GO
Loading...

California

More

  • SAN FRANCISCO— Altera's stock soared to its highest price in nearly four years Friday on a report the chipmaker is in talks to be sold to industry leader Intel. Intel Corp.' s shares rose $1.92, or more than 6 percent, to close at $32. Altera makes chips used in phone networks and cars, two areas that Intel has been angling to get into as demand for personal computer chips...

  • Communication startup Slack reports data breach Friday, 27 Mar 2015 | 4:49 PM ET

    Slack provides communication tools that integrate with several third-party applications such as Google Inc's Hangout and Twitter. It counts New York Times Co, Spotify and airbnb among its customers. Cybercrimes have emerged as one of the biggest threat to businesses, with companies such as Sony Corp and Target Corp finding themselves at the receiving end in...

  • Stored for decades in attics, closets and a bank safe-deposit box in New Jersey, the gun belonging to former IRS agent Michael Malone— and possibly used by members of Al Capone's gang— is headed to Las Vegas, where it will be part of an the exhibit at The Mob Museum beginning in mid-April. "Michael Malone was, I believe, the greatest undercover agent in the history of law...

  • US STOCKS-Wall St ends 4-day skid on late tech rally Friday, 27 Mar 2015 | 4:28 PM ET

    *Intel in talks to buy Altera- WSJ. The Wall Street Journal reported chipmaker Intel Corp is in talks to buy rival Altera Corp, citing people familiar with the matter, sending the PHLX semiconductor index up 2.8 percent. Intel shares jumped 6.4 percent to $32 as the biggest boost to the Dow, S&P 500 and Nasdaq 100 indexes.

  • SAN FRANCISCO, March 27- A California jury has reached a verdict in a high profile gender discrimination lawsuit brought by former Kleiner, Perkins, Caufield and Byers partner Ellen Pao against the venture capital firm, a court official said on Friday. The verdict will be read at 2 p.m. PT in San Francisco Superior Court in a case that helped spark a broad discussion...

  • UPDATE 1-Intel in talks to buy Altera -WSJ report Friday, 27 Mar 2015 | 4:13 PM ET

    March 27- Intel Corp is in talks to buy fellow chipmaker Altera Corp in a deal that would likely top $10 billion, marking the latest merger in the semiconductor business, the Wall Street Journal reported on Friday. An acquisition of Altera, which makes programmable chips widely used in cellphone towers, the military and other industrial applications,...

  • WASHINGTON— Federal Reserve Chair Janet Yellen said Friday that continued improvement in the U.S. economy means an increase in the Fed's key interest rate could come later this year. Yellen said in a speech in San Francisco that the time to start raising the rate could occur "sometime this year," though she said the time hasn't yet arrived. Yellen said Japan's...

  • SAN FRANCISCO— Google is teaming up with Johnson& Johnson to build robots that can help surgeons in the operating room. Google will work with Ethicon, a medical device company owned by Johnson& Johnson. Johnson& Johnson's innovation center in California negotiated the partnership with Google, which is based in Mountain View, California.

  • NEW YORK, March 27- The macaroni and ketchup merger of Kraft Foods Group and H.J. Brazilian private equity firm 3 G Capital Partners and Warren Buffett's Berkshire Hathaway announced a $46 billion deal to consolidate the companies Wednesday, one that will create the No. 3 packaged food maker in North America after PepsiCo and Nestle USA.. That should take some...

  • HOUSTON— Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. declined by 21 this week to 1,048 amid falling oil prices. Houston- based Baker Hughes said Friday 813 rigs were seeking oil and 233 exploring for natural gas. Among major oil- and gas-producing states, Alaska, Louisiana, Oklahoma and Texas each...

  • *Dow Chemical to spin off unit, merge it with Olin. *Fed Chair Janet Yellen to speak shortly before the closing bell. NEW YORK, March 27- U.S. stocks were flat on Friday, with the S&P 500 on track for its worst week since late January, ahead of a speech by Federal Reserve Chair Janet Yellen that could create a volatile close on Wall Street.

  • *Dow Chemical to spin off unit, merge it with Olin. NEW YORK, March 27- U.S. stocks held near the unchanged mark on Friday, putting major indexes on track to barely snap a four-session losing streak, ahead of a speech by Federal Reserve Chair Janet Yellen that could create a volatile close on Wall Street. What we've done is bounce down to the low end of the recent range set...

  • SAN FRANCISCO— Apple CEO Tim Cook is joining a long list of magnates promising to give away most of the wealth that they amass during their careers. Microsoft co-founder Bill Gates, Berkshire Hathaway CEO Warren Buffett and Oracle Chairman Larry Ellison are among more than 120 wealthy people and families who have announced they will give away their fortunes.

  • US STOCKS-Wall St flat head of Yellen; biotechs bounce Friday, 27 Mar 2015 | 12:44 PM ET

    *Dow Chemical to spin off unit, merge it with Olin. NEW YORK, March 27- U.S. stocks held near the unchanged mark on Friday, putting major indexes on track to barely snap a four-session losing streak, ahead of a speech by Federal Reserve Chair Janet Yellen that could create a volatile close on Wall Street. What we've done is bounce down to the low end of the recent range set...

  • SolarCity says it will hire 300 new employees in sales Friday, 27 Mar 2015 | 11:57 AM ET

    NEW YORK— Solar installer SolarCity said Friday it plans to hire at least 300 new employees in 2015 as it opens a larger office in Roseville, California. SolarCity has about 450 employees in sales, design, IT and other roles at its office in Roseville, including most of its inside sales staff. SolarCity Corp. is the largest U.S. installer of solar panels.

  • *Crude dips as market reassesses Yemen conflict impact. Trading in many markets was choppy, with oil dropping back after Thursday's spike on Saudi-led air attacks in Yemen and investors awaiting a speech on monetary policy later on Friday by Federal Reserve Chair Janet Yellen. "Yellen will be the big news of the day, certainly, so I don't expect a lot of movement...

  • NEW YORK, March 27- The dollar posted minor gains against the euro on Friday while slipping slightly against the yen and the Swiss franc as bullish bets on the dollar lost some steam ahead of comments from Federal Reserve Chair Janet Yellen. Yellen will speak on monetary policy in San Francisco at 3:45 p.m. EST and traders will keep an ear out for clues on when the...

  • Hunter Newby describes himself as a real estate entrepreneur, even if he's not marketing houses or land. Newby is chief executive of Allied Fiber, a New York firm that is nearing completion of a broadband route from Miami to Atlanta. One of those weak points was exposed last month when vandals sliced a fiber-optic cable in the Arizona desert between Phoenix and...

  • *Dow Chemical to spin off unit, merge it with Olin. NEW YORK, March 27- U.S. stocks edged up on Friday, with major indexes trying to avoid falling every day this week, ahead of a speech by Federal Reserve Chair Janet Yellen that could make for a volatile close on Wall Street. "Yellen will be the big news of the day, certainly, so I don't expect a lot of movement before that," said...

  • NEW YORK, March 27- U.S. Gross domestic product expanded at a 2.2 percent annual rate, unrevised from last month's forecast, the Commerce Department said on Friday in its third GDP estimate. The most important component, personal consumption, was revised higher, however, and that was expected, "said Lou Brien, a market strategist at DRW Trading in Chicago.