Economy News

Alibaba reportedly in talks to invest in Snapchat


Snapchat is reportedly in talks with Chinese commerce giant Alibaba on a round of funding…

San Francisco sells record million-dollar homes


A research firm says a record number of million-dollar homes were sold in the San Francisco Bay Area during the second quarter…

Study: 35 percent in US facing debt collectors

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More than 35 percent of Americans have debts and unpaid bills that have been reported to collection agencies, according to a study released…

China investigating Microsoft in monopoly case

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China’s anti-monopoly agency announced an investigation Tuesday of Microsoft Corp…

Red Lobster tries acting like a fancier restaurant


Red Lobster wants to be seen as a purveyor of quality seafood, so it’s getting rid of some of its promotional discounts…

Facebook 2Q earnings, revenue soar


Facebook posted sharply higher earnings as revenue from mobile advertising continued to grow…

Downing of Malaysian jet, Israel and Palestinian fighting upsets global economy

The shooting-down of a Malaysian Airline jet and the war between Israel and Palestine has added more volatile elements to global economy

Bay Area home sales slightly up in June


Bay Area home sales were slightly up in June but remained below long-term levels…

Chinese economic growth rises to 7.5 percent


China’s economic growth rose to 7.5 percent over a year earlier in the three months ended June 30…

WTO issues mixed ruling in US-China dispute


An appeals body of the World Trade Organization has decided it lacked enough information to uphold China’s objections…