Business

British online payments start-up GoCardless has landed a $75 million investment backed by U.S. tech giants Alphabet — the parent company of Google — and Salesforce. The funding round was co-led by Alphabet’s venture arm GV and private equity firm Adams Street Partners. Existing investors Accel, Balderton Capital, Notion Capital and Passion Capital also contributed.
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China on Thursday reported imports and exports data for December that easily topped expectations amid its trade dispute with the U.S. That better-than-expected news comes a month after China’s customs data showed imports and exports both fell unexpectedly in December. January dollar-denominated imports fell 1.5 percent, which was far better than expectations of a 10
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After a paltry holiday box office last year, Disney is betting on the massive “Frozen” and “Star Wars” franchises to score big in 2019. On Wednesday, the company dropped its first teaser trailer for “Frozen 2,” the highly anticipated sequel to the 2013 hit. Watch it here: Tweet Disney Audiences have been patiently awaiting the
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LOS ANGELES — In his first state of the state address on Tuesday, California Gov. Gavin Newsom proposed “a new data dividend” that could potentially allow residents to get paid for providing access to their data. “California’s consumers should also be able to share in the wealth that is created from their data,” Newsom said,
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The Food and Drug Administration began its crackdown on the opioid epidemic Tuesday with a warning letter sent to drug distributor McKessson for allegedly shipping “illegitimate” product, taking the agency’s first formal enforcement action to curb abuse. Specifically, the FDA is accusing McKesson of failing to identify, quarantine and investigate drug shipments that had been
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Salesforce.com is rolling out a new tool as part of its Health Cloud platform to help hospitals and insurers spot environmental and social issues that can affect a person’s health, like income or access to transportation, to connect patients with more services. There is growing emphasis in health care to try to address economic issues
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Ranchers, farmers and industry groups are trying to slowing the momentum of popular products like the Impossible Burger, according to The New York Times — by defending the definition of the word “meat.” According to the report, the animal products lobby is moving to convince state lawmakers to implement legislation that makes clear that only
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Google’s top policy chief has called for “common rules of the road” globally when it comes to the regulation of technology, amid ongoing debate around the world on how to create legislation for the internet economy. Karan Bhatia, vice president of global public policy and government relations at Google, said that while a one size
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Apple on Thursday threatened to remove applications from the App Store if they record users’ actions without their explicit permission. Earlier this week, TechCrunch reported that iPhone apps from Expedia, Air Canada and Hollister were using “session replay” software from a company named Glassbox that allowed them to record a user’s actions, such as screen
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Philip Morris International on Thursday reported quarterly earnings and revenue that beat analysts’ expectations. Shares of the company rose 4 percent in premarket trading. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv: Earnings per share: $1.25, adjusted, vs. $1.16 expected Revenue: $7.5 billion
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After years of struggling to compete with lower-cost Chinese counterparts, European telecommunications companies Nokia and Ericsson stand to win big from the U.S.-China trade war, CNBC’s Jim Cramer argued Wednesday. “These once-beleaguered companies now have a chance to win the race for 5G supremacy,” he said on “Mad Money.” “Their equipment might be more expensive
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Facebook on Tuesday night announced it revamped its performance review system and will now tie employee bonuses to new criteria, such as “making progress on the major social issues facing the internet and our company.” Other criteria upon which employees will be graded include building new experiences, supporting businesses that rely on Facebook and communicating
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Bristol-Myers Squibb shares popped 2 percent early Monday after a Bloomberg report said activist hedge fund Starboard Value has taken a stake in the New York-based pharmaceutical giant. The size of the stake and plans that the activist hedge fund might have for its investment couldn’t be immediately learned, according to Bloomberg. CNBC has reached
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British fintech start-up Bud said Monday that it had secured $20 million in a funding round co-led by HSBC and Goldman Sachs. The London-based company’s platform lets banks update their apps to give users access to financial services products from rivals. Banks can also categorize a customer’s spending data using Bud’s technology to help them
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