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Bed Bath & Beyond Acquires Online Furniture and Home Accessories Retailer One Kings Lane

In the highly competitive markets and changing preferences of customers, once highflying companies often find it difficult to hold on to their high valuations.  One Kings Lane Inc. is a good example of such a case. The on online furnishing retailer which was once valued almost $1 billion a couple of years back was bought by Bed Bath & Beyond Inc for a small part of that price.  On Tuesday, Bed Bath & Beyond Inc. said it acquired the website without disclosing the amount and the terms of the transaction. The

In the highly competitive markets and changing preferences of customers, once highflying companies often find it difficult to hold on to their high valuations.

Genentec, OSI Pharma Owe $67Million as False Claim Settlement for Lung Cancer Treatment Tarceva

Genentec, OSI Pharma Owe $67Million as False Claim Settlement for Lung Cancer Treatment Tarceva

South San Francisco based Genentech and OSI Pharmaceuticals based in Farmingdale, New York owe $67 million as a part of federal court settlement related to allegations over misleading claims which the companies made regarding a drug used for treating cancer.

Yelp’s CFO to Step Down Towards the End of this Year; The Company Posts Lower than Expected loss

YelpSan Francisco based Yelp Inc.'s projected revenue to reach close to $1 billion in 2017 appears to have taken a detour. On Monday, the Q4 financial results of the company surfaced almost three hours before they were expected and the good news was that the losses were smaller than expectations.

John Williams, President Federal Reserve Bank of San Francisco Forecasts Steady Rate Hike in 2016

John Williams, President Federal Reserve Bank of San Francisco Forecasts Steady Rate Hike in 2016On Monday, Federal Reserve Bank of San Francisco President said that he sees a sturdy drive of interest rate hikes in store from the U. S. central bank in the current year. While saying this he assumes steady economic growth, increased job gains and an upward movement in inflation.

California based KaloBios Pharmaceuticals Inc. Said it is Appealing NASDAQ delisting

California based KaloBios Pharmaceuticals Inc.</body></html>

Reportedly Lyft Looking forward to a Round of $500 Million Fund Raising

Reportedly Lyft Looking forward to a Round of $500 Million Fund RaisingJohn Zimmer, Lyft's president announced that in October the ridesharing company attained an annualized gross revenue rate of $1 billion.

The figure is probably not the cut of the value Lyft receives for the rides which flows into its system but most probably it is the representation of the gross payments which its drivers and riders get.

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