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  • Uber driver picking up customer

    Even on a good day, traffic between San Francisco and Santa Clara is bad, but Super Bowl week has made it apocalyptically horrible.

  • EPS 19 cents vs est. To counter slowing sales growth, the company has been investing heavily to expand its reach and recently added Philadelphia, Washington D.C. and San Francisco to its network, which is present in more than 1,000 U.S. cities. "There is more competition in the space but their performance seems to suggest it's not materially negatively affecting...

  • The company has been investing heavily to expand its reach and recently added Philadelphia, Washington D.C. and San Francisco to its network, which is present in 900 U.S. cities. The company forecast first-quarter revenue of $109 million- $112 million. The company's net income rose to $11.3 million in the fourth quarter ended Dec. 31, from $10.8 million a year...

  • NEW YORK/ LOS ANGELES, Feb 3- Viacom's board appears poised to replace Sumner Redstone as chairman on Thursday, after the aging mogul stepped down from his executive role at the top of CBS, but it was not apparent who would get his job at Viacom as Redstone's daughter made clear she did not want CEO Philippe Dauman to succeed her father. Redstone, 92 and in poor health,...

  • Sandeep Mathrani, chief executive of Chicago- based General Growth Properties Inc, which owns and leases retail mall properties, said on his company's earnings call with analysts on Tuesday that Amazon had plans to open "300 to 400 bookstores." Kevin Berry, the vice president of investor relations at General Growth, declined to elaborate further.

  • NEW YORK, Feb 3- Viacom's board appears poised to replace Sumner Redstone as chairman on Thursday, after the aging mogul stepped down from his executive role at the top of CBS, but it was not clear who would get his job at Viacom as Redstone's daughter made clear she did not want CEO Philippe Dauman to succeed her father. Redstone, 92 and in poor health, unexpectedly...

  • Feb 3- Cisco Systems Inc said on Wednesday it was buying Jasper Technologies Inc, a startup that connects devices like cars and medical devices to the Internet, for $1.4 billion in cash and equity awards, its largest acquisition since 2013.. Rob Salvagno, Cisco's vice president of corporate development, said in an interview that the Internet of Things has been a...

  • Sandeep Mathrani, the chief executive of Chicago- based General Growth Properties Inc, which owns and leases retail mall properties, said on his company's earnings call with analysts on Tuesday that Amazon had plans to open "300 to 400 bookstores." Amazon opened a bookstore in its home city of Seattle in November. Amazon's bookstore in Seattle carries books...

  • Attorney Preet Bharara's office, was among a series of cases against banks following the financial crisis stemming from mortgages insured through a program by the Federal Housing Administration. Wells Fargo said the settlement was reached on Feb. 1 and would also resolve claims by the U.S. Attorney's Office in San Francisco and the U.S. Department of Housing...

  • Oru Bay Kayak

    Oru Kayak's Roberto Gutierrez pitches the start-up to a panel of experts on CNBC.

  • SAN FRANCISCO, Feb 3- Venture capital firm Index Ventures has raised $1.25 billion to invest in technology startups, in another sign that neither stock market turmoil nor unease in the late-stage investing market has slowed venture fundraising. In addition, Index Ventures disclosed it raised late last year a $700 million fund that will be dedicated to...

  • The announcement is the strongest sign yet that the board and Chief Executive Marissa Mayer may be willing to sell the struggling Internet business- essentially websites, email and online search- under growing pressure from impatient shareholders. "We believe the strategic plan does not fully address the core issues which have destroyed shareholder value-...

  • Amazon dipped its toe into the waters of brick-and-mortar stores with the opening of a bookstore in its home city of Seattle in November. "You've got Amazon opening brick-and-mortar bookstores and their goal is to open, as I understand, 300 to 400 bookstores," Sandeep Mathrani, chief executive of General Growth Properties Inc, said on Tuesday, responding to an...

  • Such an expansion, which Amazon itself has not confirmed, would position the world's No. 1 online retailer as a competitor to booksellers such as Barnes& Noble Inc. At present, Amazon operates a single bookstore in its home city, Seattle. Amazon recently opened its first bookstore in Seattle's University Village, where visitors can also test-drive Amazon's...

  • Feb 2- Yahoo Inc, under growing pressure from impatient investors, said on Tuesday it would consider "strategic alternatives" for its core Internet business and cut about 15 percent of its workforce, even as it continues with its plan to revamp the business and spin it off. The announcement is the strongest sign yet that Chief Executive Marissa Mayer may be willing...

  • Traffic acquisition costs, the amount Yahoo spends to attract users to its websites, rose to $271 million in the fourth quarter ended Dec. 31, from $74 million a year earlier. Yahoo's revenue- after deducting fees paid to partner websites- fell to $1.00 billion from $1.18 billion. The company reported a loss of $4.43 billion, or $4.70 per share, in the quarter, compared...

  • Yahoo's revenue- after deducting fees paid to partner websites- fell to $1.00 billion in the fourth quarter ended Dec. 31 from $1.18 billion a year earlier. Yahoo reported a loss of $4.43 billion, or $4.70 per share, in the quarter compared with a net income of $166.3 million, or 17 cents per share, a year earlier. Chief Executive Marissa Mayer, who joined Yahoo in 2012...

  • Tuesday's decision by Judge Richard Posner of the 7th U.S. Circuit Court of Appeals highlights the hurdles that passengers can face in holding carriers liable for travel snags, including when foreign laws or code-sharing arrangements are involved. In the first case, the appeals court said Deutsche Lufthansa AG owed nothing to a California man who arrived in...

  • With markets in turmoil and talk of further Chinese currency devaluation intensifying, expectations for U.S. rate hikes this year have all but evaporated and central banks from Europe to Canada and Australia are preparing the ground for more easing. "The biggest risk for the world economy at this point is an aggressive policy of devaluation in China," said the...

  • With markets in turmoil and talk of further Chinese currency devaluation intensifying, expectations for U.S. rate hikes this year have all but evaporated and central banks from Europe to Canada and Australia are preparing the ground for more easing. "The biggest risk for the world economy at this point is an aggressive policy of devaluation in China," said the...