Senior-level hires and promotions for the week of Dec. 10, 2018
BANKS At Professional Bank, based in the Las Olas Boulevard office in Fort Lauderdale: ▪ Eric Servaites has been named executive vice president/Broward market leader. He was previously at Stonegate (now … Click to Continue »
Overlap at Elon Musk's Boring Co., SpaceX concerns investors
Chicago officials and elected leaders will get their first look at Elon Musk's Boring Co.'s transit tunnel in Los Angeles today.
The "proof-of-concept" tunnel begins at the parking lot at the headquarters of Musk's SpaceX headquarters in Hawthorne in suburban Los Angeles and travels about two miles. Musk and The Boring Co. have been tabbed by Chicago to build a similar transportation tunnel between downtown Chicago and O'Hare Airport.
Now questions are surfacing about Musk's ability to keep the…
SpaceX raising $500 million for Starlink satellite internet service
SpaceX is in the midst of another fundraising round that will bring in another half-billion dollars.
The new financing will value the Hawthorne, California-based aerospace company at $30.5 billion.
The Wall Street Journal first reported the funding, which could be announced before the end of the year.
SpaceX will reportedly use the money to support Starlink, the company’s nascent constellation of satellites for global internet broadband service.
Elon Musk’s company got the go-ahead last month…
Clearwater’s Tech Data expands operations in Brazil
Florida’s largest public company is expanding its operations in the Brazilian market.
Tech Data Corp. (NASDAQ: TECD), a specialized solution business in Clearwater, on Tuesday announced an expanded channel partnership with Aruba, a Hewlett Packard Enterprise company, that’s expected to deliver next generation enterprise networking solutions to the Brazilian market.
Tech Data already offers Aruba’s array of network access options in the United States and select countries in Europe and the…
Charlotte pegged as a hot spot for tech hiring in 2019
One city in particular in North Carolina, a state that's recently been rebuffed by tech giants Amazon and Apple for each's respective headquarters expansions, is expected to be abuzz with tech hiring in 2019 — and it's not Research Triangle Park.
According to a survey of "IT hiring decision makers," Charlotte ranks No. 2 among cities where tech hiring is expected to occur the most in the first half of the year. Seventy-seven percent of tech leaders in the Queen City anticipate adding employees…
Governor approves Keystone Innovation Zone tax credits
Governor Tom Wolf approved the Keystone Innovation Zone tax credits for 255 early-stage technology companies, according to a news release Tuesday.
The tax credits aim to support and inspire entrepreneurship around the state’s colleges and universities. It offers funding to startups to meet critical needs, such as capital expenditures, workforce expansion, operational expenses and attracting venture investment.
“Every day, Pennsylvania’s tech sector is growing stronger,” said Wolf, in…
Northeastern to rename computer science school following record $50M gift
Northeastern University is renaming its computer science school to honor entrepreneur Amin Khoury after he pledged to donate $50 million to the college.
Khoury's gift represents the largest single donation in Northeastern's history, a spokesperson for the school said. Two donors combined to give $60 million to Northeastern's business school in 2012.
Khoury received an executive MBA from Northeastern in 1989, around the same time he was starting B/E Aerospace, a company that supplies major airlines…
California regulators halt plan to tax text messages
California regulators have withdrawn a controversial plan that would have added a tax to text messaging.
Last week, the California Public Utilities Commission said it was is considering charging mobile phone users a fee for sending text messages. The tax, according to the California PUC, would have funded a program to make phone service affordable to low-income residents.
But the text-messaging tax plan is dead, thanks to a Federal Communications Commission Dec. 12 ruling that text messaging is…
Honeywell Aerospace startup looks to disrupt $4B used aerospace parts market
The online site, created as a startup at Honeywell's Phoenix operations, lists prices, photos and quality documentation for each part, and is meant to be more user-friendly in order to win market share.
Aptiv announced the opening of its Las Vegas Technical Center, in a news release from the autonomous vehicle company today.
Aptiv, which is headquartered in Dublin, Ireland, currently has major facilities in Pittsburgh, Boston and Singapore.
The 130,000-square-foot Las Vegas center is described as a “state-of-the-art, all-inclusive facility” for AV operations, research, development, data management and technology demonstrations, in the release.
“With more than one million autonomous miles…
Self-driving boat startup Sea Machines hauls in $10M round
This story originally appeared on BostInno.
Sea Machines Robotics, a three-year-old Boston startup that's developing self-driving boat technology, closed a $10 million Series A investment Monday.
The round was led by Accomplice, the VC firm with offices in Cambridge and San Francisco that’s among the backers of Carbon Black and DraftKings. Other investors include Eniac Ventures, which led a $2.6 million seed round for MIT-born artificial intelligence startup Legit earlier this year.
US hints at Trump Mideast peace plan: lots to like, some not
U.S. Ambassador Nikki Haley gave a hint, but no details, of the Trump administration's peace plan for Israel and the Palestinians on Tuesday, saying it's long, takes advantage of new … Click to Continue »
Genoa announces $229M project to replace collapsed bridge
Genoa's mayor on Tuesday announced that a 202-million-euro ($229 million) project by hometown architect Renzo Piano inspired by a naval ship has been chosen to replace the Morandi Bridge that … Click to Continue »
Universities tapping into Sioux Falls’ medical tech industry
Two universities in South Dakota are teaming up to train biomedical engineers in an effort to help boost Sioux Falls' burgeoning medical technology industry. The Argus Leader reports that the … Click to Continue »
The Trump administration moved Tuesday to officially ban bump stocks, which allow semi-automatic weapons to fire rapidly like automatic firearms, and has made them illegal to possess beginning in late … Click to Continue »
US and European stocks dip again as health companies fall
U.S. stocks are mostly lower Monday, although they've steadied after a rocky start. Health insurers and hospitals are falling after a judge in Texas ruled that the 2010 Affordable Care … Click to Continue »
California regulators have canceled a plan to charge a fee for text messaging on mobile phones. The California Public Utilities Commission reversed course after a Federal Communications Commission ruling last … Click to Continue »
Gift Guide: Some tech gadgets that actually fill a real need
Sometimes you can sense that tech products are striving to solve problems that are manufactured by their manufacturers. Smartwatches, for instance, have long been a nifty idea — but they've … Click to Continue »