Eaze delivery is free to patients, and the medical marijuana dispensaries pay a fee to for bringing the clinics new customers.» Read More
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.
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..
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.
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.
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.
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.
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.
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.
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.
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.
Aug 11- On a trip to Beijing a decade ago, Bill Gates was asked by a senior government official how much money Microsoft Corp made in China.
Aug 8- McKesson Corp agreed to pay $18 million to settle U.S. charges that it violated its contract with the U.S. Centers for Disease Control and Prevention by falsely assuring that it had been shipping vaccines at the correct temperature.
Aug 8- McKesson Corp agreed to pay $18 million to settle U.S. charges that it violated its contract with the Centers for Disease Control and Prevention by falsely assuring that it had been shipping vaccines at the correct temperature.
Aug 7- A 29- year-old San Francisco man was sentenced to three months in federal prison on Thursday after he pleaded guilty to insider trading ahead of news that Marvel Entertainment Inc would be bought by Walt Disney Co..
SAN FRANCISCO, Aug 7- The U.S. National Security Agency is turning to Silicon Valley for topflight talent, but first it has to rebuild trust.
SAN FRANCISCO, Aug 6- Yelp Inc and its executives were accused in a lawsuit of selling more than $81 million in stock while deceiving shareholders about the quality of consumer reviews on its website.
SAN FRANCISCO, Aug 6- Practice Fusion, provider of a free electronic health record service for doctors, bought app developer Ringadoc on Wednesday as it moves into a new market: telemedicine. Research firm IHS forecast that the U.S. market will grow to $1.9 billion in 2018, from $240 million in 2013..