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Top News & Analysis San Francisco

  • Wells Fargo also said on Thursday that the U.S. Securities and Exchange Commission is investigating the bank's sales practices. Wells Fargo in September agreed to pay regulators $185 million in a settlement over the case. The Wall Street Journal had reported on Wednesday that the SEC is probing whether Wells Fargo violated rules around investor disclosures...

  • Mark Rosekind, the head of the National Highway Traffic Safety Administration, told reporters in Detroit he is concerned that not enough is being done to find and fix more than 300,000 older vehicles, mostly made by Honda Motor Co, that have Takata airbags with a 50 percent chance of exploding in a crash. Automakers worldwide are ramping up the industry's...

  • Nov 2- The Securities and Exchange Commission is probing whether Wells Fargo& Co violated rules around investor disclosures and other matters relating to its recent sales tactics scandal, the Wall Street Journal reported on Wednesday. The SEC sent requests to Wells Fargo for documents in recent weeks, following senators' calls in late September for the SEC to...

  • Shares of the company, which also reported lower-than-expected quarterly revenue, plummeted more than 30 percent to $8.93 in extended trading on Wednesday. Fitbit forecast revenue of $725 million to $750 million for the key holiday-shopping quarter, well below analysts' estimates of $985.1 million, according to Thomson Reuters I/B/E/S.

  • Fitbit forecast revenue of $725 million to $750 million for the key holiday-shopping quarter, well below analysts' estimates of $985.1 million, according to Thomson Reuters I/B/E/S. Still, Fitbit's revenue increase of 23.1 percent to $503.8 million in the third quarter ended Sept. 30 missed analysts estimates of $506.9 million. Net income fell to $26.1...

  • SAN FRANCISCO, Nov 2- Bets against shares in Twilio Inc have climbed in recent days, thanks in part to a recent follow-on stock offer that increased the supply of shares available to traders. Twilio's shares were down about 5 percent in afternoon trading on Wednesday, adding to a recent sell-off in the San Francisco software company's stock following a June IPO...

  • Mark Rosekind, the head of the National Highway Traffic Safety Administration, told reporters in Detroit he is concerned that not enough is being done to find and fix more than 300,000 older vehicles, mostly made by Honda Motor Co, that have Takata airbags with a 50 percent chance of exploding in a crash. Automakers worldwide are ramping up the industry's...

  • SAN FRANCISCO/ NEW YORK Nov 1- The long-awaited merger between Gannett Co Inc, the publisher of USA Today, and Tronc Inc, the publisher of the Chicago Tribune and the Los Angeles Times, fell apart on Tuesday after months of talks. Tronc, whose shares closed down more than 12 percent at $10.54, said on Tuesday that a deal was agreed upon in mid-September with Gannett, but...

  • Nov 1- Wall Street sold off on Tuesday, with the S&P 500 closing at the lowest level since July 7, amid growing concern over the impending U.S. presidential election and prospects for higher U.S. interest rates. The tumultuous presidential race between Democrat Hillary Clinton and Republican Donald Trump has appeared to tighten in the past week after news that...

  • The 90- day pilot is a surprise move for Maven and General Motors, which with Lyft- Uber's main competitor in North America- announced a program in March called Express Drive used mostly by Lyft drivers. AFter GM invested $500 million in Lyft in January, the Express Drive program was the first initiative to come out of the partnership. Rachel Holt, Uber's regional...

  • UBER SAYS PARTNERING WITH GM'S MAVEN CAR-SHARING PROGRAM IN SAN FRANCISCO PILOT PROGRAM.

  • Nov 1- Gannett Co Inc, the publisher of USA Today, said it had abandoned plans to buy Tronc Inc, the publisher of the Chicago Tribune and the Los Angeles Times, after determining that the terms of the deal were not acceptable. Most recently, the two parties had agreed to a purchase price of $18.75 per Tronc share, or about $683 million overall, according to sources...

  • Nov 1- Wall Street sold off sharply on Tuesday, with the S&P 500 touching a nearly four-month low, amid growing concern over the impending U.S. presidential election and prospects for higher U.S. interest rates. The tumultuous presidential race between Democrat Hillary Clinton and Republican Donald Trump has appeared to tighten in the past week after news that...

  • WASHINGTON, Nov 1- Two senior U.S. House Republicans on Tuesday asked environmental regulators to answer questions about Volkswagen AG's diesel emissions settlements, including disclosing how the government calculated the penalties imposed on VW to offset excess pollution. In a letter, Representative Fred Upton, who chairs the House Energy and Commerce...

  • *Wall St. dips; European stocks fall for 7th straight day. NEW YORK, Nov 1- Global equity prices and the dollar fell sharply on Tuesday as investors sought safe havens amid mounting uncertainty about next week's U.S. presidential election. "I think that it's a combination of uncertainty over the impact of the election and the uncertainty of what higher interest...

  • Nov 1- Wall Street sold off sharply on Tuesday, with the S&P 500 touching a nearly four-month low, amid growing concern over the impending U.S. presidential election and prospects for higher U.S. interest rates. The tumultuous presidential race between Democrat Hillary Clinton and Republican Donald Trump has appeared to tighten in the past week after news that...

  • TOKYO, Oct 31- Toyota Motor Corp will pilot its new Smart Key Box technology in fleets used by U.S. car-sharing service Getaround next year, stepping up its push to benefit from new mobility services seen by some as a threat to traditional car ownership. The world's biggest automaker confirmed last week that it has invested in San Francisco- based Getaround, adding...

  • Nov 1- The record dealmaking volume for October did not create a ripple effect lifting U.S. stocks as it has in the past- partly because the mergers, albeit large, were few and far between, bankers and analysts said. Though acquisitive corporate bosses generated $329 billion worth of takeovers in October, the biggest month for U.S. "It should be bullish, because it's a...

  • Nov 1- The record dealmaking volume for October did not create a ripple effect lifting U.S. stocks as it has in the past- partly because the mergers, albeit large, were few and far between, bankers and analysts said. Though acquisitive corporate bosses generated $329 billion worth of takeovers in October, the biggest month for U.S. "It should be bullish, because it's a...

  • Oct 31- Thousands of supporters of a Native American tribe and environmental activists fighting construction of an oil pipeline in North Dakota turned to social media on Monday in a bid to confuse police who they believe are using it to track the protesters. More than 4,600 people used Facebook's location tagging feature to "check in" on Monday afternoon at the...