A split City Council moves ahead with plan to seize underwater mortgages to force better loan terms.
The Cupertino company holds a “special event,” and the cognoscenti expect two new iPhone models.
Would-be “Teslanaires” are so convinced that Tesla is the next big growth stock that they’re pouring their life savings into the company — often against the advice of family, friends and financial advisers. The Mercury News reports that Elon Musk’s company has attained a cultlike following not seen since the early days of Apple. Perhaps […]
NEW YORK (AP) — Cisco’s earnings and revenue grew in the latest quarter as demand for its computer networking equipment increased. But CEO John Chambers called the global economy “challenging and inconsistent,” and the company said it is cutting about 4,000 jobs, or about 5 percent of its workforce. The company’s revenue guidance for the […]
“CBS This Morning” showed an interview with Oracle CEO Larry Ellison today. Ellison, who rarely speaks to the media, discussed his legal battle with Google, telling Charlie Rose that Larry Page “took our stuff and that was wrong.” Then he talked about Steve Jobs, whom Ellison called “his best friend for 25 years.” After being […]
DETROIT (AP) — Electric car maker Tesla reported a narrower loss for the second quarter on Wednesday, sparking an after-hours rally in its stock. The Palo Alto, Calif., company reported after the close of trading on Wall Street that it lost $30.5 million, or 26 cents per share, in the April-June period. That compares with […]
By Isabel Angell The BART strike earlier this month stranded some 200,000 commuters for almost five days. BART and its unions are back in negotiations, but the unions say they will strike again if there’s no deal by Aug. 4. But it’s not just commuters who would be affected by another strike. A lot of […]
SAN FRANCISCO (AP) — Facebook’s stock is soaring after the world’s biggest social network posted higher revenue from mobile ads and delivered a healthy second-quarter profit that reversed a loss a year ago. Facebook Inc. said Wednesday that it earned $333 million, or 13 cents per share, in the April-June period. That’s up from a […]
SAN FRANCISCO (AP) — Apple’s latest quarterly report confirms the iPhone maker’s growth has stalled along with its pace of innovation. The results announced Tuesday mark the second straight quarter that Apple Inc.’s earnings have fallen from the previous year after a decade of steadily rising profits. The company earned $6.9 billion, or $7.47 per […]