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Top News & Analysis San Francisco

  • WASHINGTON— The administration officials who gave President Donald Trump's tax plan a splashy debut in recent days seem to have caught the exaggeration bug from their boss. TREASURY SECRETARY STEVE MNUCHIN, on Trump having "no intention" of releasing his own tax returns ever: "The president has released plenty of information and I think has given more financial...

  • The Seattle- based company wowed Wall Street again this week with a 23 percent jump in sales, pushing its shares to an all-time high. "High growth covers a lot of sins," said Harry Kraemer, a partner at private equity firm Madison Dearborn Partners and a professor at Northwestern University's Kellogg School of Management. "It's not like General Electric Co having...

  • April 28- Apple Inc urged California to toughen up its proposed policy on testing self-driving cars, a move that would result in more public data that could help Apple catch up to rivals in the self-driving space by giving it a better window into their strengths and weaknesses. In a letter made public on Friday, Apple suggested a series of changes to the draft...

  • SAN FRANCISCO— A hacker claims to have stolen the upcoming season of Netflix's hit series "Orange Is The New Black," and is demanding that the video streaming service pay an unspecified ransom to prevent all the new episodes from being prematurely released online. The Associated Press could not legally confirm the authenticity of that uploaded file.

  • SAN FRANCISCO— Dockworkers were given the chance Friday to vote on a new contract extension that could provide long-term labor peace at West Coast seaports, where in recent years work slowdowns and strikes have affected billions of dollars in cargo. Union delegates for 29 ports from Washington to California voted to allow about 20,000 rank-and-file members...

  • SAN FRANCISCO— Google CEO Sundar Pichai received a $200 million compensation package last year for running the internet company that makes nearly all the money for Alphabet Inc.. Alphabet gave the award to Pichai in January 2016, a few months after he succeeded Larry Page as Google's CEO. Page limits his annual pay to $1 because he already has an estimated...

  • 2 Years @ 1 Market

    It’s been two years since CNBC launched its San Francisco Bureau – two years that included sky high private start-up valuations, soaring tech stocks, some IPOs and some scandals. From CEOs to VCs and startup founders, 1Market has become a hub for technology news and interviews with the individuals driving innovation in Silicon Valley.

  • SAN FRANCISCO, April 28- Tesla Inc is recruiting engineers from Mexico to work on robotics and other automated equipment at its California factory, according to LinkedIn postings viewed by Reuters, part of a hiring push to ready the plant for mass production of the upcoming Model 3.. Tesla did not immediately respond to a request for comment on its Mexico hiring...

  • *Canadian dollar ends at C $1.3650, or 73.26 U.S. cents. for the last time by the Bank of Canada, was C $1.3650 to the greenback, or 73.26 U.S. cents, weaker than Thursday's close of C $1.3624, or 73.40 U.S. cents. President Donald Trump told Reuters on Thursday that he had been "psyched" to terminate the North American Free Trade Agreement with Canada and Mexico on Saturday,...

  • April 28- Apple Inc has asked the state of California to make changes in its proposed policies on self-driving cars, the latest sign the technology giant is pursuing driverless car technology. In a letter made public Friday, Apple made a series of suggested changes to the policy that is under development and said it looks forward to working with California and...

  • SAN FRANCISCO, April 28- A funny thing happened on Wall Street in Donald Trump's first 100 days in the White House: Shares of companies that got closest to the president lagged the market's march higher. Since Trump's inauguration on Jan. 20, representatives from nearly 100 publicly-listed companies have visited the White House, with carmakers, healthcare...

  • SAN FRANCISCO, April 28- A funny thing happened on Wall Street in Donald Trump's first 100 days in the White House: Shares of companies that got closest to the president lagged the market's march higher. Since Trump's inauguration on Jan. 20, representatives from nearly 100 publicly-listed companies have visited the White House, with carmakers, healthcare...

  • The company's shares, which were priced at $15, opened at $13.50, giving the company a market value of about $2 billion. Phoenix- based Carvana sells cars through its website and allows customers to pick them up from automated "vending machine" towers located in U.S. cities including Austin and Dallas in Texas, and Nashville, Tennessee. "We're going to stay focused on...

  • SAN FRANCISCO, April 28- A funny thing happened on Wall Street in Donald Trump's first 100 days in the White House: Shares of companies that got closest to the president lagged the market's march higher. Since Trump's inauguration on Jan. 20, representatives from nearly 100 publicly-listed companies have visited the White House, with carmakers, healthcare...

  • SAN FRANCISCO, April 28- A funny thing happened on Wall Street in Donald Trump's first 100 days in the White House: Shares of companies that got closest to the president lagged the market's march higher. Since Trump's inauguration on Jan. 20, representatives from nearly 100 publicly-listed companies have visited the White House, with carmakers, healthcare...

  • The business, categorized as "Other Revenue" in its earnings report, posted a 49.4 percent jump in revenue to $3.10 billion on Thursday a sum already bigger than Twitter Inc's annual revenue. "is doing a good job, a much better job in diversifying revenue than Facebook is," said analyst James Wang of ARK Investment Management. To be sure, Google's cloud venture is still...

  • SAN FRANCISCO— Apple is refusing to pay any royalties owed to mobile chip maker Qualcomm for some of the features in the iPhone, escalating a patent feud that has turned the former business partners into bitter adversaries. Apple's decision to withhold royalties will cost Qualcomm up to $500 million in the current quarter alone, based on revised revenue...

  • The business, categorized as "Other Revenue" in its earnings report, posted a 49.4 percent jump in revenue to $3.10 billion on Thursday- a sum already bigger than Twitter Inc's annual revenue. "is doing a good job, a much better job in diversifying revenue than Facebook is," said analyst James Wang of ARK Investment Management. To be sure, Google's cloud venture is still...

  • NEW YORK/ SAN FRANCISCO, April 28- Growing tensions with North Korea should worry global electronics firms such as Apple Inc as they source key parts from South Korea, but investors are brushing off such concerns and snapping up shares in key exporters, heartened by robust earnings and big investment plans. South Korea, a U.S. ally and home to major electronics...

  • NEW YORK/ SAN FRANCISCO, April 28- Growing tensions with North Korea should worry global electronics firms such as Apple Inc as they source key parts from South Korea, but investors are brushing off such concerns and snapping up shares in key exporters, heartened by robust earnings and big investment plans. South Korea, a U.S. ally and home to major electronics...