Tech News

Securitization is a critical function of the modern financial system. Banks “package” individual loans, say a mortgage or an auto loan, into a group with similar characteristics and sell them to other investors. That gets the debt off the originator’s balance sheet so that they can offer more loans, while ...

Koch Industries announced today that it has closed on the acquisition of Infor, announced in February. The company never officially announced the purchase price, but sources indicated that it was close to $13 billion, putting it in line to be one of the top 10 enterprise acquisitions this year. The company ...

The Trump administration has full authority to ride to the rescue, and they did… but only for large religious organizations.”n”,”protected”:false},”excerpt”:”rendered”:” Under new guidance issued by the Small Business Administration it seems non-profits and faith-based groups can apply for the Paycheck Protection Program loans designed to keep small business afloat during ...

n”,”protected”:false},”excerpt”:”rendered”:” The FDA has been working to adapt its policies and restrictions to respond to the growing need for unconventional solutions like shortages of medical equipment needed for treating COVID-19 patients. A group of doctors, engineers and medical researchers from UC Berkeley, UCSF and working hospitals has devised a creative ...

Social entrepreneurship pioneer Jim Fruchterman has launched a new nonprofit, Tech Matters, with $1.7 million in backing from corporate and foundation sources, including Twilio, Okta, Working Capital, Facebook and Schmidt Futures. Tech Matters is Fruchterman’s new vehicle to address what he sees as a crippling weakness in the social good ...

The Center for Disease Control (CDC) guidelines and the COVID-19 pandemic has surged event cancellations across the country. Tech workforces have found ways to stay productive: back-to-back Zoom calls, work-from-home happy hours and more Twitter threads than anyone asked for. But Jason Craparo, the founder of events platform Hio, wants ...

His firm bets on emerging technology like AR/VR, machine learning and robotics Lucas Matney @lucasmtny / 7 hours As the venture landscape adjusts to the COVID-19 pandemic and seismic shifts in public markets, early-stage VCs are reassessing which bets they’re making, along with questions they’re asking of founders who are ...

n”,”protected”:false},”excerpt”:”rendered”:” With shortages of N95 face masks persisting nationwide, healthcare facilities are scrambling to find ways to clean and treat the masks for reuse to protect doctors and nurses most at risk of exposure to COVID-19. Duke University thinks it has found a solution using vaporized hydrogen peroxide to decontaminate ...

The relationship between the United Kingdom and Australia is not usually a flashpoint in international relations. After all, the two allies share a common language, ancestry, and monarch. So what caused a dustup recently that saw a senior Australian parliamentarian rebuke the British foreign secretary, and for a group of ...

Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. We’re wrapping the week with Lime, scooters and the divergence between Uber and Lyft and their two-wheeled rivals. It’s been a hectic year for ride-hailing, but an even more turbulent ...