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Friday, 21 September 2012 14:32

Wal-Mart stops selling Amazon Kindles

NEW YORK (CNNMoney) -- Wal-Mart is joining Target in the decision to stop selling Amazon Kindles, in a move that appears to have come after a pricing dispute.   The company "recently" made a decision to stop selling Amazon products after existing inventory runs out, a Wal-Mart representative told CNNMoney in an emailed statement on Thursday. The company didn't expressly give a reason for its decision, but said this: "Our customers trust us to provide a broad assortment of products at everyday low prices, and we approach every merchandising decision through this lens."   Amazon (AMZN, Fortune 500) declined to comment on the news. The decision was first reported by Reuters, which cited an anonymous source and a leaked memo.   The loss of behemoth Wal-Mart (WMT, Fortune 500) as a retail partner could ding Amazon, which pulled in revenue of $114 billion in its fiscal second quarter.   In May, Target (TGT, Fortune 500) became the first big-box retailer to stop selling the Kindle line from Amazon, which could be perceived as a retail competitor. Target, which began selling Kindles in its brick-and-mortar stores in 2010, also did not provide a reason for its decision.   Amazon unveiled a…
Thursday, 20 September 2012 14:41

Michigan Companies In China To Expand Exports

WUHAN, China — Business leaders from 21 Michigan companies are in China this week meeting with prospective partners, distributors and buyers to increase export opportunities from Michigan to China.   The trade mission, being led by the Michigan Economic Development Corp., is taking place in tandem with Gov. Rick Snyder’s investment mission in China.   “China is an important and viable market for a wide range of products and services,” Snyder said. “This trade mission will open doors for these companies by helping them identify and enter into new relationships there. These Michigan companies, with products ranging from sporting goods and complex automotive components, will have a never-before-seen opportunity to reach new customers in the fastest-growing economy in the world.”     Delegates from the export mission are attending business matchmaking events in Nanjing, Shanghai, Hangzhou, Guiyang, Wuhan, and Chengdu. The matchmaking events include customized appointments with prospective partners, distributors and buyers in each region. The participants will also receive extensive training on exporting and doing business in China.   The mission participants will also join several of the governor’s investment mission events, including the Michigan Investment Attraction Seminar and Reception, the opening of the Michigan Center Office in Shanghai…
DETROIT — Stik.com, a Web site that uses Facebook to bring the business referral process online, announced it is moving from San Francisco to downtown Detroit’s growing technology district to grow its business.   The company will move into the Madison Building, a tech hub designed to encourage collaboration among local entrepreneurs and their budding companies.   Company co-founders Jay Gierak and Nathan Labenz are both from the Detroit area, and attended Harvard University where they were classmates and housemates with Mark Zuckerberg and the other founders of Facebook. Gierak and Labenz moved to Silicon Valley after graduation to build Stik.com, which launched in 2010.   Stik.com helps small companies that heavily rely on word-of-mouth referrals to acquire business and build a reputation through testimonials. The site also helps consumers find professional help they can trust when making important purchases such as a mortgage or insurance, directly through Facebook. Now, the men are returning to their roots to further grow their personalized referral business.     “Downtown Detroit is developing something special around its burgeoning tech community, and we want to be part of it,” said Labenz. “We are excited to collaborate with other Detroit-based companies that are making a…
Tuesday, 18 September 2012 14:18

Samsung downplays Galaxy Rumors

Consumers awaiting Samsung's Galaxy S4 may face a longer wait than reported yesterday.The Korean handset maker today denied rumors that the next Galaxy S phone would launch next March. Loosely translated from the Korean, Samsung's Twitter post stated: "Please note that some media reported speculation that the Galaxy S3 subsequent models will be released in a simple rumor is not true. [If] not doing anything, why spread these rumors?"The buzz spread quickly yesterday after an unnamed Samsung official told the Korea Times that the company is ready to launch the Galaxy S4 at next February's Mobile World Congress in Barcelona. The device itself would then reach consumers a month later.Assuming Samsung is not just being coy, a launch of the next Galaxy S phone in March 2013 would seem a bit premature.The Galaxy S3 debuted just this past May. Samsung also plans to unveil a 64GB version of the Galaxy S3 sometime before the end of the year, at least internationally.Sales of the Galaxy S3 jumped to 20 million in just the first 100 days. The company also expects sales to surpass 30 million by year's end. Samsung would likely want to get more mileage out of the current model…
Monday, 17 September 2012 14:34

Your smartphone will (eventually) be hacked

(CNNMoney) -- Security experts have warned for years that our smartphones are due for a major cyberattack. Like PCs back in the early days -- the 1990s -- mobile phones are largely unprotected by antivirus software, and they're a treasure trove of valuable information.   So why hasn't the smartphone Armageddon happened yet?   Basic economics is one reason. Cyberthieves are making so much money attacking Windows PCs that there hasn't been much incentive to change tactics. It's hard to track down exact statistics on how much money is stolen each year through cyberattacks, but most security experts put the dollar figure in the billions. One single, recent hack that Verizon (VZ, Fortune 500) investigated -- debit card numbers stolen from merchants through secretly installed keyloggers -- resulted in a loss of $20 million.   Microsoft (MSFT, Fortune 500) Windows is still the low-hanging fruit. With 92% share of the PC market and a two-thirds share of all Internet-connected devices, Windows is the obvious target to attack if you're a hacker looking to make money.   We're about to hit a tipping point, though. Most people still do their online banking and shopping on their PCs, but those transactions are…
Friday, 14 September 2012 12:04

Detroit 2.0? Not Yet

DETROIT -- When David Kirkpatrick brought Techonomy to Detroit on Wednesday, he wasn't just presenting a conference about business in the 21st century. With so many successful innovators speaking, the program offered a chance for Detroit to rebrand itself as a burgeoning tech hub and for the city's entrepreneurs to learn from industry leaders.   Twitter creator Jack Dorsey, AOL founder Steve Case, Quicken Loans Chairman Dan Gilbert and Ford Chief Technology Officer Paul Mascarenas discussed American competitiveness, cities and economic growth -- and the ways technology can jump-start all three.   They also praised local companies embracing technology, although it was clear to Techonomy's founder that Detroit still has a lot to learn.   Kirkpatrick, author of “The Facebook Effect: The Inside Story of the Company That Is Connecting the World," hosted his first Techonomy event in 2010 in Arizona. Since then, the conferences have been held around the world, including a two-day gathering in Arizona this year.   "I have really enjoyed getting to know Detroit in the last nine months," Kirkpatrick told The Huffington Post. "But I do think, as I've said before, there is a little tendency of patting yourself on the back here."   Yes,…
Thursday, 13 September 2012 13:25

New iPhone 5 release date, news and features

Apple has announced the new iPhone 5, offering a larger screen, 4G connectivity and slightly tweaked design.The new iPhone - claiming to be the world's thinnest smartphone at 7.6mm - is made entirely of glass and aluminium, something Apple says is 'unlike anything we, or anyone in the industry, has made before.'iPhone 5 vs 4S Side by side comparisonWatch more videos like this01:14Thinner again It's weighing in at just 112g, which is 20 percent lighter than the iPhone 4S, and has a 4-inch screen, which offers a 1136 x 640 resolution (326ppi) and has 44 percent color saturation for more "rich" colors... perhaps an effort to rival the deeper hues of the Samsung Galaxy S3's Super AMOLED HD screen.This display gives you access to more apps on the screen, with five rows of icons and the standard four icons at the bottom - first party apps have been updated to make use of the extra screen real estate, and old apps will run with black bars to make sure they can run on the larger screen, too.4G and faster As expected, its now got a 4G chip inside, meaning superfast mobile broadband speeds from a single radio chip. It will…
NEW YORK (CNNMoney) -- Digital Domain Media Group made headlines this year when it created a hologram for the late Tupac Shakur that "performed" at a music festival. But that buzz wasn't enough to save the special effects company, which filed for bankruptcy protection on Tuesday. Digital Domain (DDMG), which went public in November, said in a press release that it filed for Chapter 11 bankruptcy protection from its creditors. Shares were halted Tuesday but last traded at 55 cents, down 94% from a peak of $9.20 in May. The filing wasn't a shock, as the company had already warned of problems with overhead and long-term debt.   Private investment firm Searchlight Capital Partners will buy Digital Domain's core production business for $15 million, pending court approval. It's an abrupt end for the nearly 20-year-old company, whose founders include director James Cameron. Before its IPO and Tupac tricks, Digital Domain worked on special effects for scores of big movies including "Pirates of the Caribbean," "Transformers" and Cameron's "Titanic." The company won an Oscar for its work on reverse-aging Brad Pitt's character in "The Curious Case of Benjamin Button."   But Digital Domain's financials have long been a concern. Since the…
Monday, 10 September 2012 18:03

3 big features the iPhone is missing

NEW YORK (CNNMoney) -- Apple's iPhone has crushed the competition, maintaining the title of the world's single best-selling smartphone for five years. But even the mighty iPhone has fallen behind in some key areas. Some of those features may be unveiled on Wednesday, when Apple (AAPL, Fortune 500) is expected to announce the iPhone 5. Others are areas in which Apple may never choose to play. The smartphone trends Apple has so far ignored include: apps that display information without opening them, bigger screens, and biometric security.   But there are three core, growing trends in smartphones where Apple has noticeably fallen behind its rivals. 4G: Some AT&T (T, Fortune 500) customers were excited in March when their iPhones began to display "4G" in the network status bar. It was a lie. "True" 4G speeds, according to the standards-setting International Telecommunication Union, are offered by a technology called Long Term Evolution that offers speeds comparable to your home broadband connection. The iPhone does not currently support that.   Though carriers continue to build and roll out their 4G-LTE networks, it has become a standard feature on Google (GOOG, Fortune 500) Android and Microsoft (MSFT, Fortune 500) Windows Phone devices for nearly two…
Tuesday, 21 August 2012 00:00

Gaining Control Of Your Digital Self

How often have we been browsing through Facebook or aimlessly scrolling through Twitter and said to ourselves. “Why did he/she post that?” Its moments like that where people have momentarily and in some cases permanently lost control of their digital selves. There are steps you should take to make sure that these moments never happen to you as in some cases that can cost friends, relationships even your job. The first and perhaps most important issue is content control. Understand that no one can stop you from posting anything on your social networks, only you can. So that vulgar song lyric you secretly love so much should perhaps stay a secret. Appropriateness is the key and while there is a plethora of pictures of people’s abs you don’t need to add yours to them. Posting should be on a need to know basis or even if it is a post just for fun remember that there is a possibility of millions seeing it at any given moment. In other words don’t post ANYTHING that you wouldn’t want MILLIONS of people to see. Secondly is network control. Facebook is great for having your mom, boss, friends and coworkers all in one…
Tuesday, 14 August 2012 00:00

What Social Network Is Right For You?

Most of us have multiple social media accounts; however we tend to gravitate towards one (or two) more than the others. Which social networks should you be the most active in? Facebook – the jack of all trades when it comes to social media. Facebook offers status updates, photos, games, video, and more. People who need a one stop shop for their digital self often have Facebook pages and only Facebook pages. It’s a great hub for anything the only problem is it gets difficult to navigate sometimes so keep that in mind when your Farmville results overtake that really cool status update you posted. Twitter – for the networker on the go, Twitter is the go to network for things happening RIGHT NOW THIS INSTANT. Coupled with Facebook, tweets and twitpics were integral in the social revolutions in the Middle East and the Occupy Wall St. movements here in the states. Those who want to keep the other riff-raff to a minimum while still communicating at blistering speeds love Twitter. Instagram – One could say Instagram is the baby of the networks here but that doesn’t make it any less impactful. Instagram is perfect for people who love to…
Never before have the masses had access to live events than now in 2012. From Twitter to Facebook, to texts information moves at a fever pitch sometimes too fast. NBC, in an expected yet unprecedented move, took advantage of its Olympic contract and chose to stream every event of the games online. While seemingly an amazing and revolutionary idea NBC bungled the implementation with a multitude of technical issues and questionable programming choices. With full streaming an option and London only six hours ahead of Eastern Time in the US it was baffling for NBC to tape-delay the broadcast of the opening ceremony to primetime. The ceremony which could have ended around 8pm ended up being broadcasted well past midnight. In addition, to this the ceremony could be view on replay for those who couldn’t see them live. Now, of course, four years ago this wouldn’t have been an issue. However, when you have hundreds of thousands of fans and thousands of athletes tweeting and facebooking live pictures of the event some of the magic and allure of the event is stolen. Many hit the twitter-verse explaining their displeasure with the lack of live streaming ability, as NBC chose not…
San Francisco was the center of technology even if it was for only two hours, as Apple announced a bevy of new software updates and new products to sate the appetites of the Cupertino faithful during its Worldwide Developers Conference. Opening with a few digs at Google and Samsung, Apple’s Siri was charming as usual kicking off the morning with her calm, digitized voice. CEO Tim Cook quickly announced that there would be updates to the App Store adding more support in Middle Eastern and African countries. The conference went into Apple’s video fluff phase showing us just how integrated their products are in our lives. From a product standpoint Apple announced the obligatory updates to both the Macbook Air (new models starting at $999), the Macbook Pro (starting at $1199) and an update to the desktop OS. The stars of the show, however, were the unveiling of iOS6 and the new generation of Macbook Pro. The new gen Macbooks will feature the iPhone’s Retina Display technology with a resolution of 2880x1800 making it the most crisp notebook display perhaps in history. The new Macbooks will not feature a CD drive so be prepared to have those portable hard drives…
By Cornelius Fortune The E3 (Electronic Entertainment Expo) in Los Angeles wasn't just about showcasing jaw-dropping demos and new product announcements; it was a launch pad for an important cause: combating HIV/AIDS globally. Cobi Jones, a World Cup qualifier and soccer star, out to support the (RED)RUSH TO ZERO campaign whose goal is to deliver an AIDS free generation by 2015. Jones, a midfielder who starred for the U.S. Men's National Team and MLS for nearly two decades, played 164 international games for the United States, a record that holds today, and tallied 15 goals and 22 assists. He competed in 11 World Cup games and was part of the Galaxy's "double" winning team that won both the Lamar Hunt U.S. Open Cup and MLS Cup, giving him five championships during his time with the club. In short, Jones is a competitor. He's also a huge gaming fan and even graced the cover of a Sega game. First-person shooters are usually his games of choice, especially the "Halo" series. The latest entry, "Halo 4" was another draw to attend the E3. "I had to see ‘Halo 4,'" Jones said. "I play the soccer games, and lots of sports games." More…
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