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Updated: 1 hour 49 min ago

Google selects partner to develop $15B in Bay Area projects

Wed, 07/17/2019 - 8:20pm
Google and Australian developer and general contractor Lendlease will partner on the tech company’s ambitious plans to build 15,000 homes in the Bay Area, the companies announced Wednesday. As part of the deal, Lendlease expects to develop about 15 million square feet of residential, retail, hospitality and other uses in new ground-up neighborhoods in San Jose, Sunnyvale and Mountain View. The $15 billion plan will take at least a decade to play out, Lendlease said. “Today's agreement expands…

Analyst: IBM sets the stage for Red Hat contribution on call

Wed, 07/17/2019 - 6:38pm
Eight days after IBM’s blockbuster buy of Red Hat, the deal overshadowed Big Blue’s second quarter earnings call – as a top exec set the stage for what the firm hopes to get out of its $34 billion bet.

COO, CTO at Wayfair announce retirements

Wed, 07/17/2019 - 6:07pm
Two executives at Boston-based e-commerce giant Wayfair Inc. are stepping down, the company announced Wednesday after markets had closed. Chief Operating Officer James Savarese and Chief Technology Officer John Mulliken both plan to retire in 2019, according to a statement from Wayfair (NYSE: W). Both executives will remain with the company through mid-October, the company said. Thomas Netzer, the company’s chief operating officer for European operations, will relocate from the company’s Berlin…

Bay Area personal lending startup files plans to go public

Wed, 07/17/2019 - 5:55pm
Oportun Financial Corp., a startup that targets its financial services at people with little or no credit, filed plans for a $50 million IPO on Wednesday. The San Carlos-based company, once known as Progress Financial or Progreso Financiero, showed that its revenue grew to $497.6 million in 2018 from $360.9 million in 2017. It posted a profit of $123.4 million last year, compared to a loss of about $10.2 million the year before. The company raised nearly $500 million in funding but hasn't done…

Phoenix slips on tech talent report; Tucson on the rise

Wed, 07/17/2019 - 5:43pm
While the Valley continues to grow and add jobs, the larger tech markets are also growing at a pretty rapid pace. An expert with CBRE breaks down the numbers behind why Phoenix dropped in the rankings, noting it is still trending in the right direction.

Startup Egeria Corp. automates bid and grant search

Wed, 07/17/2019 - 5:37pm
Government agencies are constantly offering lucrative projects and grants, but the notices of those can be difficult to find. Egeria Corp. has created a site that automates the search. After starting up last September, Egeria is now offering bid and grant searches for California state agencies and federal agencies, said founder and CEO Sedale Turbovsky. There are existing bid portals and services that research bids and grants, but their subscriptions tend to be $1,000 per month, Turbovsky said.…

EBay shares jump on Q2 earnings beat

Wed, 07/17/2019 - 5:32pm
Shares of eBay Inc. jumped almost 5 percent in after-hours trading on Wednesday as the company beat analyst expectations with its second-quarter earnings.

DOD removes Turkey from the F-35 program, cancels 100 jet sale

Wed, 07/17/2019 - 5:26pm
The Department of Defense removed NATO ally Turkey from participation in its F-35 fighter program Wednesday, canceling the delivery of 100 fighters to the country and altering the program’s supply chain operations. Under Secretary of Defense for Acquisition and Sustainment Ellen Lord said in a press conference Wednesday that Turkey’s purchase of Russian-made S-400 air defense systems Friday was at odds with ongoing F-35 development and deployment in the country, which supplies around 900 parts…

Netflix shares plunge as U.S. subscriptions slide

Wed, 07/17/2019 - 5:19pm
Netlix.com Inc. added 2.7 million paid memberships worldwide in the second quarter, the Los Gatos-based streaming giant said on Wednesday — significantly missing the company’s forecast that it would gain 5 million new members during the period. Shares plunged more than 13 percent in after-hours trading after Netflix released its Q2 earning report. The company posted net income of $271 million, down from $384 million during the same time frame a year ago, on revenues of $4.9 billion, up 26 percent.…

Netflix shares plunge as U.S. subscriptions slide

Wed, 07/17/2019 - 5:13pm
Netflix.com Inc. added 2.7 million paid memberships worldwide in the second quarter, the Los Gatos-based streaming giant said on Wednesday — significantly missing the company’s forecast that it would gain 5 million new members during the period. Shares plunged more than 13 percent in after-hours trading after Netflix released its Q2 earning report. The company posted net income of $271 million, down from $384 million during the same time frame a year ago, on revenues of $4.9 billion, up 26…

Nashville tech firm looks to Alabama for expansion — and fresh talent

Wed, 07/17/2019 - 9:26am
Atiba sees the space industry as a new frontier to recruit bright employees.

Report: Google is taking free lunches away from some workers in San Jose

Wed, 07/17/2019 - 9:24am
Mountain View-based Google was one of the first companies to popularize free food for its employees, and now serves tens of thousands of gourmet breakfasts, lunches and dinners across the globe every day. 
 But that perk didn’t make it to a new office in San Jose that’s staffed by contractors, who say they have to pay for prepackaged and refrigerated sandwiches, Hot Pockets, and pot pies, Business Insider reports, citing unnamed sources at that office. 
 Hot Pockets reportedly cost $2.59,…

CBJ Morning Buzz: Charlotte shines among top tech markets; Latest in CMS leadership drama; Soccer's biggest star coming to town

Wed, 07/17/2019 - 9:18am
In local news: Driving home other recent headlines about Charlotte's increasing strength as a tech hub, CBRE is out with an annual report that analyzes 50 markets across the U.S. and Canada on their ability to attract and retain talent in that often-coveted industry. The commercial real estate firm's 2019 Scoring Tech Talent Report found the fastest-growing tech talent pool in the nation right here in the Queen City, which ranked No. 2 by that measure overall, with Toronto taking the No. 1 spot.  CBRE…

Ross Perot remembered as ‘vibrant, thunderous dynamo’

Wed, 07/17/2019 - 9:14am
He was Bill Gates, Leonardo da Vinci and Rambo all wrapped into one. That’s how retired U.S. Army Gen. Peter M. Dawkins described his friend, H. Ross Perot, at a memorial service Tuesday for the legendary Dallas billionaire and two-time presidential candidate. “He was tough, creative and determined,” Dawkins said. “A vibrant, thunderous dynamo. And he was wise. Wise in an unconventional way, but he was always moving forward.” Perot died last week at age 89 after a five-month battle with…

126 women of influence in Central Texas; 2019 Profiles in Power nominees announced

Wed, 07/17/2019 - 9:12am
Women still represent a minority of directors on the boards of publicly traded U.S. companies and receive a small fraction of this nation's venture capital funding. Helping readers surmount those kinds of obstacles is central to Austin Business Journal's mission. So ABJ is proud to recognize the 126 nominees for this year's Profile in Power awards, honoring women who are leading Central Texas to a better future. They come from a wide variety of companies and industries, from technology to finance,…

How Ball Aerospace cracked the code on diversity

Wed, 07/17/2019 - 9:07am
Ball Corp. division's hiring of women, minorities eclipses the industry.

Prime Day protesters chant, leave boxes at Jeff Bezos' D.C. home

Wed, 07/17/2019 - 8:45am
Demonstrators with the For Us, Not Amazon coalition protested in front of Amazon.com Inc. CEO Jeff Bezos' home in Washington, D.C.'s Kalorama neighborhood Tuesday morning. The group demanded that Amazon Web Services stop selling technology to the U.S. Immigration and Customs Enforcement and chanted "No tech for ICE." They also protested working conditions in Amazon warehouses, HQ2-related housing issues and Bezos' general wealth. This was just one of several protests across the U.S., and at Amazon…

McDonald's partners with DoorDash, dealing blow to Uber Eats

Wed, 07/17/2019 - 8:44am
DoorDash is ready to supersize its growth as competition in the restaurant delivery world continues to heat up. The San Francisco company has just landed McDonald's (NYSE: MCD) as a new restaurant delivery partner, upending up what had been an exclusive agreement the fast-food chain had with competitor Uber Eats. DoorDash will begin delivering Big Macs and french fries to Houston customers later this month, and based off its success, will likely expand the partnership nationally before the end…

Roadbotics raises $7.5M in latest investment round

Wed, 07/17/2019 - 8:30am
RoadBotics, the Pittsburgh-based startup working to stadardize road assessment through A.I., announced Tuesday that it had raised $7.5 million in its latest investment round. Leading the way was Radical Ventures, an A.I.-focused venture capital fund. Other investors include Hyperplane Venture Capital and Wharton Alumni Angels of Silicon Valley. "No one understands the impact deep learning is and will have on the management of large-scale public infrastructure like the Radical team who previously…

Epic Games fires back in 'Fortnite' data vulnerability lawsuit

Wed, 07/17/2019 - 8:16am
The Cary-based company behind blockbuster hit “Fortnite” is again firing back in court, asking a judge to dismiss a suit that claimed it was responsible for exposing millions of players to possible identity fraud.

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