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Top News & Analysis San Francisco

  • March 22- U.S. wireless carriers Verizon Communications Inc and AT&T Inc said on Wednesday they have suspended digital advertising on Google's YouTube and other advertising platforms not related to search over concerns that their ads may have run next to extremist videos. Google is under fire in Europe from politicians and brands angered by ads appearing...

  • OTTAWA, March 22- The new national budget unveiled Wednesday by Canadian Prime Minister Justin Trudeau's Liberal government took aim at ride-sharing providers such as Uber Technologies Inc, looking to end a tax advantage they have over traditional taxi companies. The budget statement said Trudeau's government plans to amend Canada's Excise Tax Act to...

  • NEW YORK, March 22- Starting on Monday, Wells Fargo& Co depositors can withdraw money using a smartphone at any branded ATM, the latest sign of U.S. lenders moving away from traditional brick-and-mortar banking. Jonathan Velline, Wells Fargo's head of ATM and store strategy, said that the San Francisco- based bank decided to apply the smartphone technology to all of...

  • DETROIT, March 22- The cost to implement tough fuel-efficiency standards for cars imposed by the Obama administration for the first half of the next decade could be up to 40 percent lower than previously estimated using existing conventional technologies, according to a report from a nonprofit group released on Wednesday. Instead of an average cost of $875...

  • SAN FRANCISCO— AT&T, Verizon and several other major advertisers are suspending their marketing campaigns on Google's YouTube site after discovering their brands have been appearing alongside videos promoting terrorism and other unsavory subjects. The spreading boycott confronts Google with a challenge that threatens to cost it hundreds of millions...

  • DUBAI, March 22- Amazon.com Inc has agreed in principle to buy 100 percent of Dubai- based online retailer Souq.com from its shareholders, sources familiar with the deal said on Wednesday. Kuwait, Saudi Arabia and the United Arab Emirates are among the top worldwide for mobile phone penetration. "Amazon acquires business that they see as tangential to the core...

  • March 22- Last-minute U.S. hotel booking app HotelTonight said on Wednesday it raised $37 million in a funding round as it seeks to expand its international hotel network and invest in marketing campaigns. The Series E funding round, which was led by venture capital firm Accel Partners and valued the profitable San Francisco- based company at roughly $500...

  • SAN FRANCISCO— Google Maps users will soon be able to broadcast their movements to friends and family— the latest test of how much privacy people are willing to sacrifice in an era of rampant sharing. The Mountain View, California, company has set up the controls so individuals can decide with whom they want to share their whereabouts and for how long— anywhere from...

  • SAN FRANCISCO— APNewsBreak: Report finds' very significant risk' at California dam if damaged spillway can't operate next rainy season.

  • LONDON/ SINGAPORE, March 22- The U.S. Justice Department has ordered top executives from several container shipping lines to testify in an antitrust investigation over practices by an industry that is the backbone of world trade, the companies said on Wednesday. Moller-Maersk, together with second largest line MSC of Switzerland, Germany's Hapag Lloyd, Taiwan-...

  • The Series E funding round, which was led by venture capital firm Accel Partners and valued the San Francisco- based company at roughly $500 million, brings it one step forward to an eventual initial public offering, though the company has yet to outline such plans. HotelTonight had $500 million in sales last year and is turning a profit. The company's other...

  • *United States concerned about proposed shipping alliances. SINGAPORE, March 22- The U.S. Justice Department has ordered top executives from several container shipping lines to testify in an antitrust investigation into an industry that is the backbone of global trade, the companies said on Wednesday. Moller-Maersk, Germany's Hapag Lloyd, Taiwan- based...

  • SINGAPORE, March 22- Antitrust investigators at the U.S. Justice Department have subpoenaed top executives from several container shipping lines as part of a probe into the global industry, shipping lines said on Wednesday. "We can confirm that we conducted an operation," an FBI spokesman in San Francisco told Reuters on Wednesday. The action by U.S....

  • SAN FRANCISCO, March 21- Airbnb, the online marketplace for short-term lodging, is expanding its business in China, hoping to spur growth in the world's most populous country and a major tourist destination. Fresh off a $1 billion fundraising round, Airbnb announced plans on Tuesday to expand its services in China and increase its staff there.

  • March 21- U.S. organic food delivery service Sun Basket has hired banks for an initial public offering that could come in the second half of the year, sources familiar with the situation said on Tuesday. Sun Basket is working with investment banks Bank of America Corp and Jefferies LLC on the IPO, three sources said. Bank of America and Jefferies declined to comment...

  • At that meeting, ING said it would either continue to "positively influence" the course of the project, or to distance itself by selling its stake in the loan, "the company said in a press release. ING was one of 17 banks financing the Energy Transfer Partners LP pipeline, which will move crude from the Northern Plains to the Midwest and then on to the Gulf of Mexico.

  • NEW YORK, March 21- Wells Fargo& Co will launch a new multi-channel ad campaign, its chief executive said on Tuesday, in a further sign of the bank's efforts to regain trust after a sales scandal last year caused a sharp drop in account openings. "For our team members and customers, we want to create a culture that's better every day," Chief Executive Officer Timothy...

  • Ridership in the U.S. during the first 10 weeks of this year is up from the same time last year, according to Rachel Holt, who oversees Uber's operations in the U.S. and Canada. Holt was one of three women who handled Tuesday's damage control, joining Uber's only female board member, Arianna Huffington, and Liane Hornsey, the company's head of human resources.

  • March 21- Plex Systems Inc, a privately held U.S. maker of software used to run manufacturing plants, is exploring a potential sale which it hopes will value it at more than $1 billion, including debt, according to people familiar with the matter. Francisco Partners, the private equity firm that is the majority owner of Plex, is working with investment bank Morgan...

  • NEW YORK, March 21- Wells Fargo& Co will launch a new multi-channel ad campaign, its chief executive said on Tuesday, in a further sign of the bank's efforts to regain trust after a sales scandal last year caused a sharp drop in account openings. "For our team members and customers, we want to create a culture that's better every day," Chief Executive Officer Timothy...