Top News & Analysis San Francisco

  • SAN FRANCISCO— Facebook CEO Mark Zuckerberg has a goal that's even more ambitious than connecting the entire world to the internet: He and his wife want to help eradicate all disease by the end of this century. Zuckerberg and Priscilla Chan are committing $3 billion over the next 10 years to accelerate basic scientific research, including the creation of...

  • The Natural Resources Defense Council concluded that the TVs made by Samsung, LG Electronics and Vizio saddle households with an extra $120 million in electricity bills each year and generate tons of additional pollution. The added expense works out to about $10 to $20 per household annually over the anticipated decade-long life of the typical widescreen...

  • Sept 21- Viacom Inc' s board plans to look both internally and externally for a new chief executive to replace interim CEO Tom Dooley, a source familiar with the situation told Reuters on Wednesday. The board's selection could indicate the company's strategy following the resolution of a power struggle between controlling shareholder Sumner Redstone and the...

  • SAN FRANCISCO— The popular navigation app Waze is putting a new twist on the phrase "tunnel vision." The beacons will be turned on Wednesday in two Pittsburgh tunnels, Fort Pitt and Liberty, and another in Israel, where Waze was founded before Google bought it in 2013 for $969 million. Plans already are being drawn up to install the Waze beacons in tunnels in Rio de...

  • FRANKFURT, Germany— A German court says it has added staff and storage space to handle a flood of 1,400 investor lawsuits against Volkswagen seeking damages worth 8.2 billion euros. Lawyers have said the courts may eventually find that investors had one year to file suit after the EPA announcement; the anniversary fell on a Sunday, leaving Monday as the possible...

  • WASHINGTON— Facing bipartisan outrage from a Senate panel over accusations of employee misconduct, Well Fargo CEO John Stumpf appeared taken aback by the intensity of the verbal lashing. Debit cards were issued and activated, as well as PINs created, without customers knowing, U.S. and California regulators said as they fined San Francisco- based Wells Fargo a...

  • NEW YORK— Google wants to add a middleman to your mobile chats— a personal virtual assistant who's not shy about interjecting itself into the conversation. The new Allo app promises to be "smart," sort of. Its Google Assistant will butt in with restaurant recommendations when someone types, "Want to get sushi?"

  • Sept 20- Tesla Motors Inc has rolled out a security patch for its electric cars after Chinese security researchers uncovered vulnerabilities they said allowed them to remotely attack a Tesla Model S sedan. The automaker said that it had patched the bugs in a statement to Reuters on Tuesday, a day after cyber-security researchers with China' a Tencent Holdings...

  • Sept 20- Wells Fargo& Co customers aiming to sue the bank over bogus accounts opened in their names may be in for an unpleasant surprise: the fine print requires them to take their claims to an arbitrator instead of a court. U.S. senators highlighted the issue on Tuesday as they grilled Wells Fargo Chief Executive Officer John Stumpf during a hearing.

  • That offer was jointly announced with officials at the U.S. Consumer Product Safety Commission after Samsung was criticized for not coordinating more closely with the commission. They cited reports of Note 7 batteries overheating in the United States, including 26 instances where individuals were burned and 55 that caused property damage.

  • Sept 20- U.S. Senate lawmakers excoriated Wells Fargo& Co's chief on Tuesday for his oversight of the bank as it opened 2 million bogus customer accounts, potentially laying the groundwork for new rules and reviving questions of whether banks are "too big to fail." Chief Executive Officer John Stumpf told the Senate Banking Committee on Tuesday that customers who...

  • Sept 20- Wells Fargo& Co's chief executive officer told a Senate panel on Tuesday that customers who had bogus accounts opened in their name will be made whole and compensated for any damage to their credit rating, but some Democratic senators called for his resignation. Under fire, CEO John Stumpf told the Senate Banking Committee he has told his managers to do "...

  • WASHINGTON— The Latest on the testimony of Wells Fargo's CEO before the Senate Banking Committee:. Regulators fined San Francisco- based Wells Fargo $185 million earlier this month, saying employees had opened the millions of accounts to meet aggressive sales targets. The Massachusetts Democrat, one of the fiercest critics of Wall Street, challenged John...

  • WASHINGTON— Homebuilders pulled back on construction in the South, causing the pace of August housing starts nationwide to fall to their lowest level in three months. In August, ground breakings dropped 5.8 percent to a seasonally adjusted annual rate of 1.14 million from 1.21 million in July, the Commerce Department said Tuesday. Jennifer Lee, a senior...

  • WASHINGTON— The Commerce Department reports on August U.S. home construction Tuesday at 8:30 a.m. Eastern. SLIGHT PULLBACK: Economists believe housing starts dipped 0.9 percent to a seasonally adjusted annual rate of 1.19 million last month. Starts reached the healthy annual pace of 1.21 million in July, the strongest performance in six months.

  • FRANKFURT, Sept 20- Twilio Inc. isn't a name many consumers will recognise, even though it has recently led a modest revival in the U.S. market for technology initial public offerings by nearly quadrupling in value since its stock market debut in June. The cloud-based communications supplier aims to sustain its lead in a market it pioneered eight years ago, one...

  • FRANKFURT, Sept 20- Twilio Inc. isn't a name many consumers will recognise, even though it has recently led a modest revival in the U.S. market for technology initial public offerings by nearly quadrupling in value since its stock market debut in June. The cloud-based communications supplier aims to sustain its lead in a market it pioneered eight years ago,...

  • WASHINGTON— Congress is defending your right to Yelp. Legislation in Congress would ensure that customers who want to post negative reviews on websites like Yelp or TripAdvisor can do so without legal repercussions. Joe Kennedy, D- Mass. "You look at good reviews and you look at bad reviews and both of those are very important."

  • SEATTLE— Seattle leaders have proposed new rules for retail and food-service businesses with hourly employees, including requiring them to schedule shifts two weeks in advance and compensate workers for some last-minute changes. Seattle was among the first to phase in a $15 hourly minimum wage, mandate sick leave for many companies and offer paid parental...

  • NEW YORK— Wells Fargo CEO John Stumpf plans to apologize to Congress and the American public on Tuesday after allegations that bank employees opened millions of unauthorized accounts to meet aggressive sales targets. The Associated Press obtained a copy of the prepared remarks, in which Stumpf says he is "deeply sorry" the bank failed to fulfill its...