San Francisco


  • The discovery of the deceit last month crippled the company and undermined credibility in Spain's stock market just as the country recovers from a four-year recession. Spain's judicial system does not require a formal plea and Garcia Martin has not given one.

  • Apple bans use of 2 chemicals in iPhone assembly Wednesday, 13 Aug 2014 | 7:01 PM ET

    SAN FRANCISCO— Apple is banning the use of two potentially hazardous chemicals during the final assembly of iPhones and iPads as part of the company's latest commitment to protect the factory workers who build its trendy devices.

  • NEW YORK, Aug 13- A global stock gauge rose on Wednesday, boosted by a technology-led rebound on Wall Street, while Brazilian markets were shaken by the death of presidential candidate Eduardo Campos in a plane crash.

  • Tech Tips: Considerations when phone contracts end Wednesday, 13 Aug 2014 | 4:46 PM ET

    MALVERN, Iowa— As my two-year contract with Verizon came to an end last month, I had to resist the company's various promotions and discounts. In accepting the offers, I'd have to give up Verizon's unlimited data plan, which lets me use the phone's cellular data connection as much as I want without overage fees.

  • *Yen subdued after Japan Q2 GDP contraction. NEW YORK, Aug 13- The dollar rose to one-week highs against the yen and inched higher versus the euro on Wednesday, getting support from gains on Wall Street after a relatively quiet day on the geopolitical front. But the dollar soon recovered after that in generally thin trading as Wall Street shares closed higher.

  • Virgin America flight attendants vote to unionize Wednesday, 13 Aug 2014 | 3:17 PM ET

    NEW YORK— Flight attendants at Virgin America voted in favor of union representation, according to election results announced Wednesday. Prior efforts to unionize the flight attendants at Virgin America failed, with 59 percent rejecting a union in 2011. In this summer's election, 58 percent voted to join the Transport Workers Union of America.

  • UPDATE 2-Rigel eye drug fails mid-stage study, shares fall Wednesday, 13 Aug 2014 | 10:48 AM ET

    Aug 13- Rigel Pharmaceuticals Inc said it would stop testing its drug for some patients with dry eye disease after the treatment failed a mid-stage study. British drugmaker AstraZeneca Plc scrapped its licensing deal for Rigel's rheumatoid arthritis treatment in June 2013.

  • Aug 13- Rigel Pharmaceuticals Inc said its experimental drug failed to meet the main goal in a mid-stage study in patients with dry eye disease, sending its shares down 10.7 percent in premarket trading. British drugmaker AstraZeneca stopped developing Rigel's rheumatoid arthritis treatment in June 2013.

  • Mobile security company Lookout raises $150 million Wednesday, 13 Aug 2014 | 8:01 AM ET

    Aug 13- Mobile security company Lookout Inc said it raised $150 million from a group of investors including Morgan Stanley and Goldman Sachs Group Inc.. San Francisco- based Lookout, whose customers include AT&T Inc and T-Mobile US Inc, said the latest round of financing was led by T. Rowe Price Associates Inc..

  • Planning IPO, Virgin America posts 2Q profit Tuesday, 12 Aug 2014 | 5:06 PM ET

    SAN FRANCISCO— Virgin America, which plans an initial public offering of stock, said Tuesday that it earned $37 million in the second quarter after losing money in the prior three months. The average fare rose 4.9 percent to $206.81, an increase of nearly $10 each way. The Burlingame, California- based airline filed last month for an IPO of up to $115 million.

  • Accusations fly between Uber and Lyft Tuesday, 12 Aug 2014 | 3:36 PM ET
    Lyft and Uber ride-sharing car apps.

    All is fair, they say, in love and war. And Uber and Lyft, two smartphone-based car services, are most certainly at war. NYT reports.

  • WASHINGTON/ NEW YORK, Aug 12- Approaching a historic turn in U.S. monetary policy, Janet Yellen has staked her tenure as chair of the Federal Reserve on a simple principle: she'd rather fight inflation than another economic downturn.

  • Apple's tech jobs held mostly by white, Asian men Tuesday, 12 Aug 2014 | 1:17 PM ET

    SAN FRANCISCO— Apple primarily relies on white and Asian men for its top-paying technology jobs, feeding the perception that Silicon Valley's economic boom is largely excluding women, blacks and Hispanics.

  • Wal-Mart: Try, try again Tuesday, 12 Aug 2014 | 11:21 AM ET

    NEW YORK— NEW YORK— Wal-Mart thought shoppers would like the opportunity to use a smartphone app to scan items they want to buy as they walk through store aisles. But customers couldn't figure out how to work the "Scan& Go" app during tests in 200 stores, so Wal-Mart nixed it.

  • Never wait for a restaurant check again—here's how Tuesday, 12 Aug 2014 | 10:11 AM ET

    Hate waiting to pay the restaurant check? A slew of businesses is here to help.

  • Aug 11- Search engine Google Inc and five Asian telecom and communications companies have agreed to invest about $300 million to develop and operate a trans-Pacific cable network connecting the United States to Japan.

  • In tech hiring case, a new player at the table Monday, 11 Aug 2014 | 7:46 PM ET

    SAN FRANCISCO, Aug 11- It's not often that a judge decides to blow up a settlement worth hundreds of millions of dollars because it is too low, but San Francisco attorney Daniel Girard convinced one Silicon Valley jurist to do exactly that.

  • SACRAMENTO, Calif., Aug 11- All smartphones sold in California would have to come with a "kill switch" to render them inoperable if lost or stolen under a bill passed by the legislature on Monday, the latest effort to stem an epidemic of phone theft in the most populous U.S. state.

  • TripAdvisor completes $200M purchase of Viator Monday, 11 Aug 2014 | 8:24 AM ET

    NEW YORK— Travel website operator TripAdvisor said Monday that it has completed its purchase of Viator, a website that lets consumers review and book trip activities like tours, for $200 million in cash. TripAdvisor agreed to buy Viator on July 24. Shares of TripAdvisor slipped 20 cents to $95.09 in midday trading.

  • Survey: US gas prices down 6 cents a gallon Sunday, 10 Aug 2014 | 8:29 PM ET

    CAMARILLO, Calif.— The average U.S. price of gasoline has dipped 6 cents a gallon in the past two weeks and prices in California have fallen 9 cents in the same time period. According to the Lundberg Survey released Sunday, the average nationwide for a gallon of regular is now $3.52. In California, prices for a gallon of regular dropped 9 cents to $3.86.