Netflix and the self-inflicted demise of major media

Netflix and the self-inflicted demise of major media

BY JAMES ROBINSON 
ON FEBRUARY 3, 2014

Ken Auletta’s profile of Netflix founder and CEO Reed Hastings in the latest edition of the New Yorker starts with a revealing tidbit.

Back in the heady days of 2000, Netflix had 300,000 subscribers. Hastings had a vision even then that films would one day be streamed cheaply over the Internet. But that future was not there yet. The company was losing money. Hastings flew to Dallas and met with Blockbuster, offering them 49 percent of the company. Netflix would become blockbuster.com and be Blockbuster’s online video division. Read more of this post

Cambridge-based digital printer Xaar was one of the best performing shares in the FTSE 350 in 2013, after its shares rose almost 300 per cent over the year

February 3, 2014 5:24 pm

Bullish printer enters the China shop

By Tanya Powley, Manufacturing Correspondent

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It may have taken thousands of years for Chinese ceramic makers to embrace new technology – but one UK printing pioneer has needed only 12 months to capitalise on their break with tradition. Read more of this post

Building true social media engagement means creating a content strategy to hook the audience, not just being on social media

Content strategy is king
in social media

David Dubois, INSEAD | Business | Sat, February 01 2014, 11:48 AM

Building true social media engagement means creating a content strategy to hook the audience, not just being on social media.
Those who love to drink coffee often h Read more of this post

Apple Said To Be Exploring Inductive Charging And Solar Power In iWatch Testing; Battery life for wearables is a huge concern, and the reason why is continued adoption: No end user is eager for the chance to have to remember to charge

Apple Said To Be Exploring Inductive Charging And Solar Power In iWatch Testing

Posted 20 hours ago by Darrell Etherington (@drizzled)

Apple’s work on an upcoming smartwatch includes explorations of induction charging and solar-powered batteries, according to a new report from the New York Times. As part of a larger piece about battery tech in general, the NYT revealed that Apple has been working on tests involving wireless induction charging for the smartwatch, and methods for incorporating solar panels into the display to draw power from the sun, and potentially ambient light. Read more of this post

This Chinese online retailer’s IPO documents could be a bit too candid

This Chinese online retailer’s IPO documents could be a bit too candid

By Heather Timmons @HeathaT

5 hours ago

The prospectus for Chinese online retailer JD.com’s planned $1.5 billion US public offering, filed recently with the Securities and Exchange Commission, offers up a warts-and-all look at the risks of investing in a Chinese internet company. And there are a lot of warts—over 40 pages worth—listed in the “risk factors” section, including:

We don’t really know what we’re doing in some businesses. The company recently expanded into internet finance, providing supply-chain financing to supplier and loans to customers. “We have limited experience in operating an internet finance business,” the prospectus admits. Read more of this post

The rapid growth of Lenovo is posing a direct threat to Korean mobile-device manufacturers, local analysts say – and even to Samsung Electronics, the world’s largest smartphone vendor

Lenovo swells into IT challenge

Chinese firm buys Motorola, leapfrogs over LG Electronics  

BY KIM YOUNG-MIN, KIM JUNG-YOON [kjy@joongang.co.kr]

Feb 04,2014

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The rapid growth of Lenovo is posing a direct threat to Korean mobile-device manufacturers, local analysts say – and even to Samsung Electronics, the world’s largest smartphone vendor.
The Chinese company, which gobbled up Motorola on Jan. 29, is openly professing that its goal is to move past Apple and Samsung.
“From now until 2015, Lenovo and Motorola’s smartphone sales goal is 100 million,” said Lenovo Chairman Yang Yuanqing on Feb. 2.
ith the buying of Motorola from Google, Lenovo has leapfrogged LG Electronics and Huawei to become the world’s third-largest smartphone vendor. According to Strategy Analytics, Lenovo and Motorola’s combined market share in the global smartphone market was 6.2 percent as of the end of last year, compared to Huawei’s 4.8 percent and LG Electronics’ 4.7 percent. Read more of this post

SK Group, Korea’s third largest chaebol, is backpedaling in its overseas energy projects because of the incarceration of its chief

2014-02-02 18:18

CEO risk weighs on SK future

By Choi Kyong-ae
SK Group is backpedaling in its overseas energy projects because of the incarceration of its chief.
In the latest example, SK Energy, an affiliate of SK Group, pulled out of the final bid to acquire a controlling stake worth up to 1 trillion won in United Petroleum, an Australian oil company. This was widely seen as the conglomerate’s failure to make concrete investment decisions amidst its current leadership vacuum. Read more of this post

More S. Korean companies in ‘1 trillion won club’ list

More S. Korean companies in ‘1 trillion won club’ list

Chun Chung-hong

2014.02.04 17:50:41

A series of South Korean companies are to made entry into the ‘one trillion won club’ of sales. Those are Hanssem, Moneual and Seoul Semiconductor. Their feat holds significance as they achieved surging growth in their respective furniture, electronics and LED areas even amid unfavorable business condition.  Read more of this post

Nutella should be worried about Hershey’s new hazelnut spread

Nutella should be worried about Hershey’s new hazelnut spread

By Roberto A. Ferdman @robferdman

February 3, 2014

Chocolate spreads are on their way to becoming a pantry staple for Americans, and The Hershey Company isn’t about to miss out. The US-based chocolate maker recently started its own line of Nutella-like chocolate spreads, called Hershey’s Spreads. The spreads come in three flavors: chocolate, chocolate with almond, and chocolate with hazelnut. Read more of this post

Spending money has never been easier in China’s mobile finance era

Spending money has never been easier in China’s mobile finance era

Staff Reporter 

2014-02-04

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A Yu E Bao advertisement reading, “Use it anytime.” (Internet photo)

The era of internet financial services began in China in 2013, which has since provided the average member of the public easier access to financial tools and products, reports the Chinese-language Securities Times. Read more of this post

Europe is on the hunt for ‘zombie banks’

Europe is on the hunt for ‘zombie banks’

AP

FEB 4, 2014

FRANKFURT, GERMANY – In Europe, the zombie hunt is on — not for undead humans but for “zombie banks,” the walking dead among lenders, too financially troubled to loan money in an economy that desperately needs investment, growth and jobs. Read more of this post

Will unification galvanize Korea Inc.?

2014-02-03 18:59

Will unification galvanize Korea Inc.?

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President Park Geun-hye, right, talks about the significance of Korean unification in a discussion with World Economic Forum (WEF) Executive Chairman Klaus Schwab after delivering a keynote speech at the WEF’s annual conference in Davos, Switzerland Read more of this post

Brompton Bicycle shows British manufacturing how to shift up a gear

Brompton Bicycle shows British manufacturing how to shift up a gear

Sun, Jan 26 2014

By Brenda Goh and Neil Maidment

LONDON, Jan 26 (Reuters) – Loan refusal letters and retailers’ rejections frame the walls of the Brompton Bicycle factory, a reminder of the obstacles the firm has overcome to establish itself as the UK’s top bike-maker, selling 45,000 a year around the world. Read more of this post

In 2 Charts, Here’s Why An Emerging Markets Crisis Would Be Worse Than Ever Before

In 2 Charts, Here’s Why An Emerging Markets Crisis Would Be Worse Than Ever Before

MAMTA BADKAR 

FEB. 3, 2014, 7:32 PM 3,381

In recent weeks, we’ve seen a rout in emerging markets as investors have been pulling out of stocks, bonds, and currencies in these regions. Read more of this post

The National Entrepreneur Development Corp (PUNB) will appoint 50 trainee accountants to help turn around financially-ailing Bumiputera companies.

 

Trainee accountants to help turn around ailing Bumi companies

Published: 2014/02/04

KUANTAN: The National Entre-preneur Development Corp (PUNB) will appoint 50 trainee accountants to help turn around financially-ailing Bumiputera companies.
Chairman Datuk Seri Mohd Ali Rustam said 30 per cent, or 2,040 of the 6,800 Bumiputera firms have failed to keep up their repayments to PUNB due to business losses.
“PUNB has decided to appoint 50 trainee accountants this month and we hope they will help alleviate the burden of these firms which cannot afford the services of an accountant.
“Money going out, coming in, profits, loss, marketing, etc, must be recorded daily. Sometimes we conduct our businesses well, but lack of proper accounting skills is one of the reasons why Bumiputera companies do not succeed,” he said after meeting Bumiputera entrepreneurs here. Read more of this post

Succession exposes risks for hedge funds; Why many founding managers are finding it hard to say goodbye

February 3, 2014 8:26 am

Succession exposes risks for hedge funds

By Stephen Foley

Why many founding managers are finding it hard to say goodbye

“As we age, time becomes our most precious commodity.” So wrote Robert Karr, one of the “Tiger cub” hedge fund managers to have learnt their craft at Julian Robertson’s Tiger Management, who decided last week that he would shut down his $5bn fund, Joho Capital. Read more of this post

Corruption in the EU costs business €120bn a year, study finds; Brussels says states have failed to address conflicts of interest

February 3, 2014 7:11 pm

Corruption in the EU costs business €120bn a year, study finds

By James Fontanella-Khan in Brussels

Corruption has increased since the sovereign debt crisis hit the eurozone and costs the EU economy about €120bn a year in lost tax revenues and foreign investment, according to a European Commission study. Read more of this post

The serial adultery of the modern customer; The best way to make shoppers loyal is to give them what they want

February 3, 2014 5:02 pm

The serial adultery of the modern customer

By Andrew Hill

The best way to make shoppers loyal is to give them what they want

The eulogies last week for Justin King, outgoing chief executive of J Sainsbury, make clear he won his crown as Britain’s most successful grocer by reconnecting with his loyal subjects – the shoppers – after years of neglect. But his abdication as chiefexecutive of the country’s second-largest supermarket chain, after a decade in charge, is a good moment to ask whether customer loyalty really matters any more. Read more of this post

Anti-rhetoric can be the best rhetoric; Decrying your opponent’s clever use of words is a clever way to use words

February 3, 2014 4:58 pm

Anti-rhetoric can be the best rhetoric

By Sam Leith

Rhetoric can be written as well as spoken. The rules are – with certain exceptions – basically the same. A fine example was offered recently in an article by the German foreign minister Frank-Walter Steinmeier in The Guardian, the UK newspaper. Using the anniversary of the first world war – what the Greeks called kairos, or timeliness – Mr Steinmeier sought to defend the European project by arguing that it was the bestbulwark against another such catastrophe. Read more of this post

Yudhoyono’s ‘big white book’ sparks debate about president’s legacy; Indonesian president’s reflections offer little insight

February 3, 2014 8:38 am

Yudhoyono’s ‘big white book’ sparks debate about president’s legacy

By Ben Bland in Jakarta

Indonesian president’s reflections offer little insight

Fifty years after Mao Zedong’s “little red book” was first distributed in China, Indonesia’s President Susilo Bambang Yudhoyono has published his own rather less pithy “big white book” of reflections on politics and leadership. Read more of this post

A Cure for Hospital Design

Strategies to Keep Patients and Their Visitors From Getting Lost

LAURA LANDRO

Updated Feb. 3, 2014 11:47 p.m. ET

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A Cure for Hospital Design; It’s a problem when patients and visitors continually struggle to navigate the maze of the modern medical complex. Hospitals borrow strategies from airports and shopping malls Read more of this post

Infrastructure Funds Are Intriguing, but… Managers’ approaches vary greatly and holdings can overlap with other funds

Infrastructure Funds Are Intriguing, but…

Managers’ approaches vary greatly and holdings can overlap with other funds

LISA WARD

Feb. 3, 2014 4:21 p.m. ET

When investors look at the global need for new electrical grids, bridges and roads, some see a path to big money. Read more of this post

Getting Started in ‘Big Data’ Experts Advise Finding Math Whizzes Who Know Your Industry, Limiting Initial Goals

Getting Started in ‘Big Data’

Experts Advise Finding Math Whizzes Who Know Your Industry, Limiting Initial Goals

JAMES WILLHITE

Updated Feb. 3, 2014 11:49 p.m. ET

Wanted: Ph.D.-level statistician with the technical skill to use data-visualization softwareand a deep understanding of the _____ industry. Read more of this post

Apple Quietly Builds New Networks; stitching together a network of Internet infrastructure capable of delivering large amounts of content to customers, giving the company more control over the distribution of its online offerings

Apple Quietly Builds New Networks

Company Boosts Internet Infrastructure, Lays Groundwork for More Traffic Amid Broader Ambitions

DREW FITZGERALD and DAISUKE WAKABAYASHI

Feb. 3, 2014 7:40 p.m. ET

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Apple IncAAPL +0.19% is stitching together a network of Internet infrastructure capable of delivering large amounts of content to customers, giving the company more control over the distribution of its online offerings while laying the groundwork for more traffic if it decides to move deeper into television. Read more of this post

Attempting to Code the Human Brain; Startups, Tech Giants Expand World of Artificial Intelligence; Software With an ‘Imagination’

Attempting to Code the Human Brain

Startups, Tech Giants Expand World of Artificial Intelligence; Software With an ‘Imagination’

EVELYN M. RUSLI

Updated Feb. 3, 2014 7:59 p.m. ET

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Vicarious’s technology created a series of images of cows, using the software’s ‘imagination,’ after being shown one cow. Vicarious

Somewhere, in a glass building several miles outside of San Francisco, a computer is imagining what a cow looks like. Read more of this post

SEC Looking at How Alternative Funds Value Investments; Regulators say some unscrupulous managers inflate the value of illiquid holdings

SEC Looking at How Alternative Funds Value Investments

Regulators say some unscrupulous managers inflate the value of illiquid holdings

DAISY MAXEY

Updated Feb. 3, 2014 4:22 p.m. ET

Regulators are taking a close look at how hedge funds and other alternative investment funds value their most illiquid assets. It’s time more investors did the same. Read more of this post

Understanding a Mutual Fund’s Average Annual Return; The calculation behind these performance figures may not be what you think; Rolling Returns Tell More About Fund Performance

Understanding a Mutual Fund’s Average Annual Return

The calculation behind these performance figures may not be what you think

SIMON CONSTABLE

Feb. 3, 2014 4:21 p.m. ET

What does it mean when a mutual fund reports its average annual return over a period of, say, three or five years? It isn’t exactly what you might think. What’s more, computing the figure yourself will require more than the general arithmetic you use in other areas of your life. Read more of this post

As TVs Lose Lustre, Panasonic Pushes Lower-Key Products

As TVs Lose Lustre, Panasonic Pushes Lower-Key Products

President Tsuga Emphasizes Auto Parts, Solar Panels and Airplane Entertainment Systems

KANA INAGAKI

Feb. 3, 2014 8:21 p.m. ET

As global competition rises among television makers, Panasonic is changing the focus of its once thrivingtelevision business. The WSJ’s Deborah Kan speaks to Panasonic’s President Kazuhiro Tsuga about the company’s change of strategy.

As Panasonic Corp.’s 6752.TO -5.44% vaunted television business fades, a string of lesser-known niche businesses are rising to take its place. Read more of this post

Currencies Reshape Business in Asia

Currencies Reshape Business in Asia

Won’s Surge Knocks Back South Korean Exporters; Weak Yen Lifts Japanese Firms

IN-SOO NAM And TAKASHI NAKAMICHI

Updated Feb. 3, 2014 11:56 p.m. ET

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Asia‘s two global manufacturing rivals—Japan and South Korea—are experiencing a reversal in fortunes amid changing currency trends. Read more of this post

Judge’s Ruling On Accounting Firms In China Touches on Hong Kong Units

February 3, 2014, 6:03 p.m. ET

Judge’s Ruling On Accounting Firms In China Touches on Hong Kong Units

By Michael Rapoport and Kathy Chu

A judge’s ruling against the Chinese affiliates of the Big Four accounting firms over their refusal to cooperate with U.S. regulators has drawn attention to a practice of some auditors’ Hong Kong units. Read more of this post

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