Top News & Analysis San Francisco

  • SAN FRANCISCO— In a story Sept. 23 about a bill to protect whales from fishing gear for Dungeness crab, The Associated Press erroneously reported the name of an environmental group that backed the legislation. The group is the Center for Biological Diversity, not the Center for Environmental Diversity. California's governor has signed legislation to protect...

  • Sept 23- Twitter Inc has initiated talks with several technology companies to explore selling itself, a person familiar with the matter said on Friday, signaling the start of what is likely to be a slow-rolling auction of the high-profile but money-losing social media company. Twitter and Alphabet Inc, Google's parent company did not respond to a request for...

  • Jerry Brown announced Friday that he signed legislation meant to bring down the record numbers of whales getting caught in fishing gear meant for Dungeness crabs, causing unknown numbers of the entangled mammals to drown or starve. Crab fishermen joined environmental groups in backing the legislation after federal agencies logged 61 reports of entangled...

  • CBS has not publicly disclosed how much debt the unit plans to issue. Representatives of CBS and all of the banks declined to comment. CBS will use capital from the radio deal for buybacks and investing in the business, CBS Chief Executive Leslie Moonves told the Goldman Sachs Communacopia Conference this week.

  • SAN FRANCISCO— Facebook is apologizing to advertisers for what it calls an error that overstated the average length of time users watched videos on the site. The measurement didn't affect how much Facebook charges to run video spots, but analysts say ad agencies may have used the Facebook estimates as a key metric when they plan campaigns and decide how much...

  • Attorneys general for 35 states and the District of Columbia filed a complaint in the U.S. District Court for the Eastern District of Pennsylvania, alleging that British drugmaker Indivior and New Jersey's MonoSol Rx conspired to corner the market on Suboxone. The attorneys general say the conduct is illegal "product hopping," where a company makes small...

  • SAN FRANCISCO— If a foreign government is behind the massive computer attack that compromised a half billion user accounts at Yahoo, as the company says, the breach could be part of a long-term strategy that's aimed at gathering intelligence rather than getting rich. Yahoo says the breach involved users' email addresses, passwords and other information—...

  • SAN FRANCISCO, Sept 23- The split at the Federal Reserve over when to next raise interest rates appears to hinge largely on disagreements over the labor market outlook, comments from policymakers on Friday suggest. When the Fed earlier this week decided to stand pat on rates, Fed Chair Janet Yellen said she felt the labor market had more room to run before it could...

  • Sept 23- Twitter Inc has initiated talks with several technology companies to explore selling itself, a person familiar with the matter said on Friday, signaling the start of what is likely to be a slow-rolling auction of the high-profile but money-losing social media company. Twitter shares jumped more than 19 percent to $22.22 per share on Friday, marking the...

  • NEW YORK— Pfizer expects to complete its $14 billion buyout of cancer drug developer Medivation in the third quarter following the expiration of a regulatory waiting period. The New York drugmaker has agreed to pay $81.50 per Medivation share, which marked a 21 percent premium to San Francisco- based Medivation's closing price when it was announced in August.

  • DALLAS— Prosecutors say a North Texas man who helped smuggle what he thought was cocaine onto flights from Dallas-Fort Worth International Airport must serve nearly 16 years in prison. Moniteveti "Vince" Katoa was sentenced Thursday in Dallas. The packages were flown to Las Vegas, Phoenix, Chicago and San Francisco, plus Newark, New Jersey, and Wichita, Kansas.

  • SAN FRANCISCO— Yahoo has been struggling for years to keep people coming back to its digital services such as email. The security breakdown risks magnifying Yahoo's preexisting problems— specifically, that it is losing users, traffic and the advertising revenue that follows both, to rivals such as Google and Facebook. And if these people give up on Yahoo as a...

  • SAN FRANCISCO— Thirty-five states and the District of Columbia filed an antitrust lawsuit Thursday alleging that British drugmaker Indivior tried to keep cheaper, generic versions of Suboxone off the market, California's attorney general announced. The complaint filed in the U.S. District Court for the Eastern District of Pennsylvania also names New...

  • Chief Executive Officer Marissa Mayer is under pressure to shore up the flagging fortunes of the site founded in 1994, and the company in July agreed to a $4.83 billion cash sale of its internet business to Verizon Communications Inc.. "This is the biggest data breach ever," said well-known cryptologist Bruce Schneier, adding that the impact on Yahoo and its...

  • The San Francisco Fed said Thursday that John Stumpf is giving up his position as representative from the central bank's San Francisco region on the advisory council. The announcement came two days after Stumpf faced bipartisan outrage from a Senate panel over the alleged misconduct, believed to have gone on at the second-largest U.S. bank for years.

  • SAN FRANCISCO/ WASHINGTON, Sept 22- A U.S. investigation into a leak of hacking tools used by the National Security Agency is focusing on a theory that one of its operatives carelessly left them available on a remote computer and Russian hackers found them, four people with direct knowledge of the probe told Reuters. The public release of the tools coincided with...

  • The sinking tower of San Fran

    San Francisco's Millennium Tower is sinking and tilting due to its "poor structural design." CNBC's Josh Lipton reports.

  • The new services will arrive just as LinkedIn itself gains a new boss— Microsoft— which is paying $26 billion to acquire the Silicon Valley company later this year. LinkedIn said the new features, which it showed off to reporters Thursday, were in the works before the Microsoft takeover was announced in June. But LinkedIn CEO Jeff Weiner said his company hopes to...

  • SAN FRANCISCO— Computer hackers swiped personal information from at least 500 million Yahoo accounts in what is believed to be the biggest digital break-in at an email provider. The massive security breakdown disclosed Thursday poses new headaches for beleaguered Yahoo CEO Marissa Mayer as she scrambles to close a $4.8 billion sale to Verizon.

  • SAN FRANCISCO— Two Indonesian fishermen who escaped slavery aboard a Honolulu- based tuna and swordfish vessel when it docked at San Francisco's Fisherman's Wharf are suing the boat's owner for tricking them into accepting dangerous jobs they say they weren't allowed to leave. The lawsuit alleges that San Jose, California, resident Thoai Nguyen, owner and...