GO
Loading...

San Francisco

More

  • NEW YORK, March 26- The New York Federal Reserve officials tasked with prying interest rates off the floor have been meeting with bankers and traders to plot how best to do it, amid deep uncertainty over how much control they will really have over short-term lending markets. With the U.S. central bank expected to raise rates later this year, Simon Potter and his team...

  • March 26- Zynga Inc must face a lawsuit that accuses the gaming company known for its "FarmVille" game of defrauding shareholders about its prospects before and after its December 2011 initial public offering. District Judge Jeffrey White in San Francisco said on Wednesday that shareholders could pursue claims that Zynga concealed declining user activity,...

  • *Named as Andreas Lubitz, a German citizen. After listening to "black box" voice recordings, French prosecutors left no doubt that they believe 28- year-old Andreas Lubitz was in control of the Airbus A320 and set it on its fatal descent. Prosecutors in the German city of Duesseldorf said police were searching his home for evidence.

  • *Named as Andreas Lubitz, a German citizen. Investigators and grieving relatives were left struggling to explain what motivated Andreas Lubitz, 28, to kill all 150 people on board the Airbus A320, including himself, in Wednesday's crash in the French Alps. He refused to re-open the door and sent plane into its fatal descent, Marseille prosecutor Brice Robin said.

  • Zynga must face lawsuit alleging fraud tied to IPO Thursday, 26 Mar 2015 | 10:47 AM ET

    March 26- Zynga Inc must face a lawsuit accusing the online gaming company known for "FarmVille" of defrauding shareholders about its prospects before and after its December 2011 initial public offering. District Judge Jeffrey White in San Francisco on Wednesday said shareholders could pursue claims that Zynga concealed declining user activity, masked how...

  • AMSTERDAM, March 26- A Dutch regulatory agency raided the Amsterdam offices of taxi hailing service Uber on Thursday in connection with its UberPOP unit after a court deemed it illegal in December. Amsterdam newspaper Het Parool reported the company saying the raid was a "warning to international start-ups, technology companies and multinationals that...

  • Co-pilot was 'very happy' with Germanwings job Thursday, 26 Mar 2015 | 10:03 AM ET

    MONTABAUR, Germany— Andreas Lubitz never appeared anything but thrilled to have landed a pilot's job with Germanwings, according to those who helped him learn to fly as a teenager in this town in the forested hills of western Germany. Members of his hometown flight club in Montabaur, where he renewed his glider license last fall, told The Associated Press that the...

  • *Named as Andreas Lubitz, a German citizen. Andreas Lubitz gained sole control of the aircraft after the captain left the cockpit, refused to re-open the door and appears to have operated controls, sending the plane into its fatal descent, Marseille prosecutor Brice Robin said. He did this "for a reason we cannot fathom right now but which looks like intent to...

  • PARIS— Passengers with moments to live screamed in terror and the pilot frantically pounded on the locked cockpit door as a 27- year-old German co-pilot deliberately and wordlessly smashed an Airbus carrying 150 people into an Alpine mountainside. "We have no idea of the reason," Marseille Prosecutor Brice Robin said, revealing the chilling conclusions...

  • LONDON, March 26- From the shabby streets of east London, some of the brightest minds in technology and banking are plotting a revolution. Investment in fintech firms in Britain and Ireland swelled to $623 million last year, more than double the $264 million seen in 2013 and representing 42 percent of fintech investment in Europe, according to research by...

  • DIARY- Top Economic Events to April 8 Wednesday, 25 Mar 2015 | 8:01 PM ET

    ROME- European Central Bank president Mario Draghi addresses the Italian parliament's finance and EU policy committees- 1200 GMT. LONDON- Bank of England to publish Financial Policy Committee statement- 0930 GMT. FRANKFURT- Federal Reserve Bank of St. Louis President James Bullard gives OMFIF Public Lecture on the economy and monetary policy- 0835 GMT.

  • SAN FRANCISCO, March 25- The former chief operating officer of a major Chinese-American bank in San Francisco was convicted on Wednesday of several criminal counts, including securities fraud, over allegations he concealed deteriorating loans at the height of the 2008 financial crisis. Prosecutors accused former United Commercial Bank executive Ebrahim...

  • Treasury Secretary Jack Lew will travel to China on Friday to meet Chinese officials next week, the U.S. It said Lew would travel from March 28 to 31 "to hold discussions with senior Chinese officials on the U.S., Chinese, and global economies." Lew will meet Chinese officials on Monday and then leave for San Francisco on Tuesday, the statement added.

  • SAN FRANCISCO, March 25- Facebook Inc on Wednesday opened up its Messenger service for developers to create apps and for shoppers to communicate directly with retailers, as the Internet company seeks to expand its reach. Facebook hopes to turn its messaging service into one that operates independently of the company's social media network as it faces...

  • SAN FRANCISCO— The San Francisco Chronicle says it received an email from an anonymous person claiming to be holding a California woman who was found safe Wednesday. The person wrote that 29- year-old Denise Huskins would be returned safely Wednesday and would be "in good health and safe." Huskins' boyfriend on Monday reported to police that she'd been abducted...

  • SAN FRANCISCO— Facebook's Messenger app is evolving into a multitasking tool equipped to send an animated fist bump to a friend at one moment and then get a little business done in the next. In an effort to pull off the transformation, Facebook Inc. is opening Messenger so outside programmers can build features tailored for the service. Facebook CEO Mark...

  • Facebook expands messaging service features Wednesday, 25 Mar 2015 | 2:19 PM ET

    SAN FRANCISCO, March 25- Facebook Inc on Wednesday opened up its Messenger service for developers to create apps and for consumers to communicate directly with retailers, in the social media network's latest effort to expand its reach. The push to transform Facebook's messaging service into one that operates independently of the company's social media...

  • Woman's safe return caps bizarre kidnap-for-ransom ordeal Wednesday, 25 Mar 2015 | 1:41 PM ET

    HUNTINGTON BEACH, Calif.— A woman whose boyfriend reported that intruders abducted her from their San Francisco Bay Area home and held her for ransom was found safe Wednesday at her father's Southern California apartment. Denise Huskins' father, Mike Huskins, said his daughter called him around 9:30 a.m. to say she'd been dropped off at her mother's Huntington...

  • NEW YORK— Wells Fargo will close its home lending servicing office in Milwaukee and eliminate 1,000 jobs, saying fewer homeowners are falling behind on payments and seeking help keeping their homes. In an emailed statement, Wells Fargo& Co. said Wednesday that as the economy has improved over the last two years, fewer customers have become delinquent on their...

  • Mortgage applications at highest level since January Wednesday, 25 Mar 2015 | 7:00 AM ET
    A sign offering mortgage help at a Bank of America branch, New York City.

    Mortgage applications soared to the highest level since January last week, thanks to the lowest interest rates since February.