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Top News & Analysis San Francisco

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  • Sept 1- A federal appeals court on Tuesday revived three lawsuits in which the City of Miami accused Wells Fargo& Co, Bank of America Corp and Citigroup Inc of predatory mortgage lending to black and Hispanic borrowers. District Judge William Dimitrouleas in Fort Lauderdale, Florida dismissed Miami's lawsuits. "It is clear that the harm the city claims to have...

  • WASHINGTON— The last major piece of President Barack Obama's health care law could raise costs for thrifty consumers as well as large corporations and union members when it takes effect in 2018.. The so-called Cadillac tax was meant to discourage extravagant coverage. Critics say it's a tax on essentials, not luxuries.

  • Google refines logo as it prepares to join Alphabet Tuesday, 1 Sep 2015 | 12:51 PM ET

    SAN FRANCISCO— Google is refining its famous logo as it prepares to become a part of a new holding company called Alphabet. Although this will be the sixth time that Google has changed its logo since Larry Page and Sergey Brin formed the company, this marks the most noticeable redesign since it dropped an exclamation point that appeared after its name until May...

  • 7-Eleven expands deliveries, but Slurpees not included Tuesday, 1 Sep 2015 | 12:26 PM ET

    Customers in Chicago, Los Angeles and parts of New York can order other items from the convenience store chain, including chicken wings, cold medicine and paper towels. Stores in Washington D.C. and Boston will offer delivery in the coming months, the companies said, and more cities are planned. McDonald's, Chipotle and Starbucks are working with delivery company...

  • Sept 1- ValueAct Capital Management LP, the $18 billion activist hedge fund, recorded a 1.6 percent gain in the second quarter of 2015, a "difficult year" for its strategy due to falling oil prices and China's slowdown, according to a letter to its investors. "We took action to position the portfolio for the long term this quarter by selling shares in our high return...

  • SAN FRANCISCO— Judge grants class-action status to case in California against Uber over payment of drivers.

  • Sept 1- Two of America's biggest public pension funds have come together to oppose an amendment of bylaws at Bank of America Corp that would allow Brian Moynihan to continue as both chief executive and chairman of the No. 2 U.S. bank by assets. Calstrs and Calpers together hold less than 1 percent of the total shares outstanding in Bank of America.

  • Yahoo chief Mayer says she's pregnant with twins Tuesday, 1 Sep 2015 | 5:44 AM ET

    SAN FRANCISCO— Yahoo CEO Marissa Mayer is going to give birth to twins while trying to deliver a long-promised turnaround at the struggling Internet company. As she did after having a son nearly three years ago, Mayer plans to take a brief break from her Yahoo job instead of taking full advantage of a company benefit providing 16 weeks of paid leave for mothers.

  • Sept 1- Two of America's biggest public pension funds have come together to oppose an amendment of bylaws at Bank of America Corp that would allow Brian Moynihan to continue as both chief executive and chairman of the No. 2 U.S. bank by assets. Calstrs and Calpers together hold less than 1 percent of the total shares outstanding in Bank of America.

  • SAN FRANCISCO— Microsoft's new Windows 10 system offers more personalization than before, but it also collects more data than people might be used to on PCs, from contacts and appointments to their physical location and even Wi-Fi passwords. The information is used by Cortana, Microsoft's voice-activated digital assistant, and other new features that try to...

  • *S&P 500 posts biggest monthly percentage drop since May 2012. The S&P 500 registered its biggest monthly percentage drop since May 2012 after being pummeled in the past two weeks on concerns about slowing growth in China. "If they move in September, it's going to cast a lot of doubt about where they will stop," said Stephen Massocca, chief investment officer at...

  • Chipotle sued over GMO-free menu claims Monday, 31 Aug 2015 | 5:05 PM ET

    Aug 31- Chipotle Mexican Grill Inc's new GMO-free menu claims have lured diners and boosted the burrito chain's stock price, but it has some consumers crying foul. A California woman has accused the popular chain in a lawsuit of false advertising after it trumpeted on April 27 that it was the first national restaurant company to use only ingredients that are...

  • SAN FRANCISCO— A lengthy investigation into whether Google has been abusing its dominance of Internet search to stifle competition in India is moving into its next phase. The allegations are similar to other accusations of illegal self-promotion in the U.S., Europe and other parts of the world. The Mountain View, California, company is already facing...

  • Aug 31- Wall Street ended lower on Monday and wrapped up its worst month since 2012 after a senior Federal Reserve official heightened fears among investors of a potential U.S. interest hike in September. Fed Vice Chairman Stanley Fischer on Saturday said U.S. inflation would likely rebound as pressure from the dollar fades, allowing the Fed to raise interest...

  • SAN FRANCISCO— Apple is leaning on Cisco Systems' Internet networking expertise in its latest attempt to sell more iPhones and iPads to corporate customers. The alliance announced Monday calls for Cisco to ensure that corporate Internet connections relying on its gear deliver content quickly and securely to iPhones and iPads. Cisco will also help Apple...

  • Aug 31- Wall Street was lower on Monday afternoon as investors worried that the Federal Reserve may start raising interest rates in September, although a rally in oil boosted energy stocks. The market was poised for its worst monthly drop over three years after being pummeled in the past two weeks due to worries about the health of China's economy and the timing...

  • Boston mayor, city councilors seek hefty pay raises Monday, 31 Aug 2015 | 2:22 PM ET

    BOSTON— Boston's mayor and City Council are again looking for pay raises that could make them among the best compensated of comparable cities across the country. Mayor Marty Walsh filed a proposal Monday giving his office a $24,000 raise to $199,000 a year. Not to be outdone, City Council President Bill Linehan proposed to boost pay on the 13- member panel by...

  • SAN FRANCISCO— Google is introducing an application that will connect Android smartwatches with Apple's iPhone, escalating the rivals' battle to strap their technology on people's wrists. Google expects the prices of Android watches compatible with the iPhone to range from $100 to $400. Apple, which has a long history of demanding premium prices for its...

  • Aug 28, Brussels-- The European Commission will launch a study in September of the ride-hailing app Uber in an effort to settle legal disputes that have pitched the U.S. start-up against conventional taxis across Europe, three people familiar with the matter said on Friday. Uber has responded by submitting complaints to the European Commission against German...

  • Twitter sets modest goals to diversity its workforce Friday, 28 Aug 2015 | 5:03 PM ET

    SAN FRANCISCO— Twitter is setting modest goals to diversify its workforce while it fights a proposed class-action lawsuit that says the online messaging service discriminates against its female employees. The San Francisco company also wants women to make up 25 percent of its leadership roles, from 22 percent now, and is promising to hire more blacks and...