Business

FILE - In this Monday, Nov. 2, 2015 file photo, Elizabeth Holmes, founder and CEO of Theranos, speaks at the Fortune Global Forum in San Francisco. Elizabeth Holmes, who ran Theranos until its 2018 collapse, hasn't paid her Palo Alto, California, attorney John Dwyer and his colleagues for the past year, according to documents filed Monday, Sept. 30, 2019 in Phoenix federal court. (AP Photo/Jeff Chiu, File)
AP News
October 04, 2019 - 3:22 pm
PHOENIX (AP) — The founder of scandalized blood-testing startup Theranos is now being accused of skipping out on bills owed to the lawyers defending her against fraud charges in a civil lawsuit. Elizabeth Holmes, who ran Theranos until its 2018 collapse, hasn't paid her Palo Alto, California,...
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FILE- In this Feb. 9, 2019, file photo, a sign bearing the company logo is displayed outside a Tesla store in Cherry Creek Mall in Denver. The U.S. government’s highway safety agency says it’s gathering information on reports of malfunctions with a Tesla feature that lets drivers summon their cars in parking lots. The National Highway Traffic Safety Administration says it’s aware of reports about “Smart Summon” and is in contact with the company. Messages were left Thursday seeking comment from Tesla. (AP Photo/David Zalubowski, File)
AP News
October 03, 2019 - 2:18 pm
WASHINGTON (AP) — The U.S. government’s highway safety agency is gathering information on reports of malfunctions with a Tesla feature that lets drivers summon their cars in parking lots. The National Highway Traffic Safety Administration stopped short of saying it had opened a formal investigation...
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A WeWork sign hangs on a building, Monday, Sept. 30, 2019, in New York. WeWork says it is withdrawing its initial public offering less than a week after its controversial CEO stepped aside from the troubled company. (AP Photo/Mark Lennihan)
AP News
September 30, 2019 - 2:49 pm
NEW YORK (AP) — WeWork's new leaders shelved plans to enter the stock market Monday as they sought to repair the battered image of a company that appeared to revolutionize the office-rental industry and was poised just weeks ago to go public with a valuation of nearly $50 billion. The decision came...
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A Forever 21 store is shown, Monday, Sept. 30, 2019, in Aventura, Fla. The low-price fashion chain, a one-time hot destination for teen shoppers that fell victim to its own rapid expansion and changing consumer tastes, has filed for Chapter 11 bankruptcy protection. (AP Photo/Wilfredo Lee)
AP News
September 30, 2019 - 1:31 pm
NEW YORK (AP) — For years, teens flocked to Forever 21's massive stores at the nation's malls for its speedy take on fashion, like its $5 shimmery halter tops and $25 dresses. But the chain that helped popularize so-called fast fashion has moved too slow for a new generation of young customers. The...
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Mike Colgan/KCBS Radio
KCBS Radio Morning News
September 30, 2019 - 6:26 am
SAN FRANCISCO (KCBS Radio) -- A fast rise in gasoline prices is hitting Bay Area motorists in the pocketbook. The daily AAA gas price report Monday showed California's statewide gas prices as the highest in the nation, averaging $4.03 a gallon for regular-grade fuel. A week ago, that fuel cost an...
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A sign is posted in front of a home that is for sale March 23, 2010 in San Francisco, California.
Justin Sullivan/Getty Images
Melissa Culross
September 27, 2019 - 1:26 pm
The gap between the haves and the have-nots in this country appears to be getting bigger. Figures released Thursday by the Census Bureau showed that income inequality is at its highest level in more than half a century.
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Holly Quan/KCBS Radio
AP News
September 26, 2019 - 11:12 am
SAN FRANCISCO (AP) — Uber will begin cramming more services into its ride-hailing app as it explores ways to generate more revenue and finally turn a profit. The makeover announced Thursday will include force-feeding its food delivery service, "Eats," into the Uber app that millions of people use...
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Juul logo
Photo by Scott Olson/Getty Images
KCBS Radio Morning News
September 25, 2019 - 6:20 am
SAN FRANCISCO (KCBS Radio) -- Juul Labs CEO Kevin Burns is stepping down. He will be replaced by K.C. Crosthwaite, an executive at Altria Group, which owns a 35 percent stake Just a few months ago, Juul was among the highest-flying companies on the planet, dominating the rapidly-growing e-cigarette...
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nalysts at the Pacific Gas and Electric (PG&E) Wildfire Safety Operations Center monitor a wildfire on August 05, 2019 in San Francisco, California.
Justin Sullivan/KCBS Radio
KCBS Radio Overnight News
September 24, 2019 - 11:11 pm
PG&E announced it would cut power to 48,000 customers on Wednesday morning dispersed across a wide stretch of fire-prone Northern California, including parts of Napa and Sonoma counties. Turning off electricity is one of the emergency measures the huge utility wields when there are high risks...
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FILE - In this Tuesday, Jan. 16, 2018, file photo, Adam Neumann, co-founder and CEO of WeWork, attends the opening bell ceremony at Nasdaq, in New York. Some members of the WeWork board are unhappy with its leadership and plan to push WeWork CEO Adam Neumann to give up that title, according to media reports. (AP Photo/Mark Lennihan, File)
AP News
September 24, 2019 - 2:04 pm
WeWork's charismatic but controversial CEO is stepping aside from the communal office-space company he founded, another moment of reckoning between the fast-growing startup and its disenchanted investors. The New York-based company said Tuesday that Adam Neumann will be replaced by two co-CEOs:...
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