork Cos Inc raised $300 million...

  • March 28- Tesla Inc, the California- based electric carmaker, said Chinese tech giant Tencent Holdings Ltd acquired a 5 percent stake for $1.78 billion. The deal gives Shenzhen- based Tencent a growing presence in the rapidly expanding future mobility sector, with investments in U.S. and Chinese startup companies that provide ride sharing services and are...

  • *Samsung to unveil Galaxy S8 smartphone in New York on Weds. SEOUL, March 28- After the damaging recall of its fire-prone Note 7 smartphone, you could be forgiven for thinking Samsung Electronics Co Ltd would make a song and dance about battery safety in its new flagship phones, due to be launched in the United States on Wednesday. "If you talk about safety, it...

  • SAN FRANCISCO— Authorities say at least 16 people were injured after someone released pepper spray or a similar chemical inside a San Francisco shopping mall. KCBS reports 15 of those who complained of pain Monday night were treated on the scene with eye wash and released. Mark Osuna says a female juvenile went into a clothing store in the Stonestown Mall and...

  • HAYWARD, Calif. _ Aradigm Corp. on Tuesday reported a loss of $7.9 million in its fourth quarter. The Hayward, California- based company said it had a loss of 54 cents per share. For the year, the company reported that its loss widened to $32.9 million, or $2.23 per share.

  • That hands-off stance ended this month when Republican AGs voted to abandon the agreement and spend money to help unseat Democrats in other states, according to the Republican Attorneys General Association. The move comes as Democratic attorneys general in states across the country have assumed lead roles in opposing some of Republican President Donald...

  • WASHINGTON— The White House is calling for immediate budget cuts of $18 billion from programs like medical research, infrastructure and community development grants to help pay for the border wall that President Donald Trump repeatedly promised would be financed by Mexico. But they could create bad political optics for the struggling Trump White House,...

  • The San Francisco- based company said on Tuesday that small-and medium-sized businesses in the U.K. would be able to use Square's credit card reader to accept payments on mobile devices. Reuters reported in July that Square had incorporated a business called Squareup Europe Ltd in Britain and the company had been testing its payment system in London.

  • HONG KONG/ SHANGHAI, March 28- China Southern Airlines Co Ltd said on Tuesday it will sell a small stake to American Airlines Group Inc in a $200 million deal that will give the carriers better access to the world's two largest travel markets. It also means China's three biggest airlines now have tie-ups with foreign airlines, something Beijing has encouraged as a...