Gobble, a 15-minute meal kit delivery service, has raised $15 million in Series B growth financing from Khosla Ventures, TechCrunch has confirmed. Khosla Ventures led the round, along with participation from previous investors a16z, Trinity Ventures and Initialized Capital. Read More
If you were worried you might not be able to pick up a Switch for your loved one (i.e. yourself) in the forthcoming holiday festival of consumerism, worry not. Or a little less, anyway. Nintendo is looking to up its production to 2 million units per month. Read More
WASHINGTON (Reuters) – Revenues for the $6 billion payday loan industry will shrivel under a new U.S. rule restricting lenders’ ability to profit from high-interest, short-term loans, and much of the business could move to small banks, according to the country’s consumer financial watchdog.
WASHINGTON (Reuters) – A senior lawyer at the U.S. Treasury Department’s Office of the Inspector General said on Thursday he found “no violation of law” in Treasury Secretary Steven Mnuchin’s use of private jets for seven official trips, but called for better cases to be made in future for such travel by Trump administration officials.
Mattel has scrapped a “smart home” device designed with kids in mind after awful reviews and privacy concerns.
“Aristotle” was first shown off at CES earlier this year. The red-and-white device is meant to be kept in a child’s room where its WiFi-enabled camera acts primarily as a voice-controlled baby monitor. It can adjust lighting levels, noting when babies wake up and then playing a lullaby or turning on a night light.
The device also claimed to be able to extensively interact with a young child. It can recognize and answer questions, play games, do singalongs, and teach the ABCs. Aristotle’s voice-interaction capabilities are intended to be like a kid-centric version of Amazon’s Alexa.
(Reuters) – A U.S. jury on Thursday ordered AbbVie Inc to pay more than $140 million to a man who claimed the company misrepresented the risks of its testosterone replacement drug AndroGel, causing him to suffer a heart attack, the plaintiff’s lawyer said in an emailed statement.