Top News & Analysis San Francisco

  • SAN FRANCISCO, June 30- Software startup Zenefits has cut a highly unusual deal with investors to increase their ownership while slashing the once-hot firm's valuation as it seeks to avoid litigation and mend damage in the wake of revelations of cheating. The deal, a concession to investors in the firm's latest funding round, will boost the investors' combined...

  • SAN FRANCISCO, June 30- A California jury ordered Oracle Corp to pay Hewlett-Packard Enterprise Co $3 billion in damages in a case over HP's Itanium servers, an Oracle spokeswoman said on Thursday. The Itaniuum processor is made by Intel Inc.. In the first phase of trial in 2012, Santa Clara Superior Court Judge James Kleinberg ruled that there had been a contract.

  • SAN FRANCISCO, June 30- A pitched legal battle between ride-hailing rivals Uber and Lyft, involving accusations of hacking and corporate spying, ended with a settlement this week that did not require either company to pay money, according to sources familiar with the agreement. The settlement coincided with news that Lyft was working with investment bank...

  • SAN FRANCISCO/ DETROIT, June 30- Ride services company Lyft Inc is poised to take advantage of a surge of investor interest in the transportation service sector as it closes in on a possible sale of the company or new capital raise, people familiar with the situation said. Venture capitalists and corporate investors have poured nearly $28 billion into the ride...

  • Airbnb

    Airbnb’s reported $30 billion valuation may not hold up if illegal listings in New York and San Francisco are removed, said VC Bradley Tusk.

  • District Judge Edward Chen in San Francisco ordered both sides to submit additional briefs, saying the settlement worth up to $100 million could still be clarified to win his preliminary approval.

  • June 30- Lions Gate Entertainment Corp, the film studio behind the Hunger Games movies, said Thursday it would buy premium television network Starz for $4.4 billion in cash and stock, in a deal that would unite two media companies with ties to cable mogul John Malone. Lionsgate Chief Executive Jon Feltheimer said on a conference call that the deal creates a "global...

  • Newborn baby crying

    The average national cost for a routine vaginal delivery is $8,775, and $11,525 for c-sections.

  • Hertz's deal with Uber will allow drivers in Los Angeles to rent cars from certain off-airport Hertz locations. The deal could be expanded to other areas in the United States, Hertz said. Hertz, which piloted a similar partnership with Lyft in Las Vegas and Denver last year, said it would also rent cars in Los Angeles and San Francisco.

  • Lions Gate will pay $32.70 per share for Starz, representing a premium of nearly 16 percent to Starz's closing price on Wednesday. Shares of Lions Gate were up 8.6 percent in premarket trading. Lions Gate expects the deal to be "highly accretive", it said on Thursday.

  • NEW YORK, June 30- When New York and California became the first states to lift the minimum hourly wage towards $15 earlier this year, New York state adopted a two-speed system that makes it a perfect testing ground for both advocates and opponents of government mandated pay hikes. While California set a state-wide schedule of reaching the $15 level by 2022, New...

  • Lions Gate is planning to pay more than $30 per share in cash and stock for Starz, the person said, adding that a transaction has not been finalized and talks could still fall apart. Lions Gate and Starz could not be reached for comment late Wednesday. Lions Gate and Malone own shares in Starz, while Malone is also a Lions Gate shareholder who sits on its board.

  • High flying home prices

    CNBC's Diana Olick reports on gains in home prices across the U.S.

  • Craigslist founder Craig Newmark volunteers at St. Anthony’s Dining Hall in the Tenderloin neighborhood in San Francisco.

    Craigslist founder Craig Newmark asks more tech companies to help reduce homelessness in San Francisco.

  • From homeless in SF to a job in tech

    Del Seymour founded Code Tenderloin after living on the streets of San Francisco for 12 years. Today he’s partnered with numerous tech companies to provide homeless with jobs, after they go through Code Tenderloin’s training program.

  • WASHINGTON, June 28- The U.S. Supreme Court on Tuesday agreed to decide whether Miami can pursue lawsuits accusing major banks of predatory mortgage lending to black and Hispanic home buyers resulting in loan defaults that drove down city tax revenues and property values. Last September, the Atlanta- based 11th U.S. Circuit Court of Appeals overturned a lower...

  • June 28- Apartment-sharing startup Airbnb is in talks for a new round of funding that would value the company at $30 billion, a source close to the company said on Tuesday. Airbnb, which expects to achieve profitability in 2016, raised over $100 million in a round of funding late last year that valued the company at $25.5 billion. The San Francisco- based startup,...

  • June 28- Lending Club Corp alleged on Tuesday that its founder and former Chief Executive Officer Renaud Laplanche took out loans from the online lender in order to inflate the company's volumes. Laplanche and his family took out the loans from Lending Club in December 2009, just months before the company announced a major capital raising from outside...

  • WASHINGTON, June 28- Volkswagen AG's settlement with nearly 500,000 U.S. customers and government regulators over polluting diesel vehicles is valued at more than $15 billion cash, two sources briefed on the matter said on Monday. The settlement, to be announced on Tuesday in Washington, includes $10.033 billion to offer buybacks to owners of about 475,000...

  • Sumner Redstone

    Viacom's board rejected an offer by Sumner Redstone's attorneys to have one of Viacom's independent directors meet face-to-face with the media mogul.