Business News

Lyft gets $1 bn from Google parent to rev up challenge to Uber

US ridesharing giant Lyft announced Thursday it has received a $1 billion investment led by the venture arm of Google parent Alphabet, to help ramp up its challenge to market leader Uber.

21 hours ago from

Other sources:,, Arstechnica, Daily Mail, AP (2) show all (13) »

Microsoft, Green Bay Packers launch tech initiative in Wisconsin

Microsoft is making a move into Green Bay Packers country, expanding its efforts to bring digital connectivity and tech training to small cities and rural areas across the country.

35 minutes ago from

Other sources:, Reuters Technology show all (3) »

Grab raises $700M in debt to add more drivers to its ride-hailing service in Southeast Asia

 Grab is in the process of raising $2.5 billion for it ride hailing service in Southeast Asia, but that hasn’t stopped the Uber rival from tapping banks for $700 million in debt facilities ...

2 hours ago from TechCrunch

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Workers at iPhone supplier in China protest unpaid bonuses

Hundreds of workers streamed through dark streets, blocking an entrance to an Apple iPhone supplier's factory in eastern China to protest unpaid bonuses and factory reassignments, two witnesses ...

21 hours ago from

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IU business law scholars: Leidos case shouldn't have reached Supreme Court

One of the most anticipated cases to be argued before the U.S. Supreme Court this term—Leidos v. Indiana Public Retirement System—was settled Monday. But two professors in Indiana University's ...

9 hours ago from

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New Tesla lawsuit accuses company of LGBT discrimination

Tesla has just been hit with its second discrimination lawsuit in as many days. Just yesterday, the company was sued for racial harassment in its factories. A few months back, its diversity ...

18 hours ago from Engadget

Other sources:, Engadget (2), Arstechnica show all (4) »

Chinese local services giant Meituan-Dianping raises $4B led by Tencent and Priceline

 There’s a huge funding round from one of the top local services companies in China. Meituan-Dianping, a company formed by a multi-billion dollar merger in 2015, said today that it ...

22 hours ago from TechCrunch

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PayPal quarterly profit beats on higher mobile transaction volume

(Reuters) - Payment processor PayPal Holdings Inc reported a better-than-expected quarterly profit on Thursday, helped by mobile payments volume that more than doubled.

19 hours ago from Reuters Technology

Other sources: TechCrunch, Reuters Technology (9) show all (3) »

MongoDB finishes up 34% in database IPO

 New York-based MongoDB went public on the Nasdaq on Thursday, finishing the day at $32.07, up 34% above its IPO price of $24. This is also above the proposed range of $20 to $22, which ...

20 hours ago from TechCrunch

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Blue Apron is laying off hundreds of employees

 As Blue Apron approaches its next earnings report in a couple weeks, the company said Wednesday that it is laying off 6% of its staff as part of “a company-wide realignment of personnel ...

Wed 18 Oct 17 from TechCrunch

Other sources: TechCrunch show all (2) »

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