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  • Paramount owns prestigious properties such as San Francisco's One Market Plaza building and New York's 1633 Broadway. Paramount owns about 10.4 million square feet of office properties that generated an annualized rent of about $576 million, as of Sept. 30. Paramount plans to become a real estate investment trust after the offering.

  • WhatsApp encrypts messages from beginning to end Tuesday, 18 Nov 2014 | 5:45 PM ET

    The messaging service, which has 600 million users and is especially popular in Europe and Asia, added the new encryption to its last update for Android smartphones, according to Open Whisper Systems, the San Francisco- based software group that developed the "TextSecure" program with help from U.S. government grants and private funding. WhatsApp cofounder Jan...

  • California cities consider gas-pump warning labels Tuesday, 18 Nov 2014 | 10:30 AM ET

    BERKELEY, Calif.— Known for its liberal politics, Berkeley has racked up a long line of firsts over the years, from taxing sugary drinks to ditching Styrofoam takeout containers. Environmental improvement efforts in Berkeley date back to 1910, when the city was the first to put police officers on bicycle patrols. In 1989, Berkeley adopted a citywide ban on...

  • Survey shows Afghans concerned over jobs, security Tuesday, 18 Nov 2014 | 4:56 AM ET

    The San Francisco- based Asia Foundation found that 54.7 percent of Afghans think the country is moving in the right direction, down from 57.2 percent last year, while the number who feel the opposite— 40.4 percent— is up from last year's 37.9 percent. The Asia Foundation has been conducting surveys in Afghanistan for 10 years. The withdrawal at the end of the year of...

  • Snapchat links with Square to launch Snapcash Tuesday, 18 Nov 2014 | 1:18 AM ET

    Snapchat will now allow users to send their friends something far more useful and usually less ephemeral - cash, the FT reports.

  • Feds say Web privacy firm deceived consumers Monday, 17 Nov 2014 | 3:32 PM ET

    SAN FRANCISCO— Federal regulators said a respected Internet privacy company gave its seal of approval to commercial websites and mobile apps but failed to check whether they were indeed meeting standards for safeguarding customers' data. But the Federal Trade Commission said it deceived consumers by not following through on annual reviews of websites and...

  • Review: Apple's iOS 8 provides a smarter type Monday, 17 Nov 2014 | 3:01 AM ET

    SAN FRANCISCO— I never would have considered writing this review on my iPhone if I hadn't upgraded to Apple's new operating system, iOS 8.. If that's not slick enough, iPhone and iPad users can choose one from an outside party, similar to what Google's Android operating system has allowed for years. A few are free, while others cost 99 cents to $4.99.

  • NEW YORK, Nov 14- U.S. long-dated Treasury debt prices rose on Friday for a third straight session, as institutional buyers scooped up bonds, comforted by benign inflation in the world's largest economy that should allow the Federal Reserve to keep interest rates lower for longer. "Low inflation expectations in the U.S. have prompted buying on the long end," said Kim...

  • Creditor appeals California city's bankruptcy plan Friday, 14 Nov 2014 | 3:16 PM ET

    SACRAMENTO, Calif.— A major investment firm has challenged a court-approved bankruptcy plan for the California city of Stockton, possibly jeopardizing resolution of one of the country's biggest city bankruptcies stemming from the 2008 housing bust. The investment firm said the city should have cut employee pensions rather than scrub the $32.5 million it...

  • Microsoft surpasses Exxon as 2nd most valuable co. Friday, 14 Nov 2014 | 1:04 PM ET

    SAN FRANCISCO— The bull run in Microsoft's stock this past year has helped the tech giant surpass Exxon Mobil and seize the rank of the second most valuable company, behind Apple Inc.. Under new CEO Satya Nadella, Microsoft has worked to overcome its reputation as a clumsy behemoth struggling to keep up with new tech trends and consumer habits.

  • FibroGen climbs, NeuroDerm skids in market debuts Friday, 14 Nov 2014 | 12:35 PM ET

    NEW YORK— Companies got a mixed reception Friday as shares of FibroGen and Virgin America surged while shares of NeuroDerm and Landmark Infrastructure sank. The San Francisco company had expected to sell 7.1 million shares for $16 to $19 each. Virgin America Inc.' s IPO priced above expectations at $23 per share for 13.3 million shares, and its IPO raised almost...

  • UPDATE 2-Virgin America soars in market debut Friday, 14 Nov 2014 | 11:26 AM ET

    Nov 14- Shares of Virgin America Inc, a low-cost airline partly owned by Richard Branson, soared almost 30 percent in their market debut, underscoring the buoyant mood in an industry that is emerging from a long spell of turbulence. At the high, the stock was trading 8.08 times 2013 earnings per share, compared with Southwest Airlines Co's multiple of 37.43 and...

  • *Long-dated prices rise on higher yields versus Europe. "It's a very key number, it shows the health of consumers and plays a part in GDP, and the Fed is definitely looking at it," said Justin Lederer, Treasury strategist at Cantor Fitzgerald in New York. In addition, the Thomson Reuters/ University of Michigan's preliminary reading on the overall index of consumer...

  • UPDATE 1-Virgin America soars in debut Friday, 14 Nov 2014 | 10:33 AM ET

    Nov 14- Shares of Virgin America Inc, a low-cost airline partly owned by Richard Branson, soared as much as 28 percent in their market debut, underscoring the buoyant mood in an industry that is emerging from a long spell of turbulence. Virgin America's shares rose to a high of $29.48 on Friday, valuing the company at about $1.3 billion. Virgin America is the U.S....

  • Asiana gets 45-day ban on SF flights over crash Friday, 14 Nov 2014 | 2:25 AM ET

    SEOUL, South Korea— South Korean officials said Friday they will ban Asiana Airlines from flying to San Francisco for 45 days as punishment for a deadly crash in July last year. An official from Asiana Airlines said the company will appeal the decision by the Ministry of Land, Infrastructure and Transport's disciplinary committee, and will consider legal...

  • OSLO, Nov 14- Targeting an investment horizon of "forever", Norway's $860 billion oil fund plans to enter the Asian real estate market next year and aims to broaden its asset range to include anything from new developments to refurbishments, it said. Norway's sovereign fund, the world's largest, has featured in a number of large real estate deals this year, buying...

  • SAP to pay Oracle $359M to end bitter legal battle Thursday, 13 Nov 2014 | 8:39 PM ET

    SAN FRANCISCO— Business software maker SAP is paying rival Oracle $359 million to settle a bitter battle over the theft of copyrighted instruction manuals and other technical information. The resolution disclosed in a Thursday court filing comes seven years after Oracle Corp. sued SAP AG for a scheme engineered by a small software services company called...

  • Nov 13- Oracle Corp and SAP SE have settled long-running copyright litigation for $356.7 million over improper downloads of Oracle files, ending a fierce legal battle between the two enterprise software rivals. The case involved SAP's TomorrowNow unit, which the German company bought to provide software support to Oracle customers at lower rates than what...

  • California accuses BP of inflating gas contract Thursday, 13 Nov 2014 | 4:38 PM ET

    SAN FRANCISCO— BP and its traders routinely manipulated prices to overcharge California as much as $300 million when it sold natural gas to the state, California and a fired BP employee allege in a lawsuit against the British energy company. The BP employee, who had helped administer $2 billion in exclusive gas contracts with California, filed the case as a...

  • Law firm mergers create conflicts for companies Thursday, 13 Nov 2014 | 3:55 PM ET

    NEW YORK, Nov 13- After Patton Boggs merged. Now Tate and another ingredient maker asked a federal judge in Los Angeles to disqualify Squire Patton Boggs from working for the sugar companies, which include American Sugar Refining, Inc., Western Sugar Cooperative and C&H Sugar Co. If the judge agrees, the companies could lose lawyers who have put in 20,000 hours on...