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Top News & Analysis San Francisco

  • *Uber losing money in Southeast Asia. Uber Technologies Inc said on Nov. 12 that a planned deal with a consortium led by SoftBank and Dragoneer Investment Group was moving forward. SoftBank has also been a big investor in Uber's rivals across Asia, including Southeast Asia's Grab, China's DiDi Chuxing, and India's Ola, as it works to achieve founder Masayoshi Son's...

  • DENVER— The Latest on a $8.9 million fine issued by Colorado regulators against Uber's parent company:. Colorado has fined Uber's parent company $8.9 million for allowing employees with serious criminal or motor vehicle offenses to work for the company. The Colorado Public Utilities Commission said Monday that it found that nearly 60 Uber drivers were...

  • The fiscal control board that oversees the Boston- area transit agency has approved a 13- year, $723 million contract to develop and operate a revamped fare collection system. Officials say the contractor, Cubic Corp., has experience designing similar systems for other major transit systems. The fiscal control board that oversees the Boston- area transit...

  • WASHINGTON— Janet Yellen submitted her resignation from the Federal Reserve board to President Donald Trump on Monday, announcing that she will leave when her successor is sworn in as Fed chairman. In a letter to the president, Yellen said she would her "utmost" to ensure a smooth transition to Jerome Powell, who was tapped by Trump on Nov. 2 to become the next Fed...

  • DENVER— Colorado regulators issued an $8.9 million fine against Uber's parent company on Monday for allowing employees with serious criminal or motor vehicle offenses to work for the company as drivers. Within the last year and a half, the commission said it found that nearly 60 Uber drivers were allowed to work in Colorado despite having previous felony...

  • STOCKHOLM/ SAN FRANCISCO, Nov 20- Uber plans to buy up to 24,000 self-driving cars from Volvo, marking the transition of the U.S. firm from an app used to summon a taxi to the owner and operator of a fleet of cars. The non-binding framework deal could offer San Francisco- based Uber a way to overcome setbacks at its autonomous driving division in Silicon Valley's race...

  • Aging population retirement

    CNBC analyzed five "best U.S. cities to retire" lists. These most-mentioned cities represent the best of the best.

  • HELSINKI— Volvo Cars said Monday it will sell tens of thousands of self-driving cars to Uber, which is expanding to become an operator and owner of its own car fleet. Volvo said in a statement that it would provide the San Francisco- based ride-sharing company with its XC90 premium SUVs complete with autonomous driving technologies, from 2019 until 2021.

  • Pedestrians walk past the Uber Technologies headquarters building in San Francisco, California, U.S., on June 21, 2017.

    The move marks a transition of the U.S. firm from an app used to summon a taxi to the owner and operator of a fleet of cars.

  • STOCKHOLM/ SAN FRANCISCO, Nov 20- Uber plans to buy up to 24,000 self-driving cars from Volvo, marking the transition of the U.S. firm from an app used to summon a taxi to the owner and operator of a fleet of cars. The non-binding framework deal could offer San Francisco- based Uber a way to overcome setbacks at its autonomous driving division in Silicon Valley's race...

  • BOSTON— The board overseeing the nation's fifth-largest transit agency has approved a $723 million overhaul of its fare collection system that will phase-out the CharlieCard and allow riders to board trains, trolleys and buses with the tap of a credit card or smartphone. The Massachusetts Bay Transportation Authority awarded a 13- year contract to San...

  • LOS ANGELES— California has published the rules that will govern its legal marijuana economy in 2018, giving businesses and consumers a glimpse into the future. But there are important steps before legal recreational sales kick off on Jan. 1, and even more uncertainties about how the marketplace will function. They form the framework of the new pot economy,...

  • SAN FRANCISCO, Nov 17- Apple Inc has pushed the launch of its HomePod smart speaker to early next year from December, the company said on Friday, missing the holiday shopping season as the market for such devices becomes increasingly competitive. We'll start shipping in the U.S., UK and Australia in early 2018, "an Apple spokeswoman said via email.

  • SAN FRANCISCO— Apple is scrapping its plan to release its new internet-connected speaker in time for the holiday season. The delay announced Friday means Apple's HomePod speaker won't be available in the U.S., U.K. and Australia until early next year. Apple intended to release the $349 HomePod in early December so it could be on holiday shopping lists and compete...

  • Hunt Transport Services Inc said on Friday they will order Tesla Inc's electric semi trucks, boosting the Silicon Valley automaker's effort to expand its reach beyond luxury cars and solar energy systems. Walmart plans to order a total of 15 Tesla trucks, five for the United States and ten for Canada. Separately, J.B. Hunt was the first major U.S. trucking company...

  • NEW YORK— Stitch Fix, an online clothing styling service, had a lackluster first day on the stock market Friday. Customers pay $20 to receive five items and they can ship back whatever they don't like. They're charged for anything they keep, minus the $20 fee.

  • Hunt Transport Services Inc was the first major U.S. trucking company to back Tesla Inc's new "Semi" electric trucks on Friday, saying it had reserved multiple vehicles for use on the U.S. West Coast. Shares of J.B. Hunt were down 1.8 percent while Tesla shares were up 1.7 percent in early trading in New York. In a showy launch on Thursday, Tesla chief Elon Musk said the...

  • In the interim, the heads of consumer lending's four main lines of business will report to Wells Fargo Chief Executive Tim Sloan. The San-Francisco- based bank has been mired in scandal since September last year after government investigators found that employees opened as many as 2 million accounts without customers' knowledge to meet sales targets.

  • HAWTHORNE, Calif., Nov 16- Tesla Inc upstaged its own debut of an electric heavy duty truck on Thursday when a red Roadster pulled out of the big rig's trailer and Chief Executive Elon Musk said the new $200,000 sports car would be the fastest production car ever. "Youll be able to travel from LA to San Francisco, and back, at highway speed without recharging.

  • HAWTHORNE, Calif., Nov 16- Tesla Inc upstaged its own debut of an electric heavy duty truck when a red Roadster pulled out of the big rig's trailer and Chief Executive Elon Musk said the new $200,000 sports car would be the fastest production car ever. The Thursday unveiling of two products, including the unexpected Roadster, drew roars of applause from a selected...