Alistair's Feed
Apr 3, 2013

PayPal tests financing for online sellers as Kabbage raises debt

SAN FRANCISCO (Reuters) – EBay Inc’s payments business, PayPal, already lends money to online shoppers, but it is now starting to finance the merchants who sell on the company’s online marketplaces.

PayPal has already tested a financing program for eBay sellers in the U.K. and it plans similar tests in the United States this year, a company spokesman said on Tuesday.

Apr 1, 2013

Capitol wins digital records lawsuit vs ReDigi start-up

By Jonathan Stempel and Alistair Barr

(Reuters) – In a major lawsuit testing the legitimacy of music downloads, Capitol Records LLC has won a court ruling that the start-up ReDigi Inc has infringed its music copyrights.

U.S. District Judge Richard Sullivan in Manhattan said ReDigi was not authorized to allow listeners to use its platform to buy and sell “used” digital music tracks originally bought from Apple Inc’s iTunes website.

Apr 1, 2013

Capitol wins in digital records lawsuit against ReDigi start-up

April 1 (Reuters) – In a major lawsuit testing the
legitimacy of music downloads, Capitol Records LLC has won a
court ruling that the start-up ReDigi Inc has infringed its
music copyrights.

U.S. District Judge Richard Sullivan in Manhattan said
ReDigi was not authorized to allow listeners to use its platform
to buy and sell “used” digital music tracks originally bought
from Apple Inc’s iTunes website.

Mar 28, 2013

EBay CEO says company to enable $300 bln of business in 2015

SAN FRANCISCO, March 28 (Reuters) – EBay Inc Chief
Executive Officer John Donahoe said on Thursday that the company
would enable $300 billion of commerce in 2015, up 71 percent
from $175 billion in 2012.

That forecast includes sales on eBay’s online marketplace,
payments processed by PayPal and other transactions touched by
the company’s various businesses, such as GSI Commerce.

Mar 28, 2013

Exclusive: Wal-Mart may get customers to deliver packages to online buyers

SAN FRANCISCO (Reuters) – Wal-Mart Stores Inc is considering a radical plan to have store customers deliver packages to online buyers, a new twist on speedier delivery services that the company hopes will enable it to better compete with Amazon.com Inc.

Tapping customers to deliver goods would put the world’s largest retailer squarely in middle of a new phenomenon sometimes known as “crowd-sourcing,” or the “sharing economy.”

Mar 28, 2013

Wal-Mart may get customers to deliver packages to online buyers

SAN FRANCISCO, March 28 (Reuters) – Wal-Mart Stores Inc
is considering a radical plan to have store customers
deliver packages to online buyers, a new twist on speedier
delivery services that the company hopes will enable it to
better compete with Amazon.com Inc.

Tapping customers to deliver goods would put the world’s
largest retailer squarely in middle of a new phenomenon
sometimes known as “crowd-sourcing,” or the “sharing economy.”

Mar 27, 2013

Wal-Mart steps up its online game with help from stores

, March 26 (Reuters) – Wal-Mart Stores Inc
, facing growing competition for quick delivery of
physical goods from online retailers like Amazon.com Inc
, said on Tuesday it would start using its stores to get
Internet orders to customers faster.

While Wal-Mart is the world’s largest retailer by overall
sales, on the Internet its revenue is a small fraction of
Amazon’s, adding some urgency to its e-commerce efforts.

Mar 26, 2013

Wal-Mart to test lockers in stores for online deliveries

SAN BRUNO, California (Reuters) – Wal-Mart Stores Inc will test the use of lockers in its stores to hold goods ordered online until shoppers pick them up, Neil Ashe, chief executive of its e-commerce unit, said on Tuesday.

The test, starting this summer, is one of many steps the retailer is taking to link its growing e-commerce business with its thousands of stores around the world, Ashe told a group of reporters at the company’s e-commerce media day in San Bruno, California.

Mar 25, 2013

Wall Street worries about PayPal’s real-world expansion

SAN FRANCISCO (Reuters) – Wall Street is having second thoughts about following PayPal from its online roots into the physical world.

PayPal, a leader online, launched a push in 2011 to become a payment option in brick-and-mortar stores. The move increases PayPal’s potential market by a factor of at least 10, and has been a big driver of the shares of owner eBay Inc, which surged 68 percent in 2012.

Mar 21, 2013

HBO CEO mulls teaming with broadband partners for HBO GO

SAN FRANCISCO, March 21 (Reuters) – HBO could widen access
to its HBO GO online streaming service by teaming up with
broadband Internet providers for customers who do not subscribe
to a cable TV service, according to HBO’s Chief Executive
Richard Plepler.

“Right now we have the right model,” Plepler told Reuters on
Wednesday evening at the Season 3 premiere of HBO’s hit TV show
“Game of Thrones.” “Maybe HBO GO, with our broadband partners,
could evolve.”