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  • Microsoft CEO launches diversity training effort Friday, 17 Oct 2014 | 12:13 PM ET

    SAN FRANCISCO— Still working to repair damage caused by his gaffe about women seeking pay raises, Microsoft CEO Satya Nadella has again apologized to employees and announced in a company-wide memo that all workers will receive expanded training on how to foster an inclusive culture. Microsoft's female employees in the United States earn 99.7 percent of what...

  • NEW YORK, Oct 16- Wells Fargo is closing down its alternative trading system, or "dark pool," due to decreased customer demand, the company said on Thursday. The move by Wells Fargo comes as regulatory scrutiny over dark pools has intensified over concerns about the lack of transparency in the trading venues. Wells Fargo's dark pool ranks 32nd out of 41 alternative...

  • NEW YORK, Oct 16- A former analyst at a San Francisco hedge fund who prosecutors say engaged in an "unparalleled" spree of tipping inside information he obtained from an executive at Foundry Networks Inc was sentenced on Thursday to five years in prison. District Judge Robert Patterson in Manhattan to pay $653,890 in fines and forfeitures for his role in a...

  • Ex-analyst gets 5 years in prison in NYC case Thursday, 16 Oct 2014 | 4:18 PM ET

    NEW YORK— A former investment analyst for a San Francisco hedge fund was sentenced Thursday to five years in prison after prosecutors labeled him one of the most prolific leakers of inside information they'd ever seen. Before hearing the sentence in federal court in Manhattan, a tearful Matthew Teeple apologized for bringing shame to his family.

  • Google's 3Q earnings fall as expenses climb 30 pct Thursday, 16 Oct 2014 | 4:16 PM ET

    SAN FRANCISCO— Google's third-quarter earnings slipped as the Internet search leader hired nearly 3,000 more employees while pouring more money into its zest for innovation and quest for new markets. The results announced Thursday fell below analyst estimates, causing Google's stock to drop by $12.92, or 2.4 percent, to $524 in extended trading.

  • No time to cook? Maybe a cyber sous chef can help Thursday, 16 Oct 2014 | 10:33 AM ET

    "The idea came out of a need my co-founders and I had in our own lives," says Matt Salzberg, co-founder and CEO of Blue Apron, a 2- year-old New York startup that delivers high-end, pre-measured ingredients to your doorstep. Supermarkets and even online giants such as Amazon and Google deliver groceries. "All these companies make the promise, whether explicit or not, of...

  • Gap approves $500M stock repurchase Thursday, 16 Oct 2014 | 10:16 AM ET

    NEW YORK— Retailer Gap said Thursday it approved the repurchase of up to $500 million in company stock. The San Francisco- based company had approved a $1 billion buyback last November. This month, the company announced that an executive focused on digital efforts, Art Peck, would replace Glenn Murphy as CEO.

  • High court clears bullet train but problems remain Thursday, 16 Oct 2014 | 5:05 AM ET

    SACRAMENTO, Calif.— California will forge ahead with plans to build the nation's first bullet train by buying land in the Central Valley and demolishing buildings in the path of the $68 billion rail line after the state Supreme Court decided not to hear an appeal from opponents of the project. Demolition and engineering work has already begun around Fresno, one...

  • Regulator recuses himself amid PG&E emails probe Wednesday, 15 Oct 2014 | 7:17 PM ET

    SAN FRANCISCO— A California Public Utilities Commission member who was involved in secret email exchanges with the state's largest utility said Wednesday he is recusing himself from several matters related to the company. Mike Florio said in a brief notice that he is removing himself from an ongoing rate case involving Pacific Gas& Electric Co. and...

  • Scant information has emerged since GT Advanced Technologies Inc filed for bankruptcy last week, wiping out most of its market value and triggering speculation about what may have soured its Apple relationship and torpedoed its prospects. GT Advanced cited strict confidentiality requirements in its Apple contracts which, if violated, carry fines of $50...

  • Netflix's stock plunges as subscriber growth slips Wednesday, 15 Oct 2014 | 4:30 PM ET

    SAN FRANCISCO— This is a sequel that Netflix shareholders never wanted to see: The world's largest Internet video service has once again turned off potential viewers with a price increase that is punishing the company's stock price. The backlash surfaced in a third-quarter earnings report that Netflix Inc. released Wednesday. Netflix's subscriber growth...

  • NEW YORK, Oct 15- U.S. Treasuries jumped on Wednesday, with 30- year bond prices touching a near two-year high as disappointing U.S. economic data stung Wall Street and aggravated widening worries about a global slowdown. Treasuries were boosted by growing signs that Europe's economies were sputtering and of disinflation in China, trends that may dull...

  • Fed survey finds moderate growth nationwide Wednesday, 15 Oct 2014 | 2:04 PM ET

    The Fed report released Wednesday said six of its 12 regions— Cleveland, Chicago, St. Louis, Minneapolis, Dallas and San Francisco— reported "moderate" growth. In the New York region, however, manufacturing growth stalled, and Boston reported weaker results than in the past few reports. Three districts— Cleveland, Chicago and San Francisco— reported stronger demand...

  • Charles Schwab Corp says 3rd-qtr profit jumps 11 percent Wednesday, 15 Oct 2014 | 1:38 PM ET

    NEW YORK, Oct 15- Charles Schwab Corp, the discount brokerage pioneer now marketing itself as a full-service firm that gives investors advice, said its third-quarter profit climbed 11 percent from a year earlier to $321 million on double-digit growth in management fees and interest revenue. The San Francisco- based firm's total revenue rose 12.9 percent from...

  • Google tries to upstage Apple with latest devices Wednesday, 15 Oct 2014 | 1:32 PM ET

    SAN FRANCISCO— Google is coming out with bigger, more expensive versions of its Nexus phone and tablet to attract more of the affluent consumers who faithfully buy each new generation of Apple's iPhone and iPad. The new lineup announced Wednesday is Google's latest volley in its duel with Apple in the increasingly important mobile device market.

  • HBO unleashes streaming from cable contracts Wednesday, 15 Oct 2014 | 11:28 AM ET

    "HBO and ESPN are the two main reasons why people have cable and satellite TV," says Forrester analyst James McQuivey. Video streamers aren't falling behind on entertainment— cord-cutters watched about 100 hours of video per month during the first half of this year, estimates the Internet research firm Sandvine. The trend accelerated as Netflix's Internet...

  • TREASURIES-Prices touch new highs as U.S. data disappoints Wednesday, 15 Oct 2014 | 10:47 AM ET

    NEW YORK, Oct 15- U.S. Prices of 30- year Treasuries rose more than 5 points to yield as little as 2.673 percent, a level last seen in November 2012, before pulling back. "There was a trifecta of weak data this morning: several disappointments in sales, manufacturing and prices," said Kim Rupert, managing director of Action Economics in San Francisco.

  • NEW YORK, Oct 15- U.S. "There was a trifecta of weak data this morning: several disappointments in sales, manufacturing and prices," said Kim Rupert, managing director of Action Economics in San Francisco. Yields rose sharply in early New York trading after the U.S. Commerce Department reported that U.S. retail sales declined 0.3 percent in September, a surprisingly...

  • Facebook, Apple pay for egg freezing, sperm donors Wednesday, 15 Oct 2014 | 9:06 AM ET

    But beyond day-to-day luxuries, Facebook and Apple will now give up to $20,000 in benefits to help employees pay for infertility treatments, sperm donors and even to freeze their eggs. "Anything that gives women more control over the timing of fertility is going to be helpful to professional women," said Shelley Correll, a sociology professor and director of the...

  • Schwab meets 3Q profit forecasts Wednesday, 15 Oct 2014 | 8:51 AM ET

    SAN FRANCISCO _ The Charles Schwab Corp. on Wednesday reported third-quarter profit of $321 million. The average estimate of analysts surveyed by Zacks Investment Research was also for earnings of 25 cents per share. Analysts expected $1.49 billion, according to Zacks.