Industry News

Lyft Raises $1 Billion in Round Led by Alphabet's CapitalG

Ride-hailing startup Lyft raised $1 billion in a funding round led by Alphabet’s CapitalG unit, boosting its valuation by nearly 50% as it eyes expansion.

Source: WSJ.com: US Business | 19 Oct 2017 | 6:09 pm

PayPal Posts Stronger-Than-Expected Results on Mobile Growth

PayPal Holdings said its third-quarter profit rose 18% from a year earlier, thanks in part to new records in customer accounts and the payment volume it processed.

Source: WSJ.com: US Business | 19 Oct 2017 | 6:08 pm

GOP Divided Over Monetary Policy as Fed Chief Pick Looms

After criticizing the Fed for the past eight years, Republicans have a chance to change the course of the central bank when President Donald Trump nominates someone to take the helm in early 2018. But they are divided over which direction monetary policy should take.

Source: WSJ.com: US Business | 19 Oct 2017 | 6:06 pm

Jeff Bezos's Blue Origin test fires game-changing rocket engine - CNNMoney


CNNMoney

Jeff Bezos's Blue Origin test fires game-changing rocket engine
CNNMoney
Blue Origin's new rocket engine just took its first fiery breath on Thursday, a major step forward in the quest to end U.S. reliance on Russian engines. The commercial space outfit, headed by Amazon (AMZN, Tech30) CEO Jeff Bezos, took to Twitter to ...
Rocket tests and wind farms. Jeff Bezos had more on his mind today than just who wants to host an Amazon HQ.Washington Post
Blue Origin Test Fires Powerful Heavy Lift BE-4 Rocket EnginePopular Mechanics
Blue Origin space venture fires up BE-4 rocket engine, marking a win for Jeff BezosGeekWire
Ars Technica
all 8 news articles »

Source: Business - Google News | 19 Oct 2017 | 6:02 pm

Trick or Treat? Italian Candy Maker Comes Knocking on U.S. Door

Italian confectioner Ferrero just bit off another piece of the U.S. candy market and is already thinking about taking a much bigger bite—a bid to buy Nestlé’s U.S. candy business.

Source: WSJ.com: US Business | 19 Oct 2017 | 5:54 pm

WeWork: A $20 Billion Startup Fueled by Silicon Valley Pixie Dust

The office-space provider’s 38-year-old CEO sells tech investors on his vision for communal workplaces that appeal to millennials—while critics call it an overvalued real-estate play.

Source: WSJ.com: US Business | 19 Oct 2017 | 5:47 pm

Stitch Fix, in IPO Filing, Reveals Annual Sales of Nearly $1 Billion

Apparel retailer Stitch Fix, which sends customers boxes of preselected outfits, has filed for an initial public offering and revealed just how quickly its business has grown at a time when traditional clothing chains are struggling.

Source: WSJ.com: US Business | 19 Oct 2017 | 5:39 pm

China's Bright Economic Future Is Bound Up in the Past

President Xi Jinping this week lauded China’s transition to high-quality growth, but for now smokestack industries carry the economy—and much-touted efforts to relieve long-term ills are running into short-term reality.

Source: WSJ.com: US Business | 19 Oct 2017 | 5:28 pm

Chevron Temporarily Suspending Operations in Iraqi Kurdistan

Chevron is temporarily suspending its operations in Iraqi Kurdistan, as an Iraqi backlash against Kurdish independence is quickly reordering the region’s booming energy business.

Source: WSJ.com: US Business | 19 Oct 2017 | 4:53 pm

Wal-Mart's Answer to Amazon? Its Own Web Mall

Wal-Mart is near a deal with Lord & Taylor that would give the department store dedicated space on walmart.com, a potential first step in creating an online mall shoppers could access from Wal-Mart’s website.

Source: WSJ.com: US Business | 19 Oct 2017 | 4:34 pm

FDA Approves Gene Therapy to Treat Large B-Cell Lymphoma - TheStreet.com


TheStreet.com

FDA Approves Gene Therapy to Treat Large B-Cell Lymphoma
TheStreet.com
Gilead Sciences' Kite will make a futuristic one-time dose that claims to cure a rare blood cancer in a few weeks. It costs about a third of a million dollars. ByCherella Cox. Oct 19, 2017 4:32 PM EDT. It's a futuristic shot that claims to cure cancer ...
Gilead Gets FDA Approval for New Cancer TherapyWall Street Journal

all 106 news articles »

Source: Business - Google News | 19 Oct 2017 | 4:32 pm

Stitch Fix has filed for an IPO, and the numbers look good - TechCrunch


Fast Company

Stitch Fix has filed for an IPO, and the numbers look good
TechCrunch
Stitch Fix has filed to go public, finally revealing the financial guts of the startup which will be a test of modern e-commerce businesses that are looking to hit the market — and the numbers look pretty great! Let's start off really quick with ...
How Stitch Fix's Data-Driven Styling Could Boost its IPO ValueBloomberg
Stitch Fix Files for IPO in New Test for E-Commerce UpstartsFortune
Stitch Fix just filed for an IPOBusiness Insider
Recode -CNBC -Wall Street Journal -San Francisco Business Times
all 24 news articles »

Source: Business - Google News | 19 Oct 2017 | 4:31 pm

FBI Probes Chinese Businessman Linked to North Korean Trade

The U.S. Federal Bureau of Investigation is looking into a Chinese business owner who was linked to a ship found smuggling North Korean rocket-propelled grenades last year, and who has ties to a North Korean trade and financing network, according to people familiar with the matter.

Source: WSJ.com: US Business | 19 Oct 2017 | 4:26 pm

Lyft raises $1 billion from big new ally in battle with Uber - Chicago Tribune


Chicago Tribune

Lyft raises $1 billion from big new ally in battle with Uber
Chicago Tribune
Google's parent company, Alphabet Inc., is throwing its financial support behind ride-hailing service Lyft, deepening its rift with market leader Uber. (Paul Sancya / AP). Eric NewcomerBloomberg. Lyft raised $1 billion in a deal that values the ride ...
Opinion: A quarter of American drivers might be better off using Uber or Lyft than owning a carMarketWatch
Lyft raises $1 billion, led by Alphabet's CapitalGSFGate
Alphabet leads $1 billion investment in Lyft, but is GM on the way out?Ars Technica
WHIO -Forbes -CNET -CBS News
all 102 news articles »

Source: Business - Google News | 19 Oct 2017 | 4:16 pm