Alistair's Feed
May 21, 2013

PayPal to increase marketing this year for offline push

SAN FRANCISCO (Reuters) – PayPal, the online payment operation owned by eBay Inc, will increase marketing spending to support its push into physical stores, President David Marcus said on Tuesday.

“You’ll start seeing us amping marketing up later this year,” Marcus said in an interview with Reuters.

May 21, 2013

Amazon wins key cloud security clearance from government

SAN FRANCISCO (Reuters) – Amazon.com Inc has been given a security clearance by the U.S. government that will make it easier for federal agencies to use its cloud computing services.

Amazon Web Services, known as AWS, was certified to operate as a cloud service provider for three years under the government’s new FedRAMP program. The accreditation covers all AWS data centers in the United States, the company said on Tuesday.

May 17, 2013

Target goes hunting in Silicon Valley, following Wal-Mart

SAN FRANCISCO (Reuters) – Target Corp (TGT.N: Quote, Profile, Research, Stock Buzz) said on Friday it opened a new San Francisco office to track down technology companies that can help the second-largest U.S. retailer grow its online commerce business.

Target’s Technology Innovation Center is run by David Newman, an executive who spent six years at the online business of Wal-Mart Stores Inc (WMT.N: Quote, Profile, Research, Stock Buzz), which has had a major presence in Silicon Valley for several years.

May 17, 2013

Amazon kills ‘Zombieland’ TV project, backs ‘Alpha House’

SAN FRANCISCO (Reuters) – Amazon.com Inc decided not to turn pilot project “Zombieland” into a full TV series, but is going ahead with “Alpha House,” as the world’s largest online retailer enters the next stage of its foray into original video creation.

“Zombieland” writer and producer Rhett Reese wrote on Twitter that Amazon’s decision was “sad for everyone” and blamed it on negative online reviews of the pilot by viewers.

May 16, 2013

EBay developers working on possible apps for Google Glass

SAN FRANCISCO, May 16 (Reuters) – Developers at eBay Inc
are working on potential applications for Google Inc’s
Glass project, opening up the possibility that shopping
and broader commercial activities might be conducted through the
wearable technology.

“EBay Inc is participating in the beta of Google Glass and
we are exploring the various use-case scenarios,” said eBay
spokeswoman Amanda Miller.

May 16, 2013

Ex-Groupon CEO Mason moving to San Francisco to start new company

SAN FRANCISCO, May 16 (Reuters) – Former Groupon Inc.
Chief Executive Andrew Mason is moving to San Francisco
to start a company after recently recording an album of
“motivational business music,” according to an update on his
blog on Thursday.

“If there’s a silver lining to leaving Groupon, it’s the
opportunity to start something new,” Mason wrote. “I’ve
accumulated a backlog of ideas over the last several years, my
favorite of which I’ll be turning into a new company this fall.”

May 15, 2013

Amazon cloud partner Apptio raises $45 million

SAN FRANCISCO (Reuters) – Apptio, a start-up that helps big companies like Boeing Co track billions of dollars in technology spending, said on Wednesday that it raised $45 million from institutional investment firms including Janus Capital Group.

T. Rowe Price; The Hillman Company, the investment firm of billionaire Henry Hillman; and existing venture capital backers including Andreessen Horowitz, Greylock Partners and Madrona Venture Group, also invested.

May 15, 2013

Zynga, Groupon jump as Jana Partners reveals stakes

BOSTON (Reuters) – Jana Partners, one of the leading activist hedge fund firms run by Barry Rosenstein, has taken a liking to two of the most beaten-up technology stocks, giving a fillip to the share prices of both companies Wednesday.

Groupon climbed 5.5 percent to $7.28 in midday trading, a nine-month high. Zynga Inc. shares jumped 7 percent to $3.57.

May 15, 2013

Amazon gets help to lure big business to the cloud

SAN FRANCISCO (Reuters) – As Amazon.com Inc(AMZN.O: Quote, Profile, Research) seeks to transform itself into a leading provider of technology to the world’s largest corporations, it’s discovering that it needs help.

The online retailer, which since 2006 has moved aggressively into the business of renting remote computing, storage and other IT services, is roping in thousands of consulting and technology partners, from Cap Gemini SA (CAPP.PA: Quote, Profile, Research) to BMC Software Inc (BMC.O: Quote, Profile, Research), in a major push to woo big-spending corporate customers to its cloud computing division.

May 15, 2013

Analysis: Amazon gets help to lure big business to the cloud

SAN FRANCISCO (Reuters) – As Amazon.com Inc seeks to transform itself into a leading provider of technology to the world’s largest corporations, it’s discovering that it needs help.

The online retailer, which since 2006 has moved aggressively into the business of renting remote computing, storage and other IT services, is roping in thousands of consulting and technology partners, from Cap Gemini SA to BMC Software Inc, in a major push to woo big-spending corporate customers to its cloud computing division.