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Top News & Analysis San Francisco

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  • SEATTLE— Menu prices are up 21 percent and you don't have to tip at Ivar's Salmon House on Seattle's Lake Union after the restaurant decided to institute the city's $15- an-hour minimum wage two years ahead of schedule. Seattle's law, adopted last year after a strong push from labor and grassroots activists, bumped the city's minimum wage to $11 beginning April 1,...

  • SAN FRANCISCO— CVS Health Corp. deliberately overcharged some pharmacy customers for generic drugs by submitting claims to their insurance companies at inflated prices, according to a lawsuit filed Thursday in federal court in San Francisco. "We've seen people who pay $20 for a 30- day supply as their copayments on a drug that was $11.99 for a 90- day supply had...

  • SAN FRANCISCO _ Digital Realty Trust Inc. on Thursday reported a key measure of profitability in its second quarter. The average estimate of nine analysts surveyed by Zacks Investment Research was for funds from operations of $1.25 per share. Digital Realty Trust expects full-year funds from operations to be $5.33 to $5.43 per share.

  • SILVER SPRING, Md.— Hillary Rodham Clinton on Thursday offered some support for a proposal in the Senate that would raise the federal minimum wage to $12 an hour, hinting that the higher rate sought by labor unions doesn't have enough support. Patty Murray that would increase the rate to $12 an hour by 2020, which is several dollars less than the $15 backed by labor...

  • SAN FRANCISCO, July 30- Oracle Corp's long-running legal battle with Google Inc over Google's Android operating system for smartphones and other devices probably will not proceed to another trial until the middle of 2016, a U.S. judge said on Thursday. Oracle is seeking royalties for Google's use of some of the Java language, while Google argues it should be...

  • NEW YORK, July 30- Google Inc will have to make do with the low rate it must offer Microsoft Corp to use some of its Motorola Mobility patents after a U.S. appeals court on Thursday ruled the licensing rate had been properly set. Microsoft sued Motorola in 2010, alleging Motorola had breached its obligation to offer licenses at a reasonable cost.

  • But there are signs of slowing momentum around major job hubs such as New York, Los Angeles and Washington. Real estate data firm Zillow said Thursday that U.S. rental prices rose a seasonally adjusted 4.3 percent in June from a year ago. "Rents are insanely unaffordable on a historical basis in the United States right now," said Stan Humphries, chief economist at...

  • Virgin America's second-quarter profit beat Wall Street expectations on cheaper fuel, and the airline plans to grow at a double-digit rate next year after it starts flying to Hawaii. For example, he said, Virgin will resume flights between San Francisco and Fort Lauderdale, Florida, and offer an additional daily flight to New York from both San Francisco and Los...

  • California says water use fell by 27 percent in June Thursday, 30 Jul 2015 | 3:18 AM ET

    SACRAMENTO, Calif.— California's unprecedented system of mandatory conservation imposed on cities got off to a strong start with water use plunging 27 percent in June, regulators said Thursday. Data released by the State Water Resources Control Board showed 265 of 411 local agencies in California hit or nearly reached savings targets. The report confirmed...

  • US home rental prices climb again in June Thursday, 30 Jul 2015 | 12:02 AM ET

    But there are signs of slowing momentum around New York, Los Angeles and Washington. Rents continue to jump at double-digit rates in Denver, San Francisco and San Jose, California. Median prices slipped month over month in the New York metro area by $15 to $2,340, while also dropping slightly in Washington and flat-lining in Los Angeles.

  • California Guard uses drone to search for missing teacher Wednesday, 29 Jul 2015 | 7:39 PM ET

    SAN FRANCISCO— The California National Guard is using a drone to search El Dorado National Forest for a missing San Francisco teacher, marking the first time the Guard has used an unmanned aircraft for a search-and-rescue mission. Kavanaugh was last seen July 17 driving a motorcycle on a trail through El Dorado County, about three hours east of the San Francisco...

  • Xoom reports 2Q loss Wednesday, 29 Jul 2015 | 5:45 PM ET

    SAN FRANCISCO _ Xoom Corp. on Wednesday reported a second-quarter loss of $2.3 million, after reporting a profit in the same period a year earlier. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 9 cents per share. Xoom shares have climbed 42 percent since the beginning of the year.

  • WASHINGTON— Air safety investigators have a "high degree of confidence" that aircraft debris found in the Indian Ocean is of a wing component unique to the Boeing 777, the same model as the Malaysia Airlines plane that disappeared last year, a U.S. official said Wednesday. A French official close to an investigation of the debris confirmed Wednesday that French...

  • Yelp needs help, and buyout may be the answer Wednesday, 29 Jul 2015 | 5:37 PM ET

    July 29- Selling itself could be one of the few options left for Yelp Inc, which is struggling to win advertising dollars in an increasingly crowded market that already includes Google Inc, TripAdvisor Inc and GrubHub Inc.. Yelp, owner of consumer review website Yelp.com, reported a second-quarter loss on Tuesday and forecast revenue for the current quarter...

  • McKesson beats Street 1Q forecasts Wednesday, 29 Jul 2015 | 4:52 PM ET

    SAN FRANCISCO _ McKesson Corp. on Wednesday reported fiscal first-quarter profit of $576 million. Six analysts surveyed by Zacks expected $46.14 billion. For the current quarter ending in September, McKesson expects its per-share earnings to range from $12.36 to $12.86.

  • Twitter stock tumbles as user growth stalls Wednesday, 29 Jul 2015 | 1:16 PM ET

    Twitter is "not satisfied" with its user growth, co-founder Jack Dorsey, who replaced Dick Costolo as CEO earlier this month, said Tuesday after the earnings report. "Stagnant user growth suggests Twitter is still trying to find its place in the social media food chain," said Colin Sebastian, an analyst at Baird Equity Research, in a note to investors.

  • SAN FRANCISCO— Microsoft debuted its new Windows 10 operating system Wednesday, in what the company hopes will be a pivotal moment in its bid regain its sway in a world where the PC is no longer king. Microsoft is counting on tens or even hundreds of millions more to download its latest release for free in coming months. Microsoft and major PC makers are planning a...

  • Will the Internet listen to your private conversations? Wednesday, 29 Jul 2015 | 10:44 AM ET

    SAN FRANCISCO— Like a lot of teenagers, Aanya Nigam reflexively shares her whereabouts, activities and thoughts on Twitter, Instagram and other social networks without a qualm. After using the Internet-connected device for two months, Aanya, 16, started to worry that the Echo was eavesdropping on conversations in her Issaquah, Washington, living room.

  • PG&E beats 2Q profit forecasts Wednesday, 29 Jul 2015 | 8:16 AM ET

    SAN FRANCISCO— Pacific Gas& Electric Co. on Wednesday reported second-quarter earnings of $406 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 78 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • July 28- Twitter Inc's shares fell more than 11 percent in extended trade on Tuesday after the microblogging company said its number of monthly average users grew at the slowest pace since it went public in 2013.. "This is unacceptable and we're not happy about it," Jack Dorsey, who stepped in as interim chief executive on July 1, said on a call with analysts.