Top News & Analysis California

  • NEW YORK, Oct 19- JPMorgan Chase& Co said on Friday that it was building a new "fintech campus" in Silicon Valley for more than 1,000 employees, as it pushes to keep abreast of changes in digital payments. The division last year bought WePay, a young Silicon Valley- based firm that specializes in connecting payment software with bank networks. Matt Kane, chief executive...

  • NEW YORK, Oct 19- Leading owners of prime U.S. office space are taking a page from the hotel industry to boost profits from coworking's rapid growth and to mitigate some of the risk they assume when signing long-term leases with these flexible workspace providers. Blackstone Group's EQ Office, private equity firm Rubenstein Partners LP and others have turned to "...

  • *Clegg was Britain's deputy PM from 2010 to 2015. LONDON, Oct 19- Facebook Inc has hired former British Deputy Prime Minister Nick Clegg to lead its global affairs and communications team, as the social network deals with a number of scandals related to privacy, fake news and election meddling. The appointment makes Clegg, former leader of Britain's Liberal...

  • WROCLAW, Poland, Oct 19- Wroclaw's hulking Soviet-era public dormitories held little appeal for Odysseas Savvas when he moved to the Polish city from Greece to study business at university. Investors and developers sizing up the potential for new student housing projects in central and eastern Europe believe there will be many more foreign students just...

  • A downed tree rests on a house during the passing of Hurricane Florence in the town of Wilson, North Carolina, U.S. September 14, 2018.

    Insurer American International Group said it expects third-quarter pre-tax catastrophe losses, net of reinsurance, of between $1.5 billion and $1.7 billion.

  • WASHINGTON, Oct 18- Five industry groups representing major internet providers and cable companies filed suit on Thursday seeking to block a Vermont law barring companies that do not abide by net neutrality rules from receiving state contracts. The lawsuit was filed in U.S. District Court in Vermont by groups representing major providers like AT&T Inc,...

  • *European Commission says Italy budget in breach of EU rules. NEW YORK, Oct 18- U.S. stocks fell more than 1 percent on Thursday as the European Commission issued a warning regarding Italy's budget and concerns mounted over the possibility of strained relations between the United States and Saudi Arabia, further denting investors' appetite for risk amid global...

  • The lawsuit was filed in U.S. District Court in Vermont by groups representing major providers like AT&T Inc, Comcast Corp and Verizon Communications Inc and follow a suit from the four groups earlier this month challenging a much broader California law mandating providers abide by net neutrality rules. The groups are also challenging an executive order on...

  • WASHINGTON, Oct 18- Four industry groups representing major internet providers and cable companies filed suit on Thursday seeking to block Vermont's state law barring companies that do not abide by net neutrality rules from receiving state contracts.

  • NEW YORK, Oct 18- Deutsche Bank AG has hired Matthew Upton, an investment banker at Japan's Mizuho Financial Group to focus on software deals, according to a memo published internally at the bank on Thursday. Upton, a managing director based in San Francisco, will report to Mark Keene, Deutsche Bank's global co-head of technology, media and telecom investment...

  • Oct 17- Uber Technologies Inc said on Wednesday it is entering the trailer leasing business. Powerloop, which would rent trailers to carriers, is currently available in Texas, Uber said, adding that it expects to expand the new business to other U.S. regions. San Francisco- based Uber plans to go public next year and could be valued at $120 billion, according to a media...

  • PARIS, Oct 18- Demand in China and India powered a 10.4 percent rise in quarterly sales for France's Pernod Ricard, helping the maker of Absolut vodka and Martell cognac offset slower progress in its main U.S. market. Pernod, the world's second-biggest spirits group behind Britain's Diageo, however cautioned sales growth would moderate in the full 2018-19...

  • Oct 17- Uber Technologies Inc said on Wednesday it is entering the trailer leasing business. Powerloop, which would rent trailers to carriers, is currently available in Texas, Uber said, adding that it expects to expand the new business to other U.S. regions. San Francisco- based Uber plans to go public next year and could be valued at $120 billion, according to a media...

  • Congressman Duncan Hunter (R-CA), leaves federal court in San Diego, California, September 24, 2018

    Indicted California GOP Rep. Duncan D. Hunter's father came out swinging Tuesday against his son's Democratic challenger in a bizarre press conference where he called the Latino Arab-American candidate a "security risk."

  • Business district area of downtown San Jose, California.

    The median U.S. household income is up, but it still "isn't enough to afford a typical home in 25 out of the 50 cities" financial site How Much looked at.

  • NEW YORK, Oct 16- Bank of Montreal has appointed veteran investment banker Susan Wolford as vice-chair of investment and corporate banking and Patrick Kratus as head of technology and businesses services, according to a memo reviewed by Reuters on Tuesday. A representative for BMO Capital Markets, the investment banking arm of Canada's Bank of Montreal,...

  • Oct 16- CSX Corp on Tuesday reported quarterly profit that topped Wall Street's view and raised its full-year revenue forecast, as the No. 3 U.S. railroad operator benefited from ongoing cost-cutting and higher prices for moving freight. Third-quarter net income at CSX almost doubled to $894 million, or $1.05 per share, topping the average estimate of 94 cents,...

  • Oct 16- Netflix Inc hooked 7 million new streaming subscribers from July to September, a third more than Wall Street had expected, reassuring investors who had worried the company was facing a slowdown in its fast-paced growth. The leap in subscribers- and the company's shares- marks a sharp turnaround from three months ago, when investors sent Netflix shares...

  • NEW YORK, Oct 16- Bank of Montreal has appointed veteran investment banker Susan Wolford as vice-chair of investment and corporate banking and Patrick Kratus as head of technology and businesses services, according to a memo reviewed by Reuters on Tuesday. A representative for BMO Capital Markets, the investment banking arm of Canada's Bank of Montreal, could...

  • SAN JOSE, Calif., Oct 16- Softbank Group Chief Operating Officer Marcelo Claure said on Tuesday it is "business at usual" at companies backed by its nearly $100 billion Vision Fund despite a tense situation with Saudi Arabia, which provided nearly half of the fund's capital. Claure spoke at a technology conference in San Jose, California for British chip design firm...