GO
Loading...

San Francisco

More

  • *U.S. stocks fall on disappointing earnings; MSCI global index slips. NEW YORK, Jan 27- World stock indexes fell on Tuesday following disappointing company earnings, while the dollar retreated after an unexpected decline in U.S. durable goods orders. All three major U.S. stock indexes ended more than 1 percent lower, with shares of Microsoft, down 9.3 percent, and...

  • *Caterpillar, Microsoft shares slide after results. The group lost 3.3 percent in its biggest one-day drop since November 2011, in the wake of results from industry bellwether Microsoft. Industrial shares fell, led by Caterpillar.

  • Jan 27- Apple Inc posted a far better-than-expected 29.5 percent jump in quarterly revenue, driven by record sales of iPhone 6 and 6 Plus smartphones in the holiday shopping season and strong sales in China. Apple Chief Financial Officer Luca Maestri told Reuters that the company did not sell more iPhones in China than the United States, despite some earlier...

  • Record iPhone sales drive blowout quarter for Apple Tuesday, 27 Jan 2015 | 4:34 PM ET

    SAN FRANCISCO— Apple had another blowout quarter thanks to its new plus-sized iPhones, which helped the company smash sales records for the holiday season. Apple said Tuesday that it sold 74.5 million iPhones during the three months that ended Dec. 31, beating analysts' expectations for the latest models of Apple's most popular gadget, introduced in September.

  • BOSTON/ NEW YORK, Jan 27- A U.S. blizzard swept past New York City and struck hardest at some 4.5 million people around Boston, dropping nearly three feet of snow in areas and triggering high tides that breached a seawall and forced residents to flee their coastal homes. The snow was forecast to continue into early Wednesday morning in eastern New England, which...

  • SAN FRANCISCO— Yahoo CEO Marissa Mayer is spinning off the company's $39 billion stake in China's Alibaba Group Holding in a move that wards off a potential shareholder rebellion. The highly anticipated decision announced Tuesday will enable Yahoo to avoid paying billions of dollars in future taxes while intensifying the pressure on Mayer to prove she can...

  • *Caterpillar, Microsoft shares slide after results. The group lost 3.3 percent in its biggest one-day drop since November 2011, in the wake of results from industry bellwether Microsoft. Industrial shares fell, led by Caterpillar.

  • The FAA said that United twice improperly accepted hazardous material for air shipments. The FAA said the violations were found during 2013 inspections in Boston, San Francisco, Denver and Chicago. He said United was reviewing a letter from the FAA and would cooperate with the agency.

  • *Caterpillar, Microsoft shares slide after results. Industrial shares also underperformed, led by a decline in Caterpillar. Heavy machinery marker Caterpillar gave an outlook below expectations, warning that the recent plunge in oil prices would hurt its energy equipment business.

  • SAN FRANCISCO— Microsoft shares plunged more than 10 percent Tuesday after the software giant reported quarterly revenue that beat expectations but warned that a weak PC market and a strong dollar will curb growth this year. Microsoft showed promising signs of growth in new businesses, such as cloud computing, but Chief Financial Officer Amy Hood forecast...

  • BOSTON/ NEW YORK, Jan 27- A blizzard swept across the northeastern United States on Tuesday, closing schools, cancelling thousands of flights and leaving residents in the hardest-hit parts of Massachusetts and Connecticut digging out as much as 2 feet of snow, though New York City was spared the storm's brunt. The governors of New York and New Jersey lifted travel...

  • A major effort a decade ago by the federal government to check a rise in violent pipeline failures in "high-consequence" areas where people are more likely to be hurt or buildings destroyed has resulted in a slight leveling off of such incidents, but no decline, the National Transportation Safety Board said. A steady increase in pipeline explosions and fires in...

  • BOSTON/ NEW YORK, Jan 27- A blizzard swept across the northeastern United States on Tuesday, dropping as much as 2 feet of snow across Massachusetts and Connecticut even as its impact on New York City fell short of dire predictions. The governors of New York and New Jersey lifted travel bans they had imposed a day earlier and New York City's subway system restarted...

  • SAN FRANCISCO— Thieves in a stolen SUV smashed through the glass doors of the Wells Fargo History Museum in downtown San Francisco before dawn Tuesday and made off with up to 10 ounces of historic gold nuggets worth roughly $10,000, police said. Robbers in Northern California have targeted precious metals in museum displays before and the tactics of the heist...

  • NEW YORK, Jan 27- U.S. single-family home price appreciation slowed to its weakest level more than two years in November as lean inventories and tight lending standards limited housing market activity, according to a closely watched survey released on Tuesday. "With the spring home buying season, and spring training, still a month or two away, the housing recovery...

  • Lyft cars still think pink, but streamline the 'stache Tuesday, 27 Jan 2015 | 9:13 AM ET

    SAN FRANCISCO— The pink mustache is out. Ride-hailing company Lyft has pulled the pink furry mustache that drivers display on the front of their cars and replaced it with a 5- inch-long pink "glowstache" that goes on the dashboard. About 300 Lyft drivers on Monday formed a line that stretched three blocks from the company's San Francisco headquarters while they...

  • US home price gains slow in November on weaker sales Tuesday, 27 Jan 2015 | 9:04 AM ET

    WASHINGTON— U.S. home prices rose at a modest pace in November, held back by weaker sales and a limited number of houses for sale. The Standard& Poor's/Case-Shiller 20- city home price index, released Tuesday, increased 4.3 percent in November from 12 months earlier. Lower mortgage rates, healthy hiring, and lower down payment requirements from mortgage giants...

  • BOSTON/ NEW YORK, Jan 27- A blizzard swept across the northeastern United States on Tuesday, dropping more than a foot of snow across Massachusetts and Connecticut even as its impact on New York City fell short of dire predictions. The governors of New York and New Jersey lifted travel bans they had imposed a day earlier and New York City's subway system was set to...

  • ProLogis reports 4Q results Tuesday, 27 Jan 2015 | 8:21 AM ET

    SAN FRANCISCO _ ProLogis Inc. on Tuesday reported that a key measure of profitability in its fourth quarter, after reporting a loss in the same period a year earlier. The average estimate of analysts surveyed by Zacks Investment Research was for funds from operations of 47 cents per share. Analysts expected $370.9 million, according to Zacks.

  • BUCHANAN, Liberia— The auburn-red soil and lush green vegetation lured the foreign investors to Liberia's third-largest city with visions of environmental gold. The Overseas Private Investment Corporation, a little known U.S. government agency 4,700 miles away, backed the venture with $217 million in loan approvals from 2008 to 2011..