DIRS.INFO The most relevant business & tech news

☆ I built an ADU in my backyard that brings in $3,000 a month. Now I urge other California homeowners to do the same.
▼ + stars: | 2023-03-11 | by ( Kelsey Neubauer | ) www.businessinsider.com time to read: +6 min

Joyce Higashi is a San Jose native who built an ADU in her backyard in 2020 for $230,000. She leases the unit out to traveling nurses for three months at a time and charges $3,000 per month. That's when I decided to put an ADU in my backyard — back before ADUs were even remotely popular in California. Courtesy of AboduThrough ADU builder Abodu, I had a 500-square foot one-bedroom ADU built in my backyard. Now, I rent the ADU out for $3,000 a month to traveling nurses for three months at a time.

☆ California farm worker pleads not guilty to 7 murder counts
▼ + stars: | 2023-02-16 | by ( Steve Gorman | ) www.reuters.com time to read: +3 min

The next hearing in the case was set for May 3, the district attorney, Steve Wagstaffe, confirmed to Reuters. Zhao is charged with seven counts of premeditated murder and a single count of attempted murder in a criminal complaint that also cites "special circumstance" allegations accusing him of "personally and intentionally" shooting to kill. read moreUnder California law, defendants convicted of murder with "special circumstances" are eligible for the death penalty, though Governor Gavin Newsom in 2019 declared a moratorium on executions. Authorities said the Monterey Park assailant, Huu Can Tran, 72, shot himself to death the next day as police closed to make an arrest. Reporting by Steve Gorman in Los Angeles Editing by Alistair Bell and Aurora EllisOur Standards: The Thomson Reuters Trust Principles.

☆ DoorDash is headed to Super Bowl, pushing its on-demand grocery business again. Here are 7 key moves it is making to dominate retail delivery after conquering restaurants.
▼ + stars: | 2023-02-12 | by ( Nancy Luna | ) www.businessinsider.com time to read: +13 min

In August 2020, DoorDash launched retail delivery with chains like 7-Eleven and Walgreens. Editor's note: On Sunday, DoorDash is airing its second Super Bowl commercial to promote its grocery delivery business. Lately, DoorDash has its sights set on a new prize — dominance in retail and grocery delivery. "We have more retail stores, grocery included, than any other platform in North America today." DoorDashDoubleDashA year after launching grocery delivery, DoorDash introduced DoubleDash.

☆ Pre-tax vs. Roth 401(k): Deciding which to use for retirement is trickier than you think
▼ + stars: | 2023-02-11 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +3 min

Prathanchorruangsak | Istock | Getty ImagesWhether you're starting a new job or updating retirement savings goals, you may need to choose between pre-tax or Roth 401(k) contributions — and the choice may be more complex than you think. While pre-tax 401(k) deposits offer an upfront tax break, the funds grow tax-deferred, meaning you'll owe levies upon withdrawal. By contrast, Roth 401(k) contributions happen after taxes, but your future earnings grow tax-free. Experts say these expected changes may also factor into the pre-tax vs. Roth contributions analysis. Plus, recent changes from Secure 2.0 have made Roth 401(k) contributions more appealing for some investors, she said.

☆ Francisco Partners Nears $1.7 Billion Deal For Software Provider Sumo Logic
▼ + stars: | 2023-02-09 | by ( Lauren Thomas | Laura Cooper | ) www.wsj.com time to read: 1 min

Ramin Sayar, president and chief executive officer at Sumo Logic Inc., at the company’s headquarters in Redwood City, Calif.Sumo Logic Inc., a data-analytics software provider, is nearing a deal to be sold to private-equity firm Francisco Partners for roughly $1.7 billion, according to people familiar with the matter. The deal could be unveiled as soon as Thursday, the people said, assuming the talks don’t hit a last-minute snag.

☆ Francisco Partners Nears $1.7 Billion Deal for Software Provider Sumo Logic
▼ + stars: | 2023-02-08 | by ( Lauren Thomas | Laura Cooper | ) www.wsj.com time to read: 1 min

Ramin Sayar, president and chief executive officer at Sumo Logic Inc., at the company’s headquarters in Redwood City, Calif.Sumo Logic Inc., a data-analytics software provider, is nearing a deal to be sold to private-equity firm Francisco Partners for roughly $1.7 billion, according to people familiar with the matter. The takeover is expected to value Sumo Logic around $12 to $13 a share, one of the people said.

☆ $100 repair bill sparked Half Moon Bay shooting, prosecutor says
▼ + stars: | 2023-01-30 | by ( The Associated Press | ) www.nbcnews.com time to read: +2 min

SAN FRANCISCO — A farmworker charged with killing seven people at two Half Moon Bay mushroom farms reportedly told investigators he was spurred to carry out the shootings after his supervisor demanded he pay $100 to repair a forklift damaged at work. KNTV-TV, the NBC affiliate in the San Francisco Bay Area, was first to report the development. Zhao told KNTV-TV in a courthouse interview Thursday that he committed the shootings. He said he has a 40-year-old daughter in China and lived with his wife in Half Moon Bay. The coroner’s office has named six of the victims: Zhishen Liu, 73, of San Francisco; Marciano Martinez Jimenez, 50, of Moss Beach, California; Aixiang Zhang, 74, of San Francisco; Qizhong Cheng, 66, of Half Moon Bay; Jingzhi Lu, 64, of Half Moon Bay; and Yetao Bing, 43, whose hometown was unknown.

☆ Five Chinese citizens were killed in Half Moon Bay shooting
▼ + stars: | 2023-01-27 | by ( ) www.nbcnews.com time to read: +1 min

BEIJING — Five Chinese citizens were among the victims in a shooting in the California town of Half Moon Bay, the Chinese Consulate General in San Francisco said. The Half Moon Bay shooting on Monday, in which seven people died, was the second of two gun rampages in California in recent days in which a total of 18 people were killed. “The Consulate General is in communication with the relevant U.S. authorities to follow up on the progress of the investigation,” a spokesperson said in a statement, adding that the Consulate General strongly condemned the violence. Chunli Zhao, a Chinese citizen and 66-year-old immigrant farm worker, was the lone suspect in the massacre at two mushroom farms in the northern California seaside town. He was formally presented with seven counts of murder and a single count of attempted murder during his first court appearance in nearby Redwood City on Wednesday.

☆ Five Chinese citizens killed in California shooting - consulate
▼ + stars: | 2023-01-27 | by ( ) www.reuters.com time to read: +1 min

BEIJING, Jan 27 (Reuters) - Five Chinese citizens were among the victims in a shooting in the California town of Half Moon Bay, the Chinese Consulate General in San Francisco said. The Half Moon Bay shooting on Monday, in which seven people died, was the second of two gun rampages in California in recent days in which a total of 18 people were killed. "The Consulate General is in communication with the relevant U.S. authorities to follow up on the progress of the investigation," a spokesperson said in a statement, adding that the Consulate General strongly condemned the violence. Chunli Zhao, a Chinese citizen and 66-year-old immigrant farm worker, was the lone suspect in the massacre at two mushroom farms in the northern California seaside town. Reporting by Beijing newsroom; Editing by Robert BirselOur Standards: The Thomson Reuters Trust Principles.

Northern California prosecutors on Wednesday filed seven murder charges and one attempted murder charge against the man accused of gunning down farm workers Monday in the quaint oceanside town of Half Moon Bay. The San Mateo County Coroner's Office has named six of the seven victims: Zhishen Liu, 73, of San Francisco; Marciano Martinez Jimenez, 50, of Moss Beach; Aixiang Zhang, 74, of San Francisco; Qizhong Cheng, 66, of Half Moon Bay; Jingzhi Lu, 64, of Half Moon Bay; and Yetao Bing, 43, whose hometown was listed as unknown. Chunli Zhao being arrested on Monday in the parking lot of the Sheriff’s Office Half Moon Bay as a suspect for the mass shooting earlier that day. Zhao worked at Mountain Mushroom Farm, one of two agricultural businesses where workers were killed on Monday afternoon, authorities said. Zhao was arrested about two hours after the shooting as he sat in his parked car outside the sheriff's substation in Half Moon Bay.

☆ Suspect in California's latest shooting rampage due in court
▼ + stars: | 2023-01-25 | by ( Alexandra Ulmer | Thomson Reuters | U.S. National Affairs Correspondent Who Spent Four Years In Venezuela Covering President Maduro'S Administration | ) www.reuters.com time to read: +5 min

[1/3] A suspect is arrested by law enforcement personnel after a mass shooting at two locations in the coastal northern California city of Half Moon Bay, California, U.S. January 23, 2023 in a still image from video. HALF MOON BAY, Calif., Jan 25 (Reuters) - The man accused of shooting and killing seven farm workers near San Francisco in the latest of two back-to-back gun rampages in California that claimed 18 lives overall was due in court on Wednesday for his initial appearance before a judge. Chunli Zhao, 66, the lone suspect in Monday's massacre at two mushroom farms in the seaside town of Half Moon Bay, is expected to be formally presented with murder and other charges at the San Mateo County Superior Court in nearby Redwood City. The suspect was described as a resident of Half Moon Bay, a community of about 12,000 residents known for its foggy weather, fishing, and agriculture. San Mateo County jail records showed Zhao was booked on suspicion of premeditated murder, attempted murder and firearms offenses.

☆ Suspect in Half Moon Bay shooting rampage appears in California court
▼ + stars: | 2023-01-25 | by ( Jorge Garcia | ) www.reuters.com time to read: +5 min

[1/6] A suspect is arrested by law enforcement personnel after a mass shooting at two locations in the coastal northern California city of Half Moon Bay, California, U.S. January 23, 2023 in a still image from video. The hearing was held at the San Mateo County Superior Court in nearby Redwood City, California. The complaint against Zhao also alleged "special circumstances" accusing Zhao of "personally and intentionally" shooting to kill. IMMIGRANT VICTIMSHalf Moon Bay, a community of about 12,000 residents south of San Francisco, is home to both a luxury resort and a low-income farming community. Two days before the Half Moon Bay killings, another gunman 380 miles to the south opened fire at the Star Ballroom Dance Studio, a club frequented mostly by older patrons of Asian descent in Monterey Park.

The slayings of seven people, gunned down in a small Northern California city, was an act of "workplace violence" that victimized members of the "migrant community," officials said Tuesday. Suspect Chunli Zhao, a 66-year-old resident of Half Moon Bay, worked at Mountain Mushroom Farm, one of two agricultural businesses where workers were killed on Monday afternoon, authorities said. Zhao was arrested in the parking lot of a sheriff’s substation in Half Moon Bay shortly after the attacks. “Jill and I are praying for those killed and injured in the latest tragic shooting in Half Moon Bay, California,” President Joe Biden said in a White House statement issued Tuesday. The Half Moon Bay slayings were in the middle of a horrific 72-hour period of gun violence across California and the nation.

☆ Meet Cloud Apartments, a startup that promises lower-cost living in factory-made units thanks to backing from a 25-year VC veteran
▼ + stars: | 2023-01-09 | by ( Kelsey Neubauer | ) www.businessinsider.com time to read: +3 min

Cloud Apartments plans to build at five sites in the Bay Area, including in San Jose and Berkeley. A 25-year venture-capital veteran just led a $3 million funding round for Cloud Apartments. Factories tooled to produce modular apartment units can make this possible. In 2021, against a backdrop of skyrocketing rents, Wong founded Cloud Apartments, a rental development company that uses modular-construction processes more often associated with single-family housing. A rendering of a Cloud Apartments building.

☆ Inside the 'Fly Fleet': billionaire Google founder Sergey Brin's growing flotilla of megayachts, boats, and jet skis
▼ + stars: | 2023-01-06 | by ( Rob Price | Hugh Langley | ) www.businessinsider.com time to read: +3 min

In a quiet harbor in California's Redwood City, 30 miles south of San Francisco, there often sits a gleaming 40-meter yacht flying the flag of the Marshall Islands. Along with Butterfly, which often docks in Redwood City, California, Brin maintains a growing flotilla of yachts, jet skis, and skiffs. To maintain the fleet, Brin employs a 50-person team around the globe, led by the master mariner Mike Gregory. InsiderMany of Brin's smaller water-sports toys — as well as Page's — have been supplied by Kai Concepts, a startup that builds high-tech aquatic vehicles, including foilboards and a kite-propelled boat. While he spends much of his time at his collection of tropical islands around the world, he has sold his superyacht Senses and downsized to an assortment of smaller vessels.

☆ California doctor who drove Tesla off cliff to be charged with attempted murder
▼ + stars: | 2023-01-04 | by ( Industry Insight | Saw Law Firms Move Past The Pandemic Into A More Client-Focused Service Environment | Thomson Reuters Institute | ) www.reuters.com time to read: +2 min

Patel was transported to hospital with serious injuries on Monday, the California Highway Patrol said. The children, who had minor injuries, were the first to be rescued, after which a helicopter hoisted the adults, who had more serious injuries, Pottenger said. "The children were secured properly in proper car seats, and the car seats were secured properly into the vehicle," Pottenger said. "The car seats saved the lives of those two kids, in our opinion." The Tesla driven by Patel was traveling on the main part of the roadway before it veered off the cliff, he said.

☆ 5 tax and investment changes that could boost your finances in 2023 amid economic uncertainty
▼ + stars: | 2022-12-31 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +4 min

Bigger contribution limits on retirement accountsIf you're eager to boost your retirement savings, there's good news for 2023: higher contribution limits for your 401(k) and individual retirement account. The contribution limits have also increased for IRAs, allowing you to save up to $6,500 for 2023, up from $6,000 in 2022. Higher income limit for Roth IRA contributionsThe 2023 inflation adjustments also mean more investors may qualify for Roth IRA contributions, experts say. "But how about Roth [IRA] contributions?" While some investors may seek "complicated" moves, like so-called backdoor Roth conversions, which transfer after-tax 401(k) contributions to a Roth IRA, Pon urges investors to double-check Roth IRA contribution eligibility first.

☆ Larry Page, Sergey Brin Post-Google Lives: Investments, Yachts, Islands
▼ + stars: | 2022-12-11 | by ( Hugh Langley | Rob Price | ) www.businessinsider.com time to read: +33 min

Even before their retirement from Google, Page and Brin relied heavily on their respective family offices to bring order to their worlds. The Bay Area headquarters of Koop, Larry Page's family office, is nondescript and gives little indication of the billionaire's empire. Insider; Marianne Ayala/Insider Show less Bayshore Global Management, Sergey Brin's family office, is based in Palo Alto and has a bit more of a public face. Insider; Marianne Ayala/Insider Show lessThe difference in styles holds true for Brin's family office, Bayshore Global Management. The CEO of Page's family office is Wayne Osborne, a former elder in the Presbyterian Church who attended Princeton Theological Seminary.

☆ Silicon Valley startup beaming electricity wirelessly raises $30 million
▼ + stars: | 2022-12-02 | by ( Jane Lanhee Lee | ) www.reuters.com time to read: +2 min

REDWOOD CITY, Calif., Dec 2 (Reuters) - Reach Power Inc, a Silicon Valley startup that beams electricity wirelessly, said on Friday it had raised $30 million in a funding round that will help it commercialize its products. In a demonstration for Reuters, Davlantes connected a radio with no batteries to an antenna-based wireless power receiver that turned on the radio as far as 25 feet (7.6 meters) from the power transmitter. Asked about the safety of shooting stronger beams of electricity, Dalvantes said the systems can detect objects and switch off or route around them. "We always guarantee when you're around one of our systems, you're getting exposure that meets the same limits as all of the cellphones," he said. Reach has signed a contract with the U.S. Defense Department for prototypes that can combine multiple energy-beaming modules for stronger power transmission or longer ranges, he said.

Representatives for Impossible Foods did not immediately respond to a request for comment on the decision. Redwood City, California-based Impossible Foods sued Motif, a Boston-based spinoff of biotech company Ginkgo Bioworks, in March. The court agreed with Impossible Foods that Hemami could still infringe the patents and allowed the claims to continue. Impossible Foods' patents may cover Hemami because it is produced using yeast and does not have any "direct animal provenance," Bryson said. The case is Impossible Foods Inc v. Motif Foodworks Inc, U.S. District Court for the District of Delaware, No.

☆ EA lowers bookings expectation on strong dollar, gaming slowdown
▼ + stars: | 2022-11-01 | by ( ) www.reuters.com time to read: +2 min

Nov 1 (Reuters) - Electronic Arts Inc (EA.O) lowered its annual bookings forecast on Tuesday as the publisher of "FIFA" and "Apex Legends" struggles with this year's surge in the U.S. dollar and a gaming industry slowdown from pandemic heights. The company now expects annual bookings - an indicator of future revenue - between $7.65 billion and $7.85 billion, compared with $7.90 billion to $8.10 billion earlier. A near 17% rise in the U.S. dollar this year has also stifled growth, with EA forecasting a roughly $200 million hit to annual bookings. EA booked second-quarter adjusted sales of $1.75 billion, missing the $1.80 billion expected by analysts, according to Refinitiv data. Net income rose to $299 million, or $1.07 per share, from $294 million, or $1.02 per share, a year earlier.

☆ EA to develop three Marvel games, beginning with Iron Man
▼ + stars: | 2022-10-31 | by ( ) www.reuters.com time to read: +1 min

[1/4] A life size "Iron Man" is on display in the Marvel booth at the 39th annual Comic Con Convention in San Diego July 24, 2008. REUTERS/Mike BlakeOct 31 (Reuters) - Electronic Arts Inc (EA.O) will launch an Iron Man game and at least two other action-adventure titles revolving around characters from the Marvel universe, under a deal announced by the videogame publisher on Monday. EA has previously partnered with Marvel owner Walt Disney Co (DIS.N) to develop games based on the Star Wars movie franchise for mobile devices, PCs and consoles. Activision Blizzard (ATVI.O) has launched games on Spider-Man, while Warner Bros Interactive Entertainment developed games based on DC's Batman. EA's bet on its new games comes as the videogame publisher struggles with a slowdown in demand from peaks touched during the pandemic.

☆ DoorDash is making 7 keys moves to dominate retail and grocery delivery after conquering restaurants — and creating new rivals in Instacart and Gopuff
▼ + stars: | 2022-10-27 | by ( Nancy Luna | ) www.businessinsider.com time to read: +12 min

In August 2020, DoorDash launched retail delivery with chains like 7-Eleven and Walgreens. Lately, DoorDash has its sights set on a new prize — dominance in retail and grocery delivery. DoorDash has leaned heavily into grocery, convenience-store, and retail delivery since launching these expanded services in 2020. "We have more retail stores, grocery included, than any other platform in North America today." DoorDashDoubleDashA year after launching grocery delivery, DoorDash introduced DoubleDash.

☆ Box CEO: Fortune 500 Companies Are Holding Their Own Against Digital Upstarts
▼ + stars: | 2022-10-05 | by ( Tom Loftus | ) www.wsj.com time to read: +4 min

A decade ago, the big bet in Silicon Valley was that some of the world’s brawniest corporations would be disrupted by nimble, digital-first startups. Mr. Levie: I actually think a large percentage of the Fortune 500 has done this well. And yet I would argue that a large percentage of the Fortune 500 responded well to that threat. Mr. Levie: What Silicon Valley is very good at is delivering world-class digital experiences to consumers and then disrupting entire markets because of that. PREVIEWWSJ: The Fortune 500 is holding its own.

☆ Waymo Fills Finance Chief Role as Autonomous-Vehicle Company Looks to Expand
▼ + stars: | 2022-09-23 | by ( Jennifer Williams-Alvarez | ) www.wsj.com time to read: +3 min

Waymo LLC hired a new finance chief as the autonomous-vehicle company works to boost self-driving capabilities and expand in multiple regions. The Mountain View, Calif.-based company, a subsidiary of Google parent Alphabet Inc., on Friday said it named Elisa de Martel as chief financial officer. The company’s interim head of finance and its controller have covered the company’s finances while Waymo looked for a permanent CFO, according to a spokeswoman. Two months earlier, Waymo’s biggest competitor— General Motors Co. subsidiary Cruise—began offering driverless rides to the public in San Francisco. Waymo since 2017 also has tested its driverless technology in semitrucks.

Search resuls for: "Redwood City"

25 mentions found