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Top News & Analysis San Francisco

  • NEW YORK, Oct 7- Charles Schwab Corp on Friday said it was again cutting the fees on five of its exchange-traded funds, slicing expenses just days after a similar move by rival BlackRock Inc.. San Francisco- based Schwab came later to ETFs than its rivals, but has grown its share of the market by offering funds at low cost and cutting fees competitively.

  • NEW YORK, Oct 7- Even with a good salary as a data scientist at a San Francisco technology firm, Yang Guo, 30, knew he couldn't afford a home in the Bay Area, among the priciest U.S. markets. He still wanted to own property in addition to stocks, however, and soon found a way to buy cheap rental houses in faraway cities- and to outsource the associated hassles to HomeUnion, a...

  • SAN FRANCISCO, Oct 7- Global automakers Toyota, BMW and insurer Allianz will license technology from Silicon Valley start-up Nauto, which uses cameras and artificial intelligence systems in cars to understand driver behavior, Nauto said on Friday. The investment by BMWi Ventures, Allianz Ventures and the Toyota Research Institute underscores the auto...

  • WASHINGTON, Oct 5- A Yahoo operation in 2015 to scan the incoming email of its customers for specific information identified by the U.S. government was authorized under a foreign intelligence law, U.S. government officials familiar with the matter said. The revelation rekindled a long-running debate in the United States over the proper balance between...

  • Oct 6- Photo-sharing app Snapchat's parent is working on an initial public offering that could value the company at $25 billion or more, the Wall Street Journal reported, citing several people familiar with the matter. Snap Inc, which operates the app that lets users send videos and messages that disappear in seconds, is looking to sell shares as early as late...

  • Oct 6- Investments in Charles Schwab Corp's "robo adviser" service grew to surpass $10 billion in September, more than double the year-ago level, a spokeswoman said Thursday. The San Francisco- based company previously reported the program's total assets stood at $4.1 billion at the same time in 2015 and at $8.2 billion at the end of the second quarter.

  • SAN FRANCISCO, Oct 6- A U.S. judge expressed skepticism toward a bid by Airbnb to halt a San Francisco law that imposes fines on home rental companies for processing bookings by hosts not registered with the city. The case pits San Francisco leaders against Airbnb and other allies in the tech industry in the midst of a housing crisis in the city.

  • SAN FRANCISCO, Oct 6- A U.S. judge expressed skepticism toward a bid by Airbnb to halt a San Francisco law that imposes fines on home rental companies for processing bookings by hosts not registered with the city. In its lawsuit against San Francisco, Airbnb said it was protected by the federal Communications Decency Act, and cannot be held responsible for...

  • LOUISVILLE, Ky., Oct 5- A replacement model of the fire-prone Samsung Note 7 smartphone began smoking inside a U.S. plane on Wednesday, the family that owns it said, prompting fresh investigations by the Consumer Product Safety Commission and the Federal Aviation Administration. Indiana passenger Brian Green's phone began emitting smoke inside a Southwest...

  • WASHINGTON, Oct 5- A Yahoo operation in 2015 to scan the incoming email of its customers for specific information requested by the U.S. government was authorized under a foreign intelligence law, parts of which will expire next year, two U.S. government officials familiar with the matter said. The revelation rekindled a long-running debate in the United States...

  • Oct 5- BlackRock Inc said it would cut prices on some U.S. iShares exchange-traded funds before a new U.S. Labor Department rule governing retirement products takes effect. "When you have to justify your investment recommendations to, potentially, a judge, overpaying is indefensible," said Dave Nadig, FactSet Research Systems Inc's director of ETFs, who sees the...

  • *Congress has never defined insider trading. WASHINGTON, Oct 5- U.S. Supreme Court justices hearing a closely watched insider trading case indicated on Wednesday they were likely to make it easier for prosecutors to pursue such charges against traders, but questioned where to draw the line. Because Congress never defined what constitutes insider trading,...

  • Wells Fargo is scheduled to report third-quarter results on Oct. 14. On Sept. 8, the San Francisco- based bank reached a $190 million settlement with the U.S. Consumer Financial Protection Bureau, the Office of the Comptroller of the Currency and a Los Angeles prosecutor over accusations that it opened up to 2 million accounts in customers' names without their...

  • Fight for $15, which has organized strikes and protests calling for employers to raise wages, said on Wednesday that it filed the administrative complaints with the U.S. Equal Employment Opportunity Commission against McDonald's USA LLC and individual franchisees in eight states over the last month. Cycei Monae, a McDonald's worker in Flint, Michigan, said a...

  • WASHINGTON, Oct 5- U.S. Supreme Court justices hearing a closely watched insider trading case indicated on Wednesday they could issue a ruling that would make it easier for prosecutors to pursue such charges against hedge fund managers and other traders. The appeal by an Illinois man convicted after making nearly $1.2 million trading on information that came...

  • Fight for $15, which has organized strikes and protests calling for employers to raise wages, said on Wednesday that it filed the administrative complaints with the U.S. Equal Employment Opportunity Commission against McDonald's USA LLC and individual franchisees in eight states over the last month. Cycei Monae, a McDonald's worker in Flint, Michigan, said a...

  • WASHINGTON, Oct 5- U.S. Supreme Court justices hearing a closely watched insider trading case indicated on Wednesday they could issue a ruling that would make it easier for prosecutors to pursue such charges against hedge fund managers and other traders. Several justices, during arguments in the case of Illinois man Bassam Salman, appeared critical of his...

  • *Tropical disease research moves to California from Singapore. Novartis, which employs 120,000 globally, is also relocating its tropical disease research arm from Singapore to California. The Basel- based company is consolidating research oversight within its Swiss headquarters and the Novartis Institutes for Biomedical Research near Boston, now headed...

  • BOSTON, Oct 5- The mutual fund giant Fidelity Investments, founded seven decades ago and run ever since by the Johnson family, has won the trust of tens of millions of investors. A private venture capital arm run on behalf of the Johnsons, F-Prime Capital Partners, competes directly with the stable of Fidelity mutual funds in which the public invests.

  • *Tropical disease research moves to California from Singapore. The Basel- based company is consolidating research oversight within its Swiss headquarters and the Novartis Institutes for Biomedical Research near Boston, now headed by Jay Bradner. Novartis also will shut down its Shanghai biologics group and shift its Institute for Tropical Diseases in...