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Top News & Analysis San Francisco

  • *One-hour London roadshow impresses investors. LONDON, Feb 20- Snap Inc, owner of popular messaging app Snapchat, kicked off its first investor roadshow on Monday, looking to persuade London money managers to back its initial public offering in the face of concerns about its growth prospects, valuation and corporate governance. The U.S. company, which has yet to...

  • Feb 19- The chief executive of Uber Technologies Inc has ordered an "urgent investigation" into claims of sexual harassment at the ride-hailing service made by a former employee. Chief Executive Travis Kalanick said on Sunday he instructed his chief human resources officer to investigate the accusations described in a blog post by Susan Fowler, who worked as...

  • DETROIT, Feb 20- Traffic jams cost U.S. drivers an average of $1,200 a year in wasted fuel and time, and much more in Los Angeles, the city with the world's biggest rush hour traffic delays, according to a study by INRIX Inc released on Monday. While Thailand was the world's most congested country in 2016, according to the study, the United States had the worst traffic...

  • *Ford's sales in Russia up 10 pct last year, beating rivals. *U.S. rival General Motors quit Russia in 2015. MOSCOW, Feb 19- Ford has become the first major foreign carmaker in Russia to see sales grow after three bad years, potentially vindicating its decision to double down on a notoriously volatile market when rivals decided to cut and run.

  • While the fact that the FBI is investigating had been reported previously by the New York Times and other media, these officials shed new light on both the precise number of inquires and their focus. The FBI's Pittsburgh field office, which runs many cyber security investigations, is trying to identify the people behind breaches of the Democratic National...

  • DETROIT, Feb 17- General Motors Co plans to deploy thousands of self-driving electric cars in test fleets in partnership with ride-sharing affiliate Lyft Inc, beginning in 2018, two sources familiar with the automakers plans said this week. It is expected to be the largest such test of fully autonomous vehicles by any major automaker before 2020, when several...

  • Personetics, which has offices in New York, London and Tel Aviv, creates "chatbots" that can respond to customer questions through popular messaging platforms like Facebook Inc's Messenger. The division was initially allocated $100 million to invest but was given an extra $100 million in July. It has backed more than a dozen companies so far, including automated...

  • Personetics, which has offices in New York, London and Tel Aviv, creates "chatbots" that can respond to customer questions through popular messaging platforms like Facebook Inc's Messenger. The division was initially allocated $100 million to invest but was given an extra $100 million in July. It has backed more than a dozen companies so far, including automated...

  • LONDON, Feb 17- Some of the world's biggest sovereign wealth funds are increasingly striking their own private equity deals rather than relying on external fund managers, in a drive to cut costs and gain more control. But mega-funds such as the Abu Dhabi Investment Authority, Saudi Arabia's Public Investment Fund and Singapore's GIC, are hiring specialists to...

  • Feb 16- Chicago's ethics board voted unanimously to fine Uber Technologies Inc's former strategist, David Plouffe, $90,000 for illegally lobbying in the city. The San Francisco- based company sent a letter to the ethics board objecting to the size of the fine, Chicago officials said in a statement on Thursday after the board's Feb. 15 decision was made public.

  • Feb 16- Snap Inc, owner of the popular messaging app Snapchat, set a lower-than-expected valuation range on Thursday, amid mounting investor concern over its unproven business model, slowing growth and tight founder control. The company, which filed for an initial public offering earlier this month, was widely expected to be valued at between $20 billion and $25...

  • MSCI's All-Country World index hit an intraday record of 444.94, although stocks on Wall Street dipped as the financial sector, down 0.1 percent, snapped a five-session winning streak and energy stocks slumped 1.4 percent. Other data showed improvements in exports from Indonesia and Taiwan, and falling unemployment in Sweden and the Netherlands.

  • The company, which filed for an initial public offering earlier this month, was widely expected to be valued at between $20 billion and $25 billion. However it said on Thursday it was targeting a valuation between $19.5 billion and $22.3 billion, ahead of an investor roadshow due to start on Monday in London. "Snap is already demonstrating decelerating growth...

  • MSCI's All-Country World index hit an intraday record of 444.94, although stocks on Wall Street dipped as the financial sector, down 0.6 percent, lost ground for the first time in six sessions. Other data showed improvements in exports from Indonesia and Taiwan, and falling unemployment in Sweden and the Netherlands. "You have got to think the market is tired and...

  • The company, which filed for an initial public offering earlier this month, was widely expected to be valued at between $20 billion and $25 billion. However it said on Thursday it was targeting a valuation between $19.5 billion and $22.3 billion, ahead of an investor roadshow due to start on Monday in London. "Snap is already demonstrating decelerating growth...

  • The company, which filed for an initial public offering earlier this month, was widely expected to be valued at between $20 billion and $25 billion but fell short by targeting a valuation between $19.5 billion and $22.3 billion ahead of its marketing road show, due to start on Monday in London. "I think that the lower proposed valuation reflects feedback from...

  • BOSTON, Feb 16- The board of Wells Fargo& Co plans to oppose a resolution filed by shareholder activists led by the Sisters of St. Francis of Philadelphia seeking a review of the root causes of the bank's unauthorized accounts scandal, according to a draft document seen by Reuters. A Wells Fargo spokesman, Mark Folk, declined to comment on whether the draft was still...

  • KIEV, Feb 15- Ukraine on Wednesday accused Russian hackers of targeting its power grid, financial system and other infrastructure with a new type of virus that attacks industrial processes, the latest in a series of cyber offensives against the country. Oleksandr Tkachuk, Ukraine's security service chief of staff, said at a press conference that the attacks...

  • Feb 15- President Donald Trump acted well within his authority in issuing his executive order on immigration, Texas Attorney General Ken Paxton told a federal appeals court on Wednesday. Texas is the first state to back Trump in the closely watched litigation. Trump's directive, which he said was necessary to protect the United States from attacks by Islamist...

  • Feb 15- Texas Attorney General Ken Paxton on Wednesday asked a federal appeals court for permission to file legal papers in support of President Donald Trump's travel ban, making Texas the first state to back Trump in closely watched litigation over the ban. District Judge James Robart in Seattle suspended Trump's entire order across the country on Feb. 3 after...