Top News & Analysis San Francisco

  • Oct 18- Johnson& Johnson said on Friday it is recalling around 33,000 bottles of baby powder in the United States after U.S. health regulators found trace amounts of asbestos in samples taken from a bottle purchased online. J&J shares fell more than 6% to close at $127.70. Susan Nicholson, head of Womens Health in the company's medical safety organization, called...

  • BEIJING, Oct 18- Apple Inc Chief Executive Tim Cook met the chief of China's market regulator in Beijing on Thursday, the Chinese agency said, a week after the U.S. firm was thrust into political tensions between the mainland and protesters in Hong Kong. China's State Administration for Market Regulation said in a statement on its website that its chief, Xiao...

  • The plan, filed with the U.S. Bankruptcy Court in San Francisco over PG&E's wishes, proposes the noteholders buy $15.5 billion in new shares, giving them 59.3% of equity. This month, U.S. bankruptcy Judge Dennis Montali issued an order allowing the noteholders and wildfire victims committee to file a reorganization plan for PG&E after the noteholders offered to...

  • The plan, filed with the U.S. Bankruptcy Court in San Francisco over PG&E's wishes, proposes the noteholders buy $15.5 billion in new shares, giving them 59.3% of equity. This month, U.S. bankruptcy Judge Dennis Montali issued an order allowing the noteholders and wildfire victims committee to file a reorganization plan for PG&E after the noteholders offered to...

  • SAN FRANCISCO, Oct 17- Noteholders of PG&E Corp and a committee for victims of the wildfires that pushed the power producer into bankruptcy filed a formal reorganization plan on Thursday for the company, proposing they get effectively all of its new shares. The plan filed with the U.S. Bankruptcy Court in San Francisco, over PG&E's wishes, proposes the...

  • WASHINGTON, Oct 17- The U.S. National Transportation Safety Board will hold a Nov. 19 hearing to determine the probable cause of a March 2018 Uber Technologies Inc self-driving vehicle crash that killed a pedestrian in Arizona. Elaine Herzberg, 49, was walking her bicycle outside the crosswalk on a four-lane road when she was struck by the Uber vehicle traveling...

  • On Tuesday, Bank of America reported better-than-expected quarterly results, helped by loan growth, higher equities trading revenue and bigger fees from dealmaking and wealth management. That metric had been positive at Bank of America for eighteen straight quarters, until the most recent one. Bank of America also opened a new Paris office, hired more...

  • *Drug violence has scarred Mexico, rattled companies. *Cautious approach crimps Mexico startup scene. *Mexico received $175 million venture capital in 2018.

  • Oct 15- Flames engulfed two ethanol holding tanks on Tuesday at a NuStar Energy petrochemical storage facility near San Francisco, prompting health authorities to urge residents of two adjacent towns to remain indoors for much of the day while crews battled to subdue the blaze. No injuries were reported from the fire, which began shortly before 2 p.m. and spread...

  • NEW YORK/ SAN FRANCISCO/ BERLIN, Oct 15- Alphabet Inc's Google unveiled new Pixel smartphones with higher quality cameras, a radar sensor to track hand gestures and faster virtual assistant on Tuesday, but the devices had no surprise features to set them apart from rivals and nix concerns about price. The Pixel 4 phones, in two sizes, headlined a New York press event...

  • NEW YORK/ SAN FRANCISCO/ BERLIN, Oct 15- Alphabet Inc's Google unveiled new Pixel smartphones with higher quality cameras, a radar sensor and faster virtual assistant on Tuesday, but failed to provide enough to set the devices apart from rivals and nix concerns about price. The Pixel 4 phones, in two sizes, headlined a New York press event at which Google also...

  • The San Francisco- based lender last month appointed Charles Scharf, a one-time Jamie Dimon protégé known on Wall Street as a detail-oriented number cruncher who excels in streamlining operations, as its new top boss. Mortgage income fell 45%, even as U.S. refinancing activity more than doubled from a year ago, according to data released by the Mortgage...

  • Net income applicable to common stock fell to $4.04 billion, or 92 cents per share, in the third quarter ended Sept. 30, from $5.45 billion, or $1.13 per share, a year earlier. Analysts had expected a profit of $1.15 per share, according to IBES data from Refinitiv, but it was not immediately clear if the numbers were comparable. The San Francisco- based lender last month...

  • PARIS, Oct 15- French investment firm Wendel said on Tuesday that it had signed an agreement to acquire the U.S. company Crisis Prevention Institute from San Francisco- based FFL Partners in a deal worth $910 million on an enterprise value basis. Wendel added it would invest up to about $590 million as part of the deal to own Crisis Prevention Institute.

  • *Libra Association selects board at first meeting. "It is a correction; it's not a setback," said Dante Disparte, head of policy and communications for the Libra Association, whose 21 remaining members held their inaugural meeting in Geneva. Libra lost its last global payments backers on Friday, when Mastercard Inc and Visa Inc abandoned the Geneva- based Libra...

  • NEW YORK, Oct 14- Profit reports from big manufacturers and other industrial firms arriving this week will provide investors with a crucial corporate gauge of the U.S. economy's health and the fallout from trade tensions between Washington and Beijing. Industrial companies also are among those most at risk from the lingering trade dispute between the United...

  • *Libra Association that is overseeing project is due to meet. Libra lost its last global payments backers on Friday, when Mastercard Inc and Visa Inc abandoned the Geneva- based Libra Association. The latest withdrawals followed the departure of PayPal Holdings Inc from the Libra Association earlier this month.

  • Oct 12- Lyft Inc, following its rival Uber's move, has sued New York City seeking to nullify a new rule limiting the time its drivers are allowed to spend cruising in Manhattan without passengers, the company said on Saturday. The "cruising cap" rule, implemented by the city's Taxi and Limousine Commission, sets a 31% limit on how much time drivers of app-based...

  • Oct 12- Lyft Inc, following its rival Uber's move, has sued New York City seeking to nullify a new rule limiting the time its drivers are allowed to spend cruising in Manhattan without passengers, the company said on Saturday. The "cruising cap" rule, implemented by the city's Taxi and Limousine Commission, sets a 31% limit on how much time drivers of app-based...

  • Oct 11- PG&E Corp rejected a $2.5 billion offer from San Francisco to buy the bankrupt Californian company's power lines and other infrastructure within the city, citing the offer was inadequate. San Francisco's offer significantly undervalued its assets and a deal wouldn't be in the best interest of its customers, PG&E Chief Executive Officer Bill Johnson...