The Bay Area beat out South Florida, which lost its bid to stage an 11th Super Bowl VI when the state Legislature did not support financing to renovate Sun Life Stadium.» Read More
SAN FRANCISCO, Dec 24- Facebook's Instagram photo sharing service has been hit with what appears to be the first civil lawsuit to result from changed service terms that prompted howls of protest last week. Facebook representatives could not immediately be reached for a comment.
SAN FRANCISCO, Dec 23- When Amazon.com Inc CEO Jeff Bezos got word of a project at Google Inc to scan and digitize product catalogs a decade ago, the seeds of a burgeoning rivalry were planted.
*Herbalife shares skid, down for 8th straight day. *Dow off 0.9 pct, S&P 500 down 0.9 pct, Nasdaq off 1 pct. Still, stocks managed to rebound from the day's lows near the end of the session, and for the week, the three major U.S. stock indexes still ended higher, with the S&P 500 gaining 1.2 percent.
*Obama, lawmakers leaving Washington for Christmas. WASHINGTON, Dec 21- The White House on Friday tried to rescue stalled talks on a fiscal crisis after a Republican plan imploded in Congress, but there was little headway as lawmakers and President Barack Obama abandoned Washington for Christmas. So I hope that every member of Congress is thinking about that.
*Herbalife shares skid, down for 8th straight day. *Stocks fall: Dow 0.91 pct, S&P 500 0.94 pct, Nasdaq 0.96 pct. Still, stocks managed to rebound from the day's lows near the end of the session, and for the week, major averages still ended higher, with the S&P 500 gaining 1.2 percent.
*Lawmakers leaving Washington for Christmas. fiscal cliff "were thrown into disarray on Friday with finger-pointing lawmakers fleeing Washington for Christmas vacations even as the year-end deadline for action edged ever closer.
*Banking shares slide; Citigroup and BofA shares drop. *Herbalife shares fall again, down for 8th straight day. Trading was volatile as investors lost confidence in the prospect of a deal between the White House and Republicans.
SAN FRANCISCO, Dec 21- A U.S. appeals court on Friday revived a proposed securities class action against VeriFone Systems Inc over its 2007 restatement of results, ruling that the lawsuit properly alleged VeriFone Chief Executive Douglas Bergeron was "reckless" as to the truth of financial reports.
SAN FRANCISCO, Dec 21- A U.S. appeals court revived a proposed securities class action against VeriFone Systems Inc over a 2007 restatement, ruling that the plaintiff investors properly alleged that VeriFone executives were "reckless" as to the truth of financial reports.
*Banking shares tumble, Citigroup and BofA shares drop. NEW YORK, Dec 21- U.S stocks lost more than 1 percent on Friday after a Republican proposal for averting the "fiscal cliff" failed to pass, diminishing hopes that a deal would be reached soon in Washington.
Dec 20- Research In Motion shares tumbled more than 10 percent on Thursday after the company reported the first ever decline in its subscriber numbers and outlined plans to transform the way it charges for its BlackBerry services.
SAN FRANCISCO, Dec 20- Mobile game developers are scrambling to get on Apple Inc's top mobile app charts this Christmas, as seasonal sales are expected to reach an all-time high in a fast-growing market dominated by the iPad and iPhone maker.
Dec 20- Research In Motion said on Thursday it plans to change the way it charges for its BlackBerry services after reporting that its subscriber base shrank for the first time in its history, and its U.S.-traded stock tumbled 10 percent after the bell.
Dec 20- A surge in bullish options bets on NYSE Euronext shares ahead of Thursday's announced merger has raised eyebrows among options strategists. IntercontinentalExchange said on Thursday it planned to buy NYSE Euronext for $8.2 billion, or $33.12 per NYSE share. NYSE Euronext option trading volume on Wednesday was below average.
SAN FRANCISCO, Dec 20- Facebook Inc unveiled a test on Thursday that charges users to send certain types of messages through the social network, the latest example of the company looking for new sources of revenue and profit.
Google sold set-top TV box maker Motorola Home to Arris Group for $2.35 billion in cash and stock.
SAN FRANCISCO, Dec 19- Twitter's 200 million active users can soon savor or cringe over every single statement they've tweeted when the social media company begins sending users their entire archive of 140- character messages. We know lots of you would like to explore your Twitter past, " Mollie Vandor, a Twitter engineer, wrote in an official blog post Wednesday.
Dec 19- Activist investor William Ackman confirmed on Wednesday that he is betting against the stock of Herbalife Ltd in a move that sent shares of the weight management product company reeling and sparked a caustic rebuke from its chief executive officer.
*Netflix "stood on the shoulders of giants"- Kudelski. Switzerland- based Kudelski SA, which owns OpenTV, said in its lawsuit that Netflix infringed on seven U.S. patents covering aspects of over-the-top TV technology, including: the use of viewer information to make recommendations; digital rights management; and video playback.
SAN FRANCISCO, Dec 19- Video game maker THQ Inc said on Wednesday it filed for bankruptcy, and private investment firm Clearlake Capital Group has offered to buy its assets.