Alistair's Feed
Dec 23, 2012

Amazon, Google on collision course in 2013

SAN FRANCISCO, Dec 23 (Reuters) – When Amazon.com Inc
CEO Jeff Bezos got word of a project at Google Inc
to scan and digitize product catalogs a decade ago, the
seeds of a burgeoning rivalry were planted.

The news was a “wake-up” call to Bezos, an early investor in
Google. He saw it as a warning that the Web search engine could
encroach upon his online retail empire, according to a former
Amazon executive.

Dec 20, 2012

Facebook tests charging users to send certain messages

SAN FRANCISCO (Reuters) – Facebook Inc unveiled a test on Thursday that charges users to send certain types of messages through the social network, the latest example of the company looking for new sources of revenue and profit.

Until now, Facebook’s messaging system sends the most-relevant messages, including those from users’ Facebook friends, into an Inbox and siphons off less-relevant messages, such as potential spam, in an “Other” folder.

Dec 19, 2012

Owner of OpenTV slaps Netflix with patent lawsuit

By Alistair Barr

(Reuters) – The owner of interactive television pioneer OpenTV sued Netflix Inc on Wednesday, alleging the company infringed on patents that cover technology underpinning the fast-growing Internet video sector.

Switzerland-based Kudelski SA, which owns OpenTV, said in its lawsuit that Netflix infringed on seven U.S. patents covering aspects of over-the-top TV technology (OTT), including: the use of viewer information to make recommendations; digital rights management; and video playback.

Dec 17, 2012

Nordstrom family scion keeps up with Amazon online

SAN FRANCISCO (Reuters) – The future of retail came to Jamie Nordstrom not in a dream, but though his email inbox from Amazon.com Inc, the online retailer that Nordstrom now targets as his biggest rival.

The 40 year-old, great-grandson of Nordstrom Inc founder John W. Nordstrom and president of Nordstrom Direct ordered a fishing tackle box from Amazon last year. And then he received emails from Amazon about other tackle boxes for five straight days.

Dec 14, 2012

Wal-Mart selling Apple’s iPhone 5 at big discount

SAN FRANCISCO, Dec 14 (Reuters) – Wal-Mart Stores Inc
said on Friday that it began selling Apple Inc’s
flagship iPhone 5 smartphone at a big discount in
thousands of its stores.

Wal-Mart said it is selling the 16 GB Apple iPhone 5 for
$127, versus an original price of $189.97. The price is valid
with a two-year contract from wireless carriers Verizon,
Sprint and AT&T, the retailer added.

Dec 14, 2012

VeriFone pulls back from small merchant payments

SAN FRANCISCO (Reuters) – VeriFone Systems Inc (PAY.N: Quote, Profile, Research, Stock Buzz) said on Thursday it will pull out of the hot business of signing up small merchants to accept credit card payments, reducing competition for start-up Square Inc and other companies that jumped into the space recently.

VeriFone, a leading provider of card readers and payment processing services, unveiled SAIL in May, a service that lets small and individual merchants accept card payments through devices that plug into smart phones and other mobile devices.

Dec 13, 2012

Exclusive: VeriFone to pull back from small merchants

SAN FRANCISCO (Reuters) – VeriFone Systems Inc (PAY.N: Quote, Profile, Research, Stock Buzz) is set to pull back from the hot business of signing up small merchants to accept credit cards payments, reducing competition for start-up Square Inc and other companies that jumped into the space recently, according to two people familiar with the situation.

VeriFone, a leading provider of card readers and payment processing services, unveiled SAIL in May, a service that lets small and individual merchants accept card payments through devices that plug into smart phones and other mobile devices.

Dec 13, 2012

VeriFone to pull back from small merchants

SAN FRANCISCO, Dec 13 (Reuters) – VeriFone Systems Inc
is set to pull back from the hot business of signing up
small merchants to accept credit cards payments, reducing
competition for start-up Square Inc and other companies that
jumped into the space recently, according to two people familiar
with the situation.

VeriFone, a leading provider of card readers and payment
processing services, unveiled SAIL in May, a service that lets
small and individual merchants accept card payments through
devices that plug into smart phones and other mobile devices.

Dec 13, 2012

As global consumers shop mobile, Apple outshines rivals

PARIS/PALO ALTO, Calif, Dec 12 (Reuters) – Apple’s
stock may be sliding as investors fret about growing
competition, but store visits and interviews with smartphone and
tablet shoppers in 10 cities around the world suggest consumers
share little of that negativity.

With tablets and other mobile devices the gadgets of choice
this holiday season, Reuters canvassed over 70 shoppers and
store employees across Sydney, Seattle, Palo Alto, Shanghai,
Bangalore, Singapore, Paris, London, Mexico City and Boston for
insight into what does and doesn’t beckon.

Dec 6, 2012

Gilt hires Citi Internet exec Peluso as CEO

SAN FRANCISCO, Dec 6 (Reuters) – Gilt Groupe said on
Thursday it hired board member and Citigroup Inc Internet
executive Michelle Peluso as chief executive as the e-commerce
company prepares for a possible initial public offering next
year.

Peluso will replace Gilt founder and current CEO Kevin Ryan
in late February. Ryan will become chairman of Gilt and the
company’s current chairman Susan Lyne will be vice chairman, the
company said.