Posted by Shirley Brady on June 17, 2010 08:00 AM
BP CEO Tony Hayward will face a tough audience and aim to strike an emotional chord (and avert criminal charges) in his testimony in Washington today, as company's shares rise on news of $20 billion compensation fund. Obama's speech on the oil spill Tuesday night? Too "professorial" says linguist.
Two Dutch women appeared in court in South Africa, facing jail time over Bavaria Beer's ambush marketing stunt at the World Cup.
AOL confirms Bebo sale to turnaround firm.
Bank of America and other banks hope to phase out free checking without alienating customers.
Boots becomes first major UK retailer to adopt contactless Mastercard payments.
Facebook valuation debate: $3.60 or $136.38 per fan?Continue reading...
Posted by Sheila Shayon on May 19, 2010 02:26 PM
Adults in the UK are more cautious than Americans when it comes to social media. No question usage is growing, but according to a new report from Ofcom, a British government agency, Brits are increasingly leery about sharing personal information and more concerned about online security than ever before.
The study, conducted in 1,824 in-home interviews, highlights media consumption habits and attitudes. Overall, the number of UK adults with a social network profile has doubled, from 22% in 2007 to 44% in 2009, with more than one-third (35%, to be precise) checking in at least once a week.
More women (48%) than men (40%) reported maintaining an active social profile. Not surprisingly, 69% of the youngest demographic surveyed (16-24) are active social networkers, vs. the 65+ demo, who typically check in only once a week.
As with any statistical research, there’s a self-esteem factor that skews the results. In this case, “ just 1% of U.K. adults who use the Internet said they look at "adult-only Web sites." Riiiiight. In statistical parlance this is a "big fat lie" that flies in the face of 2008 research indicating that some 58% of British men and 18% of women look at online pornography.Continue reading...
Posted by Sheila Shayon on April 7, 2010 11:02 AM
AOL is selling, or shutting down, Bebo, the networking site it bought in 2008 – for $850 million.
A recent internal AOL memo summed it up: “It is clear that social networking is a space with heavy competition, and where scale defines success. Bebo, unfortunately, is a business that has been declining and, as a result, would require significant investment in order to compete in the competitive social networking space."
When AOL purchased Bebo it was a popular British site, but it never got a grip in the US, entering the fray of social media as it was powerfully on the rise.Continue reading...
Posted by Sara Zucker on April 7, 2010 06:25 AM
Macy's hopes that celebrities will bring sales. [Brandweek]
The iPad has given Netflix a surprising boost. [Daily Finance]
Zale Corp. may finally find a purchaser. [Businessweek]
Digg will eliminate its Diggbar, citing confusion. [TechCrunch]
AOL is debating the closure of its Bebo site. [Adweek]
Spirit Air is implementing carry-on luggage costs. [Reuters]Continue reading...