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Top News & Analysis San Francisco

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  • SAN FRANCISCO— California's top oil and gas regulators repeatedly warned Gov. Brown's spokesman, Evan Westrup, said Thursday that the allegations, contained in a newly filed court declaration by Derek Chernow, Brown's fired acting director of the state Department of Conservation, were "baseless." Chernow's declaration, obtained by the Associated Press, was...

  • That would underscore the economy's vibrancy in the face of volatile global financial markets and China's slowing growth, and keep alive the prospect of the Fed raising benchmark overnight rates at its next policy meeting, on Sept. 16-17. "We don't think it will detract from the possibility that the Fed is considering a September rate hike, only if we saw ominous...

  • NEW YORK— The release of the new Star Wars movie may still be months off, but Disney is unleashing its full marketing "Force" behind the launch of hundreds of toys and other items related to the film. Among the first cities was Hong Kong with toy stores open at midnight. Leaked images of action figures of characters that have not even hit the big screen— like Sarco Plank,...

  • SAN FRANCISCO— A federal judge has approved a $415 million settlement that ends a lengthy legal saga revolving around allegations that Apple, Google and several other Silicon Valley companies illegally conspired to prevent their workers from getting better job offers. Things have changed dramatically since the class-action lawsuit was filed in 2011....

  • Private island for sale in the San Francisco Bay Thursday, 3 Sep 2015 | 10:37 AM ET

    SAN FRANCISCO— In a city with some of the highest home prices in the country, a private island in the San Francisco Bay is now for sale for $5 million. Red Rock, a 6- acre mass of rock, sand, vegetation and minerals, was for sale for $22 million in 2012. The price was slashed to $9 million after there were no takers then dropped again. Red Rock can now be picked up for the price...

  • NEW YORK, Sept 3- U.S. Thursday after a dovish outlook from the European Central Bank. The European Central Bank cut its inflation and growth forecasts for the euro zone and its president, Mario Draghi, said things could get worse.

  • BRASILIA, Sept 2- Brazil's President Dilma Rousseff criticized ride-sharing software Uber on Wednesday for increasing unemployment, adding to a chorus of labor concerns about the world's most valuable venture-backed start-up. Rousseff said local authorities must regulate the service, which has led conventional taxi drivers to stage protests and lobby...

  • NEW YORK, Sept 2- Coinbase, one of the world's largest U.S.-based bitcoin companies, has launched retail buy and sell operations in Singapore and Canada as part of its push to expand usage of the digital currency globally. Singapore is San-Francisco- based Coinbase's first foray into Asia, said Brian Armstrong, the company's chief executive officer and...

  • FRESNO, Calif.— Armed with evidence captured by surveillance cameras, California regulators have ordered a business to stop tapping Sierra Nevada spring water that is later bottled and sold in stores, officials said Wednesday. It would be the first such action taken this year against a commercial water bottling business under tight drought restrictions, said...

  • Fed report shows autos and housing fueling US growth Wednesday, 2 Sep 2015 | 2:00 PM ET

    WASHINGTON— While U.S. housing and auto sales showed strength over the summer, manufacturers were feeling pressure from China's economic slowdown and the oil industry was squeezed by lower energy prices. One of the Fed's regions— Cleveland— reported only slight growth. The recent stock market turbulence, triggered by worries about China's slowdown, has led...

  • Investors step up scrutiny on security start-ups Wednesday, 2 Sep 2015 | 1:04 PM ET
    Tanium offices

    Cybersecurity entrepreneurs in recent years have had an easy time raising money. This time, not so. New York Times reports.

  • NEW YORK— Cookie and clothing makers, a fitness studio and an old-fashioned five-and-dime retailer have made the cut in a competition to win a Super Bowl ad. Ten small businesses are finalists in the contest sponsored by software maker Intuit Inc. that will give the winner a 30- second spot during Super Bowl 50 on Feb. 7. —AnaOno, Philadelphia, maker of lingerie for...

  • India SUV maker rides into US market ... on a scooter Wednesday, 2 Sep 2015 | 3:05 AM ET

    ANN ARBOR, Mich.— India's largest SUV maker is ready to make its debut on U.S. roads. Mahindra hopes to win over city and campus dwellers with a $2,999, Vespa-like electric scooter called the GenZe, which goes on sale this fall in California, Oregon and Michigan. Sales could soon expand to other states and Europe.

  • SAN FRANCISCO— Yahoo CEO Marissa Mayer is going to give birth to twins while trying to deliver a long-promised turnaround at the struggling Internet company. As she did after having a son nearly three years ago, Mayer plans to take a brief break from her Yahoo job instead of taking full advantage of a company benefit providing 16 weeks of paid leave for mothers.

  • SAN FRANCISCO— A federal judge granted class-action status Tuesday to a lawsuit in California against Uber over the payment of its drivers, upping the stakes for the ride-hailing company in the case. The ruling increases the number of potential California plaintiffs in the suit that claims Uber drivers are incorrectly classified as independent...

  • CEOs big news can cause ripple effects for company Tuesday, 1 Sep 2015 | 6:20 PM ET

    NEW YORK— Yahoo CEO Marissa Mayer is promising to be away from the job for just a "limited time" when she gives birth to twins later this year, but the development only adds to the uncertainty some investors have long had about Yahoo. Mayer, 40, said Tuesday she and her husband are expecting twin girls in December and she said she plans to work through the pregnancy much...

  • Three drivers sued Uber in a federal court in San Francisco, contending they are employees and entitled to reimbursement for expenses, including gas and vehicle maintenance. District Judge Edward Chen in San Francisco said drivers could sue as a group on the question of whether they are employees or contractors, and over their demand for payment of tips that...

  • *China factory activity shrinks at fastest pace in 3 years. NEW YORK, Sept 1- World stock indexes and oil prices slumped on Tuesday as weak Chinese data fueled worries about a slowdown in its economy, the world's second biggest, and sparked more market turmoil. The moves followed a stormy week that left investors concerned about further market losses due to slowing...

  • District Judge Edward Chen in San Francisco said drivers could sue as a group. Such a designation means the suit could cover more than 160,000 California drivers and could give plaintiffs more leverage to negotiate a settlement. In June, a California labor commissioner ruled that an Uber driver was an employee, not a contractor.

  • U.S. judge gives Uber drivers class action status Tuesday, 1 Sep 2015 | 4:14 PM ET

    SAN FRANCISCO, Sept 1- A U.S. judge said on Tuesday Uber drivers are entitled to class action status in litigation over whether they are independent contractors or employees, part of a case that could have wide implications for the sharing economy. Three drivers sued Uber in a federal court in San Francisco, contending they are employees and entitled to...