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Top News & Analysis San Francisco

  • "It has been hard for us to keep up, with lots of folks running backup for each other," says Brandon Dudley, vice president of the Chicago- based company that arranges bus charters for events ranging from nights on the town to long-distance trips. In its latest report, the U.S. Centers for Disease Control and Prevention said 35 states had moderate to high levels of flu...

  • SEATTLE, Feb 22- General Electric will put cameras, microphones and sensors on 3,200 street lights in San Diego this year, marking the first large-scale use of "smart city" tools GE says can help monitor traffic and pinpoint crime, but raising potential privacy concerns. San Diego is a test of "internet of things" technology that GE Current provides for commercial...

  • The National Association of Realtors reports on January sales of existing U.S. homes Wednesday at 10 a.m. Eastern. Economists forecast sales will tick up to a seasonally adjusted 5.55 million, up from 5.49 million in December. :Sales of existing homes slipped in December to a seasonally adjusted annual rate of 5.49 million.

  • Feb 21- Shares in U.S. private prison operators CoreCivic Inc and Geo Group, already buoyed by hopes they would profit from a Republican administration, may rise further on immigration curbs and narrow a valuation gap with REIT peers. The U.S. Immigration and Customs Enforcement's detention centers are all outsourced to private operators.

  • SAN FRANCISCO _ ServiceSource International Inc. on Tuesday reported a loss of $8.5 million in its fourth quarter. For the current quarter ending in April, ServiceSource said it expects revenue in the range of $55 million to $58 million. ServiceSource shares have climbed 6.5 percent since the beginning of the year.

  • San Francisco, California

    Buyers with lower household incomes can expect heavy competition for the listings they can afford, NBC News reports.

  • NEW YORK— Wells Fargo's board of directors said it is firing four senior managers as part of its investigation into the bank's sales practices scandal. The board said Tuesday the four are Claudia Anderson, the former community bank chief risk officer, Pamela Conboy, the lead regional president in Arizona, Shelly Freeman, the former regional president in Los...

  • *Q4 adj profit $2.02/ shr vs est $1.96/ shr. Macy's is in the midst of a turnaround engineered by Chairman and Chief Executive Terry Lundgren, closing underperforming stores and separating its real estate assets from its retail business to better monetize its physical stores. The company said on Tuesday it sold its men's clothing store in San Francisco's Union...

  • *Q4 adj profit $2.02/ shr vs est $1.96/ shr. Macy's said on Tuesday it sold its Union Square Men's store building in San Francisco for $250 million. Canadian retailer and Saks Fifth Avenue owner Hudson's Bay Co had made a takeover approach for Macy's, Reuters reported this month.

  • Macy's said on Tuesday it sold its Union Square Men's store building in San Francisco for $250 million. The owner of the Macy's and Bloomingdale's chains said net income attributable to its shareholders fell to $475 million, or $1.54 per share, in the fourth quarter ended Jan. 28, from $544 million, or $1.73 per share, a year earlier. Excluding items, the company...

  • NEW YORK— Yahoo is taking a $350 million hit on its previously announced $4.8 billion sale to Verizon in a concession for security lapses that exposed personal information stored in more than 1 billion Yahoo user accounts. The revised agreement, announced Tuesday, eases investor worries that Verizon Communications Inc. would demand a discount of at least $1...

  • CEO and co-founder of Snapchat Evan Spiegel

    Snap, owner of popular messaging app Snapchat, kicked off its first investor roadshow on Monday.

  • *One-hour London roadshow impresses investors. LONDON, Feb 20- Snap Inc, owner of popular messaging app Snapchat, kicked off its first investor roadshow on Monday, looking to persuade London money managers to back its initial public offering in the face of concerns about its growth prospects, valuation and corporate governance. The U.S. company, which has yet to...

  • *One-hour London roadshow impresses investors. LONDON, Feb 20- Snap Inc, owner of popular messaging app Snapchat, kicked off its first investor roadshow on Monday, looking to persuade London money managers to back its initial public offering in the face of concerns about its growth prospects, valuation and corporate governance. The U.S. company, which has yet to...

  • LONDON— Uber's chief executive ordered an investigation Monday into a sexual-harassment claim made by a female engineer who said her prospects at the company evaporated after she complained about advances from her boss. In a blog post about her year at Uber, Susan Fowler Rigetti said the company's human resources department ignored her complaints because...

  • Feb 19- The chief executive of Uber Technologies Inc has ordered an "urgent investigation" into claims of sexual harassment at the ride-hailing service made by a former employee. Chief Executive Travis Kalanick said on Sunday he instructed his chief human resources officer to investigate the accusations described in a blog post by Susan Fowler, who worked as...

  • Traffic analytics firm Inrix has calculated how much time drivers spend stuck in traffic during peak travel times last year in 1,064 cities in 38 countries worldwide. Source: Inrix Inc., 2016 Global Traffic Scorecard. Does not include cities in Japan or China, where Inrix does not collect its own data.

  • DETROIT— When it comes to getting stuck in traffic on the way to and from work, Los Angeles leads the world. That topped second-place Moscow at 91 hours and third-place New York at 89, according to a traffic scorecard compiled by Inrix, a transportation analytics firm. San Francisco was the fourth-most congested city, while Bogota, Colombia, was fifth, Sao Paulo...

  • DETROIT, Feb 20- Traffic jams cost U.S. drivers an average of $1,200 a year in wasted fuel and time, and much more in Los Angeles, the city with the world's biggest rush hour traffic delays, according to a study by INRIX Inc released on Monday. While Thailand was the world's most congested country in 2016, according to the study, the United States had the worst traffic...

  • *Ford's sales in Russia up 10 pct last year, beating rivals. *U.S. rival General Motors quit Russia in 2015. MOSCOW, Feb 19- Ford has become the first major foreign carmaker in Russia to see sales grow after three bad years, potentially vindicating its decision to double down on a notoriously volatile market when rivals decided to cut and run.