News about Silicon Valley business almost everyday.
DEARBORN, MI, and SAN FRANCISCO – Ford Motor Company has signed a five-year agreement with Stripe to scale the automaker’s e-commerce capabilities faster and to deliver an always-on experience for Ford and Lincoln customers. Rollout of Stripe technology is expected to begin in the second half of 2022, starting in North America. “We have been […]
Silicon Valley is the No. 2 market in the country for data centers, tied with Singapore and behind Northern Virginia according to a study by real estate services firm Cushman & Wakefield. The 2022 Global Data Center Market Comparison is the third edition of this annual study which identifies and ranks the top data center […]
With gas and food prices on the rise over the past year, Netflix has also decided to increase its subscription prices in the U.S. The streaming giant has boosted the monthly cost for its basic subscription price with no High Definition (HD) streaming from $8.99 to $9.99 per month. The standard Netflix plan with HD […]
SAN JOSE — Bridge Bank announced its Capital Finance Group has closed on a $10 million asset-based loan facility for Zuum Transportation Inc., an Irvine-based logistics technology provider for manufacturers, freight brokers and carriers. “It’s rewarding to work with a company like Zuum that is making a difference for such a great stable of internationally […]
REDWOOD CITY — Presto, a provider of technology for the restaurant industry, has been selected by Checkers Drive-In Restaurants, Inc., the operator of Checkers & Rally’s iconic drive-thrus, as the exclusive provider of automated voice ordering for all its corporate-owned drive-thru restaurants. The announcement marks the largest and first of its kind rollout of an […]
MOUNTAIN VIEW — Autonomous vehicle company Nuro has unveiled the third-generation of its autonomous delivery vehicle. As the most advanced zero-occupant vehicle designed by the company to date, the new flagship model, simply called Nuro, is expected to expand to millions of people across the country. Nuro’s third-generation vehicle is designed to carry more goods […]
Volvo Cars plans to use technology from Luminar, a developer of automotive lidar hardware and software technology, in its upcoming all electric next generation SUV. The announcement was made at last week’s CES event in Las Vegas and also marked the North American debut of the automaker’s Concept Recharge, a manifesto for Volvo Cars’ future, […]
Meta, the company formerly known as Facebook, announced that Tony Xu [photo], co-founder and CEO of DoorDash, Inc., has been elected to the company’s board of directors, effective immediately. DoorDash is the nation’s leading food delivery service with over 3 million drivers — also known as dashers — picking up and delivering from restaurants, convenience […]
SANTA CLARA – Venture investment in healthcare reached new heights in 2021, with more than $80 billion invested in biopharma, medical device, diagnostics/tools (dx/tools) and healthtech companies, according to Silicon Valley Bank’s annual Healthcare Investments and Exits Report. The more than 30% increase over 2020’s record is punctuated by a banner first half of the year. “Venture […]
The American Red Cross says it is facing a national blood crisis due to the Omicron variant – its worst blood shortage in over a decade, posing a concerning risk to patient care. Amid this crisis, doctors have been forced to make difficult decisions about who receives blood transfusions and who will need to wait until […]
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 […]