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  • 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...

  • NEW YORK— Visa is now a major shareholder in Square, the mobile payment services company co-founded and led by Jack Dorsey. Square Inc. went public in November. Dorsey, a co-founder of Square, is also co-founder and CEO of Twitter Inc..

  • Zenefits People

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

  • JMP reports 4Q loss 3 Hours Ago

    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.

  • 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...

  • 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...

  • 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...

  • 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...

  • 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...

  • WASHINGTON, Feb 10- The White House vowed Wednesday that the United States would still meet international commitments to cut carbon emissions, seeking to allay concerns that the Supreme Court might take away one of its main weapons against climate change. And White House spokesman Eric Schultz said the administration has an array of tools available to reduce...

  • *Silicon Valley carmaker plans 60-80 pct vehicle sales growth. Feb 10- Tesla Motors Inc Chief Executive Elon Musk on Wednesday promised investors that the electric luxury car maker would stop burning cash and start making money this year, sending the company's shares up sharply despite a wider fourth-quarter loss. Musk said Tesla would generate positive cash...

  • Tesla reported a wider fourth-quarter net loss of $2.44 a share, compared with a loss of 86 cents a share a year earlier. "You cannot bet against Elon Musk," said analyst Ivan Feinseth of Tigress Partners. Musk said Tesla would generate positive cash flow even after investing $1.5 billion to add capacity to a huge battery factory in Nevada, and start producing...

  • Feb 10- The S&P 500 ended flat on Wednesday, losing gains late in the session as investors digested comments by Federal Reserve Chair Janet Yellen, who kept options open for more rate hikes but also saw risks to the U.S. economy. The market had traded higher for much of the session after Yellen told Congress she does not expect the central bank to reverse the rate hike...