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Seattle: The Silicon Forest Featured

While Silicon Valley may be known as the most popular place for technology companies, there is a new leader on the map about 800 miles north, and the city is Seattle. This city already has bragging rights for nurturing tech giants such as Microsoft and Amazon. Now the best talent is moving to this growing city and helping fuel a technology expansion in the area like no one has ever seen. There is now a quarter of a million people working in the technology sector in the state of Washington and 90 percent of them are working in the area.…
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SparkCognition secures $32.5 million in funding

SparkCognition Inc., an artificial intelligence startup that can help other businesses predict a data breach, has closed on $32.5 million in series B funding. The money will support expansion and sales, according to a Monday announcement. The investment was led by Verizon Ventures, the venture capital unit of Verizon Communications Inc. (NYSE: VZ), with additional funding from Boeing HorizonX, the investment arm of Boeing Co. (NYSE: BA). "SparkCognition has pioneered the use of artificial intelligence… ...
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Boomers are pumping up prices — and rents — for vacation homes. Here's where Lake Tahoe stacks up

There are opportunities to be had for people looking to invest in a vacation home – especially for those looking to rent the place out when they’re not using it. But investors should move sooner rather than later, analysts say. Between the booming stock market and the nation's shortage in housing inventory, demand for vacation homes is expected to increase. Locally, Lake Tahoe is commanding high rents for vacation properties, with an average weekly rate of $1,629 for a two-bedroom property in… ...
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Justin Trudeau Will Be Headed to Seattle to Participate in 2017 Microsoft Summit

Prime Minister Trudeau will be encouraging investments for the Canadian technology sector. He would like to draw global talent and start rolling in more tech investments into Canada. He welcomes the chance to involve more talent globally into Canada. Microsoft Summit will be held Wednesday, May 17th-Thursday May 18th. Canada's government site just updated information stating that Canada's influential Prime Minister Justin Trudeau has announced he will be participating in WA state's innovative tech event, Microsoft Summit. This will allow Trudeau to try to intertwine Canada with more future investments in the tech world globally. Trudeau has been quoted in…
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Federated Investors founder dies at 92

Federated Investors Inc. co-founder John F. Donahue died Thursday at age 92. Donahue founded the investment management company in 1955, after leaving the U.S. Air Force, with two friends from high school and grew the Pittsburgh-based company since then to what it is today, one of the nation's biggest investment managers with $361.7 billion in assets. The company was sold to Aetna in 1982 but Donahue remained as CEO and, seven years later, the Donahue family reacquired Federated. Donahue's son, J.… ...
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CFOs share their favorite job interview questions – and the best responses

"When can you start?" Todd Prophet, chief financial officer at Harley Marine Services, gets right to the point when interviewing job candidates. Their responses can be telling – and often amusing. "I usually get a large gulp" he said, followed by a look that asks, "When would you like me to start?" We asked Prophet and our other seven 2017 CFO of the Year honorees what they like to ask candidates during a job interview. Click through this slideshow to see what they want to know. ...
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Winklevoss brothers' ETF bid is rejected by SEC, bitcoin dips in value

Call it a "Winkle" in their plans. The U.S. Securities and Exchange Commission has decided not to approve the Winklevoss Bitcoin Trust, the exchange-traded fund (ETF) launched by Tyler and Cameron Winklevoss. The brothers, notorious for receiving a large legal settlement for their involvement with the founding of Facebook, saw their application get denied today, causing bitcoin value to sink 14 percent (roughly to $1,022). It was trading at about $1,303 earlier in the day. The decision came shortly… ...
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Seaway Bank changing hands again just weeks after previous takeover

Just weeks after it was closed by regulators and taken over by State Bank of Texas, Seaway Bank & Trust — the Chicago bank that runs the former Legacy Bank branch in Milwaukee’s central city — is now being sold to a North Carolina credit union, according to Crain’s Chicago Business. Self-Help Federal Credit Union of Greensboro, N.C., is buying Seaway Bank from the Dallas-based State Bank of Texas. The credit union specializes in lending to low-income and minority customers and already owns… ...
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Watch out Venmo: Bank of America launches peer-to-peer payments with Zelle

Bank of America Corp. (NYSE: BAC) is now offering peer-to-peer payments through Zelle, a payments network that is embedded in BofA's mobile banking app. The Charlotte, N.C.-based bank is one of many companies to join Early Warning’s Zelle Network. Early Warning is a financial-technology company that delivers innovative payment solutions to banks. Zelle is an inclusive network open to banks and credit unions in the U.S. The idea behind the payments tool was to create a faster, safer and more convenient… ...
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Cornell University renames business school to honor SC Johnson following $150M donation

Cornell University's business college will bear a new name — and it will be one that is familiar to many Wisconsinites. The Ivy League university in upstate New York said this past weekend that its College of Business will be named Cornell SC Johnson College of Business following a $150 million donation from Racine-based S.C. Johnson & Son Inc. and its chairman and CEO Fisk Johnson. It is the largest gift ever that Cornell has received for its Ithaca campus and the second largest contribution… ...
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