Alistair's Feed
Jul 21, 2013

Amazon vs. IBM: Big Blue meets match in battle for the cloud

SAN FRANCISCO (Reuters) – The tech industry maxim that “no one ever got fired for buying IBM” is a testament to how Big Blue has been the gold standard in computing services for decades.

But IBM faces an unlikely challenger in Amazon.com Inc, the e-commerce retail giant that is becoming a force in the booming business of cloud computing, even winning backing from America’s top spy agency.

Jul 18, 2013

EBay drops on economic ‘headwinds’ in Europe, South Korea

July 17 (Reuters) – EBay Inc reported solid
second-quarter results on Wednesday but Chief Executive John
Donahoe warned of economic “headwinds” in the second half of the
year from Europe and South Korea.

Chief Financial Officer Bob Swan told analysts that eBay’s
full-year results will come in at the low end of the company’s
forecast range, helping to send shares of the e-commerce giant
down more than 5 percent in after-hours trading.

Jul 17, 2013

EBay drops on economic ‘headwinds’ in Europe, Korea

July 17 (Reuters) – EBay Inc reported solid
second-quarter results on Wednesday but Chief Executive John
Donahoe warned of economic “headwinds” in the second half of the
year from Europe and Korea.

Those comments, and weaker-than-expected third-quarter
forecasts, sent shares of the e-commerce company down more than
5 percent in after-hours trading.

Jul 17, 2013

EBay shares drop as CEO warns of overseas ‘headwinds’

By Alistair Barr

(Reuters) – EBay Inc (EBAY.O: Quote, Profile, Research, Stock Buzz) reported solid second-quarter results on Wednesday but Chief Executive John Donahoe warned of “headwinds” in the second half of the year, sending shares of the e-commerce company down more than 5 percent in after-hours action.

Second-quarter net income was $822 million, or 63 cents a share, versus $730 million, or 56 cents a share, in the same period a year earlier. Revenue rose 14 percent to $3.88 billion. EBay was expected to earn 63 cents a share on revenue of $3.89 billion, according to Thomson Reuters I/B/E/S.

Jul 14, 2013

Analysis: New e-commerce strategies threaten UPS, FedEx

SAN FRANCISCO (Reuters) – UPS and FedEx might be worried about international shipments to slowing economies like China, but perhaps they should be more concerned about what’s going on in their own back yards.

Major U.S. retailers are experimenting with new e-commerce strategies that could dent demand for package delivery services, particularly demand for shipments over long distances, according to analysts and industry executives.

Jul 14, 2013

New e-commerce strategies threaten UPS, FedEx

SAN FRANCISCO, July 14 (Reuters) – UPS and FedEx
might be worried about international shipments to
slowing economies like China, but perhaps they should be more
concerned about what’s going on in their own back yards.

Major U.S. retailers are experimenting with new e-commerce
strategies that could dent demand for package delivery services,
particularly demand for shipments over long distances, according
to analysts and industry executives.

Jul 11, 2013

Amazon shares hit another record on strong sales data

SAN FRANCISCO, July 11 (Reuters) – Amazon.com Inc
shares hit another record on Thursday after e-commerce firm
ChannelAdvisor Corp released strong online sales data.

ChannelAdvisor reported that client sales on Amazon.com
jumped 30.6 percent in June, compared with the same month last
year. That year-over-year growth rate was up from May’s rate of
25.8 percent.

Jul 9, 2013

Asiana plane was far below target speed before San Francisco crash

SAN FRANCISCO/SEOUL (Reuters) – The role of the pilots in Saturday’s crash of an Asiana Airlines plane in San Francisco came under increasing scrutiny on Monday as U.S. investigators began to interview them and released new details about the jet’s dangerously slow air speed before it slammed into the ground.

The Asiana Airlines Boeing 777 was flying 39 miles per hour below its target speed of 158 mph in the moments before it crashed at San Francisco’s international airport, National Transportation Safety Board Chairwoman Deborah Hersman said at a news conference in San Francisco.

Jul 8, 2013

Barnes & Noble CEO resigns after Nook sales slump

NEW YORK (Reuters) – Barnes & Noble Inc (BKS.N: Quote, Profile, Research, Stock Buzz) Chief Executive William Lynch resigned on Monday after he led a failed attempt by the U.S. bookstore chain to compete against the likes of Amazon.com Inc, Apple Inc and Google Inc in the e-reader and tablet markets.

Chairman and founder Leonard Riggio, the largest shareholder of Barnes & Noble, said the company is reviewing its strategic plan and announced a series of executive changes.

Jul 7, 2013

Two killed, many injured as South Korean airliner crashes, burns in San Francisco

SAN FRANCISCO (Reuters) – An Asiana Airlines Boeing 777 with 307 people on board crashed and burst into flames as it landed at San Francisco International Airport on Saturday after a flight from Seoul, and initial reports said two people were killed and more than 130 sent to hospitals.

After approaching the airport across San Francisco Bay, the plane appeared to strike the edge of the approach area of the runway. The tail came off and the aircraft left a trail of debris before coming to rest beside the runway.