Amazon Confirms Deal to Buy Middle East E-Commerce Leader Souq.com


Amazon on Tuesday confirmed that it has agreed to buy Souq.com, the leading online retailer in the Middle East, reportedly edging out rival Emaar Malls’ $800 million offer. Terms of the agreement were not disclosed, but Amazon reportedly agreed to pay less for Souq than Emaar had offered. Souq, led by cofounder and CEO Ronaldo Mouchawar, claims to be the largest online retail and marketplace platform in the Arab world, selling more than 8.4 million products across 31 retail categories.

The original article can be found here: http://www.ecommercetimes.com/story/84414.html?rss=1

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Walmart Launches 'Store No. 8' E-Commerce Venture


Marc Lore, CEO of Walmart eCommerce U.S., on Tuesday discussed the company’s plans to launch a new venture, called “Store No. 8,” which will operate as a Silicon Valley incubator for new online stores. The move reflects Walmart’s ambition to catch up to Amazon in the e-commerce retail space. Lore unveiled the plans at the annual Shoptalk conference in Las Vegas. Lore took the helm of Walmart’s e-commerce business after Walmart acquired Jet.com, the company he cofounded. ore Walmart acquisitions are in the works, he said.

The original article can be found here: http://www.ecommercetimes.com/story/84394.html?rss=1

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OpenMethods, Next Caller Join to Streamline Call Routing


OpenMethods on Tuesday announced integration with Next Caller’s Advanced Caller ID database. The integration will let contact centers on the Oracle Service Cloud use real-time contextual data for more than 500 million landline, mobile and VoIP numbers to personalize and simplify their agent and customer interactions. OpenMethods integrates IVR and telephony data into the CRM package call center agents use, saving customers from repeating who they are and why they’ve called, which can take about 30 seconds.

The original article can be found here: http://www.ecommercetimes.com/story/84373.html?rss=1

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FCC Reverses Course on Internet Privacy Rules


The Federal Communications Commission and the Federal Trade Commission on Tuesday issued a joint statement following the FCC’s temporary stay of data security regulations. FCC Chairman Ajit Pai and FTC Acting Chairman Maureen K. Ohlhausen issued the statement to address the FCC’s decision, in essence, to overturn rules designed to bolster broadband consumer privacy. Both chairs had disagreed with the FCC’s unilateral 2015 decision to strip the FTC of any authority over broadband providers’ privacy and data security practices.

The original article can be found here: http://www.ecommercetimes.com/story/84347.html?rss=1

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Uber CEO apologizes for outburst at driver

Uber CEO Travis Kalanick apologized Tuesday after a video surfaced of him yelling at an Uber driver during a heated conversation about the company’s UberBlack service.

The original article can be found here: http://www.foxnews.com/tech/2017/03/01/uber-ceo-apologizes-for-outburst-at-driver.html

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How Deeply Could Bribery Scandal Wound Samsung?


South Korean prosecutors on Tuesday indicted Samsung head Lee Jae-yong and four other executives on bribery and embezzlement charges, following a lengthy investigation into Lee’s ties with impeached president Park Geun-hye and her confidant, Choi Soon-sil. Charges against Lee, vice chairman of Samsung Group, include pledging bribes to organizations tied to Choi in an effort to cement his control of the conglomerate. The Samsung Group has denied paying bribes to Park or seeking improper favorable treatment from her.

The original article can be found here: http://www.ecommercetimes.com/story/84338.html?rss=1

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Verizon Cuts Better Deal for Breach-Battered Yahoo


Verizon and Yahoo on Tuesday announced new terms for the acquisition deal they inked last summer. Verizon will pay $350 million less than the original contract price, which places the new value of the deal at $4.48 billion. Yahoo will be responsible for 50 percent of any breach-related cash liabilities incurred as a result of non-SEC government investigations and third-party litigation, under the new agreement. Yahoo will be fully responsible for any liabilities resulting from shareholder lawsuits and SEC investigations. The acquisition still “makes strategic sense,” said Verizon EVP Marni Waldon.

The original article can be found here: http://www.ecommercetimes.com/story/84317.html?rss=1

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AWS Unveils Chime Conferencing Service


AWS on Tuesday introduced Amazon Chime, a cloud-based unified communications offering that lets users engage in high-quality audio and HD video meetings across Windows and Mac desktops, and iOS and Android mobile devices. Companies just have to download the app; they don’t need to make upfront investments in hardware or software. Users can switch seamlessly between desktop and mobile apps as needed, even in mid-conference. Participants click a button on the Chime app to join a meeting instead of dialing a number then entering a PIN.

The original article can be found here: http://www.ecommercetimes.com/story/84314.html?rss=1

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Toshiba Plunges on Massive Nuclear Writedown, Earnings Delay


Toshiba shares fell 8 percent on Tuesday as the company took a $6.3 billion writedown related to its struggling nuclear power business and delayed the release of its fiscal third-quarter earnings. Shigenori Shiga, Toshiba’s chairman and representative executive officer, resigned effective Wednesday, the company said. His resignation in part reflects management taking responsibility for the loss of goodwill and the impairment related to Westinghouse’s acquisition of CB&I Stone & Webster from the Chicago Bridge & Iron Co. N.V.

The original article can be found here: http://www.ecommercetimes.com/story/84306.html?rss=1

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Apple Goes on Record-Breaking Spree


Apple stunned Wall Street Tuesday afternoon, with Q1 earnings that set new quarterly unit and revenue records in key product segments, and its highest-ever earnings per share. Apple CEO Tim Cook told analysts that the company set all-time revenue and unit records for its iPhone and Apple Watch brands, all-time revenue records for its Mac and Services businesses, and all-time revenue records for four of its five geographic sectors. The company sold a record 78.3 million iPhones during the quarter, up 5 percent from the year-ago period.

The original article can be found here: http://www.ecommercetimes.com/story/84272.html?rss=1

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Facebook to rank content it deems 'authentic' higher on the News Feed

Facebook is updating its News Feed algorithm in an effort to rid its site of spam and clickbait. On Tuesday, Facebook announced it is adding signals to its News Feed algorithm to identify “authentic” posts from people and pages.

The original article can be found here: http://www.foxnews.com/tech/2017/02/01/facebook-to-rank-content-it-deems-authentic-higher-on-news-feed.html

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Apple to Jack Up App Prices in UK


Apple on Tuesday alerted its development community that it will be raising prices on apps sold through its App Store in the United Kingdom. Several factors influence App Store price tiers internationally, including currency exchange rates, business practices, taxes, and the cost of doing business, Apple said, noting that the factors vary by region and over time. App Store price increases also are ahead for India, due to changes in service taxes, and Turkey, due to depreciation in the Turkish lira, Apple said.

The original article can be found here: http://www.ecommercetimes.com/story/84237.html?rss=1

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Facebook Launches Paris Startup Garage to Promote Entrepreneurs in Europe


Facebook COO Sheryl Sandberg on Tuesday announced the Startup Garage, the company’s first-ever business incubator, which will be located in Paris at the new Station F hub launched last year. The Startup Garage will provide a six-month program of mentorship and assistance for new companies. About10-15 data-related startup firms will occupy up to 80 desks at the Station F campus. Facebook will provide a range of services, including marketing, UX/UI design assistance, focus groups and technical development.

The original article can be found here: http://www.ecommercetimes.com/story/84236.html?rss=1

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Intel rolls out the rest of the Kaby Lake CPU family

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Intel didn’t just unveil the Core i7-7700K Tuesday– it also launched a completely new lineup of chips for desktop and mobile. We breakdown the SKUs, discuss the improvements, and wonder where Intel goes from here.

The post Intel rolls out the rest of the Kaby Lake CPU family appeared first on ExtremeTech.

The original article can be found here: https://www.extremetech.com/computing/242015-intel-rolls-rest-kaby-lake-family?source=Computing

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