Hungry investors could not get enough of GrubHub, which soared 31% in Friday’s debut. The online provider of restaurant food orders for delivery priced at an above-range 26, opened at 40 and closed at 34, despite a sharp market sell-off. Opower (OPWR), a provider of cloud-based customer service software for utilities, priced at 19, opened at 25 and closed 21% higher at 23. Friday’s four IPO debuts raised this year’s total to 71
Today’s electric vehicle driving ranges, recharge times and high purchase prices are stumbling blocks for people who might otherwise buy an EV, a new study says. While high-end Tesla Motors (TSLA) is selling all the plug-in Model S sedans it can make, expected to be more than 35,000 this year worldwide, General Motors (GM) and Nissan (NSANY) have had to discount sale prices and leases to move the Chevy Volt plug-in hybrid and Nissan Leaf plug-in
Amazon.com (AMZN) on Wednesday unveiled its long-awaited set-top box for streaming Internet video and music and playing casual games, joining a crowded market. The e-commerce giant boasted that its $99 Amazon Fire TV has more horsepower and capabilities than rival devices from Apple (AAPL), Google (GOOG), Roku and others. Amazon says Fire TV has three times the processing power of Apple TV, Google Chromecast or Roku 3, and four times the memory.