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Top News & Analysis San Francisco

  • NEW YORK/ SAN FRANCISCO, April 28- Growing tensions with North Korea should worry global electronics firms such as Apple Inc as they source key parts from South Korea, but investors are brushing off such concerns and snapping up shares in key exporters, heartened by robust earnings and big investment plans. South Korea, a U.S. ally and home to major electronics...

  • NEW YORK/ SAN FRANCISCO, April 28- Growing tensions with North Korea should worry global electronics firms such as Apple Inc as they source key parts from South Korea, but investors are brushing off such concerns and snapping up shares in key exporters, heartened by robust earnings and big investment plans. South Korea, a U.S. ally and home to major electronics...

  • April 27- The head of Uber Technologies Inc's self-driving vehicles unit, Anthony Levandowski, will step aside from some of his duties until a lawsuit against Uber in which he is accused of stealing trade secrets is resolved, Uber said on Thursday. Levandowski said he was not leaving Uber but would not participate in any of Uber's work on Lidar, according to an...

  • April 27- Amazon.com Inc's retail and cloud-computing sales rose in the first quarter, inching above Wall Street's expectations and sending the company's shares to an all-time high in extended trading. The world's largest online retailer said on Thursday net sales rose 23 percent to $35.7 billion, just beating analysts' average estimate of $35.3 billion,...

  • Alphabet's profit beat Wall Street estimates and rose 29 percent to $5.43 billion, a performance that analysts called exceptional for a company so large. The two companies accounted for 99 percent of the industry growth in digital advertising in 2016, Pivotal Research said in a report this week, demonstrating market power that some advertisers complain...

  • Alphabet's profit beat Wall Street estimates and rose 29 percent to $5.43 billion, a growth rate that analysts called exceptional for a company so large. Wall Street grew anxious as a series of high-profile advertisers fled YouTube amid concerns about ads appearing alongside extremist content. But Google's results showed that controversy was little more...

  • The world's largest online retailer said net income rose 41 percent to $724 million, or $1.48 per share, marking the eighth straight quarter that Amazon- known among investors for heavy spending and roller-coaster results- posted a net profit. Analysts on average were expecting $1.12 per share, according to Thomson Reuters I/B/E/S. "The core e-commerce segment...

  • Wall Street grew anxious as a series of high-profile advertisers fled YouTube amid concerns about ads appearing alongside extremist content. "YouTube revenues continue to grow at a significant rate, driven primarily by video advertising," Alphabet Chief Financial Officer Ruth Porat said during an earnings call. Alphabet's net income rose to $5.43 billion,...

  • The world's largest online retailer said net income rose 41 percent to $724 million, or $1.48 per share, marking the eighth straight quarter that Amazon- known for its heavy spending and roller-coaster results- has posted a net profit. Amazon's net sales in North America, its biggest market, jumped 23.5 percent to $20.99 billion in the latest quarter.

  • Alphabet's net income rose to $5.43 billion, or $7.73 per Class A and B shares and Class C capital stock, in the first quarter ended March 31 from $4.21 billion, or $6.02 per share, a year earlier. Shares of the company rose 2.8 percent to $916.80 after the bell on Thursday. For a company of Googles size to post the growth that it has is just a testament to the quality and...

  • Since inauguration day on Jan. 20, top executives from at least 186 companies have visited with Trump or senior advisers at the White House or on presidential trips, including those to Mar-a-Lago, the private, seaside Florida club where he spends many weekends. But Reuters analyzed more than 900 White House press pool reports to give the first big picture view,...

  • CHICAGO, April 27- At least 10 major U.S. airports say their rules prevent security officers from physically removing passengers from airplanes unless a crime is committed, meaning they would normally avoid incidents such as the one involving the passenger dragged off a United Airlines flight in Chicago. Officials at 10 of the busiest U.S. airports- in Atlanta,...

  • LONDON, April 27- Drivers working for Uber in Britain will be able to access illness and injury cover under a new scheme from the San Francisco- based company, which has faced legal challenges over the way it treats its staff. But drivers have also told us they want more security if something unexpected happens, " Jo Bertram, regional general manager of Uber in the UK,...

  • WASHINGTON, April 26- An adviser to Puerto Rico Governor Ricardo Rossello said on Wednesday the distressed U.S. territory would not necessarily file for bankruptcy if it failed to reach a debt restructuring deal with creditors before Monday's negotiating deadline. "It depends on legal actions, if go after our officials, Elias Sanchez, Rossellos liaison to...

  • NEW YORK/ SAN FRANCISCO, April 26- Even if President Donald Trump wins an appeal of a court ruling blocking his executive order on sanctuary cities, arguments made by the government in the case could permanently harm its efforts to cut off wide swaths of federal funding to targeted cities, some legal experts say. U.S. Justice Department attorneys defending the...

  • NEW YORK/ SAN FRANCISCO, April 26- Even if President Donald Trump wins an appeal of a court ruling blocking his executive order on sanctuary cities, arguments made by the government in the case could permanently harm its efforts to cut off federal funding to targeted cities, some legal experts say. "Disavowing the plain language of the executive order itself" was a...

  • WASHINGTON, April 26- An adviser to Puerto Rico Governor Ricardo Rossello said on Wednesday the distressed U.S. territory would not necessarily file for bankruptcy if it failed to reach a debt restructuring deal with creditors before Monday's negotiating deadline. "It depends on legal actions, if go after our officials, Elias Sanchez, Rossellos liaison to...

  • NEW YORK, April 26- Record high U.S. stock prices are providing the California State Teachers' Retirement System with profit-taking opportunities as it cuts exposure to U.S. equities and moves money off shore, the plan's chief investment officer told Reuters on Wednesday. "We have enjoyed obviously the benefits of this equity rally in the USA, but we still don't...

  • NEW YORK, April 26- According to the White House, U.S. This San Francisco judge's erroneous ruling is a gift to the criminal gang and cartel element in our country, empowering the worst kind of human trafficking and sex trafficking, and putting thousands of innocent lives at risk, the White House said in a statement decrying Judge Orricks decision, which came in a...

  • April 26- Amazon.com Inc wants to help you choose what to wear. The technology and retailing behemoth on Wednesday unveiled a voice-controlled camera, the Echo Look, and an app that recommends which of two outfits is best, using fashion specialists' advice and algorithms that check for the latest trends. The new product underscores Amazon's ambitions to be a top...