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Top News & Analysis San Francisco

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  • SAN FRANCISCO _ Glu Mobile Inc. on Tuesday reported a loss of $5.5 million in its second quarter. For the current quarter ending in October, Glu Mobile said it expects revenue in the range of $58 million to $60 million. Glu Mobile shares have climbed 45 percent since the beginning of the year.

  • SAN FRANCISCO— Netflix is giving new parents on its payroll up to a year of paid leave in a move that could pressure other technology employers to improve their baby benefits as they vie for talent. The employee benefit announced Tuesday on Netflix's blog is generous even by the high standards of Silicon Valley, where free meals and other perquisites supplement...

  • SAN FRANCISCO _ Zendesk Inc. on Tuesday reported a loss of $21.5 million in its second quarter. For the current quarter ending in October, Zendesk said it expects revenue in the range of $51 million to $53 million. Zendesk shares have fallen 16 percent since the beginning of the year.

  • SAN FRANCISCO _ LendingClub Corp. on Tuesday reported a loss of $4.1 million in its second quarter. LendingClub expects full-year revenue in the range of $405 million to $409 million. LendingClub shares have declined 45 percent since the beginning of the year.

  • SAN FRANCISCO— Netflix will expand into Japan next month to give the Internet video service its first presence in Asia. Japanese subscribers will be able to start watching Netflix on Internet-connected devices beginning Sept. 2. Netflix already sells its services in dozens of other countries outside the U.S. as part of its ambition to be available throughout...

  • The world's most valuable public company saw its stock price drop for a fifth straight day on Tuesday, falling as much as $5.19, or 4.4 percent, to $113.25 as investors fret over China's economy and whether Apple can keep growing at the pace it's maintained over the last few quarters. Apple shares closed Tuesday at $114.64— down 14 percent since hitting a record...

  • *Fed's Lockhart renews expectations for Sept. rate hike. NEW YORK, Aug 4- U.S. Atlanta Fed President Dennis Lockhart has said it would take "significant deterioration" in the U.S. economy for him to not support a rate hike in September, according to the Wall Street Journal.

  • SEOUL, Aug 4- For four years Samsung Electronics Co Ltd has basked in the success of its Galaxy smartphones, making billions of dollars competing with Apple Inc in the premium mobile market. The coming years are set to be more sombre for the South Korean tech giant, as it is forced to slash prices and accept lower margins at its mobile division in order to see off...

  • To Cheryl Hendricks in parched California, it's simple: To put food on the table "we rely on agriculture." She and her husband are taking shorter showers and removing lawn in response to California's four-year drought, but for growers and ranchers "it's more important for them to have it. In California, for example, agriculture accounts for 80 percent of all water...

  • Aug 3- The No. 2 U.S. wireless carrier AT&T Inc said it will bundle its wireless service with DirecTV's pay-TV offerings after the $48.5 billion deal was approved last month. The newly expanded AT&T leapfrogs the biggest U.S. cable company Comcast Corp Corp.. The company said it would serve more than 55 million customers in the United States, Latin America and the...

  • SAN FRANCISCO, Aug 2- Janet Yellen made her reputation as an early spotter of the looming slump seven years ago when she highlighted some unorthodox indicators of decline in consumer spending: tummy tucks, gourmet dining and country club memberships. As chief of the San Francisco Fed back in 2008, Yellen joked to colleagues at a somber policy-setting meeting...

  • Uber faces the 'last 1bn person market' left Sunday, 2 Aug 2015 | 2:14 AM ET
    A woman uses the Uber app on a smartphone as a taxi cab drives by.

    Uber's battle with Bangalore-based Ola carries special significance, given the huge potential size of India's underdeveloped market. The FT reports.

  • The Canadian researchers who created hitchBOT as a social experiment told The Associated Press that someone in Philadelphia damaged the robot beyond repair early Saturday, ending its first American tour after about two weeks. The kid-size robot set out to travel cross-country after successfully hitchhiking across Canada in 26 days last year and parts of...

  • WASHINGTON— Apartment rents are up. So are prices for restaurant meals, haircuts, gym memberships and a cup of coffee. For American consumers who have become used to flat or even falling prices for several years, an unfamiliar sight has emerged in many corners of the economy: Inflation is ticking up.

  • Researchers warn of bogus emails offering Windows 10 Friday, 31 Jul 2015 | 8:28 PM ET

    SAN FRANCISCO— Some hackers are exploiting Microsoft's offer of free upgrades to its new Windows 10 operating system. Researchers at Cisco Systems say the emails are designed to look like an official upgrade notice from Microsoft Corp., but several words have random, out-of-place letters and punctuation. Another important clue: Microsoft says its update...

  • Good Housekeeping magazine once dubbed the service a "fashionista's playground." The results have been lackluster so far, barely budging Yahoo's revenue. The acquisition, which hasn't closed yet, will mark a homecoming for three of Polyvore's co-founders, Jianing Hu, Guangwei Yuan and Pasha Sadri.

  • Judge William Orrick in San Francisco issued a temporary restraining order against the Center for Medical Progress hours after the order was requested by the National Abortion Federation. The National Abortion Federation sued in federal court in San Francisco, alleging the Center for Medical Progress infiltrated its meetings and recorded its members.

  • SAN FRANCISCO— Facebook CEO Mark Zuckerberg and his pediatrician wife, Priscilla Chan, are expecting a baby. The co-founder of the world's largest social network used a Facebook post Friday to announce that Chan is pregnant with a healthy baby daughter. He didn't say when the baby is due.

  • NEW YORK— Uniform and first aid products company Cintas Corp. is buying ZEE Medical from McKesson Corp. for about $130 million in cash, expanding its position in emergency services products. The deal is expected to add between $110 and $120 million in annual revenue for Cintas. Cincinnati, Ohio- based Cintas expects the deal to close on Aug. 1.

  • Uber, driver attorneys maneuver toward crucial hearing Friday, 31 Jul 2015 | 12:59 PM ET

    SAN FRANCISCO, July 31- Uber Technologies Inc is jostling with drivers suing for reimbursement of their expenses in advance of an important hearing next week in the fight over whether drivers are independent contractors or employees entitled to benefits. Three drivers sued Uber in a federal court in San Francisco, contending they are employees and entitled...