San Francisco

Home Prices Remain Low in May: S&P/Case-Shiller

The S&P/Case-Shiller composite index has indicated that the home prices remained low in May on a seasonally adjusted basis. Since January 2012, this is the first month-over-month decline in the single family home prices.

Market analysts were expecting the home prices to register a... read more

Zillow to Acquire Trulia in $3.5 billion all stock deal

The two biggest real estate websites in the United States, Zillow and Trulia have agreed to a deal which will have a massive impact on the market. Zillow has agreed to acquire Trulia in an all-stock deal for $3.5 billion. Zillow Inc. CEO Spencer Rascoff started serious talks with Trulia... read more

California state senator Leland Yee slapped with additional charge

California state senator Leland Yee, who was arrested with 19 other people earlier this year, was on Friday slapped with an additional charge by a federal grand jury.

San Francisco federal court yesterday charged Yee with additional indictment of racketeering & conspiracy to get... read more

California man dies after 10-foot beach hole collapses

A young man died after a hole dug by him on a beach in Northern California collapsed, trapping him in the sand for several minutes, The California Department of Forestry & Fire Protection confirmed on Tuesday.

Twenty-six-year-old Adam Pye of San Lorenzo died after getting trapped in... read more

Wildfire citations applied very haphazardly across California

Although almost the entire drought-stricken California is prone to wildfires, yet fire warnings and citations are being applied very unevenly to the north and south parts of the state.

Available data shows a massive discrepancy in the number of citations applied in the past in the north... read more

Investors value Anonymous Posting App Secret at $100 million

Anonymous gossip app Secret has been valued above $100 million after the company raised $25 million in the latest round of funding. Index Venture and Redpoint Ventures have invested in the company in the second round of fund raising along with other investors.

Secret had earlier raised $... read more

Judge allows Corinthian not to disclose its dire financial condition

California Superior Court Judge Curtis Karnow in San Francisco gave a big relief to Corinthian Colleges Inc. by not forcing it to disclose its potential financial risks.

The office of California Attorney General Kamala Harris had asked the court to order Corinthian Colleges to disclose... read more

Yahoo acquires Israel based video streaming startup RayV for undisclosed amount

Yahoo has acquired high-quality video streaming startup RayV for an undisclosed amount. The acquisition will improve the position of Yahoo in terms of video content streaming for mobile and desktop users.

Israel based RayV was founded in 2005 by Omer Luzzatti and Ofer Shem-Tov. The... read more

Lyft launching its car service in several New York boroughs

Close on the heels of Uber's recent announcement that it is slashing the cost of its UberX rides in New York City, rival car service Lyft said in an official statement released on Tuesday that it is launching its service in a number of New York's boroughs.

According to the Lyft statement... read more

Central California school district settles federal charges

A California school district accused of misleading investors reached a settlement deal with federal authorities, the Securities & Exchange Commission (SEC) confirmed on Tuesday.

The SEC said in a statement that the management team at Kings Canyon Joint Unified School District, located... read more

Giant blue whale overturns boat off California coast

A wildlife photographer, who was on a whale-watching trip in San Francisco, captured an incredible footage of a huge blue whale capsizing a boat off the coast of California.

Dale Frink said he was looking for whales twelve miles off the coast of the Golden State, when a nearly 80 feet-... read more

Next versions of Android, Windows Phone handsets to incorporate ‘Kill Switch’capability

In a Thursday announcement, New York Attorney General Eric Schneiderman and San Francisco District Attorney George Gascón said that the 'Kill Switch' mobile anti-theft mechanism would be incorporated in the new-generation versions of Android and Windows Phone handsets.

The announcement... read more

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