News about Silicon Valley business almost everyday.
Five individuals were arrested last week in Los Angeles on criminal charges related to their roles in a years-long scheme to defraud Medicare of more than $15 million through sham hospice companies and then to launder the fraud proceeds. According to an indictment unsealed yesterday, three of the defendants—Petros Fichidzhyan, 43, of Granada Hills, California, […]
SAN JOSE – San José Mineta International Airport (SJC) is happy to welcome passengers traveling to and from the three new nonstop destinations introduced by Spirit Airlines, just one year after the airline commenced operations in San José. Starting this month, Spirit has expanded its SJC service with new flights to Baltimore-Washington (BWI), Los Angeles (LAX) […]
SAN FRANCISCO – Silicon Valley Bank (SVB), a division of First Citizens Bank, along with lending partner Trinity Capital Inc., announced that it has provided a $63 million warehouse facility to Denim, a technology-forward factoring partner for freight brokers. The financing, offered by SVB’s national fintech practice, allows Denim to continue supporting the cash flow and operational needs of […]
LAS VEGAS – Twenty-five years ago, The Venetian Resort Las Vegas made waves when it pioneered the convention-hotel concept and delivered Venice’s canals to the Las Vegas desert, gondoliers and all. Coinciding with this momentous birthday, the iconic resort unveils a new era ushered in by a $1.5 billion reinvestment project. Following the recent launches of HaSalon, Voltaire Belle […]
Amazon is extending its partnership with Grubhub to make restaurant delivery to customers’ doors more convenient and affordable. Amazon customers in the U.S. can order from hundreds of thousands of restaurants in all 50 states with Grubhub directly on Amazon.com and in the Amazon Shopping app. Additionally, as long as a customer remains a Prime […]
On February 14, 2024, at approximately 4:25 AM, San José Police Department Officers responded to a report of an armed robbery and attempted homicide at a cannabis dispensary located in the 3500 block of Charter Park Drive. When Officers arrived, they discovered that three unknown suspects forced their way into the business and took various […]
MARTINEZ, CA – In partnership with the cities of Martinez, Hayward, Fremont and Oakland, Amtrak has completed accessibility improvements at its Bay Area stations. Customers can now enjoy a more accessible and comfortable experience at the Martinez, Hayward, Fremont, and Oakland-Coliseum Stations following the completion of $20.8 million in upgrades. “We’re delivering a new era of rail while bringing […]
The 2024 NBA Finals – the Boston Celtics 18-point victory over the Dallas Mavericks – delivered the largest Game 1 audience share ever on ABC with 20.3 percent, quadrupling the viewership of the closest competition on television, according to Nielsen. Boston dominated Dallas in Game 1 by the score of 107-89. Additionally, the audience share in the coveted […]
Red Lobster, the national seafood chain known for lobster and biscuits, has filed for bankruptcy and wants to close an additional nine restaurants in California. USA Today has the list of 228 restaurants that the chain wants to end leases on. Some may already be closed. Here are nine restaurants in California the chain wants […]
SAN JOSE — Roku, Inc. announced that Sarah Harms (pictured) and Sal Candela will join the company as Vice President of Advertising Marketing and Vice President, Global Agency Partnerships, respectively. Harms will report to Jay Askinasi, SVP, Head of Global Media Revenue & Growth, and Candela will report to Kristina Shepard, VP, Global Advertising Sales […]
SANTA CLARA & NEW YORK — Hedge fund Apollo says it will lead an investment of $11 billion to acquire from Intel a 49% equity interest in a joint venture entity related to Intel’s Fab 34 in Ireland. The transaction represents Intel’s second Semiconductor Co-Investment Program (SCIP) arrangement. SCIP is an element of Intel’s Smart […]
Walgreens, one of the nation’s largest drug store chains, is cutting prices on over 1,300 items. The company also plans to introduce a series of promotional campaigns, including the return of Walgreens popular myW Days in mid-July. “Walgreens understands our customers are under financial strain and struggle to purchase everyday essentials. We continue to be […]