Video captured the moment that an Air Canada jet flew off course and just over four other jetliners filled with passengers late on a July night last year in San Francisco. Board members are likely to focus on actions of the Air Canada pilots, who may have been confused because one of two parallel runways, called 28 L, was closed for construction that night, and its...
SAN FRANCISCO— The co-founders of Instagram are resigning their positions with the social media company without explanation. Chief Executive Kevin Systrom said in a statement late Monday that he and Mike Krieger, Instagram's chief technical officer, plan to leave the company in the next few weeks and take time off "to explore our curiosity and creativity...
SAN FRANCISCO/ HONG KONG, Sept 24- For three whirlwind days in June, U.S. scientist Zhi Hong went shopping at the Boston Bio Conference to find drugs to fill the pipeline of his two-week-old drug company. Months earlier, Hong had raised $260 million- much of it from Chinese and Asian investors- with a strategy to bring U.S. biotechnology drugs to China, the worlds...
LOS ANGELES— The average U.S. price of regular-grade gasoline has dropped a penny per gallon over the past two weeks, to $2.90. Industry analyst Trilby Lundberg of the Lundberg Survey says that's 28 cents higher than at this time last year. The highest average price in the contiguous 48 states is $3.69 in the San Francisco Bay Area.
CHICAGO— A former OpenTable employee has been charged with wire fraud for allegedly making hundreds of bogus reservations at Chicago restaurants to undermine a rival booking service. They say Addison, of Chicago, allegedly booked some 1,200 seats in all, often during peak hours, making the no-shows especially costly. Christa Quarles, the CEO of San Francisco-...
SAN FRANCISCO— You won't be able use PayPal anymore to buy fluoride-free toothpaste or a bottle of The Real Red Pill Plus from right-wing conspiracy promulgator Alex Jones. The digital payments company is the latest platform to ditch Jones and his Infowars site, which along with conspiracy theories peddles "I Stand With Trump" T-shirts, Wake Up America coffee,...
Sept 21- Apple Inc's latest iPhones use components made by Intel Corp, Micron Technology, and Toshiba, among others, according to two firms that cracked open iPhone Xs and Xs Max models. The studies by repair firm iFixit https://www.ifixit.com/Teardown/iPhone+ XS++ and+ XS+ Max+ Teardown/113021 and chip analysis firm TechInsights...
But a new exhibition in San Francisco shows that the covering used by some Muslim women can be a bright yellow head wrap or a loose drape of rose; a black silk and lace scarf by Dolce& Gabbana; or a hood attached to an extra-long girls' dress. "Contemporary Muslim Fashions" opens Saturday at the de Young Museum with about 80 ensembles by nearly 60 designers from around...
Facebook said it would no longer dispatch employees to the offices of political campaigns to offer support ahead of elections.
SAN FRANCISCO, Sept 20- Facebook Inc said on Thursday that it would no longer dispatch employees to the offices of political campaigns to offer support ahead of elections, as it did with U.S. The company and other major online ad sellers including Alphabet Inc's Google and Twitter Inc have long offered free dedicated assistance to strengthen relationships...
The memory chipmaker, whose NAND and DRAM chips help power smartphones and servers, said that U.S. tariffs of 10 percent $200 billion of Chinese goods that go into effect on Sept. 24 played a big role in its gross margin forecast. Chief Financial Officer David Zinsner said Micron expects to be able to work through the blow from tariffs but that it will take up to a year.
SACRAMENTO, Calif.— If you want a straw with your drink or a soda with a kids' meal at a California restaurant, you'll need to ask for them starting next year. Jerry Brown makes California the first state to bar full-service restaurants from automatically giving out single-use plastic straws. California restaurants that don't comply with the straw law will get two...
NEW YORK— Wells Fargo plans to cut up to 10 percent of its workforce over the next three years, the bank announced on Thursday, which will result in thousands of job losses for employees of the nation's third-largest bank. Wells Fargo& Co. Chief Executive Tim Sloan made the announcement to employees on Thursday. The San Francisco- based bank has been under multiple...
Danny Finlay has figured out how to work in one of the most expensive U.S. cities and still save money.
Sept 20- Technology-focused investment bank Qatalyst Partners has hired Ethan Zweig, a JPMorgan Chase& Co managing director, to join its San Francisco- based banking team. Among Qatalyst's recent deals, it advised software company CA Inc on its $19 billion sale to chipmaker Broadcom Inc in July. Earlier this year, JPMorgan advised semiconductor company...
NEW YORK, Sept 19- The most significant changes to Wall Street's broad industry sectors since 1999 will take effect Monday, reclassifying many of the hot growth companies that have been nearly synonymous with the "tech" rally that has fueled the stock bull market. While any immediate market impact will be hard to gauge, investors are preparing for volatility in...
*China should focus on' Silk Road' trade nations-Ma. Sept 20- Alibaba Chairman Jack Ma said the company can no longer meet its promise to create 1 million jobs in the United States due to U.S.- China trade tensions, Chinese news agency Xinhua reported on Wednesday. Ma has already warned that the trade war between the world's two largest economies could last decades...
Sept 19- Amazon.com Inc is considering a plan to open as many as 3,000 new Amazon Go cashierless stores in the next few years, Bloomberg reported https://www.bloomberg.com/news/articles/2018-09-19/amazon-is-said-to-plan-up-to- 3- 0 0 0- c a s h i e r l e s s- s t o r e s- b y- 2 0 2 1 on Wednesday, citing people familiar with the matter. Shares of U.S. supermarket chains...
Sept 19- Alibaba Chairman Jack Ma said the company no longer plans to create one million jobs in the United States due to the U.S.- China trade conflict, China's news agency Xinhua reported http://www.xinhuanet.com/2018-09/19/ct1123456015. htm on Wednesday. Ma said on Tuesday that trade tensions between the United States and China could last for two...
BRUSSELS, Sept 19- Facebook may face sanctions because it has yet to comply with EU consumer rules while Airbnb has made the necessary changes in response to regulatory demands, EU sources said on Wednesday. Online platforms are under pressure in Europe because of their dominance and anti-competitive business practices, which have resulted in hefty fines...
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