San Francisco


  • 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.

  • US airlines improve their on-time performance Wednesday, 10 Sep 2014 | 3:15 PM ET

    At the bottom of the rankings: JetBlue Airways and Southwest Airlines, with nearly one in three flights arriving late. JetBlue spokesman Morgan Johnston said the airline was making better use of spare planes and adjusting staffing in its operations center to handle delays during summer thunderstorms.

  • ZURICH/ FRANKFURT, Sept 10- Apple Inc's iPod upended the music industry, and its iPhone knocked Nokia off its smartphone perch, but Swiss watch makers breezily dismissed warnings that the technology giant's new wristwatch gadget could do something similar to them.

  • California to mandate paid sick leave under new law Wednesday, 10 Sep 2014 | 1:37 PM ET

    SACRAMENTO, Calif., Sept 10- California businesses will have to provide paid sick leave to most employees under a bill signed on Wednesday by Democratic Governor Jerry Brown, the latest move to aid low-income workers in the most populous U.S. state.

  • Tesla—You mean the band?? Wednesday, 10 Sep 2014 | 10:18 AM ET
    Dave Rude and Frank Hannon of the band Tesla perform in Austin, Texas.

    The Bay Area isn't like the rest of the country. Elsewhere, spotting a Tesla is as odd as finding a public charging station.

  • Apple gives NFC chip technology a prized seal of approval Wednesday, 10 Sep 2014 | 3:00 AM ET

    SAN FRANCISCO, Sept 10- Apple Inc's long-awaited launch of tap-to-pay technology in its new iPhones and smartwatch may be the seal of approval that near-field communication technology needs to become as commonplace as wifi, Bluetooth and GPS.

  • SEOUL/ TAIPEI, Sept 10- Apple Inc may have disappointed many consumers by not putting sapphire glass covers on its new iPhone, but the scratch-resistant material is gradually making its way into mobile devices despite manufacturing challenges and high costs.

  • Fashion world divided on first look at Apple Watch Tuesday, 9 Sep 2014 | 8:55 PM ET

    CUPERTINO, Calif., Sept 9- Apple Inc's newly unveiled smartwatch on Tuesday split fashion arbiters who may prove pivotal to its broad acceptance. Apple will offer three different versions-- sport, standard, and a luxury edition, with finishes including stainless steel and gold plated.

  • MEXICO CITY, Sept 9- Mexican central bank board member Manuel Sanchez said on Tuesday that reaching the country's three percent inflation target could be "challenging" due to a possible minimum wage hike and potential market volatility.

  • Same-sex marriage heading for Supreme Court vote? Tuesday, 9 Sep 2014 | 3:16 PM ET

    WASHINGTON— Both sides in the gay marriage debate agree on one thing: It's time for the Supreme Court to settle the matter. Officials in five states in which marriage bans were struck down by federal courts have rushed their appeals to the Supreme Court, in time for consideration by the justices when they meet in private on Sept. 29.