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Top News & Analysis San Francisco

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  • *Wall Street rises but European stocks end down. *China stock indexes give up early gains to close down. NEW YORK, Aug 26- Wall Street was sharply higher on Wednesday while European shares and commodities prices fell as investors balanced strong U.S. economic data and interest rate comments with fears about China's slowing economy.

  • Airfare deals pop up as airlines wage limited fare wars Wednesday, 26 Aug 2015 | 12:46 PM ET

    Don't expect widespread sales or cheap flights home for Thanksgiving. Fliers have been able to fly Chicago to Boston for $80 roundtrip, San Francisco to Las Vegas for $67 roundtrip and New York to Los Angeles, with a connection, for $150 roundtrip. "This is the big break consumers have been waiting for in response to lower fuel prices," says Seth Kaplan, managing...

  • Growing US economy causing traffic woes Wednesday, 26 Aug 2015 | 12:01 PM ET

    Los Angeles, San Francisco and New York come next on the list of urban areas with the longest delays. Overall, American motorists are stuck in traffic about 5 percent more than they were in 2007, the pre-recession peak, says the report from the Texas A&M Transportation Institute and INRIX Inc., which analyzes traffic data. Rounding out the Top 10 worst commuting...

  • LOS ANGELES, Aug 26- "Star Wars" producers on Wednesday announced a marathon, worldwide roll-out of toys next week for its upcoming "The Force Awakens" movie in a promotional push that seeks to capture the excitement that once greeted new "Harry Potter" book releases. The toys will be introduced online over an 18- hour period in 15 cities and 12 nations beginning in...

  • Microsoft says Windows 10 now on 75 million devices Wednesday, 26 Aug 2015 | 11:44 AM ET

    SAN FRANCISCO— Microsoft said Wednesday that its new Windows 10 software is running on more than 75 million computers, tablets and other devices— in just under a month since the operating system was released. Microsoft Corp., which is best known for making software for personal computers, is hoping Windows 10 will help it rebuild loyalty among users who are...

  • Group sues over bottling plant in parched California Wednesday, 26 Aug 2015 | 10:55 AM ET

    SAN FRANCISCO— A group of neighbors and activists has sued bottled water company Crystal Geyser and Siskiyou County over plans to build a bottling plant near Mount Shasta in parched Northern California. The San Francisco Chronicle reports Wednesday that the suit accuses Crystal Geyser of pushing through an illegal plan to suck thousands of gallons of water...

  • Urban areas where commuters endure the most extra hours Wednesday, 26 Aug 2015 | 12:01 AM ET

    Traffic congestion nationally reached a new peak last year and is greater than ever before, according to a report by the Texas A&M Transportation Institute and INRIX Inc. Their analysis is based on federal data on the number of cars on the road and on traffic speed data collected by INRIX on 1.3 million miles of urban streets and highways. 1. Washington, D.C.-...

  • Rio de Janeiro city council votes to ban Uber Tuesday, 25 Aug 2015 | 6:44 PM ET

    RIO DE JANEIRO, Aug 25- Rio de Janeiro on Tuesday became the latest city to move against Uber as its city council voted to ban unregulated ride-sharing services. In a statement, San Francisco- based Uber Technologies Inc said it would continue to operate normally in the city and that the vote was one against technology and the right of citizens to choose how they get...

  • The City Council voted 9-6 to affirm an Airport Commission permit process that would make LAX the largest airport in the country to grant ride-hailing firms the same access as taxis, shuttles and limousines. The Airport Commission approved the pickup plan last month but the City Council asserted its authority and placed the process on hold while it looked...

  • Morgan Securities analyst in California pleaded not guilty Tuesday to taking part in insider trading that prosecutors say netted more than $600,000. Ashish Aggarwal, 27, of San Francisco, and two Los Angeles friends entered not guilty pleas in federal court. A federal grand jury in Los Angeles indicted each of them on 30 counts of conspiracy, securities fraud,...

  • Airbnb to start collecting taxes in Paris Tuesday, 25 Aug 2015 | 3:23 PM ET

    Aug 25- Online home-rental marketplace Airbnb Inc said on Tuesday it would begin collecting and remitting tourist taxes from guests on behalf of rental apartments in Paris. Airbnb, whose most popular city is Paris with more than 50,000 listings, said it would collect 0.83 euro per person per night for reservations made in Paris on or after Oct. 1.

  • LOS ANGELES, Aug 25- A former analyst with J.P. Morgan Securities and two longtime friends who prosecutors say made more than $600,000 by trading on inside information have been indicted on federal charges, prosecutors said on Tuesday. Ashish Aggarwal, 27, Shahriyar Bolandian, 26, and Kevan Sadigh, 28, were each charged in the indictment, which was handed down in...

  • WASHINGTON, Aug 25- A former analyst with J.P. Morgan Securities and two longtime friends have been charged with an insider trading scheme from which they are alleged to have made more than $600,000 in illegal profits, U.S. authorities said on Tuesday. Ashish Aggarwal, 27, of San Francisco; Shahriyar Bolandian, 26, of Los Angeles; and Kevan Sadigh, 28, of Los Angeles,...

  • Uber to work with UofA on mapping, self-driving cars Tuesday, 25 Aug 2015 | 1:50 PM ET

    TUCSON, Ariz.— Uber is partnering with the University of Arizona to develop mapping technology as the ride-hailing company expands its research of driverless car technology. The partnership announced Tuesday between the San Francisco- based company and the university includes a $25,000 grant to UofA's College of Optical Sciences. "I think the College of...

  • St. Louis' governing board advances minimum-wage boost Tuesday, 25 Aug 2015 | 12:38 PM ET

    ST. LOUIS— St. Louis' governing board on Tuesday advanced a compromise measure that would ease the city's minimum wage up to $11 by 2018.. The St. Louis Board of Aldermen had begun its special meeting by considering a plan that would have boosted the local minimum wage to $13 by 2020. But the board, by a 15-6 vote, eventually signed off on the more modest plan— after hours...

  • Just Mayo maker warned by FDA that 'mayo' needs eggs Tuesday, 25 Aug 2015 | 12:26 PM ET

    The FDA notes that mayonnaise must contain eggs, according to its standard of identity— and that Just Mayo does not. Hampton Creek CEO Josh Tetrick said Tuesday he had a "really good conversation" with the agency earlier in the day and that he believes it is open to "sitting down and seeing if there's common ground." The letter comes after Hampton Creek was sued last...

  • Tech startups want to change the way you drive Tuesday, 25 Aug 2015 | 11:00 AM ET

    SAN FRANCISCO— A veteran computer scientist hates sitting in his car at stop lights, so he creates software that makes the experience less annoying. A former engineering professor wants to double the range of today's electric vehicles. Entrepreneur and computer scientist Matt Ginsberg hates red lights.

  • *New home sales increase 5.4 percent in July. WASHINGTON, Aug 25- New U.S. single-family home sales rebounded in July and consumer confidence increased to a seven-month high in August, pointing to underlying strength in the economy that could still allow the Federal Reserve to raise interest rates this year. New home sales increased 5.4 percent to a seasonally...

  • NEW YORK, Aug 25- U.S. single-family home prices rose a tad faster from a year ago in June, suggesting resilience in the housing sector as the Federal Reserve has stuck to a near-zero interest rate policy, a closely watched survey said on Tuesday. Denver, San Francisco, and Dallas again experienced the biggest year-over-year home appreciation among the 20 cities...

  • US home prices rise steadily in June as sales pick up Tuesday, 25 Aug 2015 | 9:06 AM ET

    Prices rose 10.2 percent in Denver, 9.5 percent in San Francisco and 8.2 percent in Dallas. Chicago posted the smallest gain, just 1.4 percent. The National Association of Realtors said last week that sales of existing homes rose 2 percent in July to a seasonally adjusted annual rate of 5.59 million, the fastest pace since February 2007.