Lilly Rockwell

Business Reporter

Latest from Lilly Rockwell

After patient deaths, Austin’s Apollo Endosurgery involved in FDA investigation
 After five people died since January 2016 following surgery to insert an inflatable balloon into their stomachs to treat obesity, the U.S. Food and Drug Administration is investigating whether that medical device is to blame for their deaths.  Included in the investigation is Austin-based Apollo Endosurgery, which manufactures an inflatable...

Posted: 3 days ago

After five people died since January 2016 following surgery to insert an inflatable balloon into their stomachs to treat obesity, the U.S. Food and Drug Administration is investigating whether that medical device is to blame for their deaths.  Included in the investigation is Austin-based Apollo Endosurgery, which manufactures an inflatable...
Wednesday Tech Crawl: Apple has built a $1 billion war chest for Hollywood programming
 Apple sets aside $1 billion for digital content Yet another tech company is trying to crack Hollywood.  The Wall Street Journal reports that Apple has set a budget of roughly $1 billion to procure and produce original content over the next year. This is about half the budget of what Time Warner Inc.’s HBO spent on content last...

Posted: 4 days ago

Apple sets aside $1 billion for digital content Yet another tech company is trying to crack Hollywood.  The Wall Street Journal reports that Apple has set a budget of roughly $1 billion to procure and produce original content over the next year. This is about half the budget of what Time Warner Inc.’s HBO spent on content last...
Austin biotech firm Molecular Templates raises $60 million, goes public
 Austin-based biotechnology firm Molecular Templates is now a publicly traded company, thanks to a reverse-merger with California-based Threshold Pharmaceuticals. The company now trades under the stock ticker “MTEM” on the Nasdaq stock exchange. It’s common for biotech companies to go public as a way of funding their...

Posted: 5 days ago

Austin-based biotechnology firm Molecular Templates is now a publicly traded company, thanks to a reverse-merger with California-based Threshold Pharmaceuticals. The company now trades under the stock ticker “MTEM” on the Nasdaq stock exchange. It’s common for biotech companies to go public as a way of funding their...
Critics call on Michael Dell to leave Trump advisory council
 Pressure is mounting on Dell Technologies founder and CEO Michael Dell to resign from a manufacturing council that advises President Donald Trump. Over the past two days, four chief executives have resigned Trump advisory panels in protest over his response to violence during a white supremacist rally in Charlottesville, Virginia, on Saturday...

Posted: 5 days ago

Pressure is mounting on Dell Technologies founder and CEO Michael Dell to resign from a manufacturing council that advises President Donald Trump. Over the past two days, four chief executives have resigned Trump advisory panels in protest over his response to violence during a white supremacist rally in Charlottesville, Virginia, on Saturday...
Austin executive: Tech fields are ripe for influx of women
 Earlier this summer, Austin tech company Spanning Cloud Apps promoted longtime Austin software engineer Andrea Adams to vice president of engineering.  That in and of itself was newsworthy.  The vice president of engineering position has been a notoriously tough glass ceiling for women, with LinkedIn reporting that only 5 percent...

Posted: 9 days ago

Earlier this summer, Austin tech company Spanning Cloud Apps promoted longtime Austin software engineer Andrea Adams to vice president of engineering.  That in and of itself was newsworthy.  The vice president of engineering position has been a notoriously tough glass ceiling for women, with LinkedIn reporting that only 5 percent...
The robots are coming! Pending Austin City Council approval, that is.
 When movies like “Blade Runner” depict a dystopian, advanced civilization in which robots threaten the survival of humanity, viewers are usually offered only the briefest glimpses into how humans got themselves in such a mess to begin with.  In the case of “Blade Runner,” blame was laid at the feet of...

Posted: 11 days ago

When movies like “Blade Runner” depict a dystopian, advanced civilization in which robots threaten the survival of humanity, viewers are usually offered only the briefest glimpses into how humans got themselves in such a mess to begin with.  In the case of “Blade Runner,” blame was laid at the feet of...
Wednesday Tech Crawl: Disney ditches Netflix to launch its own streaming service
 Disney is launching a streaming channel, ditching Netflix Walt Disney Co. will stop selling its movies on Netflix and will begin offering ESPN sports programming and family films directly to consumers through two new streaming services, the company said Tuesday. Disney’s new service will begin in 2019. Its ESPN online service will feature...

Posted: 11 days ago

Disney is launching a streaming channel, ditching Netflix Walt Disney Co. will stop selling its movies on Netflix and will begin offering ESPN sports programming and family films directly to consumers through two new streaming services, the company said Tuesday. Disney’s new service will begin in 2019. Its ESPN online service will feature...
Is it the Trump effect? A new report finds tech companies are showing less interest in hiring foreign workers
 Since his inauguration in January, President Donald Trump has wasted no time taking steps toward fulfilling a campaign promise to enact tougher immigration measures.  The tech industry has come out against Trump’s immigration stances, particularly when it comes to a proposal to cut the number of H1-B workers coming to the United...

Posted: 11 days ago

Since his inauguration in January, President Donald Trump has wasted no time taking steps toward fulfilling a campaign promise to enact tougher immigration measures.  The tech industry has come out against Trump’s immigration stances, particularly when it comes to a proposal to cut the number of H1-B workers coming to the United...
Are tech companies hiring fewer foreign workers because of Trump?

Posted: 12 days ago

Since his inauguration in January, President Donald Trump has wasted no time taking steps toward fulfilling one of his campaign promises: to enact tougher immigration measures in order to preserve more jobs for Americans. The tech industry has come out forcefully against Trump’s immigration stances, particularly when it comes to a proposal...
Austin startup Roomify helps hook up college students with dorm supplies
 The idea for Roomify started, of course, with going to college. Shanil Wazirali and Sagar Hemani were attending different colleges but each had trouble furnishing their dorm rooms.  “We went through the struggle of making multiple trips to stores and guessing what we needed,” Wazirali said. “We spent hundreds of...

Posted: 16 days ago

The idea for Roomify started, of course, with going to college. Shanil Wazirali and Sagar Hemani were attending different colleges but each had trouble furnishing their dorm rooms.  “We went through the struggle of making multiple trips to stores and guessing what we needed,” Wazirali said. “We spent hundreds of...
AMD’s biggest investor is selling 40 million shares of the company
 Advanced Micro Devices’ largest shareholder sold off 40 million shares of the company on Friday.  Based on the closing price of AMD on Thursday, this means Abu Dhabi-based Mubadala Investment Co. made $529.6 million off the sale.  AMD’s stock price has more than quadrupled over the past two years.  Just since the...

Posted: 16 days ago

Advanced Micro Devices’ largest shareholder sold off 40 million shares of the company on Friday.  Based on the closing price of AMD on Thursday, this means Abu Dhabi-based Mubadala Investment Co. made $529.6 million off the sale.  AMD’s stock price has more than quadrupled over the past two years.  Just since the...