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Top News & Analysis San Francisco

  • WASHINGTON/ DEARBORN, Mich., May 22- Ford Motor Co on Monday named James Hackett as chief executive officer, responding to investors' unease about the U.S. automaker's stock price and ability to withstand threats from longtime industry rivals and Silicon Valley. Hackett, 62, who overhauled furniture maker Steelcase Inc and then turned around the ailing...

  • A tech inventor said Visa began work on the Apple Pay technology with Apple, MasterCard and American Express, after talks to work with him.

  • CAMARILLO, Calif.— An analyst says the average price of regular-grade gasoline fell half a cent nationally over the past two weeks to $2.40 a gallon. However, industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that gas prices actually rose in several Western and Midwestern cities. The highest average gas price, $3.10 a gallon, was in the San...

  • SAN FRANCISCO— A co-founder of Twitter says he's sorry if the popular social media platform helped put Donald Trump in the White House, as the president has suggested. In an interview with The New York Times, Evan Williams says Twitter's role in Trump's populist rise is "a very bad thing." The 45- year-old Silicon Valley entrepreneur also said the internet is...

  • NEW YORK, May 19- A Virginia man who orchestrated a hoax takeover bid that drove up Fitbit Inc's stock price last November, yet made only about $3,000 for his efforts, has been arrested and charged with fraud, U.S. prosecutors said on Friday. Robert Walter Murray, 24, of Chesapeake, was accused of submitting a sham regulatory filing in which the nonexistent, Shanghai-...

  • CHICAGO/ SAN FRANCISCO, May 19- Wells Fargo& Co is paying a price in the U.S. municipal bond market for the bogus customer accounts scandal that hit the bank last year and led to bans by some cities and states, an analysis of Thomson Reuters data shows. California, along with Massachusetts, Chicago, and Ohio, suspended Wells Fargo last fall from pricing their negotiated...

  • CHICAGO/ SAN FRANCISCO, May 19- Wells Fargo& Co is paying a price in the U.S. municipal bond market for the bogus customer accounts scandal that hit the bank last year and led to bans by some cities and states, an analysis of Thomson Reuters data shows. California, along with Massachusetts, Chicago, and Ohio, suspended Wells Fargo last fall from pricing their negotiated...

  • CHICAGO, May 19- U.S. states collected less personal income tax revenue in April than they did a year earlier, a Reuters analysis shows, and analysts said they believed high earners were shifting income to next year, hoping for tax cuts from the federal government. Removing outliers Louisiana and Oregon, which had big gains due to technical factors, magnified the...

  • NEW YORK, May 19- A Virginia man who orchestrated a hoax takeover bid that drove up Fitbit Inc's stock price last November, yet made only about $3,000 for his efforts, has been arrested and charged with fraud, U.S. prosecutors said on Friday. Robert Walter Murray, 24, of Chesapeake, was accused of submitting a sham regulatory filing in which the nonexistent, Shanghai-...

  • SAN FRANCISCO— U.S. and California regulators approved a fix for more Volkswagen cars caught up in the company's emissions cheating scandal, giving their owners an option to keep the vehicles instead of having the automaker buy them back, regulators announced Friday. The EPA alleged the scheme let the cars spew up to 40 times the allowable limit of nitrogen...

  • SAN FRANCISCO— Uber is threatening to fire a key executive accused of stealing self-driving car technology from a Google spin-off unless he waives his constitutional right against self-incrimination so the ride-hailing service can comply with a court order. The development raises the possibility that Uber may end up dumping Anthony Levandowski, whose...

  • May 19- U.S. stock index futures edged higher on Friday as a sense of calm prevailed over Wall Street in a week that was dominated by political uncertainty surrounding Donald Trump's presidency. Reports later alleged Trump had asked Comey to end an investigation into former National Security Advisor Michael Flynn's ties with Russia. Louis Federal Reserve...

  • May 19- U.S. stock index futures edged higher on Friday as a sense of calm prevailed over Wall Street in a week that was dominated by political uncertainty surrounding Donald Trump's presidency. Reports later alleged Trump had asked Comey to end an investigation into former National Security Advisor Michael Flynn's ties with Russia. Louis Federal Reserve...

  • Uber has threatened to fire an engineer accused by Alphabet's self-driving Waymo unit of stealing confidential documents in a high profile trade secrets case between the two companies, according to a court filing.

  • SAN FRANCISCO, May 18- Uber has threatened to fire an engineer accused by Alphabet's self-driving Waymo unit of stealing confidential documents in a high profile trade secrets case between the two companies, according to a court filing. District Judge William Alsup in San Francisco last week issued an injunction ordering Uber to keep Levandowski away from...

  • SAN FRANCISCO, May 18- Uber will appeal a judge's order rejecting its attempt to arbitrate a high profile trade secrets lawsuit against Alphabet's self-driving Waymo unit, according to a court filing on Thursday. District Judge William Alsup last week ruled that Waymo's lawsuit should not be heard in a private forum, and instead should continue to be litigated...

  • SAN FRANCISCO _ McKesson Corp. on Thursday reported fiscal fourth-quarter net income of $3.59 billion. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $3.04 per share. Five analysts surveyed by Zacks expected $49.78 billion.

  • The San Francisco- based company has struggled to adjust to changes in retail, with more consumers buying online, craving discounts and spending less time at the malls where the company's Gap, Banana Republic and Old Navy stores are. Gap Inc. said in the February-April period, its fiscal first quarter, net income came to $143 million, or 36 cents per share, up from...

  • SAN FRANCISCO _ Salesforce.com Inc. on Thursday reported a fiscal first-quarter loss of $9.2 million, after reporting a profit in the same period a year earlier. Thirteen analysts surveyed by Zacks expected $2.35 billion. For the current quarter ending in August, Salesforce.com expects its per-share earnings to range from 31 cents to 32 cents.

  • May 18- Wall Street rebounded on Thursday from its biggest selloff in more than eight months, with major indexes recovering some of the previous session's steep losses. President tried to interfere with an investigation into former National Security Adviser Michael Flynn's ties with Russia. This whole bull market is all about panic attacks followed by...