Alphabet backs Lyft with 1 billion investment
Alphabet's CapitalG leads a 1 billion funding for Lyft valuing the ride hailing start up at 11 billion. The deal deepens Alphabet ties as Lyft challenges Uber while Waymo's legal fight with Uber and internal turmoil at Uber shape the market. David Lawee from CapitalG joins Lyft board.
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Visa to use selfies and biometrics for credit approval
Visa unveils a platform to integrate biometrics such as face, fingerprint, and voice into credit card applications and payments. Banks may verify applicants via selfie with ID, and users could authenticate online purchases using Touch ID or similar methods. The move follows Equifax data exposure and aims to curb online fraud with biometric verification.
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Arctic Island project eyed to tap federal Arctic waters
Regulators seek comments on Hilcorp subsidiary Liberty Project to build an artificial gravel island with wells a processing facility and an undersea oil pipeline to shore near Alaska. Opponents cite spills climate impacts and Hilcorp safety records amid a broader political clash over Arctic drilling.
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Stocks edge higher on earnings. United shares fall after call
U.S. stock indexes rose slightly with the S&P 500 and Dow notching fifth straight gains as health care stocks offset tech declines. Envision Healthcare jumped 10.9 percent while Danaher rose 4.7 percent after strong results. United Airlines fell over 12 percent after a contentious conference call fueling questions about its turnaround plan and potential management shakeup.
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