PALO ALTO – Multiple police agencies in the Bay Area worked together Tuesday night to locate and safely arrest three suspects who committed two armed robberies that occurred within 25 minutes in Palo Alto, and then a third armed robbery in Milpitas later in the evening. No one was physically injured. Police booked all three suspects […]
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PayPal Adds Apple Pay for Small Businesses
SAN JOSE — PayPal Holdings has added new features to its complete payments solution for small businesses, including the ability to accept Apple Pay. The solution enables small businesses to accept a range of payments including PayPal, Venmo and PayPal Pay Later products. Giving customers more choice in how they can pay can help drive checkout. Fifty-nine percent of […]
PayPal Signs Deal With Ticketmaster
PayPal Holdings has signed a multi-year deal with Ticketmaster parent company Live Nation Entertainment. The deal makes PayPal the Preferred Payments Partner of Ticketmaster, the nation’s leading ticket sales platform for sports and concerts. As a part of the partnership, fans will be able to pay with PayPal, PayPal Pay Later products, and Venmo (in […]
Plug and Play Accepts 145 Startups in Silicon Valley for 2023
SUNNYVALE — Accelerator program Plug and Play has accepted its first batch of 145 startups to participate in their initial Silicon Valley programs of the year. These programs will run through June with a focus in the following industries: Brand & Retail Crypto & Digital Assets Energy Enterprise Tech Fintech Food & Beverage Health Insurtech IoT Media […]
Doordash Adds Victoria’s Secret, Party City
If you’re looking to order lingerie, cosmetics or party supplies, Doordash can now deliver these items directly to your home or apartment. The delivery company has formed partnerships with three national retail chains: Victoria’s Secret, Lush Cosmetics and Party City. DoorDash now has more than 100,000 non-restaurant stores across its Marketplace and Drive platforms in […]
Graphiant Closes $62 Million Series B
SAN JOSE – Graphiant, a provider of next-generation edge services, has closed a $62 million Series B funding round. The round brings the company’s total funding to $96M. The funding will be used to enable continued growth as Graphiant’s next-gen architecture gains momentum. The round was led by Two Bear Capital with participation from Sequoia […]
John Chambers to Keynote TiEcon Conference
SANTA CLARA — TiE Silicon Valley, a not-for-profit dedicated to fostering global entrepreneurship, has announced their in-person TiEcon 2023, which will take place on May 3-5. The opening grand keynote speaker on May 4 will be former Cisco CEO John Chambers. TiEcon 2023, the world’s largest technology-anchored entrepreneurship conference, showcases thought leaders and brings together innovators, corporate business decision […]
First Citizens Bank to Buy Most Assets of Silicon Valley Bank
First-Citizens Bank & Trust Company, a subsidiary of Raleigh-NC based First Citizens BancShares, Inc., has entered into an agreement with the Federal Deposit Insurance Corporation (FDIC) to purchase out of FDIC receivership substantially all loans and certain other assets, and assume all customer deposits and certain other liabilities of Silicon Valley Bridge Bank, N.A. The […]
BART to Add New Jump-Proof Fare Gates, Double Patrols
BART is moving forward with a purchase of brand-new fare gates to be installed systemwide as part of its latest effort to win riders back and overhaul safety in the system. The new fare gates will bring a new look and improved experience, offering state-of-the-art technology that will boost safety by reducing fare evasion, enhancing […]
Revolv Scores $15 Million Series A
SAN FRANCISCO — Revolv, a full-service provider of electric medium-to-heavy commercial fleets, announced it has closed a $15 million Series A funding round led by an affiliated fund of Greenbacker Capital Management. With the investment, Revolv plans to expand its operations across North America to support the growing demand for decarbonized commercial fleets with light, medium and heavy-duty trucks. The company […]
11 Major Banks Team Up With $30 Billion to Bolster First Republic
Eleven major banks are depositing a combined $30 billion in First Republic Bank of San Francisco in a sign of support for the struggling bank. Bank of America, Citigroup, JPMorgan Chase and Wells Fargo announced they are each making a $5 billion uninsured deposit into First Republic Bank. Goldman Sachs and Morgan Stanley are each […]
FDIC Creates Silicon Valley Bridge Bank
The Federal Deposit Insurance Corporation (FDIC) has transferred all deposits—both insured and uninsured—and substantially all assets of the former Silicon Valley Bank of Santa Clara, to a newly created, full-service FDIC-operated ‘bridge bank’ in an action designed to protect all depositors of Silicon Valley Bank. Depositors will have full access to their money, when Silicon […]