Business news with words plans+san. 60 or more news.

Redback Networks announced Wednesday that it plans to add 700 highly paid workers to its North San Jose campus over the next year.

Cost of San Francisco office space leads Schwab to move jobs out of city.

SAN FRANCISCO (MarketWatch) -- Intel Corp. will stop promoting its "Viiv" brand of Internet video programming that connects to living room TVs, The Wall Street Journal said late Friday on its Web site. The newspaper said the company announced plans to use a modified version of the brand on chips in entertainment-oriented computers that use dual-processor chips.

Charles Schwab Corp. said Friday that daily average trades rose in November as customers brought more assets to the San Francisco brokerage. But the firm also disclosed this week that it plans to move jobs out of San Francisco over the next few years. (SCHW)

A hanging garden on a dance club's facade is the seed of plans to give people a place to get down without the green guilt.

SAN FRANCISCO (MarketWatch) -- A giant new Chinese sovereign-wealth fund is moving ahead with plans to start hiring outside money managers, something analysts expect will become more prevalent in a rapidly growing $2 trillion-plus market.

SAN FRANCISCO (MarketWatch) -- Airline stocks jumped at the open Wednesday, buoyed by investor enthusiam for the Federal Reserve's plans to inject cash into the markets through auction of short-term funds. The Amex Airline Index gained 1.6% with all but three stocks in the benchmark index rising. The sector shrugged off a climb in crude oil prices. The January futures contract rose $1.29 to $91.29 a barrel. Shares of regional carriers posted the biggest gains. AirTran Holdings jumped 4% to $8.50 while ExpressJet Holdings gained 4.3% to $2.66.

SAN FRANCISCO (MarketWatch) -- Technology stocks surged along with the broader market in early trading Wednesday as the U.S. Federal Reserve and four other central banks announced plans to ease stress in financial markets through the auction of short-term funds. The tech-heavy Nasdaq Composite Index climbed 60 points to 2,712 and every major tech stock was on the rise. Among tech bellwethers, gains came from Hewlett-Packard Co. , Apple Inc. , Microsoft Corp. and Cisco Systems Inc. .

The world's third-largest retailer plans to open the first full-service grocery store along San Francisco's Third Street corridor, concluding a more than decadelong effort by city officials to expand the impoverished area's food shopping options. Fresh &...

At the company's annual analyst conference in San Jose, Calif., CEO John Chambers talks about how Cisco plans to enable virtual collaboration for its customers.

SAN FRANCISCO (MarketWatch) -- Job seekers' New Year's resolution might need to be "look even harder": Employers' hiring plans for the first quarter declined, according to the latest Manpower Employment Outlook Survey.

Certain that big ideas are better born online than on TV, digital shops are done playing second fiddle to their traditional brethren. Omnicom's EVB, which is presently competing for several accounts against top traditional agencies, has doubled its staff in the past year and plans to keep up the pace in 2008. The agency also has hired Andrew Walter to the new position of vice president of content delivery. Walter most recently served as director of operations at OgilvyOne San Francisco.

[Tourism/Entertainment] Nick on the Go will be available in Atlanta, Baltimore, Chicago, Fort Lauderdale, Las Vegas, Orlando, San Francisco and Seattle by Dec. 15. The company plans to roll the product out to 25 additional markets during the first quarter of 2008. It will be promoted online, in-store and on the company's reservation line.

Calpine, the San Jose energy company that went bankrupt in 2005, said late Wednesday that it plans to return to the New York Stock Exchange early next year.

SAN FRANCISCO (MarketWatch) -- Being a worker isn't getting any easier. We're moving from traditional pensions to 401(k)s, full-scale health insurance to consumer-driven health plans and steady annual salary increases to one-time "pay for performance" bonuses and incentives.

SAN FRANCISCO (MarketWatch) -- Auto parts and building products manufacturer Quanex Corp. reported late Tuesday fiscal fourth-quarter operating income of $62.9 million, or $1.05 a share, up from $59.3 million, or $1.03 a share, a year ago. Revenue for the three months ended Oct. 31 rose nearly 6% to $557.9 million from $527.7 million. Analysts polled by Thomson Financial predicted Quanex would earn 97 cents a share on $548 million in revenue. Quanex warned it expects building products sales to drop 5% in 2008 due to the tough home building market. The company announced last month it plans to spin off its building products unit to shareholders and sell its auto parts business to Gerdau S.A. in a deal worth $1.7 billion. Shares of the Houston-based company rose 18 cents ahead of the report to close at $49.34.

SAN FRANCISCO (MarketWatch) -- Fannie Mae said late Tuesday that it will cut its dividend by 30% and raise $7 billion by selling new stock as the mortgage giant tries to bolster capital after recent subprime losses. Fannie shares fell 3.9% to $33.91 during late trading. The company said it plans to sell $7 billion of non-convertible preferred stock in one or more offerings this month. The quarterly common stock dividend will be cut to 35 cents a share from 50 cents a share beginning in the first quarter of 2008, Fannie added. The company also warned on its 2008 results. Conditions in the housing and credit markets, including expected further declines in home prices, will negatively affect the company's financial condition, and results of operations in 2008, Fannie said. Overall economic conditions in 2008 could also materially affect future performance, the company warned.

SAN FRANCISCO (MarketWatch) -- French drugmaker Sanofi-Aventis said its 2008 research and development budget will remain around 2007 levels, the Wall Street Journal reported Tuesday on its Web site, citing company sources. The newspaper said an unidentified company spokesman said that while the R&D budget would not grow, there was "no question" of a budget reduction.

SAN FRANCSICO (MarketWatch) -- Swiss drugmaker Novartis AG plans on having four new cancer drugs on the market by 2011, the Wall Street Journal reported Tuesday on its Web site, citing company sources. The newspaper said Novartis sees at least one of the drugs as a potential blockbuster, defined by at least $1 billion in annual sales, according to David Epstein, Novartis' cancer drug unit president. The drugs in question have yet to be approved by regulators, the Journal said.

SAN FRANCISCO (MarketWatch) -- Airline shares extended losses Tuesday, led by a 6.6% drop in the shares of Delta Air Lines, Inc. and a 4.8% drop in the shares of AMR Corp. . Southwest Airlines Co. shares tumbled 1.7% after the discount airline company said it was trimming capacity growth plans for next year to a range of 4% to 5%. UAL Corp. fell 3%; late Monday the parent of United Airlines said that airline traffic fell 1.4% as capacity slipped 1.3%, driving its load factor down to 79.6%. Crude oil futures traded lower, down $1.11 at $88.20 a barrel, while the major indexes also fell.