Top News & Analysis San Francisco

More

  • SAN FRANCISCO— Investors have given LinkedIn a poor job review in the form of a dramatic sell-off that wiped out nearly $10 billion in the professional networking service's market value after it issued a surprise forecast for slower growth this year. LinkedIn shares plunged almost 44 percent on Friday, a day after the company reported better-than-expected...

  • WASHINGTON— Twitter is now using spam-fighting technology to seek out accounts that might be promoting terrorist activity and is examining other accounts related to those flagged for possible removal, the company announced Friday. Adam Schiff of California, the senior Democrat on the House Intelligence Committee, called Twitter's announcement "a very...

  • NEW YORK, Feb 4- Viacom Inc's board of directors named Chief Executive Officer Philippe Dauman as executive chairman, replacing majority owner Sumner Redstone, overriding calls for an independent board chief from Redstone's daughter, who voted against Dauman. Viacom announced on Thursday that the ailing 92- year-old Redstone was becoming chairman...

  • New Relic reports 3Q loss Thursday, 4 Feb 2016 | 5:57 PM ET

    SAN FRANCISCO _ New Relic Inc. on Thursday reported a loss of $18.4 million in its fiscal third quarter. For the current quarter ending in March, New Relic expects its results to range from a loss of 25 cents per share to a loss of 23 cents per share. New Relic expects full-year results to range from a loss of 85 cents per share to a loss of 83 cents per share, with revenue...

  • San Francisco hates the Super Bowl Thursday, 4 Feb 2016 | 5:32 PM ET
    Workers pass a security company's truck at Super Bowl City in San Francisco, California.

    Over a million visitors, tens of millions in economic activity, plus a global spotlight. So why are so many people in San Francisco unhappy this week?

  • LinkedIn shares tumble on weak forecast for 2016 Thursday, 4 Feb 2016 | 4:59 PM ET

    Mountain View, California- based LinkedIn Corp. reported a loss of $8.4 million, compared with a $3 million profit a year earlier. That amounted to a loss of 6 cents a share in the latest quarter, but the company said it earned 94 cents a share after adjusting for stock compensation and other one-time items. Analysts surveyed by FactSet were expecting adjusted...

  • NEW YORK, Feb 4- Viacom Inc's board of directors named Chief Executive Officer Philippe Dauman as executive chairman, replacing majority owner Sumner Redstone, overriding calls for an independent board chief from Redstone's daughter, who voted against Dauman. Viacom announced on Thursday that the ailing 92- year-old Redstone was becoming chairman...

  • Can Uber unsnarl Super Bowl traffic? Thursday, 4 Feb 2016 | 2:47 PM ET
    A customer from the Bay Area catches her UberX driver Dan Pedrovic as UberX begins making passenger pickups at Los Angeles International Airport on January 20, 2016 in Los Angeles, California.

    Even on a good day, traffic between San Francisco and Santa Clara is bad, but Super Bowl week has made it apocalyptically horrible.

  • EPS 19 cents vs est. To counter slowing sales growth, the company has been investing heavily to expand its reach and recently added Philadelphia, Washington D.C. and San Francisco to its network, which is present in more than 1,000 U.S. cities. "There is more competition in the space but their performance seems to suggest it's not materially negatively affecting...

  • The company has been investing heavily to expand its reach and recently added Philadelphia, Washington D.C. and San Francisco to its network, which is present in 900 U.S. cities. The company forecast first-quarter revenue of $109 million- $112 million. The company's net income rose to $11.3 million in the fourth quarter ended Dec. 31, from $10.8 million a year...

  • COLUMBUS, Ohio— The Columbus airport is joining its counterparts nationwide in training employees to recognize signs of human trafficking in an effort to curb exploitation. Beginning this month, all 400 employees at Port Columbus International Airport will view a 30- minute video on spotting signs of trafficking. The awareness campaign in Columbus joins...

  • SAN FRANCISCO— Facebook is giving friendship collages to its 1.6 billion users in celebration of the social network's 12th birthday. Most Facebook users should start seeing the videos at the top of their Facebook feeds by noon Thursday, which the Menlo Park, California, company is hailing as "Friends Day." It coincides with the 12th anniversary of Facebook CEO...

  • Dozens protest homeless removal from Super Bowl area Wednesday, 3 Feb 2016 | 9:06 PM ET

    SAN FRANCISCO— Dozens are protesting what they say is the mayor of San Francisco's plan to push homeless people out of the scenic bay-front Embarcadero, where Super Bowl festivities are being held. Protesters are trying to set up tents next to Super Bowl City, pro football's weeklong theme park near the famed Ferry Building. Homeless advocates say Mayor Ed Lee...

  • NEW YORK/ LOS ANGELES, Feb 3- Viacom's board appears poised to replace Sumner Redstone as chairman on Thursday, after the aging mogul stepped down from his executive role at the top of CBS, but it was not apparent who would get his job at Viacom as Redstone's daughter made clear she did not want CEO Philippe Dauman to succeed her father. Redstone, 92 and in poor health,...

  • Sandeep Mathrani, chief executive of Chicago- based General Growth Properties Inc, which owns and leases retail mall properties, said on his company's earnings call with analysts on Tuesday that Amazon had plans to open "300 to 400 bookstores." Kevin Berry, the vice president of investor relations at General Growth, declined to elaborate further.

  • NEW YORK, Feb 3- Viacom's board appears poised to replace Sumner Redstone as chairman on Thursday, after the aging mogul stepped down from his executive role at the top of CBS, but it was not clear who would get his job at Viacom as Redstone's daughter made clear she did not want CEO Philippe Dauman to succeed her father. Redstone, 92 and in poor health, unexpectedly...

  • Feb 3- Cisco Systems Inc said on Wednesday it was buying Jasper Technologies Inc, a startup that connects devices like cars and medical devices to the Internet, for $1.4 billion in cash and equity awards, its largest acquisition since 2013.. Rob Salvagno, Cisco's vice president of corporate development, said in an interview that the Internet of Things has been a...

  • Sandeep Mathrani, the chief executive of Chicago- based General Growth Properties Inc, which owns and leases retail mall properties, said on his company's earnings call with analysts on Tuesday that Amazon had plans to open "300 to 400 bookstores." Amazon opened a bookstore in its home city of Seattle in November. Amazon's bookstore in Seattle carries books...

  • Glu Mobile reports 4Q loss Wednesday, 3 Feb 2016 | 5:31 PM ET

    SAN FRANCISCO _ Glu Mobile Inc. on Wednesday reported a fourth-quarter loss of $3 million, after reporting a profit in the same period a year earlier. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 3 cents per share. For the current quarter ending in April, Glu Mobile expects its results to range from a loss of 6 cents...

  • Attorney Preet Bharara's office, was among a series of cases against banks following the financial crisis stemming from mortgages insured through a program by the Federal Housing Administration. Wells Fargo said the settlement was reached on Feb. 1 and would also resolve claims by the U.S. Attorney's Office in San Francisco and the U.S. Department of Housing...