Top News & Analysis San Francisco

  • SAN FRANCISCO/ LOS ANGELES, May 5- Sumner Redstone's much-discussed mental status will be dissected in public during a trial set to start on Friday, as an ex-girlfriend tries to convince a Los Angeles judge that the 92- year-old media mogul is incompetent in the culmination of a salacious, months-long legal drama. If the former girlfriend, Manuela Herzer,...

  • PARIS, May 5- Sanofi said it could raise its proposed $9.3 billion deal to buy Medivation if the U.S. cancer drugmaker engaged in talks, threatening to go directly to shareholders to oust the board if not. Sanofi Chief Executive Olivier Brandicourt wrote in a letter to the board of Medivation published on Thursday that the transaction was a priority for the French...

  • FRANKFURT, May 5- A free smartphone app that will pay people to be physically active launches on Wednesday in Britain, with users given digital "sweatcoins" depending on how many steps they take that can be exchanged for rewards or traded like money. Retailers, health insurers and corporate wellness managers are taking notice, according to Oleg Fomenko, one of the...

  • SAN FRANCISCO, May 5- Ford Motor Co is investing $182.2 million in San Francisco- based Pivotal Software, underscoring the pressure carmakers face to boost their technology platforms given the rise of connected and self-driving cars. As part of the deal, Ford and Pivotal will jointly open labs in the United States and Europe where their engineers will work side...

  • May 5- It took years of lawsuits and political battles for California to finally break ground last year on the nation's first bullet train, which aims to connect San Francisco to Los Angeles by 2029.. Companies in Texas, Minnesota and Nevada all plan to tap private cash from investors globally, with help from foreign train makers and governments eager to export...

  • *Sees 2nd- qtr profit of 8- 11 cents vs est 26 cents. Zerella said Fitbit would need to ramp up investments in markets such as China and India as it builds a "global brand." Fitbit's operating costs nearly tripled to $215 million in the first quarter ended April 2, largely due to spending on marketing the $200 Blaze smartwatch and the Alta wristband, the company's first...

  • SAN FRANCISCO, May 4- Two top manufacturing executives are leaving Tesla Motors Inc as the Silicon Valley electric-car maker prepares to launch its first mass-market car, the Model 3, and sharply ramp up production. Tesla's vice president of production, Greg Reichow, has chosen to take a leave of absence for a "well-earned break," a Tesla spokesperson said.

  • DETROIT/ FRANKFURT, May 4- Alphabet Inc's Google and Fiat Chrysler Automobiles NV have agreed to work together to build a fleet of 100 self-driving minivans, marking the first time that a Silicon Valley firm has teamed up with a traditional carmaker to develop an autonomous vehicle. Fiat Chrysler has a net debt pile of 6.6 billion euros and Chief Executive Sergio...

  • McDonald's testing new garlic French fries

    The limited-time offering features fries tossed with garlic, olive oil, parmesan cheese and parsley.

  • DETROIT/ WASHINGTON, May 3- Alphabet Inc's Google unit and Fiat Chrysler Automobiles NV have agreed to work together to build a fleet of 100 self-driving minivans in the most advanced collaboration to date between Silicon Valley and a traditional carmaker, the companies said Tuesday. Google and Fiat Chrysler engineers will work together to fit Google's...

  • May 3- Pfizer Inc has approached U.S. cancer drug maker Medivation Inc to express interest in an acquisition, raising the possibility of a bid rivaling a $9.3 billion offer by Sanofi SA, people familiar with the matter said on Tuesday. Pfizer's approach comes less than a week after Sanofi went public with its $52.50 per share cash offer, complaining that...

  • SAN FRANCISCO, May 3- Company founder and CEO Elon Musk may not mention Tesla Motors Inc's stock price when his electric car company gives its latest financial update on Wednesday, but it will be front and center for investors divided over its seemingly rich valuation. After a rally that ended in April, Tesla's market capitalization is currently about $31...

  • Bay Area residents are ready to move out

    A new survey shows a third of residents in the San Francisco are would leave due to high housing costs and traffic.

  • NEW YORK, May 2- As a debate raged across the internet Monday over whether the mysterious founder of the bitcoin digital currency had finally been identified, executives at a major bitcoin conference in New York had a simple message: we've moved on. "If there is a 100 percent opportunity in the blockchain, bitcoin, or the currency, is only 1 percent of it," said Jerry...

  • May 2- Oaktree Capital Group LLC, the second largest shareholder in Tribune Publishing Co, wants the U.S. newspaper company to explore a sale, people familiar with the matter said on Monday. While Oaktree is not in favor of selling Tribune for the $815 million Gannett Co Inc had offered last month, the New York- based investment firm wants Tribune to actively engage...

  • May 2- Valuations of apartment-sharing startup Airbnb Inc and other promising pre-IPO companies rose in March, according to the latest monthly estimates released by Fidelity Investments. Through mutual funds that include the $100 billion- plus Contrafund, Boston- based Fidelity has become one of the largest investors in companies before they go public.

  • May 2- The U.S. Supreme Court on Monday declined to hear a challenge by business groups to a trendsetting Seattle law that will raise the city's minimum wage to $15 an hour, leaving in place a lower court's decision to uphold the ordinance. The law, which took effect in April 2015, requires businesses in Seattle with more than 500 employees nationwide to raise their...

  • May 2- The U.S. Supreme Court on Monday declined to hear a challenge by business groups to a trendsetting Seattle law that will raise the city's minimum wage to $15 an hour, leaving in place a lower court's decision to uphold the statute. The law, which took effect in April 2015, requires businesses in Seattle with more than 500 employees nationwide to raise their...

  • Titan Pharmaceuticals Inc and privately owned Braeburn Pharmaceuticals have together developed a matchstick-sized implant that analysts expect will be approved next month, despite mixed reviews. The market for the implant could also be much bigger than first envisaged should a bill gaining bipartisan support on Capitol Hill become law.

  • Les Moonves

    CBS's executives are considering how they can gain more control over the broadcaster after Sumner Redstone dies, or if he is declared incompetent.