San Francisco


  • Alibaba invests $120 mln in Kabam in latest U.S. deal Thursday, 31 Jul 2014 | 6:00 PM ET

    NEW YORK, July 31- Alibaba Group Holding Ltd has invested $120 million in San Francisco- based mobile games studio Kabam, the latest in a string of U.S. investments intended to build up the Chinese online retailer's presence in the world's biggest Internet arena.

  • AP PHOTOS: Mansion or shack? It's the $1M question Thursday, 31 Jul 2014 | 3:54 PM ET

    That's what$ 1 million will buy you in the Phoenix suburb of Mesa. The Bay Area saw a record number of houses and condos going for $1 million and above in the spring, pushing the median selling price into the cool million-dollar range for the first time in June, real estate research firm CoreLogic DataQuick said Thursday.

  • *Iliad bids $15 billion in cash for 56.6 pct at $33 per share. PARIS/ NEW YORK, July 31- French telecoms company Iliad SA has made a surprise offer for T-Mobile US Inc, setting up a potential bidding war with rival suitor Sprint Corp, the U.S. mobile carrier now controlled by Japan's Softbank.

  • Twitter: Govt. requests for user data increased Thursday, 31 Jul 2014 | 3:00 PM ET

    NEW YORK— Twitter said government requests for user data grew sharply in the past six months as more countries asked for a greater amount of information about users.

  • PARIS/ NEW YORK, July 31- French telecoms company Iliad has made a surprise offer for T-Mobile US Inc, setting up a potential bidding war with rival suitor Sprint Corp, the U.S. mobile firm now controlled by Japan's Softbank.

  • PG&E 2Q profit drops as expenses climb Thursday, 31 Jul 2014 | 1:31 PM ET

    SAN FRANCISCO— PG&E Corp.' s second-quarter net income dropped 19 percent, hindered in part by rising operating expenses. The San Francisco company's net income after preferred dividends fell to $267 million, or 57 cents per share, for the three months ended June 30. That's down from $328 million, or 74 cents per share, a year ago.

  • In San Francisco real estate, $1M won't buy much Thursday, 31 Jul 2014 | 12:48 PM ET

    SAN FRANCISCO— San Francisco Association of Realtors President Betty Taisch has two words of advice for those who want to live here and think $1 million will buy them their dream house: Think again.

  • NEW YORK, July 31- French telecoms operator Iliad SA has recently made a buyout approach for T-Mobile US Inc, according to a person familiar with the matter, a surprise bid that counters an existing takeover bid by Sprint Corp..

  • July 31- French telecoms operator Iliad SA has made a buyout offer for T-Mobile USA Inc, a person familiar with the matter said, countering an offer by Sprint Corp..

  • Candidate goes homeless to show economic gap Thursday, 31 Jul 2014 | 11:11 AM ET

    SACRAMENTO, Calif.— The Republican candidate for California governor said Thursday he spent a week living as a homeless person in Fresno to highlight the disparity between the governor's claim that the state is making an economic comeback and the reality faced by the working poor in the nation's most populous state.

  • One vulnerability involves flaws in the way scores of manufacturers of Apple, Google Android and Blackberry devices, among others, have implemented an obscure industry standard that controls how everything from network connections to user identities are managed.

  • SAN FRANCISCO— Data firm: San Francisco Bay Area sells record number of million-dollar homes amid tech boom.

  • In a note on the nonprofit's website, Tor Project leader Roger Dingledine said the service had identified computers on its network that had been quietly altering Tor traffic for five months in an attempt to unmask users connecting to what are known as "hidden services."

  • Yelp reports 2Q profit Wednesday, 30 Jul 2014 | 5:12 PM ET

    SAN FRANCISCO— Yelp Inc. on Wednesday reported a second-quarter profit after posting a loss in the same period a year ago. The San Francisco- based company reported net income of $2.7 million, or 4 cents per share, compared with a loss of $878,000, or 1 cent per share, in the same quarter a year ago.

  • Portland OKs Airbnb-type short-term rentals Wednesday, 30 Jul 2014 | 3:16 PM ET

    Mayor Charlie Hales and the city commissioners said they want Portland to be active in the "sharing economy." David Owen, regional head of public policy for Airbnb, said Portland is the first city for which the company is collecting such taxes.

  • *The central bank cut its monthly asset purchases to $25 billion from $35 billion, leaving it on course to shutter the program this fall. KIM RUPERT, MANAGING DIRECTOR AT ACTION ECONOMICS IN SAN FRANCISCO:. OMER ESINER, CHIEF MARKET STRATEGIST, COMMONWEALTH FOREIGN EXCHANGE, WASHINGTON:.

  • NEW YORK, July 30- A Connecticut lawmaker on Wednesday launched the first national effort in years to tax soda drinks, the latest bid by regulators and politicians to stem rising obesity and diabetes rates by curbing the consumption of sugary drinks.

  • Small businesses see revenue gains, hire workers Wednesday, 30 Jul 2014 | 11:39 AM ET

    NEW YORK— The long-awaited surge in hiring at small businesses appears to be underway. Faulkner Hyundai in Harrisburg, Pennsylvania, is adding seven people to its staff of 92 because new cars are selling at their fastest rate in eight years. As recently as March, an American Express survey found 76 percent of owners planned to hire only when their revenue rose.

  • Internet privacy service Tor warns users it was attacked Wednesday, 30 Jul 2014 | 11:12 AM ET

    BOSTON, July 30, Reuters- Tor, the Internet privacy protecting service, said on Wednesday it discovered a compromise on its network that indicated somebody was trying to monitor the activity of its users.

  • What's a group selfie? Usie (pronounced uss-ee) Wednesday, 30 Jul 2014 | 8:18 AM ET

    "Usies are a growing trend that I think have far more social value than selfies," said Michal Ann Strahilevitz, a professor of marketing at Golden Gate University in San Francisco who studies consumer behavior. "