The peer-to-peer home rental company hopes to start collecting New York hotel taxes by July 1.» Read More
April 11- Wells Fargo& Co, the biggest U.S. mortgage lender, reported a higher-than-expected 14 percent rise in first-quarter net profit, as a series of one-time gains helped offset the continued slowdown in its home loan business.
Weaker earnings at JPMorgan Chase dragged bank stocks lower. Stocks fell from the open on news that JPMorgan had missed analysts' earnings estimates. Facebook fell 1.1 percent, after a 5 percent drop on Thursday.
First-quarter profit for Wells Fargo& Co., the biggest U.S. mortgage lender, surged 14 percent in the latest quarter as the bank continued to trim its losses on soured loans. HOW IT HAPPENED: The rise in rates on U.S. mortgages in the latter part of last year continued to have a negative impact on Wells Fargo's mortgage business.
SAN FRANCISCO— Zynga Inc., the maker of Farmville and other digital games, said Thursday that it has named a chief financial officer. Zynga did not give a reason Thursday for Vranesh's departure but said he has helped with the search for his replacement since 2013. Vranesh will work with Lee over the next month as part of a transition.
SAN FRANCISCO— Gap Inc. said Thursday that a key sales measure fell more in March than the market had expected, partly because of bad winter weather. Shares of the San Francisco- based company, which owns the Gap, Banana Republic and Old Navy brands, fell nearly 3 percent in after-hours trading following the announcement.
NEW YORK— CEO Jeff Bezos' annual letter to shareholders offers a glimpse into Amazon's internal workings and what it is aiming for in the future, including more grocery services and the much-discussed drone delivery.
SAN FRANCISCO/ NEW YORK, April 10- Carl Icahn backed off calls for eBay Inc to spin out its fast-growing PayPal payments unit on Thursday, after the billionaire investor failed to drum up support from the e-commerce company's major shareholders. Icahn withdrew his two nominees to eBay's board ahead of the company's annual meeting in May.
Google will sell the "Explorer" version of Glass to any U.S. resident who places an online order for the device beginning at 9 a.m. PDT April 15. The product will cost $1,500, the same price that Google Inc. has charged for Glass since sales of the device began last year, the company said Thursday.
SAN FRANCISCO— Pacific Gas& Electric Co. offered a $250,000 reward Thursday for information leading to an arrest and conviction in a startling attack mounted nearly a year ago on telephone lines and the power grid in Silicon Valley. Former Federal Energy Regulatory Commission chairman Jon Wellinghoff has called the incident an act of terrorism.
Cheryl LaFleur, acting chairwoman of the Federal Energy Regulatory Commission, told the Senate Energy Committee on Thursday that employees are "wiping and scrubbing all databases" and taking other steps to protect sensitive information.
Goldman Sachs& Co, Morgan Stanley and Credit Suisse are the lead underwriters for the IPO, Zendesk said in a filing with the U.S. Securities and Exchange Commission. Charles River Ventures, an early investor in Twitter Inc, is Zendesk's biggest shareholder with a 24.5 percent stake, followed by Benchmark Capital Partners LP that has an 18.7 percent stake.
April 10- Cloud-based software maker Zendesk Inc filed with U.S. regulators on Thursday for an initial public offering of up to $150 million. Goldman Sachs& Co, Morgan Stanley and Credit Suisse are the lead underwriters for the IPO, Zendesk said in a filing to the U.S. Securities and Exchange Commission.
MANILA, Philippines— American aviation authorities cleared Philippine airlines to increase flights to the United States after safety standards improved and the European Union opened its skies to the Southeast Asian country's main budget carrier.
Toyota, GM recalls push US to near-record pace. DETROIT— Big U.S. recalls by General Motors and Toyota have put the auto industry on a record pace as companies try to avoid bad publicity and punishment from an increasingly aggressive government.
SAN FRANCISCO— In a story April 8 about illnesses aboard a Princess cruise ship sailing to ports in California, The Associated Press reported erroneously the final destination of the cruise. The cruise ends in Los Angeles, not Santa Barbara.
HONG KONG, April 9- China Vanke Co Ltd, the country's largest listed real estate developer, is looking to invest in property firms held by state-owned enterprises as Beijing gradually relaxes its hold on government assets. As part of the government's reform plans, Beijing has promised to allow more private participation in state-owned enterprises.
HONG KONG, April 9- China Vanke Co Ltd, the country's largest listed developer, is interested in investing in property units of state-owned enterprises as Beijing opens up state-dominated industries to private capital. We are willing to cooperate, "Vanke president Yu Liang told a real estate forum in Hong Kong on Wednesday.
SAN FRANCISCO— Hillary Rodham Clinton said Tuesday that if Silicon Valley executives want to persuade Congress to let them hire more high-skilled professionals from abroad, they would have a better case if they also funded college-based training programs for U.S. workers.
A small team from the Finnish security firm diagnosed Heartbleed while working independently from another Google Inc. researcher who also discovered the threat. Canada's tax agency isn't taking any chances.
WASHINGTON— How is it that a few doctors take in millions of dollars from Medicare?