Posted by Shirley Brady on September 13, 2011 07:02 PM
BMW, Audi, Mercedes-Benz and Porsche hit Frankfurt Auto Show with luxury cars retooled for younger generation, while Maserati brings Jeep-based SUV to Frankfurt.
ConAgra sets deadline for Ralcorp.
Cracker Barrel's new CEO outlines her plan amidst shareholder battle.
Dr. Oz shakes apple juice industry to the core.
eBay hit by criminal probe over use of Craigslist information.
Heineken-sponsored private concert in Brooklyn by Kanye West released by Vevo.
Ikea dispels death of Billy (bookcase) rumors.
KFC Australia pulls campaign claiming free range chickens.
Lady Gaga releases second in series of "fashion films" on YouTube.Continue reading...
social media watch
Posted by Sheila Shayon on September 1, 2011 04:56 PM
Turns out the burgeoning but increasingly complex world of daily deals requires outsized margins that have afforded founder companies Groupon and LivingSocial their success.
Robust local sales efforts are de rigueur to generate enough deal “inventory” to make the consumer proposition viable in a U.S. market worth at minimum $3 billion, according to Opus Research projections — and Facebook, for one, isn't ready to make that kind of commitment.
The social network is checking out of the daily deals business it launched in April in Atlanta, Austin, Dallas, San Diego and San Francisco. "After testing Deals for four months, we've decided to end our Deals product in the coming weeks. We think there is a lot of power in a social approach to driving people into local businesses. We've learned a lot from our test and we'll continue to evaluate how to best serve local businesses," said a Facebook statement.Continue reading...
Posted by Shirley Brady on July 28, 2011 06:00 PM
Goldman, Citigroup bond sale spiked by S&P while JPMorgan Chase's Jamie Dimon and other Wall Street CEOs pressure politicians to stopstalling on a debt ceiling deal.
Amazon cuts movie streaming deal with NBCUniversal's Universal Studios.
Facebook sues 25 online "typosquatters."
Google challenged on AdMeld acquisition by DOJ, while Senate schedules antitrust hearing.
Google Maps heads to the London Underground.
H&M signs David Beckham to create underwear "bodywear" collection.
Marvel wins suit brought by artist Jack Kirby's heirs.
Motorola Mobility beats Wall Street estimates.
Twitter pushes promoted tweets to top of users' timelines.
Yelp hires IPO-savvy CFO.
Posted by Sheila Shayon on June 3, 2011 11:30 AM
Small business has been feeding the daily deal industry, routinely assuming 75% of a deal’s cost and often with little or no repeat business. The draw for SMB’s to behemoths like Groupon is the reach: 60 million users and 500 markets.
Smaller merchants are becoming savvier in the deals they are making with the big guys like Groupon, LivingSocial, and web mainstays like Facebook, Yelp, Travelzoo, OpenTable who are all adding Groupon-like features — all the while being "bombarded" by a growing array of smaller wannabes, and contemplating what they can do without a middleman.Continue reading...
Posted by Sheila Shayon on March 28, 2011 05:00 PM
That Dora-esque complaint could be the battle cry from merchants fed up with paying a substantial fee to the credit card companies in return for carrying their card-swiping and transactional business.
The mobile payments market could reach $618 billion by 2016, according to consulting firm Edgar, Dunn & Co., and the battle is heating up.
Google has partnered with MasterCard and Citigroup to have the Nexus S Android smartphone, developed with Samsung, embedded with near-field communication (NFC) technology to enable purchases with a wave of the device across readers at the point-of-sale or check-out.
It’s the next territorial imperative for m-commerce as the financial-services, technology and telecom industries craft strategies and devices to get more of consumer spending via smartphones which are virtually transforming into electronic wallets.Continue reading...
social media watch
Posted by Sheila Shayon on March 21, 2011 01:00 PM
Groupon’s meteoric rise is probably already a B-school case study.
The startup, with 30-year-old Andrew Mason at the helm, emails a whopping 70 million deal-of-the-day promotions to subscribers world-wide. The next stage, according to a company profile in Bloomberg Businessweek magazine: skipping email and going straight to users cellphones with Groupon Now, a new mobile app that offers deals based on time of day and the user's location at that moment.
It's a development that could define the near future of local commerce.Continue reading...
Posted by Shirley Brady on February 16, 2011 06:00 PM
Apple is #1 on Fast Company's list of 50 most innovative companies.
Apple's new iPad subscription policy begins signing up magazine titles, with Elle, Nylon and Popular Science agreeing to terms.
Archie Comics go digital with Graphic.ly.
CBS revenue is up, while CBS College Sports channel to be renamed CBS Sports Network.
Cisco will help city of Barcelona with '2020 Vision' for sustainable urban and economic growth.Continue reading...
social media watch
Posted by Sheila Shayon on December 6, 2010 10:00 AM
While Google recently ventured into local recommendations with HotPot, a smaller social startup has been quiety vying for a slice of that market.
Bizzy bills itself as a personalized local business recommendation engine, an alternative to not only HotPot but also Yelp and Zagat’s user reviews.
The idea is to connect insider tips from like-minded people with similar tastes. Bizzy asks each user 15 questions about their favorite local eateries, watering holes and businesses, and then offers up recommendations tailored for you.
“The problem with listing and review sites is they tell you plenty about where you can go, but they never tell you where you should go,” says Bizzy founder Gadi Shamia.Continue reading...