Visa, Uber team up on rewards program
Uber users can earn free rides by making purchases from nearby merchants under a rewards program. Each dollar spent on a Visa card at a participating business earns an “Uber point” under the Local Offers […]
2016
Cozy raises $8.4M to fuel growth of property rental management platform
Portland-based Cozy announced an $8.45 million funding round that will help the startup grow its property rental management platform. American Family Ventures, the VC arm of American Family Insurance, led the Series B round, which included participation from all […]
Glint, HR Artificial Intelligence raised $27M
Glint uses Artificial Intelligence to tell what your employees think. Subtle changes in what employees think about compensation or product road maps, or how they feel about specific leaders can often be accurate predictors of future […]
Uber’s path to IPO could be rocky
Uber’s $69 billion valuation and large quarterly losses will make for a difficult initial public offering, John Divine argues. The company is valued at about 17.9 times sales, and it would presumably seek an even […]
South Korea plans expansionary budget for 2017
The South Korean government is looking to stay in “expansionary” mode next year with a budget of 400.7 trillion won that’s up 1.4% from this year’s budget, including the supplemental allocation for the second half. […]
Alphabet subsidiary Nest Labs is undergoing yet another restructuring
Alphabet subsidiary Nest Labs is undergoing yet another restructuring, becoming part of Google’s (GOOG, GOOGL) internet-of-things team, in a unified division headed by Hiroshi Lockheimer, Fortune reports. The combined group also will continue to work […]
Airbus delivered more aircraft in August than for the same period in any previous year
Airbus delivered more aircraft in August than for the same period in any previous year, a feat that would improve its chances of meeting 2016 targets after earlier delays in receiving parts. The company’s previous […]
REITs to have separate index sector
Real estate investment trusts will be broken out into a group in the Standard & Poor’s 500 index under the Global Industry Classification Standard. The change allows a better gauge of sector performance and is […]
France joins Germany in sounding death knell for trans-Atlantic trade pact
Brexit’s impact and upcoming elections are undermining the EU’s chances for a trans-Atlantic trade deal with the US, so France is urging that negotiations be halted. Matthias Fekl, France’s trade minister, said he would make […]