Friday, August 21, 2015

Biz Break: HP shares rise; is the worst over?

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Friday, August 21, 2015
Biz Break
 Biz Break: HP shares rise; is the worst over?


Biz Break: HP shares rise; is the worst over?
Today: Hewlett-Packard stock rose Friday despite missing expectations in Thursday's earnings report, as investors are relieved by lack of unexpected bad news and find hope in company's coming split. Also: The Dow dropped more than 500 points for the first time since 2011, and Apple recruits a Tesla engineer and others with experience in self-driving cars, adding fuel to the rumors that Apple is getting into the car industry.

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Robot wars: Bay Area giant robot gears up to battle Japanese rival
This is not exactly the promised future of robotics, which is increasingly being applied to help humans with manufacturing, health care, humanitarian aid and getting around. But Guy Cavalcanti and Matt Oehrlein, 29-year-old co-founders of Berkeley-based MegaBots Inc., are hoping to fulfill another human desire: ferocious, gladiator-style entertainment.

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Q&A: Paradigm CEO Joelle Emerson, on making workforces more diverse
Employment lawyer Joelle Emerson founded Paradigm, a company that is helping more than a dozen tech firms including the photo-sharing site Pinterest make their workforce more diverse.

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Dow plunges 530 points amid China fears
U.S. stocks are sharply lower in midday trading on concerns about the Chinese economy.

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Why Redwood City's old courthouse is all lit up
San Mateo County History Museum runs a free 3-D video mapping light show every Tuesday night.

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Bay Area adds nearly 25,000 jobs in July
The Bay Area added 24,700 jobs during July, powered by employment surges in Santa Clara County, the East Bay and the San Francisco-San Mateo region, according to a report released Friday, and the gains during July produced the highest job totals in Santa Clara County in more than 14 years and enabled the East Bay to set an all-time record for total jobs.

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New businesses put Richmond on the food map
In recent years, Richmond's image as a tough city has melted like the frosting on a cupcake as more food companies have come, lured by cheaper rents, more space and a business environment that many companies say is friendlier than in many surrounding communities.

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No digital divide among black, white millennials, poll finds
A new poll finds African-American millennials say they are just as engaged in getting news online as their white counterparts, further debunking a long-held belief that people of color are at risk of being left behind technologically.

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Ashley Madison hack a reminder: Deleted online data never actually goes away
The Ashley Madison hack is a big reminder to all Web users: If you submit private data online, chances are it will never fully be deleted.

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Oakland port plans Saturday expansion
Port of Oakland shippers seek to open gates to truckers on Saturday to relieve backlog of import and export goods.

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Barrel of U.S. crude oil drops below $40, lowest since 2009
A barrel of U.S. crude fell below $40 per barrel for the first time since the end of the global economic crisis.

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Oakland, feds target operators of Mills Motel in human trafficking, drugs investigation
Mills Motel is the latest in the city's ongoing effort to curb criminal activity at hotels and motels throughout the city. Lawsuits also shut down two other Oakland hotels known for prostitution and child sex trafficking: the National Lodge and Economy Inn. The National Lodge was permanently shuttered while the Economy Inn reopened under new ownership. The city in March also sued operators of the Starlite Motel.

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