×

Top News & Analysis San Francisco

  • SAN FRANCISCO— Uber is coming clean about its cover-up of a year-old hacking attack that stole personal information about more than 57 million of the beleaguered ride-hailing service's customers and drivers. The San Francisco company ousted Travis Kalanick as CEO in June after an internal investigation concluded he had built a culture that allowed female...

  • SAN FRANCISCO _ Salesforce.com Inc. on Tuesday reported fiscal third-quarter net income of $51.4 million, after reporting a loss in the same period a year earlier. Thirteen analysts surveyed by Zacks expected $2.65 billion. For the current quarter ending in January, Salesforce.com expects its per-share earnings to range from 32 cents to 33 cents.

  • SAN FRANCISCO/ MOSCOW, Nov 21- The Kremlin will take action against Alphabet Inc's Google if articles from Russian news websites Sputnik and Russia Today are placed lower in search results, the Interfax news service cited Russia's chief media regulator as saying on Tuesday. Alexander Zharov, head of media regulator Roskomnadzor, said his agency sent a letter to...

  • CHICAGO, Nov 21- If proposed tax overhaul changes are adopted, giving to charity for tax reasons will no longer be as valuable for most people as it is this year. Neither of the proposals currently on the table from Congress eliminate the deduction for charitable contributions, but both plans from the U.S. House of Representatives and the Senate increase the...

  • CHICAGO, Nov 21- If proposed tax overhaul changes are adopted, giving to charity for tax reasons will no longer be as valuable for most people as it is this year. Neither of the proposals currently on the table from Congress eliminate the deduction for charitable contributions, but both plans from the U.S. House of Representatives and the Senate increase the...

  • CHICAGO, Nov 21- If proposed tax overhaul changes are adopted, giving to charity for tax reasons will no longer be as valuable for most people as it is this year. Neither of the proposals currently on the table from Congress eliminate the deduction for charitable contributions, but both plans from the U.S. House of Representatives and the Senate increase the...

  • MENLO PARK, Calif.— The chairman of the Federal Communications Commission set out Tuesday to scrap rules around open internet access, a move that would allow giant cable and telecom companies to throttle broadband speeds and favor their own services if they wish. The current rules treat internet service providers such as Comcast, AT&T and Verizon as if they were...

  • SAN FRANCISCO, Nov 21- As part of its $103 billion bid to buy Qualcomm Inc, Broadcom Ltd has hinted that it would make big changes to Qualcomm's patent licensing business, a major cash-cow for the company but a source of bitter conflict with regulators and key customers including Apple Inc.. Patent licenses accounted for some $5.1 billion in pre-tax profits for...

  • *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, 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,...