Facebook Vice President David Marcus is the face of the company's Libra digital currency, but the original driving force was a 26-year-old female corporate-development...Technologyread more
Amazon's new policy for account suspensions doesn't go far enough to protect sellers from potentially unfair and wrongful suspensions, merchants say.Technologyread more
There is no end in sight to the Boeing 737 Max grounding after two fatal crashes, prompting airlines to rethink their growth plans.Airlinesread more
After a year of flooding, Midwest farmers face a stifling heat wave that's spreading across the U.S.Weather & Natural Disastersread more
On Saturday, Disney's Marvel Studios announced its upcoming slate of superhero films during a panel at San Diego Comic-Con.Entertainmentread more
Moving lots of data to a public cloud over the internet can take months or years. CNBC got an inside look at how AWS transfers data to the cloud for its clients.Technologyread more
A quarter of the S&P 500 companies report earnings next week, and that could buffet the market as investors await the July Fed meeting.Market Insiderread more
Iran's Revolutionary Guard claims a British tanker it still holds, Stena Impero, failed to follow international maritime rules.World Newsread more
"It troubles me that the most important political office in the world is becoming the face of racism and exclusion," Kaeser said in a Twitter post.Politicsread more
Silver's rally could be losing its shine after the precious metal reached its year-to-date high, futures experts warn.Futures Nowread more
Some 40% of Americans would struggle to come up with even $400 to pay for an emergency expense. Just how are so many Americans so short on cash? Blame debt.Personal Financeread more
Zenefits, a cloud-based automated human resources business, said Wednesday it has raised $500 million in a series C round of funding, giving it a valuation of $4.5 billion.
The funding marks the largest public or private round for a software-as-a-service company since the Workday IPO in October 2012. A variety of backers, including Andreessen Horowitz and Fidelity Management, are supporting Zenefits.
The company sees a massive opportunity to offer human resources services to millions of small and medium-sized businesses overlooked by larger companies, said Parker Conrad, Zenefits' founder and CEO. The company offers employers a free dashboard that lets them manage payroll, health insurance and other services. It then collects fees from benefit providers that use the system.
For Andreessen, an early backer, Zenefits has just become its largest investment ever. Zenefits launched in 2013 and has signed up more than 10,000 small- and medium-sized businesses in the interim.
Zenefits intends to use the latest round of funding to hire employees in all lines of work to fuel further growth, Conrad said.
Private equity financing of $200 million in tech and biotech were, until recently, almost unheard of. Now they're routine. Prior to Wednesday, of the 25 such funding rounds since the end of 2010, eight happened in the first four months of 2015, according to data compiled by DataFox.
This year's biggest was SpaceX's $1 billion round announced in January, and among business-software companies the largest was Domo's $200 million financing in April.
Last month, peer-to-peer small business lender FundingCircle pulled in $150 million, and LendingClub rival Prosper Marketplace raised $165 million. SoFi—a Web-based start-up focused on refinancing student loan and, increasingly, mortgages—pulled in $200 million.