Business and Technology News


    Marshawn Lynch partners with wireless carrier to launch ‘Beast Mobile’ cell plan


    Marshawn Lynch may no longer be a Seahawk, but that's not stopping a Seattle-area wireless carrier from teaming with the NFL star for a new phone service called Beast Mobile. A hero in Seattle sports history thanks to his six years as a running back for...

    Marshawn Lynch may no longer be a Seahawk, but that's not stopping a Seattle-area wireless carrier from teaming with the NFL star for a new phone service called Beast Mobile. A hero in Seattle sports history thanks to his six years as a running back for the Seahawks, the partnership is just the latest business venture built around Lynch's Beast Mode persona.

    Hewlett Packard Enterprise to cut at least 5,000 jobs


    Hewlett Packard Enterprise Co. is planning to cut about 10 percent of its staff, or at least 5,000 workers, according to people familiar with the matter. It is part of a broader effort to pare expenses as competition mounts. The...

    Hewlett Packard Enterprise Co. is planning to cut about 10 percent of its staff, or at least 5,000 workers, according to people familiar with the matter. It is part of a broader effort to pare expenses as competition mounts. The reductions are expected to start before the end of the year, said the people, who asked not to be identified because the matter is private. The cuts at the company, which has about 50,000 workers, are likely to affect workers in the U.S. and abroad, including managers, the sources said. A Hewlett Packard Enterprise representative didn’t immediately respond to requests for comment.

    Business News Roundup, Sept. 22


    Startups Pact settles FTC claims Pact, the maker of an app that allowed customers to bet on themselves making healthy choices, has settled claims by...

    Startups Pact settles FTC claims Pact, the maker of an app that allowed customers to bet on themselves making healthy choices, has settled claims by the Federal Trade Commission that Pact wouldn’t pay. FTC said Thursday that Pact and its founders, Yifan Zhang and Geoffrey Oberhofer, violated federal consumer protection laws. Pact, which was founded in San Francisco and moved to Seattle in 2015, has agreed to repay $940,000 to customers. The remainder of the $1.5 million judgment against the company was suspended.

    Whole Foods Market to open first Bay Area 365 store in Concord in December


    Whole Foods Market announced that it will open the first Northern California location of its new lower-priced chain, Whole Foods Market 365, in Concord on Dec. 6. The company has already opened six 365 stores, which are smaller and have more grab-and-go...

    Whole Foods Market announced that it will open the first Northern California location of its new lower-priced chain, Whole Foods Market 365, in Concord on Dec. 6. The company has already opened six 365 stores, which are smaller and have more grab-and-go options than its traditional supermarkets. The news comes just a few weeks after Amazon’s purchase of the upscale grocery store became final and it lowered prices on many supermarket items, which led to a reported 25 percent increase in foot traffic for the first two days post-acquisition, according to data from Foursquare.

    Tim Cook’s legacy, colorful Trix, Palo Alto Networks’ headquarters


    Hear, here “I hope that when my toes point up, if people say he was a good and decent man, that is good enough for me. That's my goal.” Apple CEO Tim Cook,...

    Hear, here “I hope that when my toes point up, if people say he was a good and decent man, that is good enough for me. That's my goal.” Apple CEO Tim Cook, discussing his legacy in an interview at the Bloomberg Global Business Forum in New York on Wednesday. Cereal wars Turns out that kids prefer Red 40, Blue 1 and Yellow 6 over radishes, purple carrots and turmeric, the Wall Street Journal reports. General Mills will bring back the artificial colors of Trix, which it started making with all-natural ingredients last year.

    Facebook to turn over ads bought by Russian agency to congressional investigators


    Facebook will provide the contents of 3,000 ads bought by a Russian agency to congressional investigators, bowing to pressure that it be more forthcoming with information that could shed light on possible interference in the 2016 presidential election. ...

    Facebook will provide the contents of 3,000 ads bought by a Russian agency to congressional investigators, bowing to pressure that it be more forthcoming with information that could shed light on possible interference in the 2016 presidential election. The social media giant also said that it will make political advertising on its platform more transparent. It will require ads to disclose who paid for them and what other ads they are running at the same time. That’s key, because political ads on social media may look different depending on who they’re designed to reach, a tactic designed to improve their effectiveness.

    SEC computer system hacked despite warnings on security


    The federal agency responsible for ensuring that markets function properly and for protecting investors is under fire after disclosing its computer system was hacked despite repeated warnings about deficiencies in its cybersecurity measures. ...

    The federal agency responsible for ensuring that markets function properly and for protecting investors is under fire after disclosing its computer system was hacked despite repeated warnings about deficiencies in its cybersecurity measures. The Securities and Exchange Commission said late Wednesday that it discovered a breach to its corporate filing system last year but only became aware last month that information obtained by the attackers may have been used for illegal trading gains. The agency did not explain why the initial hack was not revealed sooner, or which individuals or companies may have been impacted.

    Co-working space offers treadmill desks, kitchen and more


    MINNEAPOLIS — When Anne Hendrickson was driving around the Twin Cities as a freelance consultant, she found herself wishing for a space where she could easily combine work with physical activity. The ambition inspired Work It LLC, a...

    MINNEAPOLIS — When Anne Hendrickson was driving around the Twin Cities as a freelance consultant, she found herself wishing for a space where she could easily combine work with physical activity. The ambition inspired Work It LLC, a business Hendrickson opened last month in St. Paul. It’s a co-working space that rents desks to freelancers, with the twist that clients can walk on treadmills or pedal a stationary bike while they work. There’s also a small on-site gym, showers and a kitchen complete with free olive oil for cooking. Hendrickson hopes the action-oriented amenities will help the business stand out in the increasingly crowded co-working market.

    Ship traffic, September 22


    Ship traffic Due to arrive today SHIP ...

    Ship traffic Due to arrive today SHIP FROM PORT APL Thailand Pacific Lightering Area OAK

    Google reportedly close to buying HTC assets to boost hardware


    Google is biting off a big piece of device manufacturer HTC for $1.1 billion to expand its efforts to build phones, speakers and other gadgets equipped with its arsenal of digital services. The company is buying the HTC team that built...

    Google is biting off a big piece of device manufacturer HTC for $1.1 billion to expand its efforts to build phones, speakers and other gadgets equipped with its arsenal of digital services. The company is buying the HTC team that built the Pixel smartphone for Google in a cash deal, they said in a joint statement Thursday. Google is also getting a non-exclusive license for Taiwan-based HTC’s intellectual property to help support Pixel phones. The deal underscores how serious Google is becoming about designing its own family of devices to compete against Apple and Amazon in a high-stakes battle to become the technological hub of people’s lives.

    Nest announces new hardware products in answer to critics


    Nest, the struggling high-tech hardware company owned by Alphabet, unveiled a lineup of new devices on Wednesday: an Internet-connected outdoor camera, a video doorbell and a security system that the company says can be installed by consumers in under 30...

    Nest, the struggling high-tech hardware company owned by Alphabet, unveiled a lineup of new devices on Wednesday: an Internet-connected outdoor camera, a video doorbell and a security system that the company says can be installed by consumers in under 30 minutes. The Palo Alto company has faced pressure to unveil new products, not just iterations of its existing devices, and some analysts said Nest was doing just that. “This has the chance to get Nest on track with their competitors,” said Patrick Moorhead, president of Moor Insights and Strategy. Yet some of the devices Nest presented won’t go on sale until next year, while competitors continue to grab pieces of a growing market.

    Business News Roundup, Sept. 21


    Social media Facebook alters policies for ads Facebook is apologizing for letting advertisers use phrases like “Jew-haters” as criteria and for...

    Social media Facebook alters policies for ads Facebook is apologizing for letting advertisers use phrases like “Jew-haters” as criteria and for not noticing it until it was pointed out. The company is also tightening policies and tools that let businesses tailor advertisements to its 2 billion users, hoping to ensure that this doesn’t happen again. The move follows a ProPublica report that found advertisers could use terms such as “how to burn Jews” to design ads for people with those terms in their profile.

    EU’s tax proposals signal new fights with tech firms


    BRUSSELS — The European Union’s offensive against Silicon Valley looks as if it is likely to resume, as officials in Brussels consider a raft of proposals designed to increase the amount of tax paid by digital titans like Facebook and Amazon. ...

    BRUSSELS — The European Union’s offensive against Silicon Valley looks as if it is likely to resume, as officials in Brussels consider a raft of proposals designed to increase the amount of tax paid by digital titans like Facebook and Amazon. The new proposals, a copy of which were reviewed by the New York Times on Wednesday, broadly seek to tax Internet companies in the countries where they generate their business, rather than allow them to shift profits to jurisdictions with lower rates. But the plans will give ammunition to critics who argue the European Union unfairly singles out the U.S. technology sector.

    Facebook to lease 436,000 square feet of office space in San Francisco


    Following a rumor this summer suggesting that Facebook Inc. would be setting up a San Francisco office space, the Menlo Park-based social network company confirmed to San Francisco Business Times that it would be settling into a massive portion of a...

    Following a rumor this summer suggesting that Facebook Inc. would be setting up a San Francisco office space, the Menlo Park-based social network company confirmed to San Francisco Business Times that it would be settling into a massive portion of a building in the city's Financial District.