Uber must face multiple civil counts, including an allegation the company violated California's unfair competition laws.» Read More
REDWOOD CITY, California— Facebook CEO Mark Zuckerberg wants to turn more American high school students into well-paid techies— and even hire some of them to work at his social-media company. Zuckerberg told students Thursday at Redwood City's Sequoia High School that understanding technology and computers will be critical to having options later in life.
WASHINGTON, Sept 18- U.S. House of Representatives Speaker John Boehner on Thursday expressed his dissatisfaction with a chronically high jobless rate and complained of a "very sick idea" that the unemployed would "rather just sit around."
Sept 18- Home cleaning products maker Clorox Co said Chief Executive Donald Knauss was stepping down after eight years at the helm. He started his career at The Coca-Cola Co and went on to join PepsiCo Inc and Procter& Gamble Co before joining Clorox. Oakland, California- based Clorox's shares were little changed on the New York Stock Exchange on Thursday.
CAREER: Started Oracle Corp. with $1,200 of his own money in 1977 and built it into a business software powerhouse. HOMETOWN: Born in New York, grew up in Chicago. WEALTH: Ellison is the world's fifth richest person according to Forbes, with a net worth of $51.3 billion.
NEW YORK, Sept 18- Alibaba Group Holding Ltd's shares do not begin trading until Friday, so investors hungry for a bite of the Chinese e-commerce giant have turned their attention to Yahoo Inc's options in recent days. The volume of options trading in Yahoo- which has a big stake in Alibaba- has risen steadily over the last month.
WASHINGTON— Having spent political capital fighting climate change at home, President Barack Obama will turn his sights overseas next week, urging fellow heads of state to be as ambitious as possible as they negotiate a make-or-break global treaty to be finalized in Paris next year.
NEW YORK— Clorox said Thursday it will promote Benno Dorer to CEO of the consumer products maker. The Oakland, California, company said Dorer will become its CEO on Nov. 20. Clorox Co. said he will also join the board of directors.
REDWOOD CITY, Calif.— Oracle Corp. on Thursday reported profit of $2.18 billion in its fiscal first quarter. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 64 cents per share. Analysts expected $8.78 billion, according to Zacks.
SAN FRANCISCO— Apple has tightened its technological security so not even the company can pry into a password-protected iPhone or iPad in a move meant to reassure the millions of people who are increasingly storing vital pieces of their lives on the devices.
Ellison, 70, intends to still play an influential role at Oracle Corp. He is taking over as Oracle's executive chairman, replacing Jeff Henley in the position, and will oversee the engineering departments as chief technology officer.
BEIJING/ DETROIT, Sept 18- Chinese auto parts producer Wanxiang Group, which bought stylish electric car pioneer Fisker Automotive from bankruptcy, is accelerating the relaunch of Fisker's Karma hybrid luxury car by using a design from the company's last year of production, people close to the companies said.
SEATTLE, Sept 18- Microsoft Corp will close its Silicon Valley research-and-development operation as part of 2,100 layoffs announced on Thursday, as it moves toward its new CEO's goal of cutting 18,000 staff, or about 14 percent of its workforce.
Jerry Brown headed to the cradle of the Hollywood film industry Thursday to sign legislation that more than triples the state's tax credit to $330 million a year for films and TV shows produced in California.
LONG BEACH, Calif.— A JetBlue airliner experienced engine problems and returned to the Long Beach Airport on Thursday after a short flight that ended with passengers evacuating onto the runway using the plane's emergency slides. Long Beach fire personnel told reporters they saw no sign of flames though they did not look inside the engine.
Clinton spoke at a forum sponsored by the Center for American Progress, which was formed more than a decade ago by veterans of her husband's administration, where she was joined by House Democratic Leader Nancy Pelosi of California, Sens. Kirsten Gillibrand of New York and Patty Murray of Washington and others.
Google Inc got permits for testing 25 adapted Toyota Motor Corp Lexus SUVs, and two permits each went to Daimler AG's Mercedes-Benz and Volkswagen AG's Audi, said Bernard Soriano of the California Department of Motor Vehicles. Lexus, Mercedes-Benz and Audi are all luxury brand vehicles.
Sept 18- Mercedes-Benz, the luxury brand of Daimler AG, has received one of the first California licenses for self-driving cars, the company said on Thursday.
NEW YORK, Sept 18- U.S. stocks were rising in late morning trading on Thursday, with the S&P 500 hitting a record high a day after the U.S. However, the central bank's outlook included forecasts for higher-than-expected rates in 2015 and 2016, which helped financial stocks lead gains on Wall Street.
District Judge Edward Chen in San Francisco said Uber must face multiple civil counts, including an allegation the company violated California's unfair competition laws. San Francisco- based Uber raised $1.2 billion from mutual funds and other investors in a June funding round, which valued the fast-growing service at $18.2 billion at the time.
NEW YORK— Sotheby's auction house is selling nearly 550 photographs by the great American photographer Edward Weston. Sotheby's says the photographs are the largest collection of prints made by Cole Weston from his father's negatives in private hands. Cole Weston died in 2003..