Top News & Analysis San Francisco

  • Apple rattled global markets this month when the iPhone maker cut its revenue outlook for the first time in 15 years, blaming factors like the U.S.- China trade dispute and a slowdown in the Chinese economy. "They should give us a good gauge of what is happening in China beyond smartphones because Texas Instruments is mostly industrials and autos, and Intel is PCs...

  • A demonstrator holds a sign, signifying hundreds of thousands of federal employees who won't be receiving their paychecks as a result of the partial government shutdown, during a "Rally to End the Shutdown" in Washington, January 10, 2019.

    "Like Americans in the private sector, many federal employees rely on each and every paycheck to cover critical expenses, including housing."

  • NEW YORK/ SAN FRANCISCO, Jan 18- Detained in a California lockup with hundreds of other immigrants seeking asylum, Duglas Cruz faced a choice. But his $1- a-day salary at the privately run Adelanto Detention Facility did not stretch far. That is more than four times the price at a Target store near the small desert town of Adelanto, about two hours northeast of Los...

  • PG&E crews remove power lines damaged by fire off Bille Road in Paradise, Calif., on Saturday, Nov. 10, 2018.

    S&P cut its rating on PG&E's Pacific Gas & Electric unit on Wednesday, making it the third such cut this month, after the unit missed interest payments on its 2040 senior notes.

  • Jan 17- Clothing retailer Gymboree Group Inc said late Wednesday it filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Eastern District of Virginia.

  • PLANO, Texas/ SAN FRANCISCO, Jan 15- Multiplying risks to the U.S. recovery, including now a self-imposed government shutdown, have broadened calls among even hawkish Federal Reserve officials to be patient before raising interest rates again. In separate appearances on Tuesday, policymakers from across the spectrum of views agreed the central bank should...

  • Jan 15- Home-renting company Airbnb Inc said on Tuesday it was profitable on an adjusted basis for the second year in a row, ahead of a widely anticipated initial public offering this year. Airbnb's expected listing in 2019 would be among a string of public debuts by highly valued Silicon Valley companies, including ride-hailing company Uber Technologies Inc,...

  • DETROIT, Jan 11- Corporate investors from outside the auto industry are placing increasing bets on electric vehicles, vying with automakers and suppliers to bankroll startup companies working on everything from advanced batteries to charging devices and all-new EVs. "Electrification will set off a number of economic changes in the traditional value chain...

  • Shares of the San Francisco- based lender were down 1.22 percent at $48.42 in early trading. For the year, expenses declined 4 percent to $56.13 billion, but were higher than $54.5 billion target the bank had set last year. Net income applicable to shareholders was $5.71 billion, or $1.21 per share, in the fourth quarter ended Dec. 31, compared with $5.74 billion, or...

  • The Omaha, Nebraska- based financial firm said on Tuesday it was allowing customers to fund their accounts with a debit card in their Apple Pay digital wallets. Using the wallet and a system called Apple Business Chat, TD Ameritrade customers with Apple devices can transfer up to $10,000 a day to their accounts and have access to it immediately, a feature the...

  • Traders and financial professionals work at the opening bell on the floor of the New York Stock Exchange (NYSE), January 2, 2019.

    An anonymous trader caused a stir in the U.S. equity options market on Monday with a massive bet that recalled Warren Buffett's famous wager on global stocks more than a decade ago.

  • Jan 14- PG&E Corp, owner of the biggest U.S. power utility by customers, said on Monday it is preparing to file for Chapter 11 bankruptcy protection as soon as this month amid pressure from potentially crushing liabilities linked to California's catastrophic wildfires in 2017 and 2018.. PG&E, which provides electricity and natural gas to 16 million customers in...

  • *China Dec exports, imports unexpectedly drop. NEW YORK, Jan 14- World stock indexes fell on Monday after a surprise contraction in Chinese trade reignited fears of a sharper slowdown in global growth and caused investors to sell riskier assets. "The biggest theme is risk-off," said John Doyle, vice president of dealing and trading at Tempus, Inc..

  • PG&E, which provides electricity and natural gas to 16 million customers in northern and central California, faces widespread litigation, government investigations and liabilities that could potentially exceed $30 billion due to the fires, the company said. The most recent fire last November killed at least 86 people in the deadliest and most destructive...

  • PG&E, the biggest power company in the United States with customers, said it planned to file for bankruptcy protection around Jan. 29, and was giving a 15- day notice to employees to comply with California law. PG&E is reeling from the November Camp fire that swept through the California mountain community of Paradise and killed at least 86 people in the deadliest...

  • PG&E, the biggest power company in the United States with customers, said it planned to file for bankruptcy protection around Jan. 29, and was giving employees a 15- day notice to employees to comply with California law. PG&E said on Sunday its chief executive officer was leaving and being replaced by General Counsel John Simon on an interim basis.

  • NEW YORK, Jan 11- Wall Street ended little changed on Friday, taking a breather following a five-day winning streak, while the dollar rebounded against most currencies from earlier losses tied to expectations the U.S. central bank is in no hurry to raise interest rates. Stocks have rallied this week, helped by promises of patience from the Federal Reserve, the ECB...

  • DETROIT, Jan 11- Corporate investors from outside the auto industry are placing increasing bets on electric vehicles, vying with automakers and suppliers to bankroll startup companies working on everything from advanced batteries to charging devices and all-new EVs. "Electrification will set off a number of economic changes in the traditional value chain...

  • Jan 11- Eli Lilly and Co remains in the hunt for cancer drugs even after announcing an $8 billion purchase of Loxo Oncology this week, but it plans to remain on the sidelines when it comes to two of the hottest areas of drug development. Lilly Chief Executive Dave Ricks told Reuters that as the company looks for deals to enhance its pipeline of future treatments it...

  • Traffic is at a near standstill heading into New York City via the Holland Tunnel from New Jersey.

    New Jersey became the No. 1 state to move away from in 2018.