Top News & Analysis California

  • FRANKFURT, July 24- U.S. ride-hailing company Uber is launching a freight platform in Germany, taking on local technology startups in a race to grab a share of Europe's $500 billion trucking market. Germany will be Uber Freight's second market to go live on the continent after the Netherlands, an executive told Reuters, with further expansion in prospect once...

  • FRANKFURT, July 24- U.S. ride-hailing company Uber is launching a freight platform in Germany, taking on local technology startups in a race to grab a share of Europe's $500 billion trucking market. Germany will be Uber Freight's second market to go live on the continent after the Netherlands, an executive told Reuters, with further expansion in prospect once...

  • July 22- The Trump administration said on Monday it will expand and speed up deportations of migrants who enter the United States illegally by stripping away court oversight, enabling officials to remove people in days rather than months or years. Set to be published in the Federal Register on Tuesday, the rule will apply "expedited removal" to the majority of...

  • HONG KONG, July 23- Cryptocurrency entrepreneur Justin Sun has postponed his $4.57 million charity lunch with Warren Buffett due to ill health, according to a tweet from Sun's TRON Foundation. "TRON Foundation announces postponement of Warren Buffett lunch, press conferences after founder Justin Sun falls ill with kidney stones," said a tweet from the...

  • *Unit has offices in Silicon Valley, Seattle, Chicago, Dallas. SANTA CLARA, Calif./ HONG KONG, July 23- China's Huawei Technologies laid off more than two-thirds of the 850- strong workforce at its Futurewei Technologies research arm in the United States, after being blacklisted by the government. Futurewei, which has offices in Silicon Valley and the greater...

  • SANTA CLARA, Calif., July 22- China's Huawei Technologies Co Ltd said it is slashing more than 600 jobs at its Futurewei Technologies research arm in the United States after being placed on a trade blacklist by the U.S. government. Futurewei, which employed 850 people in the United States, began laying off workers on Monday, Reuters reported earlier, citing...

  • July 22- The Trump administration said on Monday it will expand and speed up deportations of migrants who enter the United States illegally by stripping away court oversight, enabling officials to remove people in days rather than months or years. Set to be published in the Federal Register on Tuesday, the rule will apply "expedited removal" to the majority of...

  • NEW YORK, July 22- U.S. stocks gained ground on Monday at the onset of a heavy earnings week, while European shares inched higher as investors took heart from potential progress in U.S.- China trade talks and increasing geopolitical tensions sent oil prices climbing. The South China Morning Post reported U.S. trade negotiators will likely visit China next week...

  • July 22- The U.S. Department of Homeland Security said on Monday it will order more speedy deportations of immigrants who crossed illegally and are caught anywhere in the United States, expanding a program typically applied only along the southern border with Mexico. President Donald Trump has struggled to stem an increase of mostly Central American...

  • LOS ANGELES, July 22- Director James Cameron on Monday handed over the baton for the biggest box-office movie of all time to the makers of "Avengers: Endgame" after it ended the 10- year record of "Avatar." The Marvel Studios superhero movie "Avengers: Endgame" at the weekend overtook the $2.789 billion record set by Cameron's 2009 sci-fi film "Avatar" to bring its global...

  • July 22- Microsoft Corp said on Monday it was investing $1 billion in San Francisco- based OpenAI and that the two had formed a multi-year partnership to develop artificial intelligence supercomputing technologies on Microsoft's Azure cloud computing service. OpenAI was founded in 2015 as a nonprofit with $1 billion in funding from Silicon Valley...

  • Now, it has halted such payments at all 21 company sites after new allegations of improper handling of maintenance records arose at another base in Idaho, Mountain Home Air Force Base, John Henderson, the Air Force assistant secretary for installations, said in a statement to Reuters late on Friday. Balfour Beatty will not receive any management incentive fees,...

  • LOS ANGELES, July 21,- Simba and Mufasa reigned supreme this weekend as Disney's "The Lion King" dominated box office charts. Director Jon Favreau's remake of the animated classic collected a massive $185 million from 4,756 North American theaters during its first three days of release. The film launched in China last weekend and has since earned $98 million,...

  • July 19- A U.S. dollar recovery put most Latin American currencies under pressure on Friday while Brazil's Bovespa stock index led losses in the region's equity markets. Emerging markets have enjoyed a strong run-up this year as expectations of monetary policy easing from central banks to counter the impact of U.S.- China trade war on economic growth,...

  • July 19- Latin American shares were subdued on Friday as losses in Brazil's Bovespa eclipsed gains made by other indices, while currencies in the region were mostly lower against a firm dollar. Heavyweight Sao Paulo- traded stocks led losses, down 0.6% with financials weighing on the benchmark as optimism stoked by Brazil's pension reform vote faded.

  • MEXICO'S PRESIDENT LOPEZ OBRADOR SAYS WILL LOOK FOR AGREEMENT WITH MINING FIRM GRUPO MEXICO, BEFORE SANCTIONING FIRM FOR ACID SPILL IN GULF OF CALIFORNIA.

  • LOS ANGELES, July 19- Americas biggest solar power developers are stockpiling panels to lock in a 30% federal tax credit set to start phasing out next year, a strategy that could backfire if projects do not materialize or panel prices slide substantially. North Carolina- based Duke, for example, plans to claim the maximum credit on as much as 2 gigawatts worth of...

  • *Hearing on Friday to seek deal on reduced award. FRANKFURT, July 19- Germany's Bayer AG welcomed on Friday a call by a U.S. judge to cut a $2 billion damages award to a Californian couple by a jury which found that its glyphosate-based weed killer had caused their cancer. The company had in June asked Judge Winifred Y. Smith, of California's Alameda County Superior...

  • In a glitzy presentation in Orange County outside Los Angeles, the eighth generation of the 66- year-old "Vette," in red, white, and blue, roared down a runway stopping short before an audience of Corvette enthusiasts, GM executives, dealers and media. With a 495 horsepower, V8 engine and dual clutch, the Corvette will go from zero to 60 mph in under 3 seconds, executives...

  • NEW YORK, July 18- Two influential Federal Reserve officials on Thursday sharpened their public case for acting, quickly if needed, to support the U.S. economy, reviving bets the central bank may deliver a double-barreled interest rate cut this month. John Williams, vice chairman of the Fed's rate-setting committee and head of the regional Fed bank in New York...