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Aug 28, 2014

For many Californians, cost of earthquake insurance outweighs the risks

NAPA Calif (Reuters) – During Sunday’s 6.0 magnitude earthquake, some $75,000 worth of bottles of wine, rum and whiskey flew off the shelves of Aiyaz Masani’s liquor store in Napa, California. He estimates about half his inventory was damaged, winding up in three-foot piles in the aisles.

But that financial hit is far from enough to convince him to buy earthquake insurance for Redwood Liquor. That would mean forking over about 7 to 8 percent of his insured value of $100,000 in premiums alone, he said.

Aug 26, 2014

Fund managers look to make room for Alibaba

SAN FRANCISCO/NEW YORK, Aug 26 (Reuters) – Investors are
looking over portfolios to make room for Chinese e-commerce
giant Alibaba Group Holdings Inc’s market debut next month – and
that means some less attractive stocks that funds are holding
might be shown the door.

The initial public offering, which could top $16 billion to
become the largest-ever IPO by a technology company, is expected
as early as next month after Alibaba management kicks off a
two-week investor road show after the Labor Day weekend.

Aug 25, 2014

Amazon snaps up live video startup Twitch for $970 million cash

SAN FRANCISCO (Reuters) – Amazon.com Inc (AMZN.O: Quote, Profile, Research, Stock Buzz) on Monday said it will buy live-streaming gaming network Twitch Interactive for about $970 million in cash, marking one of the U.S. e-commerce company’s largest deals to date.

The move reflects Amazon’s mounting investments in original television and gaming content over the last few years as the company branches out into businesses beyond retail.

Aug 25, 2014

Amazon snaps up live video startup Twitch for $970M cash

SAN FRANCISCO, Aug 25 (Reuters) – Amazon.com Inc on
Monday said it will buy live-streaming gaming network Twitch
Interactive for about $970 million in cash, marking one of the
U.S. e-commerce company’s largest deals to date.

The move reflects Amazon’s mounting investments in original
television and gaming content over the last few years as the
company branches out into businesses beyond retail.

Aug 13, 2014

Amazon.com takes on PayPal, Square with credit card reader

SAN FRANCISCO (Reuters) – Amazon.com Inc (AMZN.O: Quote, Profile, Research, Stock Buzz) unveiled a $10 credit-card reader and mobile app for businesses on Wednesday, expanding further into bricks-and-mortar retail and the rapidly evolving mobile payments arena.

The move pits Amazon against a slew of rivals including startup Square, which popularized a card swiper that plugs into a smartphone or tablet and allows small- and mid-sized businesses like food trucks and coffee shops to quickly accept credit and debit transactions.

Aug 13, 2014

Amazon.com builds brick-and-mortar presence with card-swiping device

SAN FRANCISCO (Reuters) – Amazon.com Inc (AMZN.O: Quote, Profile, Research) unveiled a $10 (5.95 pounds) credit-card reader and mobile app for brick-and-mortar businesses on Wednesday, marking the latest step by the U.S. online retailer to expand its presence in the physical world.

The move pits Amazon against a slew of rivals, including startup Square, which popularized a payments dongle that allowed small- and mid-sized businesses like food trucks, coffee shops and personal trainers to quickly accept credit and debit cards.

Aug 13, 2014

Alibaba forges tighter Alipay bond with new pact

SAN FRANCISCO, Aug 12 (Reuters) – Alibaba Group Holding Ltd
(IPO-BABA.N: Quote, Profile, Research, Stock Buzz) overhauled its pact with the parent of fast-growing
payments affiliate Alipay, boosting the Chinese e-commerce
giant’s potential gains if that company is sold or goes public.

The revised deal strengthens ties between Alibaba and
Alipay, which is crucial to powering online e-commerce but
became the subject of controversy after it was spun off
separately. That move spurred protests from major shareholders
Yahoo Inc and Softbank Corp and led to a
framework agreement in 2011.

Aug 5, 2014

Groupon cuts 2014 outlook as marketing costs jump; shares slide

SAN FRANCISCO (Reuters) – Groupon Inc slashed its full-year profit outlook on Tuesday, citing the need to spend abundantly on marketing to power the once-high-flying Internet coupon company’s transition to a more comprehensive online retailer.

The outlook did little to calm some investors’ fears over when Groupon’s turnaround will gain traction and if its ambition to be “the starting point for mobile commerce” is too lofty.

Jul 31, 2014

Analysis – Amazon quickens push into tough local services market

SAN FRANCISCO (Reuters) – Seattle audio and video technician Todd Mueller showed up last year for what might have been a routine job except for one thing: Amazon.com Inc (AMZN.O: Quote, Profile, Research) was taking notes. As he mounted a flat-screen TV on the wall, an Amazon employee studied how he covered his shoes and used a blanket to protect the hardwood floor.

After at least two years of study, Amazon is ramping up efforts to offer repair, installation and other services online, tackling a fragmented but potentially rich U.S. market that may be worth an estimated $400 billion (£236.3 billion).

Jul 31, 2014

Amazon quickens push into tough local services market

SAN FRANCISCO (Reuters) – Seattle audio and video technician Todd Mueller showed up last year for what might have been a routine job except for one thing: Amazon.com Inc (AMZN.O: Quote, Profile, Research, Stock Buzz) was taking notes. As he mounted a flat-screen TV on the wall, an Amazon employee studied how he covered his shoes and used a blanket to protect the hardwood floor.

After at least two years of study, Amazon is ramping up efforts to offer repair, installation and other services online, tackling a fragmented but potentially rich U.S. market that may be worth an estimated $400 billion.

    • About Deepa

      "Deepa Seetharaman is a San Francisco-based reporter covering e-commerce companies, including Amazon.com Inc and eBay Inc. She previously covered the auto industry from Detroit and wrote about airlines, hotels and the U.S. stock market from New York. She joined Reuters in June 2008 after studying journalism and history at Northwestern University."
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