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Top News & Analysis San Francisco

  • WASHINGTON, June 12- The U.S. Supreme Court on Monday cut the time it will take for copycat versions of biologic drugs to get to the market in a pivotal ruling about an expensive class of medicines that can yield billions of dollars in sales for drug companies. The justices, in a 9-0 ruling, overturned a lower court's decision that had prevented Swiss pharmaceutical...

  • WASHINGTON, June 12- The state of Hawaii on Monday urged the U.S. Supreme Court not to grant the Trump administration's emergency request seeking to revive his plan to temporarily ban travelers from six Muslim-majority nations after it was blocked by lower courts that found it was discriminatory. Trump's administration on June 1 filed emergency...

  • WASHINGTON, June 12- The U.S. Supreme Court on Monday ruled in favor of Microsoft Corp in its bid to fend off class action claims by Xbox 360 owners who said the popular videogame console gouges discs because of a design defect. The court, in a 8-0 ruling, overturned a 2015 decision by the San Francisco- based 9th U.S. Circuit Court of Appeals that allowed console owners...

  • WASHINGTON, June 12- The U.S. Supreme Court on Monday cut the time it will take for copycat versions of biologic drugs to get to the market in a pivotal ruling about an expensive class of medicines that can yield billions of dollars in sales for drug companies. The justices, in a 9-0 ruling, overturned a lower court decision that had prevented Swiss pharmaceutical...

  • WASHINGTON, June 12- The U.S. Supreme Court on Monday ruled in favor of Microsoft Corp in its bid to fend off class action claims by Xbox 360 owners who said the popular videogame console gouges discs because of a design defect. The court, in a 8-0 ruling, overturned a 2015 decision by the San Francisco- based 9th U.S. Circuit Court of Appeals that allowed console owners...

  • NEW YORK, June 12- Mike Mayo, a prominent bank analyst who became unemployed in February when his brokerage shut down, has a new job at Wells Fargo& Co.. "Mike's stature in the industry is well-recognized," Diane Schumaker-Krieg, global head of research, economics and strategy at Wells Fargo Securities, said in a statement. Matthew Burnell, who had covered bank stocks at...

  • The court, in a 8-0 ruling, overturned a 2015 decision by the San Francisco- based 9th U.S. Circuit Court of Appeals that allowed console owners to appeal the dismissal of their class action lawsuit by a federal judge in Seattle in 2012..

  • NEW YORK, June 12- Mike Mayo, a prominent bank analyst who became unemployed in February when his brokerage shut down, has a new job at Wells Fargo& Co.. The San Francisco- based lender hired Mayo to make calls on large-cap bank stocks in its securities business, according to a statement released on Monday. "Mike's stature in the industry is well-recognized," Diane...

  • SAN FRANCISCO, June 11- Uber Technologies Inc's board will discuss Chief Executive Travis Kalanick temporarily stepping away from the embattled ride-hailing firm and consider sweeping changes to the company's management practices at a meeting on Sunday, according to a person familiar with the situation. The person briefed on the matter said the board will...

  • SAN FRANCISCO, June 10- Uber Technologies Inc's board will discuss Chief Executive Travis Kalanick temporarily stepping away from the embattled ride-hailing firm and consider sweeping changes to the company's management practices at a meeting on Sunday, according to a person familiar with the situation. Attorney General Eric Holder, which conducted a...

  • June 10- An anonymous fan of Warren Buffett agreed to pay $2,679,001 at an online charity auction to have lunch with the billionaire chairman of Berkshire Hathaway Inc. It was lower than the record $3,456,789 bid in similar auctions in 2012 and 2016. The successful bidder and up to seven friends will dine with Buffett at the Smith& Wollensky steak house in...

  • TOKYO, June 10- Western Digital Corp plans to raise its offer for Toshiba Corp's prized semiconductor unit to $18 billion or more, a person familiar with the matter said, in a last-ditch effort to clinch a deal both companies consider vital. The group will present the new offer of 2 trillion yen or more by Thursday, when the struggling Japanese conglomerate is due to...

  • TOKYO, June 10- Western Digital Corp plans to raise its offer for Toshiba Corp's prized semiconductor unit to 2 trillion yen or more, a person familiar with the matter said, marking a last-ditch effort to clinch a deal that both companies consider vital. Toshiba had set a 2 trillion yen threshold for the sale. It is rushing to find a buyer to cover billions of dollars...

  • BERLIN, June 10- Germany is teaming up with California to cooperate on tackling climate change following the U.S. government's decision to withdraw from the 2015 Paris agreement. That has become even clearer after the U.S. withdrawal from the Paris climate agreement, "Hendricks said after agreeing on the joint approach with California Governor Edmund Brown in...

  • BERLIN, June 10- Germany is teaming up with California to cooperate on tackling climate change following the U.S. government's decision to withdraw from the 2015 Paris agreement. That has become even clearer after the U.S. withdrawal from the Paris climate agreement, "Hendricks said after agreeing on the joint approach with California Governor Edmund Brown in...

  • BERLIN, June 10- Germany is teaming up with California to cooperate on tackling climate change following the U.S. government's decision to withdraw from the 2015 Paris agreement. That has become even clearer after the U.S. withdrawal from the Paris climate agreement, "Hendricks said after agreeing on the joint approach with California Governor Edmund Brown in...

  • BERLIN, June 10- Germany is teaming up with California to cooperate on tackling climate change following the U.S. government's decision to withdraw from the 2015 Paris agreement. That has become even clearer after the U.S. withdrawal from the Paris climate agreement, "Hendricks said after agreeing on the joint approach with California Governor Edmund Brown in...

  • BERLIN, June 10- Germany is teaming up with California to cooperate on tackling climate change following the U.S. government's decision to withdraw from the 2015 Paris agreement. That has become even clearer after the U.S. withdrawal from the Paris climate agreement, "Hendricks said after agreeing on the joint approach with California Governor Edmund Brown in...

  • BERLIN, June 10- Germany is teaming up with California to cooperate on tackling climate change following the U.S. government's decision to withdraw from the 2015 Paris agreement. That has become even clearer after the U.S. withdrawal from the Paris climate agreement, "Hendricks said after agreeing on the joint approach with California Governor Edmund Brown in...

  • TOKYO, June 10- Western Digital Corp plans to raise its offer for Toshiba Corp's prized semiconductor unit to 2 trillion yen or more, a person familiar with the matter said, marking a last-ditch effort to clinch a deal that both companies consider vital. Toshiba had set a 2 trillion yen threshold for the sale. Toshiba has been favoring a rival bid from U.S. chipmaker...