KSFO Business News

Procter & Gamble builds a strategy to win African-American consumers

Procter & Gamble is turning to a startup to help reach African-American consumers who are frustrated with a lack of shaving and shampoo choices. On Wednesday, the consumer products conglomerate announced that it bought Walker & Co. for an undisclosed sum. Walker & Co. is a health and beauty startup founded in 2013 by entrepreneur…MORE

Nissan shares evidence against Carlos Ghosn with Renault

Renault is facing a crunch decision over CEO Carlos Ghosn after Nissan shared details of an investigation that led to his arrest and indictment in Japan. Members of Nissan’s legal team briefed lawyers for the French carmaker in Paris on Monday, the first exchange of information about the case between the partner companies since Ghosn…MORE

Delta changes the way fliers board planes

A new boarding process is coming to Delta Air Lines. Beginning on January 23, 2019, the airline will ditch zone boarding in favor of a new — and more complex — process based on ticket type and color. Despite the expansion in number of groups from six to eight, Delta said the new format hopes…MORE

‘I begged them for help’: Wells Fargo foreclosure nightmare

Foreclosures can be extremely painful events. Imagine finding out years later that it was all a big mistake. That’s exactly what happened to Jeff and Eva Reiner. The couple turned to Wells Fargo (WFC), their mortgage servicer, for help making their payments after Eva, the family’s breadwinner, was laid off by Verizon (VZ) in 2010.…MORE

The maker of Mercedes cars is spending $23 billion on batteries

The maker of Mercedes-Benz cars is spending billions on batteries as it accelerates the electrification of its product range. Daimler said in statement on Tuesday it was spending €20 billion ($23 billion) on battery cells, and investing another €1 billion ($1.1 billion) in eight battery factories in Germany, China, Thailand and the United States. The…MORE

Barclays app stops you spending on the wrong stuff

Barclays rolled out a new mobile banking feature on Tuesday that allows users to switch off categories of spending including drinking, eating out and gambling. Customers can access the feature using a smartphone app. If they try to purchase restricted items, the payment will be declined. The bank said it designed the feature with mental…MORE

Tokyo court rejects Carlos Ghosn’s complaint about his month-long detention

A Japanese court has rejected a complaint filed by former Nissan Chairman Carlos Ghosn over a decision to extend his three-week detention by another 10 days. Tokyo prosecutors on Monday indicted Ghosn, 64, on accusations he under-reported his income in Nissan corporate filings by about 5 billion yen ($44 million) between 2010 and 2015. They…MORE

Chinese companies are urging employees to boycott Apple and buy Huawei

The detention of a top Huawei executive is prompting some Chinese companies and business groups to call for workers to boycott products from US companies like Apple, prompting fears of a wider backlash. Several organizations across China have issued notices urging staff members to show their support for Huawei, threatening punishment against anyone caught with…MORE

Jailed Huawei CFO’s bail decision pushed to Tuesday as tensions persist

The chief financial officer of Chinese tech company Huawei will have to wait another day to learn if she’ll be let go on bail. Meng Wanzhou, who is detained in Canada and faces extradition to the United States, has been held for 10 days. The hearing to determine whether she should be released ahead of…MORE