Silicon Valley Stumbles on Health Care
Zenefits was reportedly one of the fastest-growing companies in Silicon Valley, a region famous for giving birth to companies that undergo tremendous growth spurts. The startup, which distributes free administrative software to businesses and works as a health insurance broker, was dealt a serious blow last fall when a BuzzFeed News investigation revealed that the company had not been obtaining licenses necessary to sell insurance in...
As Self-Driving Cars Come to More States, Regulators Take a Back Seat
When self-driving cars begin zipping through Virginia this year, they won’t need any special registration, and the testers sitting behind the wheel won’t need a special license. In the eyes of the law, they’ll be regular cars. Virginia is one of a handful of states seeking to attract the potentially lucrative business of developing self-driving cars. And along with a few other states, its lawmakers and regulators are inclined to...
Time Warner Deal Expected Today
Charter Communications is close to a $55 billion deal to acquire Time Warner Cable, a merger that would create a powerful cable and broadband Internet contender in an industry long lacking competition. The companies are expected to announce their proposed merger early this morning, with Charter agreeing to pay about $195 a share for Time Warner Cable — $100 in cash and the rest in stock, according to people directly familiar with the...
