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  • WASHINGTON, Feb 13- President Barack Obama has a number of likely options as he looks for a nominee to the U.S. Supreme Court to replace Justice Antonin Scalia, who died on Saturday. If Obama's nominee is not confirmed by the Senate, the White House could use the process to energize Democratic voters ahead of the presidential and congressional elections in...

  • NEW YORK— Wall Street is hurting, and Main Street doesn't care. It's an about-face from the early years of the economic recovery, which began in 2009, when stocks and big banks were soaring but many on Main Street felt like they were getting left behind. The divergence underway between Main Street and Wall Street highlights the difference between the U.S. stock...

  • BOSTON, Feb 12- Valiant Capital Partners, a hedge fund with ties to renowned investor Julian Robertson that has been closed to new investments since 2012, is raising fresh capital, a person familiar with the firm's plans said. The San Francisco- based firm, which has bet heavily on technology stocks including Apple, Facebook and Amazon, wants to keep its assets near...

  • NEW YORK/ SAN FRANCISCO, Feb 12- Alphabet Inc's Google will not participate in the U.S. Federal Communications Commission's upcoming auction of broadcast airwaves for wireless industry use, a spokeswoman told Reuters on Friday. Google last participated in a 2008 FCC auction but did not buy any airwaves.

  • NEW YORK/ SAN FRANCISCO, Feb 12- Alphabet Inc's Google will not participate in the U.S. Federal Communications Commission's upcoming auction of broadcast airwaves for wireless industry use, a spokeswoman told Reuters on Friday. The FCC's deadline for interested bidders to file applications to participate in the auction ended on Wednesday.

  • Feb 12- Now markets have delivered their verdict on inflation- it's not picking up any time soon- economic data due next week will show whether price pressures are rising meaningfully or falling back in some of the world's major economies. Sweden's Riksbank also slashed its repo rate to -0.50 percent on Thursday, partly as insurance against expectations that...

  • California insurance regulators probing Zenefits Friday, 12 Feb 2016 | 8:00 AM ET
    Zenefits People

    Software company Zenefits is being investigated by the California Department of Insurance over questions about its business practices.

  • JMP reports 4Q loss Friday, 12 Feb 2016 | 7:03 AM ET

    SAN FRANCISCO _ JMP Group Inc. on Friday reported a fourth-quarter loss of $1.2 million, after reporting a profit in the same period a year earlier. The San Francisco- based company said it had a loss of 5 cents per share. For the year, the company reported a loss of $208,000, or 1 cent per share, swinging to a loss in the period.

  • Uber to pay $28.5M to settle safety ad lawsuits Thursday, 11 Feb 2016 | 10:47 PM ET

    SAN FRANCISCO— Uber said Thursday that it will pay $28.5 million to settle two lawsuits that said the ride-hailing firm misled customers about its safety procedures and fees. The company told a federal judge in San Francisco that it wants to settle the class-action lawsuits by paying about 25 million riders who made U.S. trips between Jan. 1, 2013, and Jan. 31, 2016.

  • SAN FRANCISCO, Feb 11- Software company Zenefits is being investigated by the California Department of Insurance over questions about its business practices, the agency said Thursday. The announcement of the investigation follows the resignation on Monday of Zenefits Chief Executive Parker Conrad, who was replaced amid allegations from state regulators...

  • California insurance regulators probing Zenefits Thursday, 11 Feb 2016 | 7:31 PM ET

    SAN FRANCISCO, Feb 11- Software company Zenefits is being investigated by the California Department of Insurance over questions about its business practices, the agency said Thursday. The announcement of the investigation follows the resignation on Monday of Zenefits Chief Executive Parker Conrad, who was replaced amid allegations from state regulators...

  • *Indonesia has Twitter's top Internet user penetration rate. *Twitter says Indonesia has great potential, still a top mkt. While Twitter doesn't break down country figures, Global Web Index data shows Indonesia remains joint first with Mexico in active users among the 34 countries the UK- based metrics company monitors- and significantly ahead in terms of...

  • SAN FRANCISCO, Feb 11- Uber has agreed to pay $28.5 million to settle litigation brought by customers who alleged the ride hailing service misrepresented the quality of its safety practices and the fees it charged passengers, the company said on Thursday. The cases, filed in a Northern California federal court, were brought after district attorneys in Los...

  • Uber agrees to settle safety lawsuits for $28.5 mln Thursday, 11 Feb 2016 | 5:00 PM ET

    SAN FRANCISCO, Feb 11- Uber has agreed to pay $28.5 million to settle litigation brought by customers who alleged the ride hailing service misrepresented the quality of its safety practices and the fees it charged passengers, the company said on Thursday. The cases, filed in a Northern California federal court, were brought after district attorneys in Los...

  • UPDATE 1-What's behind the global stock market selloff? Thursday, 11 Feb 2016 | 4:22 PM ET

    NEW YORK, Feb 11- Global stock markets are on their shakiest footing in years. In addition to the fall in U.S. stock markets, major stock indexes worldwide have also been hit hard, despite efforts by the Bank of Japan and the European Central Bank to spur growth through lower interest rates. With Thursday's decline, the S&P 500 stock index has lost 10.5 percent so far in...

  • *Deep skepticism that U.S. rate hikes will happen in 2016. WASHINGTON, Feb 11- Federal Reserve Chair Janet Yellen returned to Congress with a brave face on Thursday amid a worsening meltdown in global markets and growing skepticism the U.S. central bank can carry out its long-planned pivot to "normal" monetary policy. As she did at a House of Representatives panel on...

  • What's behind the global stock market selloff? Thursday, 11 Feb 2016 | 1:25 PM ET

    NEW YORK, Feb 11- Global stock markets are on their shakiest footing in years. In addition to the selling in the United States, major stock indexes worldwide have also been hit hard, despite efforts by the Bank of Japan and the European Central Bank to spur growth through lower interest rates. "One of the new themes in markets is that has damaged the banks and that...

  • PARIS— Two top Uber executives appeared Thursday in court in charges that could send them to prison and offer the ride-hailing company one of its most serious legal challenges to date in France. But it continues to operate in France despite repeated strikes and sometimes violent tensions with taxi drivers, and is not outlawed entirely as it is in Spain and Italy.

  • LendingClub tops Street 4Q forecasts Thursday, 11 Feb 2016 | 8:47 AM ET

    SAN FRANCISCO _ LendingClub Corp. on Thursday reported fourth-quarter net income of $4.6 million, after reporting a loss in the same period a year earlier. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share. For the current quarter ending in April, LendingClub said it expects revenue in the range of...

  • After big selloffs, a second take on restaurant shares Thursday, 11 Feb 2016 | 7:00 AM ET

    NEW YORK, Feb 11- Restaurant stocks have sat like dry toast for the last six months, but investors are now starting to nibble back into the sector. "We are getting close to an investment opportunity in restaurant stocks," said Bryant Evans, portfolio manager at Cozad Asset Management in Champaign, Illinois. Sector employment has been expanding as well; in January it...