Chipotle Mexican Grill on Thursday (Jan. 28) announced a pilot test of its new carside pickup program. Chipotle Carside will be tested at 29 of the chain's California restaurants, with plans for a national rollout later in 2021.
Westbank Corp. is laying out its multibillion dollar vision for remaking downtown San Jose. The real estate company this week unveiled new renderings of five projects it's developing in the city's center and its overarching development plan.
Gross domestic product (GDP) went up 4 percent in the fourth quarter of 2020, slightly below economists' forecasts of 4.3 percent, according to a report from the Bureau of Economic Analysis (BEA) on Thursday (Jan. 28). It was anticipated that economic activity would slow down considerably after the third quarter's 33.4 percent hike.
SANTA CLARA, Calif., Jan. 27, 2021 /PRNewswire/ -- Silicon Valley Bank (SVB) (Nasdaq: SIVB), the bank of the world's most innovative companies and their investors, today announced that it is one of 380 companies across 11 sectors included in the 2021 Bloomberg Gender-Equality Index (GEI).
SANTA CLARA, Calif., Jan. 26, 2021 /PRNewswire/ -- SVB Financial Group ("SVB") (NASDAQ: SIVB) today announced the pricing of an underwritten offering of 750,000 depositary shares, each representing a 1/100 th interest in a share of its Series B Non-Cumulative Perpetual Preferred Stock, liquidation amount $100,000 per share (equivalent to $1,000 per depositary share) at an aggregate offering price of $750 million.
Silicon Valley venture capitalists are hard to impress. In 2009, Jim McKelvey and his business partner, Twitter co-founder Jack Dorsey, won over the VC crowd with their pitch for and its signature tiny, white credit-card reader. I recently talked to McKelvey about his new book, , and the original pitch for Square that top VC's said was the best pitch they'd ever seen.
Silicon Valley venture capital firm TCV said on Wednesday it raised $4 billion for its 11th fund, the biggest fund in its 25-year history, after many of the portfolio companies in its previous funds boosted their business amid the pandemic.
US solar company Distributed Solar Development has closed a US$300 million debt facility from Credit Suisse to develop a series of commercial, industrial and distributed generation projects. DSD, which is backed by BlackRock Real Assets' Global Renewable Power platform and GE Renewable Energy, expects to close "multiple financing deals" similar to the Credit Suisse loan by the end of winter.
The US Federal Reserve has announced that more than 110 organizations will participate in the FedNow Pilot Program. FedNow is a payments initiative to speed up payments and transfers. A consultation with a variety of stakeholders took place in 2018 with the concept of FedNow emerging as a new interbank real-time service seeking to support instant payments in the United States.
SANTA CRUZ, Calif., Jan. 27, 2021 /PRNewswire/ -- Santa Cruz County Bank(OTC Pink: SCZC), with assets over $1.4 billion, is a top rated community bank headquartered in Santa Cruz County. Today the bank announcedunaudited earnings for the fourth quarter and year ended December 31, 2020.
SANTA CLARA - Valtix, operator of a cloud-native network security platform, announced it has secured $12.5 million in strategic funding from Cisco Investments, Northgate Capital and The Syndicate Group. These new investors join Trinity Ventures, Vertex Ventures and Wing Venture Capital, which committed $14 million in initial funding when the company launched in 2019.
Editor's note: Due to an editing error, Nationwide's Erik Ross was inadvertently left out of our insurtech venture capital roundtable. We're posting his answers here and adding them to our full piece, which you can find here. Thanks to Erik and everyone who contributed.
Over the course of just a few months, the wine industry had to evolve dramatically due the Covid-19 pandemic. But, according to an industry forecast, that evolution could lead to better days ahead. Earlier this month, Silicon Valley Bank released its 20th annual State of the Wine Industry Report.
A former branch manager of a Tustin Comerica bank was sentenced Monday, Jan. 25, to more than three years in prison for stealing in excess of $1 million from a customer with dementia, the U.S. Attorney's Office said.
In 2020, the pandemic caused producers and consumers of wine to embrace ecommerce to a degree nobody could have expected. As 2021 begins, a widely followed industry report and wine retailers predict online wine sales will continue to grow.
Tealbook Inc. , a Toronto, Canada-based supplier data platform provider, closed a $14.4m (USD) Series A funding round. The round was led by RTP Global with participation from BDC Capital, Grand Ventures, Reciprocal Ventures, Refinery Ventures, S&P Global, Stand Up Ventures and Workday Ventures and with debt financing from Silicon Valley Bank.
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San Francisco was awesome-until it wasn't. Silicon Valley and San Francisco became the epicenter of the technology revolution that changed the world. Moving to San Francisco was like the Gold Rush all over again. It was the mecca for young people to earn their fortunes.
Swansea-based BayCoast Bank has promoted Mitchell Brouillard to assistant vice president of e-commerce and fintech. BOND Brothers Boston-based BOND Brothers construction management and general contracting firm has promoted Tony Bond to CEO and president. Tony Bond replaces Edward Bond Jr. as CEO and Robert Murray as president. Edward Bond Jr.
In his big, bright airy space, Eichhorst sells wines crafted by winemakers who have as much respect for the land as they do for the winemaking process. Wine should come from the fruit and the natural processes rather than be pushed along by chemical or mechanical intervention, he said.