Heather Somerville Heather Somerville (221 Posts)

Heather Somerville is a business reporter covering venture capital and startups for the Bay Area News Group.

Lending Club chooses NYSE for IPO

Lending Club, the world's biggest website for matching borrowers who need small loans with investors, will make its public market debut on the New York Stock Exchange -- the same exchange where many of the banks the startup is vying to disrupt also Read More →

Costco enters China through Alibaba’s e-commerce site

Costco is the latest U.S. retailer to join Alibaba's online marketplace, a sign of the power the Chinese Internet juggernaut wields in e-commerce and the growing threat is poses to online shopping sites such as eBay. Alibaba announced Tuesday Read More →

Gilead’s new Hep C drug gets U.S. approval

Hepatitis C patients got closer to a breakthrough treatment when U.S. regulators on Friday approved the sale of the first pill that promises to cure most people with the illness — without requiring other medication that may cause serious side Read More →

Thync raises $13 million to alter your state of mind

A new Internet-connected wearable that claims to shift your state of mind — make you perky during the 3 p.m. daily droop or serene during a bout of anxiety — announced Wednesday it has raised $13 million from investors, a Read More →

Calithera Biosciences is 1st Bay Area IPO to follow Alibaba

The first Bay Area IPO to follow Alibaba's record-breaking Wall Street debut began trading with mixed success Thursday morning. Calithera Biosciences, a South San Francisco clinical-stage pharmaceutical company, priced its 8 million shares below the target range of $13 to Read More →

Reddit community braces for change after site raises $50 million

Social news site Reddit has raised $50 million from celebrities such as rapper Snoop Dogg and actor and musician Jared Leto, raising concerns among the loyal Reddit community that changes may be ahead for the popular website. Also joining in Read More →

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