Shoppers trust ‘brick and clicks’ retailers more than online only

Shoppers trust ‘brick and clicks’ retailers more than online only

September 2, 2013 – 1:13PM

Eli Greenblat

Traditional bricks and mortar retailers, which for a long time refused to believe the hype about online sales, have finally made an inroad into the crucial revenue channel by winning back customers from pure-play operators which have dominated the area. The latest National Australia Bank retail sales survey shows many bricks and mortar shops are successfully evolving into “bricks and clicks” operators, offering customers offline and online shopping. Read more of this post

Mercedes Stop-and-Go Autopilot Heralds Hands-Free Push

Mercedes Stop-and-Go Autopilot Heralds Hands-Free Push

Bumper-to-bumper traffic slowed to a crawl, finding a space in a crowded garage, or squeezing into a tight parking spot is no fun for any driver. To ease such tedious aspects of driving, companies from Mercedes-Benz to Continental AG (CON) are rolling out systems that take over the wheel. Daimler AG (DAI)’s Mercedes is leading the way with an add-on called “Stop&Go Pilot” available in its top-of-the-line S-Class sedan. Backed by an array of 12 ultrasonic detectors, five cameras and six radar sensors, the 79,800-euro ($105,800) S-Class can match the speed of the car in front of it, even coming to a complete stop and steering to stay in the lane. The feature costs 2,678 euros in Germany. Read more of this post

The next time you use your smartphone to inquire about migraine symptoms or to check out how many calories were in that cheeseburger, there is a chance that information could be passed on to insurance and pharmaceuticals companies

September 1, 2013 6:38 pm

Worried-well online have new symptom to fear

By Emily Steel in New York and April Dembosky in San Francisco

HealthApp

The next time you use your smartphone to inquire about migraine symptoms or to check out how many calories were in that cheeseburger, there is a chance that information could be passed on to insurance and pharmaceuticals companies. The top-20 health and wellness apps, including MapMyFitness, WebMD Health and iPeriod, are transmitting information to up to 70 third-party companies, according to Evidon, a web analytics and privacy firm. Read more of this post

Going Free Is Still Chinese Internet Companies’ Strategy for Land Grabbing

Going Free Is Still Chinese Internet Companies’ Strategy for Land Grabbing

By Tracey Xiang on August 30, 2013

Baidu announced they’d stop charging its navigation app. Later the same day AutoNavi, a veteran mapping data and service provider, held a press conference announcing the same thing. To fuel the hype, in the next day Baidu stated that they’d refund users who had paid for it. It’s unknown how many installs of Baidu Navigation, which costs 30 yuan, have been sold. AutoNavi cannot afford to do the same, for its premium navigation app, priced at 50 yuan ($8), had been downloaded and pre-installed in more than 70 million smartphones. Read more of this post

Indian channel, melding traditionalism and reality TV, seeks viewers with nonstop wedding news

Indian channel, melding traditionalism and reality TV, seeks viewers with nonstop wedding news

By Shivan Sarna, The Associated Press September 1, 2013 1:25 am

NOIDA, India – Indians are obsessed with weddings and obsessed with reality television. Now Shagun TV, a new television channel headquartered in a sprawling suburb of India’s capital, is hoping it has found a can’t-miss idea — merging the two into a 24-hour matrimonial TV station. Shagun TV can itself seem obsessed. Artwork on the windows of its lobby depict an Indian wedding procession, with turbaned men beating drums and an elephant-drawn carriage carrying the groom. In the main TV studio, a large cardboard astrology chart lies against a wall, used by one host to answer wedding and relationship questions. And a plasma television loops video of a bridal ceremony. Read more of this post

Japan’s Rakuten Acquires Singapore-Based Viki Video Site for $200 Million

Kara Swisher

Exclusive: Japan’s Rakuten Acquires Viki Video Site for $200 Million

SEPTEMBER 1, 2013 AT 6:44 PM PT

The deal was set to be announced next week, but after I queried the company about it, its CEO, Hiroshi Mikitani (whose nickname is Mickey), confirmed the transaction, although he declined to give the price. That would be $200 million, according to sources with knowledge of the situation. “Our foundation is not only limited to e-commerce, but an intention to strengthen our ecosystem in Japan and worldwide,” he said in an interview. “We have been looking into finding a global solution for video.” Read more of this post

New Zealand Ends Patents for Basic Software

Sep 1, 2013

New Zealand Ends Patents for Basic Software

By Lucy Craymer

International technology giants won’t be able to get patents for basic software under a law passed by the New Zealand government, although protection for significant innovations and programs will remain under the country’s copyright law. The New Zealand government updated its 60-year-old patent bill with a new law that acknowledges overseas influences in New Zealand but perhaps more controversially prevents both local and international companies receiving patents for their software. Local patent experts say the move brings the country in line with the U.K. and Europe, which already prevent the patenting of software. Under the U.K. law, a number of smartphone patents that Apple Inc. wanted such as a patent on unlocking a phone by performing a gesture were rejected. Read more of this post

Huge Summer for Hollywood, but With Few Blockbusters; In many ways, the summer belonged to smaller original movies when it came to turning out larger-than-expected audiences

September 1, 2013

Huge Summer for Hollywood, but With Few Blockbusters

By BROOKS BARNES

LOS ANGELES — Here in Hollywood, the land of false-front movie sets and business-has-never-been-better studio spin doctors, summer ticket sales are being summed up with a single word: blockbuster. Ticket revenue in North America for the period between the first weekend in May and Labor Day totaled $4.71 billion, a 10.2 percent increase over the same period last year, according to analyst projections. Attendance rose 6.6 percent, to about 573 million. Higher ticket prices contributed to the rest of the growth. But behind that rosy picture lurk some darker realities. Ticket sales rose in part because Hollywood crammed an unusually large number of big-budget movies into the summer, a period that typically accounts for 40 percent of box office revenue. Studios released 23 films that cost $75 million and up (sometimes way up), 53 percent more than in the same period last year. The audience fragmented as a result, leaving films like “The Wolverine” and “The Hangover Part III” wobbling when they should have been slam dunks. Read more of this post

Apple to ship over 63 million iWatches next year: Reports

Apple to ship over 63 million iWatches next year: Reports

TAIPEI — Two suppliers in Taiwan have received orders to build Apple’s highly anticipated iWatch for release next year, according to local reports.

BY –

30 AUGUST

TAIPEI — Two suppliers in Taiwan have received orders to build Apple’s highly anticipated iWatch for release next year, according to local reports. Taiwan’s Apple Daily newspaper reported that Quanta Computer will split the iWatch orders with Inventec on a 60-40 basis, citing unnamed sources. Meanwhile, CIMB Securities analyst Wanli Wang projected in a report that Apple might ship 63.4 million units in the first year after its launch, with an average price of around US$199 (S$254). Read more of this post

What if Apple’s iWatch is… a TV?

What if Apple’s iWatch is… a TV?

By Jonny Haskins, 11 hours ago

Jonny Haskins has a theory about Apple’s iWatch. It was originally published on his own blog, Pixel Lounge.

Like many people, I enjoy guessing as to what technology is going to bring and what innovations will transform our lives.  The quicker we all innovate, the quicker I will be to owning my life’s dream – that flying car (it better be in my lifetime!). In today’s world, things are so mundane and boring, so drip-fed to us commercially and unsystematically, that our dreams of the future are comparatively dull.  An exception is Elon Musk who seems to be the one person in the world who’s challenging this approach and is not scared about taking on the auto industry with his electric Tesla’s and hovering rockets, not to mention the challenging foray of other ideas like a levitating Hyperloop train in a vacuum tube. Read more of this post

Nike Patents Golf Shirt Design That Could Double as Coach; The clothing will have tighter material in areas key to a repetitive movement, like a golf swing. The snugger fit increases muscle stimulation, giving a better feel that will improve form, help a coach normally would provide by watching the golfer perform

Nike Patents Golf Shirt Design That Could Double as Coach

Nike Inc. (NKE) says it can make a golf shirt that could replicate what a coach does. The world’s largest maker of sporting goods obtained about a dozen patents on Aug. 27, including one invention with the potential to irk golf pros. “A coach or trainer can greatly improve an athlete’s form or body positioning, which can result in improved athletic performances,” Nike said in a patent filed with the U.S. Patent and Trademark Office. “For most people, however, a coach or trainer is not always available” and there isn’t an easy way to check positioning on your own, Nike said. Enter what the sponsor of Tiger Woods describes as “articles of apparel providing enhanced body position feedback.” The clothing will have tighter material in areas key to a repetitive movement, like a golf swing. The snugger fit increases muscle stimulation, giving a better feel that will improve form, help a coach normally would provide by watching the golfer perform, the document said. Nike has prospered even in hard times with a sustained focus on innovation, from air-pocket sneaker soles in the 1980s to last year’s Flyknit shoe, whose upper is woven like a sock. While these aren’t always the company’s best-sellers, they give its brand credibility — as does paying the world’s most famous athletes to wear them on television. Read more of this post

China’s internet giants planning new online to offline services

China’s internet giants planning new online to offline services

Staff Reporter

2013-09-01

After Baidu, China’s largest search engine, spent US$160 million to buy a 59% stake in the group purchasing website Nuomi, other leading internet companies, such as Alibaba and Tencent, have also started planning an online to offline service. As an increasing number of companies entered the market, the online to offline service was expected to reach a trillion yuan (US$163.25 billion) in market scale, a source told the National Business Daily. Read more of this post

Big Chinese Internet Companies Busy Building Online Education Platforms

Big Chinese Internet Companies Busy Building Online Education Platforms

By Tracey Xiang on August 29, 2013

Say it once again: China’s education market is huge and is moving online. While local startups are building online education services by modeling western ones or improving the must-criticized existing education system in China (they have raised so much money in the past half a year alone), local Internet giants are building platforms to accommodate all of them. Read more of this post

Baidu, AutoNavi Fighting for Navigation Market Share, Offering Apps for Free

Baidu, AutoNavi Fighting for Navigation Market Share, Offering Apps for Free

By Emma Lee on August 29, 2013

Baidu

Baidu (NASDAQ:BIDU) announced yesterday that it would offer Baidu Navigation for free ever after. The company promised today to refund the users who purchased their navigation services on both Android and iOS platforms. AutoNavi (NASDAQ:AMAP), a leading map service in China, followed suit shortly afterwards, declaring that its navigation software will also be offered for free. These moves will undoubtedly overhaul the navigation market. Compared with dedicated navigation machines usually priced at over 300 yuan ($48.67), Baidu and AutoNavi navigation apps once priced at 30 yuan and 50 yuan respectively are much cost-effective choices. Let alone the services are free now. AutoNavi Navigation has been pre-installed or downloaded for more than 70 million times, according to financial report of the company. Read more of this post

New WeChat Payment app to spur competition in China’s mobile payment market

New WeChat app to spur competition in mobile payment market

Staff Reporter

2013-09-01

The debut of the new version of edition 5.0 WeChat, a mobile messaging communication service developed by Chinese internet company Tencent, has sparked concerns among major e-commerce companies that the mobile payment segment will now be dominated by Tencent, the Guangzhou-based Southern Metropolis Daily reported. Last week, Tencent’s online service, Yixun, announced that its website will now support WeChat Payment, a new feature included in the latest version of WeChat. This has made it the first business to consumer website to be fully connected with the WeChat Payment interface. Read more of this post

Xbox Spinoff Seen More Likely With Ballmer Exit

Xbox Spinoff Seen More Likely With Ballmer Exit: Real M&A

After 13 years of declining value, some Microsoft Corp. (MSFT) investors want Steve Ballmer’s replacement to take bolder steps to reverse the slide at the world’s largest software maker. That could mean spinning off the Xbox video-game business. Ballmer’s retirement as chief executive officer may clear the way for a potential spinoff of the Xbox unit to unlock shareholder value. While a consumer success with $7 billion in annual sales, it’s one of Microsoft’s lower-margin divisions and doesn’t drive sales of the company’s core business services and software. Xbox may be worth at least $17 billion on its own, based on Nintendo Co. (7974)’s revenue multiple, according to data compiled by Bloomberg. Its value should be even higher given that Nintendo has operating losses, Wedbush Inc. said. Read more of this post

The Acxiom Corporation is to open a Web site that will allow individual consumers to see some of the information that the company has collected about them

August 31, 2013

A Data Broker Offers a Peek Behind the Curtain

By NATASHA SINGER

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“You have to make things visible,” says Scott Howe, who demonstrated a Web site that will let consumers see some of Acxiom’s data about them. IT can be disconcerting to learn what, not to mention how much, marketers know about us. Consider a consumer like Scott E. Howe. The Acxiom Corporationa marketing technology company that has amassed details on the household makeup, financial means, shopping preferences and leisure pursuits of a majority of adults in the United States, knows that Mr. Howe is 45, married with children, the owner of a house in the 2,500-square-foot range, and is interested, among other things, in tennis, domestic travel, cooking, crafts, sweepstakes and contests. Those intimate details, Mr. Howe says, are entirely accurate. Read more of this post

Technology ‘Moat’ : Oil Patch Follows Smartphone Makers in Patent Defenses

Oil Patch Follows Smartphone Makers in Patent Defenses

Battles for supremacy in the $680 billion oil and gas industry are moving from the hardhats and steel-toed boots of the drilling rig to the Brooks Brothers suits of law firms representing the biggest patent holders. Schlumberger Ltd. (SLB), Halliburton Co. (HAL) and Baker Hughes Inc. (BHI), the world’s largest oil service providers, secured a total of 1,257 patents last year, more than twice the annual number of a decade earlier. In the past three years, Exxon Mobil Corp. (XOM) doubled its revenue from technology it licenses to others. Read more of this post

Pay-TV Dinosaurs Study Evolution; Web TV Is a Threat to Pay TV—but the Old School Can Adapt

Updated August 30, 2013, 7:23 p.m. ET

Pay-TV Dinosaurs Study Evolution

Web TV Is a Threat to Pay TV—but the Old School Can Adapt

MIRIAM GOTTFRIED

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Even if pay-TV providers are getting pushed around the living room, they can do more to keep a grip on the remote control. Cable and satellite companies find their margins attacked on one side by rising programming costs and on the other by more consumers dropping video subscriptions in favor of cheaper online options. Meanwhile, a new generation of consumers is being raised on services like Netflix NFLX -1.37% . And Big Tech companies angling to deliver TV over the Internet may be starting to make more serious inroads, as evidenced by recent news of Google‘s GOOG -1.00% talks with the National Football League and Sony‘s SNE -1.09% preliminary deal with ViacomVIA +0.03% to carry its channels. Read more of this post

How Google can avoid becoming the next Microsoft, as told by an insider with knowledge of both

How Google can avoid becoming the next Microsoft, as told by an insider with knowledge of both

By Christopher Mims @mims August 30, 2013

The deeper you dig into the causes of Microsoft’s decade of stagnation and the departure of CEO Steve Ballmer, the more apparent it is that the problems Microsoft faced affect all large companies, to one extent or another. Fortunately for the world (and unfortunately for Microsoft) the company’s dysfunction drove away so many talented engineers and managers that they are practically climbing over one another to recount what went wrong in Redmond. Quartz has already written about how Microsoft veterans who left the company see its problems, and what they think needs to be done to fix them. But the observations of one of the veterans we spoke with are worth writing about separately—because of their implications for Google, the company’s most visible competitor. This person, who requested to remain anonymous, has inside knowledge of the workings of Google as well. Here are some of our key takeaways from talking with them.

1. Too many cooks in the kitchen will kill innovation every time

As a rule, decision-making grows exponentially harder with the number of people involved. In Microsoft’s early days, it was, like most young organizations, fairly flat in structure. A general manager oversaw 50-300 people, and decisions only needed his or her blessing. But in part because graduating into management is the only route to a promotion at Microsoft, the company added more and more layers of management. Read more of this post

From Example to Excess in Silicon Valley

August 31, 2013

From Example to Excess in Silicon Valley

By JENNA WORTHAM

01-BITS-articleLarge

I CAN remember a time when technology, and the people behind it, routinely filled me with a sense of wonderment — like the first time I logged into a chat room and, later, the first time I swiped open an iPhone. Another memorable moment for me happened roughly six years ago, when I tried Goog-411, an experimental phone service from Google. At a time when smartphones were far from ubiquitous, the service allowed people to call a toll-free number and obtain business listings by using voice commands. It was partly an effort to improve Google’s own internal software, but it left me marveling at its combination of technological brilliance and public service — completely in keeping with the company’s motto of “Don’t be evil.” Read more of this post

After Animal Crossing, Pokemon is Key for Nintendo

Aug 30, 2013

After Animal Crossing, Pokemon is Key for Nintendo

By Daisuke Wakabayashi

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A man sits by a huge poster of Pokemon characters in Tokyo, in this July file photo.

A lot is riding on Pikachu’s little yellow shoulders. With a growing number of consumers playing videogames on smartphones and tablet computers, Nintendo’s biggest weapon in enticing gamers to buy its hardware is to create appealing games that can’t be played anywhere else. Sequels of proven hit franchises like “Animal Crossing” are central to that strategy.  Perhaps no franchise is as important to the success of its portable game systems as the “Pokemon,” or Pocket Monsters, series, a long-running favorite among young children who collect and train cute-looking monsters for head-to-head battle. Read more of this post

AGS Transact Technologies: From Dispensing Paints to Money

AGS Transact Technologies: From Dispensing Paints to Money

by Pravin Palande | Aug 31, 2013

topimg_22369_ravi_goyal_600x400 AGS Transact Technologies_Final.indd

The banks may be the face but AGSTT is the muscle behind at least 25,000 ATMs in India

AGS Transact Technologies (AGSTT), the brainchild of Ravi Goyal, is the leading provider of touch point technology solutions to the banking industry. It derives 70 percent of its turnover from the supply and maintenance of ATMs for banks. The remaining 30 percent is generated by providing similar dispensing technology solutions to the petroleum, retail and paints industries. It operates on an outsourced transaction-based model where the machines are built and maintained by the company instead of the bank. Or, simply put, AGSTT takes care of leasing, building and managing the cash lifecycle of the ATMs, and charges the bank based on the transactions that take place on the machines.  Read more of this post

PandoMaps: An interactive map of the Netscape Mafia

PandoMaps: An interactive map of the Netscape Mafia

BY DAVID HOLMES 
ON AUGUST 27, 2013

netscape-mafia

This is the third in a four-part series of startup visualizations built by the students of Jay Rosen’s Studio 20 journalism program at NYU. Read the first post in the series which introduces the tool and maps out Silicon Valley’s “first family,” the Fairchild Mafia, and read the second post in the series, which maps out Larry Ellison and the Oracle Mafia.

Click here to see every startup that sprung out of the Netscape Mafia (startup descriptions pulled from Crunchbase) [Visualization built by Simran Khosla, Jesse Kipp, Nuha Abujaber, and Jonathan Soma] Is your company or a company you know missing? Click here to submit your information and get on the map!

Netscape’s circle of influence

Before Chrome, before Firefox, even before Internet Explorer, there was Mosaic. Read more of this post

With Sinofsky On Board, Box Is Now Capable Of Mounting The First Credible Threat To Office

With Sinofsky On Board, Box Is Now Capable Of Mounting The First Credible Threat To Office

ALEX WILHELM

posted 8 hours ago

Today Box announced that Steven Sinofsky hasjoined its operations as an adviser. The relationship was kicked off via Facebook message, consummated over pho, and gives Box key talent and experience that it needs to grow its enterprise-facing document storage solution. And to build its next set of products. The race to store your files online is not a mere struggle for dominance of low-margin cloud document management. Price pressure via increasing competition from wealthy technology companies is already leading to, in some cases, the elimination of consumer storage costs. For example, Flickr will give you a terabyte of space for your pictures, and Outlook.com has essentially unlimited storage. Read more of this post

Why Amazon Is on a Warehouse Building Spree; To speed delivery and fend off EBay and Wal-Mart, Amazon has spent $13.9 billion on warehouses since 2010

Why Amazon Is on a Warehouse Building Spree

By Danielle Kucera August 29, 2013

For a company whose showrooms are all online, Amazon.com (AMZN) spends a staggering amount on bricks and mortar. The e-commerce giant has invested roughly $13.9 billion since 2010 to build 50 new warehouses, more than it had cumulatively spent on storage facilities since its 1994 founding, bringing the total to 89 at the end of 2012. (It’s announced five more in the U.S. this year.) Amazon aims to be able to deliver most items the day they’re ordered, so it can keep rivals such as EBay (EBAY) and Wal-Mart Stores (WMT) from peeling off customers. EBay offers same-day delivery in some cities, and Wal-Mart is moving more sales online. “What Wal-Mart and EBay are working on is, can they be faster than Amazon?” says Wells Fargo (WFC) analyst Matt Nemer. “It might not be the highest-margin sale in the world, but they can potentially get something to you in an hour.” Read more of this post

Vending Machines Get Smart to Accommodate the Cashless

Vending Machines Get Smart to Accommodate the Cashless

By Olga Kharif August 29, 2013

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More than 40 percent of U.S. adults say they can go a week without paying for something with cash, according to a survey conducted by Rasmussen Reports last year, but most of the roughly 5 million vending machines in the U.S. still accept only coins or bills, even as prices rise. Vending industry sales fell 18.3 percent between 2007 and 2011, to 1990s levels, before recovering slightly last year, to $19.3 billion. Read more of this post

Two online publications are taking different approaches to long-form journalism. One gives it away as long blog posts, the other charges a nominal $3 per month

AUGUST 29, 2013, 1:32 PM

A Tale of Two Online Business Models

By NICK BILTON

Over the weekend, the tech blogosphere was in a tizzy over a profile of Marissa Mayer, the chief executive of Yahoo. While some readers slurped up the content in the piece, titled “The Truth About Marissa Mayer: An Unauthorized Biography,” others seemed more excited by where it was written and published: Business Insider, routinely the home of kitten videos and endless lists of Top 100 slide shows. For many, finding this piece on Business Insider was like going to a vegetarian restaurant and being served a bloody, rare steak sprinkled with bacon bits. Read more of this post

Troubles Ahead for Internet Advertising; Much of the commercial Web relies on advertising, but increasing use of ad-blocking software is just one of the problems that advertisers face.

AUGUST 29, 2013, 2:29 PM

Troubles Ahead for Internet Advertising

By QUENTIN HARDY

When it comes to advertising, the Internet is at war with itself.

Much of the Web relies on advertising income, but anti-ad technology could put a dent in that revenue. A recent report from the Web service PageFair said that on average 22.7 percent of visitors to 220 Web sites were using ad-blocking software, which automatically removes most ads from a Web page. The figures were highest in gaming and technology Web sites, which tend to have a large concentration of savvy users. Read more of this post

Start-ups alter $15-billion computer storage industry

August 29, 2013 7:01 pm

Start-ups alter computer storage

By Richard Waters in San Francisco

The prospects of an upheaval in a $15bn segment of the computer storage industry caused by the rise of a new generation of start-ups has started to draw substantial investment to the area, to judge from the latest bout of financing news this week. Pure Storage, a private company based in Silicon Valley, said yesterday that it had raised $150m from a handful of the biggest US fund groups in a prelude to seeking a stock market listing. Read more of this post