Top News & Analysis San Francisco

  • Twilio's strong debut, which valued the company at as much as $2.12 billion, coincided with a rally in global stock markets on indications that most Britons would vote on Thursday to remain in the European Union. The stock rose to a high of $25.84 in morning trading on the New York Stock Exchange. The 10- million share offering was priced at $15 each, above the...

  • NEW YORK, June 22- San Francisco is to have a second chance to vote on whether to tax soda after city officials this week added the measure to a November ballot that could expand the hotly-debated levy deeper into the Bay Area. A vote in favor of a San Francisco soda tax could add further strength to national moves to deter consumption of the sugary drinks, which have...

  • Twilio's strong debut, which valued the company at as much as $2.10 billion, coincided with a rally in global stock markets on indications that most Britons would vote on Thursday to remain in the European Union. The 10- million share offering was priced at $15 each, above the expected range of $12- $14. Up to Tuesday, the U.S. technology IPO market had raised just $322...

  • NEW YORK, June 22- San Francisco is to have a second chance to vote on whether to tax soda after city officials this week added the measure to a November ballot that could expand the hotly-debated levy deeper into the Bay Area. A vote in favor of a San Francisco soda tax could add further strength to national moves to deter consumption of the sugary drinks, which have...

  • June 22- Communications software provider Twilio Inc on Wednesday defied stock market volatility prompted by Britain's referendum on European Union membership by raising $150 million, a higher amount than it had originally targeted. San Francisco- based Twilio priced $10 million shares on Wednesday at $15, above its previously indicated $12- $14 range,...

  • June 22- Okta Inc, a U.S. cloud identity management company valued at $1.2 billion in its latest private fundraising round, has hired Goldman Sachs Group to lead an initial public offering or outright sale, people familiar with the matter said. However, the San Francisco- based company has also held talks with technology peers about being acquired, and could pursue...

  • NEW YORK, June 22- San Francisco is to have a second chance to vote on whether to tax soda after city officials this week added the measure to a November ballot that could expand the hotly-debated levy deeper into the Bay Area. A vote in favor of a San Francisco soda tax could add further strength to national moves to deter consumption of the sugary drinks, which have...

  • WASHINGTON, June 22- President Barack Obama will head to Silicon Valley on Friday to a summit aimed at connecting about 1,200 entrepreneurs from 170 countries with the biggest and brightest players in the U.S. tech sector and venture capital community. When he took office, Obama worked to extract U.S. troops from long and costly conflicts in Iraq and Afghanistan.

  • June 22- Last fall, Jessica Mah, the founder and chief executive of San Francisco- based inDinero, was deluged with calls from investors wanting to know when the accounting software maker would go public. This year 39 companies have gone public so far, down more than 60 percent from the same period last year, according to data from Renaissance Capital, a manager of...

  • Soaring going up

    SolarCity soared more than 8 percent on Wednesday after Tesla Motors made a $2.8 billion offer to buy the clean energy provider.

  • June 22- Okta Inc, a U.S. cloud identity management company valued at $1.2 billion in its latest private fundraising round, has hired Goldman Sachs Group to lead an initial public offering or outright sale, people familiar with the matter said. However, the San Francisco- based company has also held talks with technology peers about being acquired, and could pursue...

  • June 22- Communications software provider Twilio Inc is expected to price its $140 million U.S. initial public offering on Wednesday, a rare technology stock market debut, one day before Britain holds a referendum on its European Union membership. Twilio's software is used by large companies such as car-hailing service Uber to allow drivers to speak and text...

  • SAN FRANCISCO, June 21- Moscow on Tuesday signed an agreement with Los Angeles- based company Hyperloop One to explore building a futuristic, high-speed transportation system known as a Hyperloop in the Russian capital. Hyperloop One Chief Executive Officer Rob Lloyd said it is unclear how much it will cost to build a Hyperloop in Moscow, and the system would not...

  • WASHINGTON, June 21- The Federal Reserve's ability to raise interest rates this year may hinge on a rebound in hiring that would convince policymakers the U.S. economy is not faltering, Fed Chair Janet Yellen told lawmakers on Tuesday. In testimony before Congress that expressed general optimism about the economy and played down the risk of a recession, Yellen...

  • WASHINGTON, June 21- The Federal Reserve's ability to raise interest rates this year may hinge on a rebound in hiring that would convince policymakers the U.S. economy isn't faltering, Fed Chair Janet Yellen told lawmakers on Tuesday. In testimony before Congress that expressed general optimism about the economy and played down the risk of a recession, Yellen...

  • Trader Joe's also agreed to enter a consent decree and pay a $500,000 civil fine to resolve claims it violated the Clean Air Act, the U.S. Department of Justice and Environmental Protection Agency said on Tuesday. They also said Costco Wholesale Corp and Safeway Inc previously settled cases over refrigerants, but that Trader Joe's accord is the EPA's first...

  • June 21- Netherlands- based telecom company Altice NV may not be done seeking U.S. growth through acquisitions, an Altice executive said, after the European group completed a $17.7 billion deal to buy Cablevision Systems Corp on Tuesday. The U.S. strategy is the latest push for Altice founder and controlling shareholder Patrick Drahi, a French-Israeli...

  • AUSTIN, Texas, June 21- About a half dozen ride-hailing firms have rushed into Texas tech hub Austin after market leaders Uber and Lyft left the city last month in a huff over municipal requirements that they fingerprint drivers. Several other U.S. cities and states, from Atlanta to Chicago to the state of California, are considering requiring ride-hailing...

  • WASHINGTON/ SAN FRANCISCO, June 21- The U.S. Federal Reserve's dwindling confidence in its own outlook and resulting confusion among investors are creating a policy problem that may require chief Janet Yellen to lay out her own views more forcefully. She used the term again in her prepared remarks to Congress Tuesday, in which she reiterated her view that a "...

  • Altice acquired U.S. regional cable company Suddenlink Communications for $9.1 billion last year, its first foray into the United States, which is now one of its largest markets making up of 40 percent of the international cable group's business. The U.S. strategy is the latest push for Altice founder and controlling shareholder Patrick Drahi, a...