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Top News & Analysis San Francisco


  • 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...

  • 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.

  • 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 19 Hours Ago

    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...

  • 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...

  • 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.

  • RPX Corp. beats 2Q profit forecasts Tuesday, 28 Jul 2015 | 6:43 PM ET

    SAN FRANCISCO _ RPX Corp. on Tuesday reported second-quarter profit of $8 million. For the current quarter ending in September, RPX Corp. said it expects revenue in the range of $67.7 million to $68.2 million. RPX Corp. shares have increased 17 percent since the beginning of the year.

  • July 28- Twitter Inc's quarterly earnings and revenue blew past expectations, but its monthly average user number grew at its slowest pace since it went public in 2013, and its shares fell about 7 percent after hours. The company's net loss narrowed to $136.7 million, or 21 cents per share, in the second quarter ended June 30 from $144.6 million, or 24 cents per share,...

  • NEW YORK— Twitter failed to add users at a quick enough pace for investors in the second quarter even as revenue grew sharply, feeding concerns about whether it can ever become a mass-market service like Facebook or Google. The beleaguered company is searching for a permanent CEO to replace Dick Costolo, who stepped down at the beginning of this month.

  • CAI misses Street 2Q forecasts Tuesday, 28 Jul 2015 | 4:39 PM ET

    SAN FRANCISCO, Calif. _ CAI International Inc. on Tuesday reported second-quarter profit of $12.9 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 67 cents per share. Three analysts surveyed by Zacks expected $61.2 million.

  • Yelp's 2Q results, outlook disappoint as stock plunges Tuesday, 28 Jul 2015 | 4:31 PM ET

    SAN FRANCISCO— Yelp is getting skewered by investors after the online business review service sank to a second-quarter loss and dimmed its outlook amid a slowdown in its digital advertising sales. He predicted Yelp could be generating $1 billion in annual revenue by 2017, more than doubling from a projected $545 million to $550 million this year.

  • Twitter reports 2Q loss Tuesday, 28 Jul 2015 | 4:28 PM ET

    SAN FRANCISCO _ Twitter Inc. on Tuesday reported a loss of $136.7 million in its second quarter. Fourteen analysts surveyed by Zacks expected $487.4 million. Analysts surveyed by Zacks had expected revenue of $563.9 million.

  • NEW YORK, July 28- Investors in social media shares have zeroed-in on Facebook Inc, piling into stock options to add bullish bets on the company in the days ahead of its Wednesday earnings. The ascent has made Facebook one of the ten largest S&P companies in terms of market capitalization, with the stock now worth more than $260 billion- surpassing decades-old...