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Tuesday, June 4, 2013

Technology Report: Amazon plans major move into grocery business

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06/4/2013
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Amazon plans major move into grocery business
SAN FRANCISCO (Reuters) - Amazon.com Inc is planning a major roll-out of an online grocery business that it has been quietly developing for years, targeting one of the largest retail sectors yet to be upended by e-commerce, according to two people familiar with the situation.
Salesforce adds social marketing power with $2.5 billion ExactTarget deal
(Reuters) - Salesforce.com Inc, the biggest maker of online sales management tools, said it would pay $2.5 billion for marketing software maker ExactTarget, which helps companies reach customers on social networks through mobile devices.
IBM to buy website hosting service SoftLayer
(Reuters) - International Business Machines said on Tuesday it would acquire Web hosting company SoftLayer Technologies and create a new division for clients interested in so-called cloud services, a move to better compete with larger rivals in the space.
Amazon writes huge check for video rights to Dora, SpongeBob
SAN FRANCISCO (Reuters) - Amazon.com Inc wrote its largest-ever check for a subscription-streaming deal, securing hundreds of mostly childrens' TV programs from Viacom Inc for its Internet video service and ratcheting up pressure on rival Netflix.
Lenovo planning smartphone venture in expansion drive
SINGAPORE/HONG KONG (Reuters) - China's Lenovo Group Ltd, the world's No.2 PC maker, is in detailed discussions on a smartphone venture with NEC Corp, a Japanese partner in PCs whose mobile business is faltering, as it eyes partnerships and acquisitions to expand in high-growth markets.
Airlines push new booking platform, IT firms wary
CAPE TOWN (Reuters) - The airline industry is set to allow consumers to see more details of what they are booking using a new online reservation platform, a project that poses a threat to many travel technology firms working with older systems.
Amazon ad revenue may top $800 million this year: eMarketer
SAN FRANCISCO (Reuters) - Amazon.com Inc advertising revenue may top $800 million this year as the world's largest Internet retailer uses its huge customer base and store of purchasing data to show more-target ads on its websites and those of other companies, eMarketer estimated on Tuesday.
To revive Infosys, Murthy must revamp sales, culture
BANGALORE (Reuters) - Narayana Murthy's success in turning around Indian IT services firm Infosys hinges on his ability to revive its sales efforts and shake up the conservative culture he helped create.
Israel's Wix files registration with SEC for U.S. IPO
TEL AVIV (Reuters) - Wix, a web development and design platform, has submitted a draft registration to the U.S. Securities and Exchange Commission for a possible initial public offering of its ordinary shares.
Insight: Corbat faces ghost of Weill's deals in Citi's machines
(Reuters) - When Vikram Pandit was abruptly ousted as Citigroup Inc's chief executive late last year, senior bank employees speculated for weeks about who would follow him out the door.
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