The peer-to-peer home rental company hopes to start collecting New York hotel taxes by July 1.» Read More
PHOENIX— Among the major issues left to cover at the Arizona Legislature before the session ends is how to regulate the increasingly popular ridesharing programs like Uber and Lyft. The Senate on Monday is expected to debate a bill that aims to regulate Uber and others.
In a brief filed with the 9th U.S. Circuit Court of Appeals in San Francisco on Thursday, AbbVie Inc said the full court should review an initial three-judge decision that found a gay man was improperly excluded from jury service due to his sexual orientation.
NEW YORK— Rumors of an Amazon smartphone reached a fever pitch this week, with The Wall Street Journal reporting that the device could be due out this year. Amazon hasn't confirmed that it has plans for a smartphone, and it isn't clear what such a device might offer in the way of distinctive features.
"Information you choose to share with the White House may be treated as public information," the new policy says. But it cannot make the same assurances for users who go to third-party White House sites on Facebook, Twitter or Google Plus.
Startup investments totaled $9.47 billion in the first three months of the year, up from $6.01 billion in the first quarter of 2013. It was the highest since the second quarter of 2001, when investments reached $11.5 billion. Since March, shares of companies such as Netflix, Twitter and Facebook have sagged.
Several behemoths, including Apple, the largest U.S. company by market value, as well as Microsoft, McDonald's and AT&T, are due to report earnings.
SAN FRANCISCO, April 17- Shares of Weibo Corp rose 19 percent in their U.S. debut on Thursday, sweeping aside concerns that Chinese censorship will hurt the growth of the country's Internet sector and broader worries about lofty tech-stock valuations.
SAN FRANCISCO, April 17- Shares of Weibo Corp rose as much as 41 percent in their U.S. debut on Thursday, sweeping aside concerns that censorship in China will hurt the growth of the country's Internet sector and broader worries about the outlook for tech-sector stocks.
NEW YORK— Facebook users in the U.S. will soon be able to see which of their friends are in close proximity using a new feature the company is launching on Thursday. The feature uses your smartphone's GPS system to tell your Facebook friends you are nearby— provided they have the feature turned on.
April 17- Shares of Weibo Corp, the owner of a Chinese Twitter-like messaging service, rose as much as 14.6 percent in their U.S. debut, overcoming worries about the outlook for tech sector and concerns that censorship in China was affecting its user growth. That would make it the biggest internet company IPO since Facebook Inc's $16 billion IPO in 2012..
BERLIN— Ride-hailing app Uber could face a ban in the German capital after the head of the Berlin Taxi Association convinced a local court that the company's service breaks the law.
SAN FRANCISCO— Yahoo's recently fired chief operating officer, Henrique de Castro, left the Internet company with a severance package of $58 million even though he lasted just 15 months on the job.
Why high oil prices are actually good for airlines. NEW YORK— Airline executives frequently complain about fuel costs, but higher prices actually have been good for business. The average cost of a roundtrip domestic ticket grew to $378.62 from $351.48 in the last five years, when adjusted for inflation.
NEW YORK— Online dating service Zoosk is filing for an initial public offering worth as much as $100 million. The San Francisco company wants to list its shares on the New York Stock Exchange under the symbol "ZSK." Zoosk lost $20.7 million in 2012 and pared its deficit to $2.6 million in 2013, while its revenue grew 63 percent to $178.2 million.
BofA Merrill Lynch, Citigroup and RBC Capital Markets are the underwriters to the IPO, the San Francisco- based company told the U.S. Securities and Exchange Commission in a preliminary prospectus. Zoosk is backed by venture capital firms including Canaan VIII LP, ATA Ventures and Bessemer Venture Partners.
SAN FRANCISCO— Google's first-quarter earnings growth faltered as the Internet's most influential company grappled with a persistent downturn in advertising prices while spending more money to hire employees and invest in daring ideas. Google's Class A stock shed $17.10, or 3 percent, to $546.80 in extended trading.
NEW YORK, April 16- Still hurting from last year's see-through yoga pants debacle, Lululemon Athletica Inc is about to face a new headache: stepped up competition from rival yoga retailers, department stores and hot new brands.
NEW YORK— Gap Inc. announced Wednesday it plans to more than triple sales in China in three years as it seeks to grab a bigger piece of the overall $1.4 trillion global clothing market.
SAN DIEGO— California home prices surged to a six-year high in March amid lackluster sales at the start of the traditional buying season, a research firm said Wednesday.
NEW YORK— Airline executives frequently complain about fuel costs. "Traditionally, it was too easy to start an airline and too difficult to kill one off," says Jamie Baker, an airline analyst with JPMorgan Chase. Last year, they paid an average of $3.03 a gallon, according to the Bureau of Transportation Statistics.