San Francisco


  • Sept 23- Oracle Corp's Larry Ellison, who is stepping aside as chief executive officer, took less money home in fiscal 2014 that the year before following criticism of his compensation and concerns about the software company's struggles against smaller rivals.

  • UPDATE 1-Oracle's Ellison got $67.3 mln as CEO in 2014 Tuesday, 23 Sep 2014 | 6:17 PM ET

    Sept 23- Oracle Corp's Larry Ellison, who is stepping aside as CEO, received $67.3 million as compensation in that role in 2014, a 15.5 percent drop from a year earlier. Oracle surprised Wall Street last week with the announcement that Ellison would be replaced by presidents Safra Catz and Mark Hurd..

  • Oracle's Ellison got $67.3 mln as CEO in 2014 Tuesday, 23 Sep 2014 | 5:43 PM ET

    Sept 23- Oracle Corp's Larry Ellison's salary as chief executive dropped 15.5 percent to $67.3 million in 2014, according to a company filing on Tuesday. Oracle surprised Wall Street last week with the announcement that Ellison was stepping aside as CEO to be replaced by presidents Safra Catz and Mark Hurd in a joint role..

  • Business Highlights Tuesday, 23 Sep 2014 | 5:34 PM ET

    Cadillac to ditch Detroit for trendy NYC address. DETROIT— Cadillac wants a jolt from the city that never sleeps. General Motors' 112- year-old luxury car division, founded in Detroit and named for the city's founder, is moving its headquarters to New York.

  • Big new iPhone brings Apple more profit Tuesday, 23 Sep 2014 | 4:59 PM ET

    SAN FRANCISCO— Apple's largest iPhone is selling for $100 more than its other new model, but an outside research firm estimated Tuesday that it costs Apple only $15.50 more to make the more expensive version. The full, no-contract price for the 16- gigabyte iPhone 6 is $650. The iPhone 6 Plus retails for $750 without a contract, but IHS says it costs Apple $215.60.

  • US, California release roadmap for solar projects Tuesday, 23 Sep 2014 | 2:59 PM ET

    SAN FRANCISCO— State and federal officials sought Tuesday to bring order to California's boom for renewable-energy plants in the Mojave and other southern California deserts, releasing a roadmap covering 22.5 million acres that designates some areas for large-scale solar, wind and geothermal plants and others for conservation of desert habitat and animals.

  • Soda makers pledge to reduce calorie consumption Tuesday, 23 Sep 2014 | 1:35 PM ET

    NEW YORK— Coke, Pepsi and Dr Pepper said Tuesday they'll work to reduce the calories Americans get from beverages by 20 percent over the next decade by more aggressively marketing smaller sizes, bottled water and diet drinks.

  • Seattle to fine residents for not composting Tuesday, 23 Sep 2014 | 11:27 AM ET

    SEATTLE— Seattle residents who fail to separate food waste from trash will be fined. Seattle Public Utilities estimates that about a third to one-half of what now goes in the trash should be recycled or put in compost bins.

  • Messaging app seeks to bring voices back to phones Tuesday, 23 Sep 2014 | 12:02 AM ET

    SAN FRANCISCO— Longtime technology guru Ray Ozzie wants to bring back the emotions of the human voice to phones. Ozzie, 58, Microsoft's former chief software architect, hopes to orchestrate voice's comeback through Talko, a mobile application being released Tuesday for the iPhone.

  • Business Highlights Monday, 22 Sep 2014 | 6:00 PM ET

    NEW YORK— Hundreds of corporations, insurance companies and pension funds are calling on world leaders gathering for a U.N. summit on climate change this week to attack the problem by making it more costly for businesses and ordinary people to pollute.

  • Investors fret Yahoo's future, stock dips Monday, 22 Sep 2014 | 3:52 PM ET

    SAN FRANCISCO— Yahoo may be losing some appeal on Wall Street now that U.S. investors can buy directly into Alibaba. The sell-off came even though Yahoo reaped more than $9 billion last week from selling some of its stake in Alibaba, as the Chinese e-commerce company held a record-setting initial public offering of stock.

  • Samsung may launch first Tizen phone in India Monday, 22 Sep 2014 | 3:18 AM ET

    SEOUL, South Korea— Samsung Electronics Co., which faces a slowdown in emerging market smartphone sales, will release its long-delayed Tizen-powered handset in India before the end of this year, a report said Monday.

  • Gov. Brown signs clean-air vehicle legislation Sunday, 21 Sep 2014 | 5:47 PM ET

    SACRAMENTO, Calif.— Governor Jerry Brown signed into law several bills designed to boost use of clean air vehicles in California. Such roads exist in Orange and Riverside counties, and the San Francisco area.

  • US gas prices fall, extending summer decline Sunday, 21 Sep 2014 | 2:33 PM ET

    CAMARILLO, Calif.— A national survey says the average price of a gallon of regular gasoline has dropped another 9 cents over the last two weeks, to $3.37, bringing the decline to 34 cents over the last 13 weeks. Jackson, Mississippi, had the lowest price among cities surveyed in the Lower 48 states, with $3.03 a gallon.

  • Will more pensions dump hedge funds? Sunday, 21 Sep 2014 | 12:00 AM ET
    The California Public Employees' Retirement System building in Sacramento, Calif.

    More pension funds consider divesting from hedge funds, due to poor performance and high costs. NYT reports.

  • New smartphone app gives sight to the blind Saturday, 20 Sep 2014 | 7:00 AM ET

    SAN FRANCISCO, Sept 20- Jonathan Mosen, who has been blind since birth, spent his evening snapping photos of packages in the mail, his son's school report and labels on bottles in the fridge.

  • The lure of fall travel despite rising hotel prices Saturday, 20 Sep 2014 | 7:00 AM ET

    As hotels prices rise through fall, travelers are expected to hit the road, lured by new hotels, Ferrari driving packages and upgraded attractions.

  • NEW YORK, Sept 19- If Larry Ellison sailed off on his yacht for good tomorrow, who would really run Oracle Corp? Of 12 analysts who replied to an anonymous poll, five said Catz would likely run Oracle, while only one voted for Hurd, 57. Four said both would continue to run the company, one said neither, and one plumped for dark-horse internal candidate Thomas Kurian.

  • NEW YORK/ SAN FRANCISCO, Sept 19- Apple Inc's latest phone lured throngs of gadget lovers, entrepreneurs and early adopters to its stores in New York, San Francisco and other cities around the world in the latest sign of strong initial demand for the new, larger generation of iPhones.

  • The IPO, which vaulted Alibaba founder Jack Ma into the ranks of tech billionaires like Bill Gates and Jeff Bezos, sets the stage for the Chinese e-commerce juggernaut to expand in the United States, Europe and Asia. Alibaba's closed price of $93.98 gave the company a market cap of $231 billion.