Business and technology news. From SFGate.com: the Bay Area's home page, online home of the San Francisco Chronicle and much more.
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Big profit seen for Chevron despite loss from refining Chevron Corp. projected a second-quarter loss from refining and selling fuel despite record-high gasoline prices that have been draining household and business budgets. Based on preliminary figures...
Read DAILY DIGEST (Links)
Standing on a ridge between a sluggish water canal and a swath of spindly, gray almond trees, farmer Jim Jasper has a good view of California's water crisis. Drought forced one of Jasper's friends to abandon these trees. The adjacent canal's flow has been...
Read Thirsty orchards' plight in Central Valley (Links)
Allstate Corp., which had hoped to charge Californians more for its homeowners' policies, instead received a rude surprise Thursday - an order to slash rates by 28.5 percent. Insurance Commissioner Steve Poizner said his order will save homeowners $255...
Read Allstate told to cut rates / Insurance commissioner's ruling orders a 28.5 percent decrease for homeowners (Links)
Intel Capital is boosting its investments in clean technology startups as a way to develop new sources of power for Intel processors. The chipmaker's corporate venture arm, one of Silicon Valley's largest, said this week it put 24 million euros in a German...
Read Intel Capital raising stake in clean tech (Links)
Dow Chemical Co. has agreed to buy rival Rohm and Haas Co. for more than $15 billion in cash in a deal that Dow hopes will fuel its growth in a more lucrative wing of the chemical-making business. "The addition of Rohm and Haas' portfolio is game-changing for...
Read Dow Chemical agrees to buy rival Rohm and Haas (Links)
Lehman Brothers Holdings Inc. shares plunged as much as 19 percent Thursday morning as continued credit fears shook Wall Street, and government officials again reiterated that no bank is too big to fail. Federal Reserve Chairman Ben Bernanke and Treasury...
Read Lehman tumbles to new low on more credit fears (Links)
Federal Reserve Chairman Ben Bernanke and Treasury Secretary Henry Paulson told Congress Thursday that new regulatory powers are needed to insulate the national economy from damage if a big Wall Street firm collapses. Their recommendations were part of a...
Read Fed chief: Gov't needs more power when firms fail (Links)
Less than a week after failing to qualify for an individual event at the U.S. swimming trials, Olympian Erik Vendt filed a countersuit Thursday against a California company that claims he broke his contract by choosing to wear a rival swimsuit. Vendt made his...
Read Vendt files countersuit against swimsuit company (Links)
Gadget lovers worldwide are already camped out ahead of Friday's global rollout of the new model of Apple Inc.'s iPhone, which is also the first iPhone to go on sale in many countries. Carrier Softbank Corp., which beat market leader NTT DoCoMo for the right...
Read Apple iPhone debuts to lines in Japan, elsewhere (Links)
Stocks fluctuated Thursday as a deal for Dow Chemical Co. to acquire rival Rohm and Haas Co. boosted investor confidence but could not fully offset continued worries about the health of financial companies. Market sentiment got a lift from Dow Chemical's more...
Read Stocks fluctuate amid concerns about financials (Links)
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