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  • Fake schools draw scrutiny of federal investigators Saturday, 24 Jan 2015 | 10:50 AM ET

    SAN FRANCISCO— From her hometown in India in 2010, Bhanu Challa said she had no reason to doubt that Tri-Valley University was a legitimate American school where she could pursue a master's degree. Authorities told her that Tri-Valley was a sham school. Tri-Valley is among at least half a dozen schools shut down or raided by federal authorities in recent years...

  • NEW YORK, Jan 23- The Federal Reserve could be key for Wall Street next week as investors get to hear from the U.S. central bank for the first time since a series of moves by its global peers, including the European Central Bank's massive stimulus plan. But the increased stimulus measures from the ECB and elsewhere globally, including the Bank of Canada, may make it...

  • SAN FRANCISCO— More than $300,000 in world-class wine stolen from a famed Napa Valley restaurant has been recovered from a private cellar on the other side of the country. The Yountville establishment is rated three stars in the Michelin guide and twice has been named the world's best by Restaurant Magazine. Still, those in the tight-knit Napa Valley wine...

  • Online storage provider Box soars in Wall Street debut Friday, 23 Jan 2015 | 10:26 AM ET

    SAN FRANCISCO— Box's shares soared more than 70 percent in their stock market debut Friday despite the online storage provider's decade-long history of losses, a showing that may encourage more unprofitable technology startups to go public this year. The start on the New York Stock Exchange came after Box Inc. sold 12.5 million shares for $14 apiece in a...

  • *Uber applies for radio taxi license in New Delhi. NEW DELHI, Jan 23- Uber, the U.S.-based online taxi-hailing company, has restarted services in India's capital after a ban following rape allegations against one of its drivers, but a government official said the company remains blacklisted. Uber's app showed taxis available for booking in New Delhi on Friday.

  • DAVOS, Switzerland, Jan 23- Jack Ma, executive chairman of Chinese e-commerce giant Alibaba Group Holding, isn't worried about slowing Chinese economic growth, he told a meeting of business and political leaders in Davos, Switzerland. China should pay attention to the quality of the economy, "he said in a question-and-answer session at the World Economic Forum.

  • *Application follows tie-up in Korea, CEO job-creation promise. NEW DELHI, Jan 23- U.S. taxi-hailing app maker Uber Technologies Inc has restarted services in India's capital after a ban following rape allegations against one of its drivers, but a government official said the company remains blacklisted. The service restoration comes as Uber works to counter...

  • Hazy skies will serve as the backdrop to meetings with Indian Prime Minister Narendra Modi and other officials who are expected to discuss India's biggest environmental woes: Heavy reliance on fossil fuels that has transformed New Delhi into the planet's most polluted capital and made India the third biggest national emitter of greenhouse gases.

  • The U.S. Chemical Safety Board says in a final draft report released Thursday the fire that stemmed from a corroded pipe at Chevron's Richmond refinery was magnified by the inadequate response by company emergency crews. The San Jose Mercury News reports investigators listed in a 132- page report a series of missteps by the refinery that led to the blaze.

  • LOS ANGELES— Negotiators trying to resolve labor strife at West Coast seaports took Thursday off, as thousands of dockworkers rallied against employers they say are trying to exploit a crisis of cargo congestion at harbors that handle about $1 trillion worth of goods annually. Port police estimated that 6,000 people took part in the rally in Los Angeles and...

  • SAN FRANCISCO— Online storage provider Box has wrapped up its long-delayed IPO at $14 per share, setting up a test of investors' appetite for a rapidly growing technology company that hasn't proven it can make money. The terms reached late Thursday topped a target range of $11 to $13 per share pegged by Box's bankers last week. Since then, Box continued to lose money...

  • WASHINGTON— U.S. home rental prices continued to climb at a modest pace in December, but rapidly escalating costs in cities such as San Francisco and Denver suggest that apartment dwellers are facing more financial pressure. Prices rose 3.3 percent in December compared with 12 months earlier, real estate data firm Zillow said Friday. Rental prices have risen 52...

  • Box wraps up IPO at $14 per share to raise $175 million Thursday, 22 Jan 2015 | 7:58 PM ET

    SAN FRANCISCO— Online storage provider Box has wrapped up its long-delayed IPO at $14 per share, setting up a test of investors' appetite for a rapidly growing technology company that hasn't proven it can make money. The terms reached late Thursday topped a target range of $11 to $13 per share pegged by Box's bankers last week. Since then, Box continued to lose money...

  • Apple's Cook gets hefty bonus for 2014 Thursday, 22 Jan 2015 | 7:40 PM ET

    SAN FRANCISCO— Apple CEO Tim Cook got a hefty cash bonus that brought his total compensation to $9.2 million last year. Cook's pay for fiscal 2014 included $1.7 million in salary and $6.7 million in incentive pay that was awarded by Apple's board after he beat the performance goals that directors had set for him, according to a regulatory filing Thursday.

  • WASHINGTON, Jan 22- Federal Reserve policymakers, already struggling to assure investors that they remain on track for a mid-year interest rate rise, will find the task has just become harder with their peers in Europe and elsewhere headed in the opposite direction. The European Central Bank's decision on Thursday to pump 60 billion euros a month into the...

  • LOS ANGELES— Negotiators trying to resolve labor strife at West Coast seaports took Thursday off, as dockworkers gathered to rally against employers they say are trying to exploit a crisis of cargo congestion at harbors that handle about $1 trillion worth of goods annually. "I'm told that there's been some improvement in the last week," said Steve Getzug, a...

  • UPDATE 1-Amazon to buy Israeli start-up Annapurna Labs Thursday, 22 Jan 2015 | 2:47 PM ET

    SAN FRANCISCO/ JERUSALEM, Jan 22- U.S. tech giant Amazon confirmed on Thursday that it has agreed to buy Israeli chipmaker Annapurna Labs for its cloud computing unit, Amazon Web Services. Annapurna Labs is owned by businessman Avigdor Willenz with other investors including British chip designer ARM and venture capital firm Walden International, the...

  • On Jan. 25, 1915, to celebrate the completion of the Panama Canal and to show that San Francisco had recovered from the 1906 earthquake and fire, American Telephone and Telegraph Co. conducted a call between the city and New York before the opening of the Panama-Pacific International Exposition and World's Fair in San Francisco. The original phones will be on...

  • NEW YORK— Royal Bank of Canada plans to boost its services for wealthy clients by paying about $5.4 billion in cash and stock to buy U.S.-based City National. City National is a Los Angeles wealth management company and lender that serves high net worth individuals and businesses. City National said it has $32.6 billion in assets and manages or administers...

  • NEW YORK Jan 22- New Jersey governor Chris Christie plans on Thursday to introduce former Detroit emergency manager Kevyn Orr as part of an emergency management team for struggling Atlantic City, according to a press invitation to the event. A former corporate bankruptcy lawyer at the firm Jones Day, he most recently guided Detroit through the biggest-ever...