San Francisco


  • NEW YORK, Sept 15- U.S. "It's that circular argument that weak growth is going to inhibit the Fed from raising rates any time soon," said Kim Rupert, managing director at Action Economics in San Francisco. Trading was also driven in part by unexpectedly strong New York State manufacturing data but which also contained weak jobs indicators, Rupert said.

  • Islamic State's Twitter silence raises questions Friday, 12 Sep 2014 | 7:59 PM ET

    SAN FRANCISCO/ WASHINGTON, Sept 12- Islamic State's Twitter users, which have trumpeted the group's violent acts and worldview on the social media service, have gone abruptly quiet in past days.

  • Syncora, which pegs its claim at about $400 million, worked out a three-part deal involving city-owned land and contracts.

  • Correction: Hewlett-Packard-Russian Bribes story Friday, 12 Sep 2014 | 5:37 PM ET

    It was a Russian subsidiary of Hewlett-Packard, not Hewlett-Packard Co.. Hewlett-Packard subsidiary pleads to bribery of Russian government officials, gets $58.7 M fine.

  • WASHINGTON, Sept 12- U.S. retail sales rose broadly in August and consumer sentiment hit a 14- month high in September, supporting expectations for sturdy economic growth in the third quarter.

  • Fight over World War II-era tank goes to court Friday, 12 Sep 2014 | 11:01 AM ET

    REDWOOD CITY, Calif.— A company headed by Microsoft co-founder Paul Allen has filed a lawsuit in the San Francisco Bay Area over a World War II-era German tank it says it paid $2.5 million for but never received. After his death, his family turned them over to the Massachusetts- based Collings Foundation, which put some of them up for auction in Portola Valley in July.

  • LONDON, Sept 12- Just as vaccines work by stimulating the body's immune system, last year's selloff may have helped emerging markets build defences against the damage they have suffered during past U.S. rate rise cycles. This week's market moves are rekindling memories of past emerging market crises, after a paper from the San Francisco branch of the U.S.

  • US threatened Yahoo with huge fine over emails Friday, 12 Sep 2014 | 3:36 AM ET

    WASHINGTON— Yahoo's free email service could have cost the company an extra quarter of a million dollars a day. "Any further delay in Yahoo's compliance could cause great harm to the United States, as vital foreign intelligence information contained in communications to which only Yahoo has access, will go uncollected."

  • TOKYO, Sept 11- Rakuten Inc, Japan's largest e-commerce company, has been actively considering launching a service like website Airbnb that would provide a hub to rent apartments and homes in Japan to short-term guests, two people with knowledge of the developing plans told Reuters.

  • HP fined $58.7M for bribery of Russian government Thursday, 11 Sep 2014 | 8:30 PM ET

    SAN FRANCISCO— Hewlett-Packard Co. pleaded guilty Thursday to felony charges that former employees bribed Russian government officials for a contract, and the company has been fined $58.7 million.

  • Yahoo says gov't threatened $250,000 a day fine Thursday, 11 Sep 2014 | 6:15 PM ET

    WASHINGTON— Yahoo said Thursday the government threatened to fine the company $250,000 a day if it did not comply with demands to go along with an expansion of U.S. surveillance by surrendering online information, a step the company regarded as unconstitutional.

  • California home sales drop to 4-year August low Thursday, 11 Sep 2014 | 6:13 PM ET

    IRVINE, Calif.— The number of homes sold in California fell to the lowest level for an August in four years as a supply crunch pushed prices higher and kept homes out of reach for many buyers, a real estate research company reported Thursday.

  • Sept 11- The Financial Industry Regulatory Authority has narrowed its search for a new head of its arbitration unit to two of its own long-time officials, according to a person familiar with the matter.

  • FBI: 2013 attack on power grid easy to execute Thursday, 11 Sep 2014 | 2:39 PM ET

    SAN FRANCISCO— An attack last year on Silicon Valley's power grid appears to have involved only one shooter and did not require access to technology or a high degree of training, an FBI official said.

  • NEW YORK, Sept 11- The highly anticipated debut of Alibaba Group Holding Ltd, the Chinese e-commerce group, will come amid the busiest year for initial public offerings since the technology bubble burst in 2000.. Alibaba's IPO, which could come as soon as Sept. 19, could raise more than $21 billion and claim Facebook Inc's title of biggest tech IPO.

  • Silicon Valley struggles to speak FDA's language Thursday, 11 Sep 2014 | 9:39 AM ET

    WASHINGTON— From Apple's new smartwatch that tracks heartbeats to contact lenses that measure blood sugar— Silicon Valley is pouring billions into gadgets and apps designed to transform health care.

  • * "Considerable time" language under the microscope. A strong run of U.S. economic data has led Fed Chair Janet Yellen and other top officials to acknowledge the possibility they may need to raise rates sooner than they thought just a few months ago, although a surprisingly soft reading on jobs growth in August could provide some breathing room.

  • Twitter to raise $1.3 billion through debt offerings Wednesday, 10 Sep 2014 | 5:37 PM ET

    Sept 10- Twitter Inc said it plans to raise $1.3 billion by issuing convertible senior notes, its first debt offering since its market debut in November. Twitter will also grant initial purchasers an option to buy up to $100 million in each of the offerings. The San Francisco- based company said it would use part of the net proceeds for general corporate purposes.

  • T-Mobile to sell phones that call, text on Wi-Fi Wednesday, 10 Sep 2014 | 4:30 PM ET

    The program announced Wednesday represents T-Mobile's latest attempt to lure wireless subscribers away from three larger rivals, Verizon Wireless, AT&T Corp. and Sprint Corp.. T-Mobile is trying to exploit the hoopla surrounding the Sept. 19 release of Apple Inc.' s iPhone 6 with its new twist on Wi-Fi connections.

  • Regulators reject call for nuke plant shutdown Wednesday, 10 Sep 2014 | 3:56 PM ET

    LOS ANGELES— The Nuclear Regulatory Commission on Wednesday rejected a senior federal expert's recommendation to shut down California's last operating nuclear power plant until the agency can determine whether its twin reactors can withstand powerful shaking from nearby earthquake faults.