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Updated: 37 min 35 sec ago

What to watch in Intel's Q4 earnings Thursday

Tue, 01/22/2019 - 8:02pm
The chip giant will release fourth quarter and full year results Thursday after the market closes.

Textile company moves from San Francisco to Portland

Tue, 01/22/2019 - 7:48pm
Kestrel Materials is developing a fabric that responds to temperature in order to reduce energy consumption.

American Family Insurance seeks diversity with new Milwaukee tech hub

Tue, 01/22/2019 - 6:28pm
A diverse population and a talent pipeline from local schools were two of the draws for American Family Insurance to grow a technology hub in Milwaukee.  The Madison insurance company announced Tuesday it would take over the naming rights for the Milwaukee Brewers’ stadium. The company declined to comment on how much it paid for the 15-year deal, but said it was one piece of its overall strategy to grow its presence in Milwaukee.  “Our commitment to Milwaukee has never been stronger,” Jack…

IBM exec on Red Hat deal: Reaction 'overwhelmingly positive'

Tue, 01/22/2019 - 6:12pm
IBM’s $34 billion buyout of Raleigh-based Red Hat remains on track, says a top Big Blue exec.   James Kavanaugh, IBM’s chief financial officer, called client response to the pending deal “overwhelmingly positive.” On IBM’s fourth quarter earnings call Tuesday, he pointed to Red Hat’s recently reported bookings as further validation that clients are on board with the deal, “which is all about accelerating hybrid cloud adoption.” And he reminded analysts that more than 99 percent…

Rice Business Plan Competition to dole out more funds this year than 2018

Tue, 01/22/2019 - 6:11pm
The Rice Business Plan Competition, the largest such business plan competition in the world, will give out more money this year than last year. Prizes are expected to exceed $1.5 million this year at the Rice Business Plan Competition, which will be held April 4-6 at Rice University’s Jones Graduate School of Business. Prizes were valued at around $1 million in 2018. The competition is expected to draw more than 500 teams in 2019, according to a release from Rice University. Ultimately, 42…

3D printing drives growth for Carbon beyond shoe soles and dentures

Tue, 01/22/2019 - 5:59pm
The Redwood City-based business doubled its headcount last year and is on track to add up to another 20,000 square feet to its 100,000-square footprint as its workforce further expands.

Stratolaunch cuts space launch vehicles and engine project

Tue, 01/22/2019 - 5:58pm
Three months after Paul Allen's death, his beloved Stratolaunch Systems has shuttered several programs and reportedly scaled back staff to cut expenses. The program moves were confirmed by a Seattle public relations firm representing the aerospace company. Asked about the layoff reports, the firm said it was "not discussing the specifics at this time." “Stratolaunch is ending the development of their family of launch vehicles and rocket engine," the firm said in an emailed statement. The future…

Enlightenment Capital forms another government tech platform

Tue, 01/22/2019 - 5:55pm
Chevy Chase-based aerospace and defense investment firm Enlightenment Capital has taken a stake in a Chantilly security engineering company. System High Corp. becomes the initial investment of a new Enlightenment platform, according to Partner Jason Rigoli, straddling the defense, intelligence and commercial markets for cybersecurity and information assurance technology. Terms of the investment weren’t disclosed. This is the second platform Enlightenment has bankrolled in the last four months,…

Fire, Motorola agree to three-year jersey sponsorship

Tue, 01/22/2019 - 5:52pm
The Chicago Fire Soccer Club have signed a three-year deal with Motorola, making it the club’s new jersey sponsor starting this season. The deal will include the rights to both the first team jersey and the training kit. However, unlike the club’s previous jersey deal with paint company Valspar, it will not include rights to the academy and youth team jerseys. It also does not include the rights to the sleeve patch that Major League Soccer clubs will be able to sell starting in the 2020 season.…

UPS to expand 'smart access' delivery testing to Seattle

Tue, 01/22/2019 - 5:48pm
UPS is broadening the tests for its new delivery technology — moving well beyond the Big Apple to include the home of Amazon.com Inc. United Parcel Service Inc. said Tuesday it will expand its program that enables its package delivery drivers to use Latch smart access to 10 new cities, including Seattle. The technology lets UPS make in-building deliveries to multi-unit buildings. The idea is to increase security and convenience to customers who are not home to receive packages. The Atlanta-based…

Tell us: Do you use Twitter to rant or rave?

Tue, 01/22/2019 - 11:07am
A recent research study found the most stressed-out cities by analyzing wording in 5 million tweets. Tweets using "stress" words were linked to anxiety, anger and negativity. Tell us: Do you use Twitter to vent your frustrations or celebrate life's moments?

Goodyear real estate tech company plans hiring after raising $1.5 million

Tue, 01/22/2019 - 11:00am
The company, which provides an identity verification service for apartment managers, plans to expand its workforce in the wake of its latest funding.

Here's what Littleton, Colo. submitted for Amazon's HQ2

Tue, 01/22/2019 - 10:49am
The city submitted 12 parcels of land for the project.

Tendril's M&A strategy hints at life after 'nine-figure' buyout deal

Tue, 01/22/2019 - 10:48am
Management turned down an acquisition and found a big investment to stay independent and grow.

Stanford to end fund that backs StartX accelerator companies

Tue, 01/22/2019 - 10:34am
Stanford University has announced it will shut down the fund it has used to back companies that emerge from StartX. Randy Livingston, the university's chief financial officer, told the Stanford Daily that the decision was partly due to Stanford's “desire to prioritize investment” in its long-range planning effort, an initiative begun in 2017 chart a course for the school’s future. “We invested in StartX’s program development because we saw the potential for it to provide great value…

Sheryl Sandberg admits Facebook needs to ‘do better’ to protect people in 2019

Tue, 01/22/2019 - 10:32am
Facebook Inc. hasn’t done enough to protect its users, and needs to improve itself to regain public trust, COO Sheryl Sandberg said Sunday at a technology conference in Germany. “Trust is so fundamental to the work we do,” Sandberg said at the DLD Conference. “We need to earn back people’s trust, and we’re not going to do that with words alone, but with the actions we take. “...I and everyone at Facebook understands and accepts the deep responsibility we have. We have acknowledged…

U.S. companies are rolling in cash, and they're growing increasingly fearful to spend it

Tue, 01/22/2019 - 10:23am
Political uncertainty and trade tensions with China have prompted many businesses to take a conservative cash position in recent months, bucking predictions that last year's tax-reform law would spur U.S. companies to reinvest cash from abroad in jobs and expansion at home. A Business Journals analysis of roughly 3,000 public companies found total cash holdings declined on a year-over-year basis through the third quarter, with many companies using repatriated cash for stock buybacks, acquisitions…

Dosh raises another $40M for cash-back app

Tue, 01/22/2019 - 10:00am
The financial-technology startup led by co-founder and CEO Ryan Wuerch announced Tuesday a $40 million series B funding, nine months after closing a $44 million series A round. Here's what the company is doing with all that capital.

Tesla faces $920M cash crunch if it can’t improve its stock price by March 1

Tue, 01/22/2019 - 9:45am
Tesla could be weeks away from paying out $920 million in cash to bondholders, potentially wiping out much of the company’s war chest, CNBC reports. With time running out, Tesla hopes to increase its stock price to $359.87 per share by March 1, a threshold that would allow the company to instead pay its bondholders in equity, rather than cash. The company’s stock hasn’t traded above $359 per share since mid-December, and crashed to as low as $300 per share on Friday, after CEO Elon Musk warned…

Denver-area cable company laying off more than 200 employees

Tue, 01/22/2019 - 9:45am
The affected employees are based in Colorado Springs.

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