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Updated: 3 hours 40 min ago

HQ2 disclosures show Amazon left billions on the table

Fri, 11/16/2018 - 8:34pm
Amazon.com (Nasdaq: AMZN) will receive billions in subsidies from agencies in New York, Virginia and Tennessee as it expands its North American headquarters, although it stood to reap a great deal more had it selected other locations. Following the Seattle-based company's announcement this week to split its next North American headquarters among cites in Arlington,Virginia, and Long Island City, New York — with a smaller logistics operation planned for Nashville, Tennessee — details finally…

Google, San Jose unveil purchase agreement for prime land eyed for urban tech campus

Fri, 11/16/2018 - 8:32pm
Google and the city of San Jose have wrapped up 17 months of negotiations over a spate of publicly owned land where the tech titan aims to build a massive mixed-use campus for as many as 20,000 workers. The long-awaited agreement offers a list of broad goals and outlines how much Google is expected to pay for about 10.5 acres of publicly owned land in the heart of the city.

Embracing change before and while it happens

Fri, 11/16/2018 - 6:00pm
Change is inevitable in any business. Whether it is adding new staff who have to figure out how to work with each other or bringing a new product to market one thing is certain. Things will never again be as they are today. While most people expect change and see it as a positive thing others resist change and fear how it will affect them. Getting in front of the conversation is something every good manager can and must do. There are several simple steps you can do to get people ready for what…

Data center developer sued over subcontractor payment

Fri, 11/16/2018 - 5:53pm
San Jose-based electrical contractor Rosendin Electric Inc. has filed suit against the developer of a large new data center in Sacramento.

With Amazon’s selection complete, what’s next for the CIT building?

Fri, 11/16/2018 - 5:46pm
Most of the tenants will be moving out by the end of the year.

Google Cloud CEO to depart and be replaced by former Oracle president

Fri, 11/16/2018 - 5:26pm
Cloud computing executive Diane Greene is departing as head of Alphabet Inc.'s Google Cloud division and will be replaced by former longtime Oracle Corp. executive Thomas Kurian, the company said Friday. Greene joined Google in 2015 when the search giant bought her startup, Bebop, for $380 million. Previously, she had been a co-founder of Palo Alto-based cloud virtualization company VMware. Greene, who will remain on Alphabet's board, said she plans to shift to philanthropy and education initiatives…

20 startups win funding from Arch Grants

Fri, 11/16/2018 - 5:22pm
Arch Grants, the St. Louis nonprofit that awards $50,000 non-equity grants to startups, said Friday that it's awarded $1 million to 20 companies.   Of the 20 winning companies, 11 are from St. Louis. Two are based outside the U.S. As part of the Arch Grants award, each of the companies will commit to operating their business from St. Louis for at least one year. Since its founding in 2012, Arch Grants has awarded more $7 million in grants to over 130 early-stage companies. The startups have gone…

HQ2 disclosures show Amazon left billions on the table

Fri, 11/16/2018 - 5:07pm
Amazon.com (Nasdaq: AMZN) will receive billions in subsidies from agencies in New York, Virginia and Tennessee as it expands its North American headquarters, although it stood to reap a great deal more had it selected other locations. Following the Seattle-based company's announcement this week to split its next North American headquarters among cites in Arlington, Virginia, and Long Island City, New York — with a smaller logistics operation planned for Nashville, Tennessee — details finally…

Milwaukee medical billing analytics startup reaches $1M funding goal

Fri, 11/16/2018 - 4:56pm
Milwaukee medical billing analytics company Sift Healthcare, formerly Sift Medical Data, has reached its $1 million funding goal, according to a news release from the company. Winnebago Seed Fund, a venture capital fund based in Neenah, led the round of funding. Additional investors include Wind River Financial, a Madison-based payment processing company that is partnering with Sift Healthcare to deliver its payment solutions technology to health care providers. In August, the startup reported…

BlackBerry to acquire SoCal cybersecurity firm for $1.4 billion

Fri, 11/16/2018 - 4:54pm
Cybersecurity firm Cylance Inc. was reportedly poised to go public. Instead, the Irvine, California-based cybersecurity firm will sell to BlackBerry Ltd. for $1.4 billion. The cash deal will mark the largest acquisition ever for BlackBerry (NYSE: BB), the Canadian company once known for its keyboard mobile devices that has since pivoted to supporting Enterprise of Things. BlackBerry plans to integrate Cylance technology into its Spark communications platform in the future. The company will operate…

Google Cloud CEO to depart and be replaced by former Oracle president

Fri, 11/16/2018 - 3:33pm
Cloud computing executive Diane Greene is departing as head of Alphabet Inc.'s Google Cloud division and will be replaced by former longtime Oracle Corp. executive Thomas Kurian, the company said Friday. Greene joined Google in 2015 when the search giant bought her startup, Bebop, for $380 million. Previously, she had been a co-founder of Palo Alto-based cloud virtualization company VMware. Greene, who will remain on Alphabet's board, said she plans to shift to philanthropy and education initiatives…

9 Colorado companies make Deloitte’s list of fastest-growing tech companies

Fri, 11/16/2018 - 3:32pm
Editor's note: This story comes from our online sister publication, Colorado Inno, which focuses on the Colorado startup scene. Want more stories about startups and innovation in Colorado? Subscribe to the Beat by Colorado Inno, a free daily email newsletter that breaks down everything you need to know. Deloitte released its annual list of the fastest-growing tech companies in North America, and nine Colorado companies made the list. In Deloitte’s 2018 North America Technology Fast 500, which measured…

MBB Agency goes national with doctor/patient matching tool

Fri, 11/16/2018 - 3:31pm
Bob Waddell of MBB Agency and Doug Spear of Shawnee Mission Health talk about the tool and its value.

The Funded: 9 Bay Area companies raise nearly $600M at week's end

Fri, 11/16/2018 - 3:26pm
Nearly $600 million in funding and two acquisitions topped Bay Area venture news at the end of the week. Here are the details: Automation Anywhere Inc., San Jose, $300 million: SoftBank Vision Fund led the second big funding of the year for this provider of robotic process automation. Read more here. Formagrid Inc. (dba Airtable), San Francisco, $100 million: Investors in the Series C round of this provider of a coding platform for non-techies included Thrive Capital, Benchmark, Coatue Management,…

Inside Look: Take a peek at St. Louis' new maker space

Fri, 11/16/2018 - 3:19pm
The facility's capabilities includes laser cutting, 3D printing, sewing and embroidery, a wood shop, waterjet cutting, metalworking, machining, plastic fabrication and powdercoating.

T-Mobile-Sprint deal could come in first quarter of next year, signaling shakeup for AT&T

Fri, 11/16/2018 - 3:13pm
A T-Mobile U.S. executive signaled the tie-up with Sprint could be coming in a matter of months, giving AT&T a massive new rival as it tries to manage its own challenges. Chief Financial Officer J. Braxton Carter expressed confidence amid the regulatory review process for the merger during a discussion at a Morgan Stanley event in Barcelona. The deal could close in the first quarter, he said, noting the company has been providing documentation to the U.S. Department of Justice and the Federal…

10-year-old Durham startup acquired

Fri, 11/16/2018 - 3:10pm
A 10-year-old Bull City cleantech with customers such as Dunkin' Donuts and KFC has been acquired by another Durham firm. American Efficient has purchased PlotWatt. Financial terms were not disclosed. American Efficient, founded in 2011, calls itself “one of America’s largest aggregators of energy efficiency resources.” With PlotWatt, an energy analytics firm, the combined entity “can transform consumers’ investments in energy efficiency into valuable grid resources in groundbreaking…

Fidelity picks tech exec to lead money managers

Fri, 11/16/2018 - 3:07pm
Asset management executives like to say that these days, they consider their companies to be technology firms as much as they do investment firms. On Friday, Fidelity Investments offered more evidence for that new adage. The company named one of its top technology executives, Steve Neff, to serve as head of asset management, one of the highest-ranking positions at the investment giant. Neff will replace Charlie Morrison, who will soon retire from Fidelity after more than three decades at the company,…

Is Amazon's Nashville announcement a threat to Memphis-based FedEx?

Fri, 11/16/2018 - 3:03pm
With every Amazon innovation, one question quickly follows: Is it a threat to FedEx Corp.? Amazon.com Inc. made the headlines of the year on Tuesday by finally announcing the long-speculated and anticipated locations for its second headquarters, which will be split between Crystal City and Long Island City in Queens. The e-commerce giant also revealed plans for an East Coast operations hub in Nashville, Tennessee, that would employ 5,000 people. Tennessee Gov. Bill Haslam described the Nashville…

Check out the country's first cashierless Sam's Club

Fri, 11/16/2018 - 2:59pm
Stepping into the new Sam's Club Now, shoppers will notice lockers to safely charge their phones, a machine that dispenses free samples, and screens demonstrating the best way to make chocolate ganache. There’s a station with fresh sushi and another display with grab-and-go meals. There’s a variety of produce, baked goods, meats and other grocery items for easy pickup. But customers won't find the same giant jugs of cooking oil or four-packs of peanut butter they might be used to seeing at…

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