RadioShack Corp. (RSH.N) is encountering major static from an online marketing environment. The nearly century-old company said on Sept. 11 it may need to file for bankruptcy protection, after reporting its tenth straight quarterly loss. We look at another retailer with a big investment in bricks and mortar – Best Buy Co. Inc. (BBY.N),which is going through its own troubles.
Phone makers RIM and Nokia denied installing on their mobile devices an app which can monitor what users are doing without their knowledge or consent while carriers AT&T and Sprint admitted to using it. The companies responded after a security researcher demonstrated in online videos how the "Carrier IQ" software worked on Google's Android operating system and said that phones running RIM's BlackBerry platform and Nokia's Symbian OS also had the software installed. AT&T and Sprint said they use "Carrier IQ" to monitor network quality.
Microsoft has signed a confidentiality agreement with Yahoo, allowing the software giant to take a closer look at Yahoo's business, according to a source familiar with the matter. Microsoft joins several private equity firms that are also poring over Yahoo's books and operations, as they explore various options for striking a deal with the struggling Internet company. Microsoft's signing of a nondisclosure agreement with Yahoo occurred "recently," according to the source.
One of the biggest video game launches ever is going down tonight at stores all over the U.S. "Modern Warfare 3", the eighth game in the "Call of Duty" series is going on sale at midnight While the usual suspects like GameStop and Best Buy will be open late to accommodate the crowds, Wal-Mart is going all out by hosting tournaments centered around the game at more than 2,700 stores starting at 8 p.m..
Facebook's first-half revenue roughly doubled to $1.6 billion, underscoring the world's largest social network's appeal to advertisers, a source with knowledge of its financials told Reuters. Net income in the first half of 2011 came to almost $500 million, said the source, who wished to remain anonymous because privately-held Facebook does not disclose its results. Facebook's stronger results come as investors have pushed its valuation to roughly $80 billion in private markets, with many industry observers expecting the world's No. 1 Internet social network to go public in 2012.
Ahhh, Super Bowl Monday. The hangovers. The salsa stains on the sofa. The dreams of winning your office betting pool crushed. And the ad reviews. Yes, today is the day when everyone -- many with little or no connection to advertising, football or tastemaking -- puts out a list of the top Super Bowl commercials. Some are better than others. USA Today's Super Bowl Ad Meter is probably the best known (and this morning had Bud Light's Dog Sitter ad ranked tops). But two others that are very good gauges of the winners/losers of the Ad Bowl are TiVo and the Kellogg Super Bowl Advertising Review.
from Shop Talk:
Check out the impending barrage of new video games.
It is all about motion sensors and 3D as Nintendo, Microsoft and Sony introduce new systems and devices to get more people gaming.
from Shop Talk:
Check out a different kind of tournament bracket still underway.
The Duke Blue Devils may have won yet another college basketball title Monday night, but consumers can still make their "Sweet 16" picks in Consumerist.com's annual "Worst Company in America" tournament, which runs through April 26.