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Top News & Analysis San Francisco

  • San Francisco- based MuleSoft on Friday closed out its first day on Wall Street with shares trading at $23.80, a 40 percent pop that valued the company at nearly $3 billion, about double the valuation it commanded at its last private financing event in 2015.. The offering of 13 million shares was priced at $17 each on Thursday, above the expected range of $14 to $16.

  • Those were $51 million and $70 million. Bentonville, Arkansas- based Wal-Mart said ModCloth will continue to operate as a stand-alone and complementary brand to its other e-commerce sites, and will bring experience and talent to strengthening the company's fashion business aimed at millennials. ModCloth CEO Matthew Kaness, his executive team and the...

  • SAN FRANCISCO, March 17- Tesla Inc's $1.2 billion share and convertible debt offering on Friday demonstrates once again the unflagging ability by the luxury electric carmaker and its high-profile head, Elon Musk, to tap Wall Street for sorely needed cash. The capital raise removed "an overhang on the stock," in the eyes of investors, wrote analyst Jamie Albertine...

  • Shares of San Francisco- based MuleSoft opened up 43 percent in its Wall Street debut on Friday, valuing the enterprise software company at more than $3 billion, about double the valuation the company commanded at its last private financing event in 2015.. The offering of 13 million shares was priced at $17 each on Thursday, above the expected range of $14 to $16.

  • March 17- British Airways owner IAG said it will launch a new low-cost, long-haul airline with flights from Barcelona to the Americas, in response to rising budget competition on transatlantic routes. IAG's new airline, Level, will start in June with flights from Barcelona to Los Angeles, San Francisco, Buenos Aires and Punta Cana, it said in a statement on Friday.

  • PHILADELPHIA— Less than three months into Philadelphia's new tax on sweetened drinks, the stakes have escalated: Beverage makers say the measure is hurting sales so much they need to cut jobs, while city officials say the moves are a ploy to get the tax struck down. The receipt says the drinks cost $5.99, and the tax adds $3.04. IGA supermarket has hung signs near...

  • March 17- MuleSoft Inc's shares jumped as much as 52.5 percent in their debut on Friday, giving the enterprise software company a market capitalization of about $3.27 billion. MuleSoft's debut is widely considered to be a better barometer of how so-called unicorn technology companies firms worth $1 billion or more fare in the public market, than the Snap Inc...

  • NEW YORK, March 17- U.S. U.S. 30- year and 10- year Treasury yields, which benefit from low inflation since reduced purchasing power erodes their interest payouts, fell about two basis points after preliminary University of Michigan data showing low inflation in early March. "The reason for the rates rally in the aftermath was the 5-10 year inflation print which...

  • March 17- MuleSoft Inc's shares jumped as much as 49.7 percent in their debut, giving the enterprise software company a market capitalization of $3.21 billion. The offering of 13 million shares was priced at $17 each on Thursday- above the expected range of $14- $16- and raised about $221 million. MuleSoft's shares opened at $24.25 and hit a high of $25.45 on the New...

  • *Plans to sell land to China's Genzon for $260 mln- source. LeEco, one of China's most ambitious companies that grew from a Netflix-like video website to a business empire spanning consumer electronics to cars within 13 years, is struggling to support its goals that include beating Elon Musk's Tesla Motors in premium electric vehicle making.

  • SAN FRANCISCO, March 16- A U.S. judge gave final approval on Thursday to a settlement agreement in a class-action lawsuit against Lyft Inc, ending a legal case that challenged the independent contractor status of the ride-hailing service's drivers. District Judge Vince Chhabria in San Francisco gave his final approval to the $27 million settlement, after...

  • NEW YORK, March 16- New York City Mayor Bill de Blasio on Thursday said the city would suffer huge cuts to a wide array of services and capital funding, jeopardizing everything from housing inspections and senior services to transit projects and counter-terrorism efforts, under President Donald Trump's proposed federal budget. "New York City is directly in the...

  • SAN FRANCISCO, March 16- A U.S. judge gave the final approval on Thursday to a settlement agreement in a class-action lawsuit against Lyft, ending a legal case that challenged the independent contractor status of the company's drivers. District Judge Vince Chhabria in San Francisco gave his approval to the $27 million settlement, after granting preliminary...

  • LOS ANGELES, March 16- McDonald's Corp quickly deleted a tweet sent from the company's handle slamming U.S. President Donald Trump on Thursday and said its official Twitter account had been compromised. We took swift action to secure it, and we apologize this tweet was sent through our corporate McDonald's account, "McDonald's spokeswoman Terri Hickey said in a...

  • SAN FRANCISCO, March 16- A lawyer for Uber told a federal judge on Thursday he intended to file a petition to compel arbitration in the Waymo trade secrets theft case, citing an agreement signed by a former Waymo employee who is at the heart of the case. Waymo, the self-driving division of technology giant Alphabet, sued ride services company Uber last month,...

  • LOS ANGELES, March 16- McDonald's Corp quickly deleted a tweet sent from the company's handle slamming U.S. We deleted the tweet, secured our account and are now investigating this, "McDonald's spokeswoman Terri Hickey said in a statement. High-profile Twitter accounts were hijacked on Wednesday to send anti-Nazi messages in Turkish in the midst of a...

  • District Judge Lucy Koh in San Jose, California, said it was unclear that the accord, which provided no money for plaintiffs but up to $2.2 million in fees and expenses for their lawyers, would ensure Google's compliance with federal and state privacy laws. Google, a unit of Mountain View, California- based Alphabet Inc, declined to comment. Michael Sobol, a partner at...

  • District Judge Lucy Koh in San Jose, California, said it was unclear that the accord, which provided no money for plaintiffs but up to $2.2 million in fees and expenses for their lawyers, would ensure Google's compliance with federal and state privacy laws. Google, a unit of Mountain View, California- based Alphabet Inc, declined to comment. Michael Sobol, a partner at...

  • WASHINGTON, March 15- The United States on Wednesday charged two Russian intelligence agents and two hackers with masterminding the 2014 theft of 500 million Yahoo accounts, the first time the U.S. government has criminally charged Russian spies for cyber offences. The Kremlin, which denies Russia tried to influence the U.S. election in any way, said on Thursday...

  • That includes a separate FBI investigation into whether the Russian government hired hackers to interfere with the November election that put President Donald Trump into the Oval Office. In the Yahoo case unsealed Wednesday, the Department of Justice alleged that two Russian intelligence agents hired a pair of hackers to engineer a heist that affected at...