News about Silicon Valley business almost everyday.
Bank of America announced significant changes to its overdraft services, including plans to eliminate non-sufficient funds (NSF) fees beginning in February, and to reduce overdraft fees from $35 to $10 beginning in May. The company will also eliminate the transfer fee associated with its Balance Connect for overdraft protection service in May. These and earlier changes over […]
NEW YORK & SAN FRANCISCO — Gaming company Take-Two Interactive of New York has agreed to acquire San Francisco-based Zynga in an out of sight cash and stock deal valued at $9.86 per Zynga share, with a total deal value of approximately $12.7 billion. Zynga stockholders will receive $3.50 in cash and $6.36 in shares […]
SANTA CLARA — Realtor.com has compiled its first ever list of Best Markets for First-Time Homebuyers, a report which predicts the cities and towns with the best combination of quality of life and affordability that young homebuyers are looking for. What is it that makes these markets great for first-time homebuyers? They have strong job markets, short […]
Mobileye has introduced the EyeQ Ultra at CES in Las Vegas, the company’s most advanced, highest performing system-on-chip (SoC) purpose-built for autonomous driving. EyeQ Ultra maximizes both effectiveness and efficiency at only 176 TOPS, making it the industry’s leanest autonomous vehicle (AV) chip. This efficiently designed SoC builds on seven generations of proven EyeQ architecture […]
Are you ready for plant-based fried chicken? Kentucky Fried Chicken and Beyond Meat are kicking off the new year with the debut of Beyond Fried Chicken. Beginning Monday, January 10, KFC restaurants across the U.S. will offer Beyond Fried Chicken for a limited time, while supplies last. The plant-based Beyond Fried Chicken was developed by […]
Four top executives at Google are getting hefty pay raises in 2022 of at least $350,000 plus stock and bonuses according to a filing with the SEC. On December 28, 2021, the Leadership Development and Compensation Committee of the Board of Directors of Alphabet Inc. (Google’s parent company) approved a new compensation arrangement for members […]
On December 31, 2021, PROCEPT BioRobotics Corporation signed a Lease for two buildings at 150-180 Baytech Drive in San Jose. The company develops a surgical robot to treat lower urinary tract infections symptoms (LUTS) due to benign prostatic hyperplasia (BPH). The company will lease two existing buildings, comprising approximately 158,221 rentable square feet of space in […]
BURLINGAME — Udelv has unveiled what it calls the first cab-less autonomous electric delivery vehicle for multi-stop delivery at the Consumer Electronics Show (CES) in Las Vegas. The vehicle is called the Transporter and is driven by Mobileye technology. The multi-stop electric delivery vehicle features a proprietary, self-contained, hot swappable modular cargo pod called the […]
Can’t get enough of Taco Bell? Well you can now get a monthly pass from the nation’s leading taco chain for one taco per day for 30 days for just $10. Through the pass, guests can redeem any one of seven of the brand’s best known tacos such as the Crunchy Taco, Crunchy Taco Supreme, […]
Walmart wants to soon deliver groceries not just to your front door, but directly in your refrigerator. The nation’s largest retailer is expanding its InHome delivery service, from 6 million households to 30 million U.S. households by the end of the year. To support the expansion, Walmart also plans to hire more than 3,000 delivery […]
REDWOOD CITY — The law firm Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP has elected 15 new partners, effective Jan. 1, 2022, in its largest new partner class to date. The firm now has more than 400 attorneys in 10 offices. These promotions add to the firm’s corporate and securities, fund formation, growth equity, […]
Here’s a list of area companies with stock prices over $200 at the end of 2021. The list would have been larger except for a late year selloff in technology stocks. Apple did not make this list since its stock price finished at $177.57 but the company was worth $2.9 trillion.