| Today's Top 3 Stories | | #1 | Despite Challenges, RadioShack Rolls Out 21 Concept Stores In San Francisco Bay Area
| | | RadioShack announced Tuesday that this week it is rolling out 21 remodeled stores in the San Francisco Bay area. The news comes at the same time its stock has taken a steep decline. (Dallas Business Journal)
Why This Is Important: The news of the new California stores dovetail with yesterday's Moody's report that RadioShack is in danger of running out of cash by next year. A major cornerstone of the retailer's turnaround plan includes the success of these concept stores, of which it has opened 40 this year.
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| | #2 | Amazon Invests $2 Billion To Challenge Flipkart
| | | Amazon.com, the world's largest online retailer, announced plans to invest $2 billion in its Indian operations just hours after local rival Flipkart Online Services Pvt. secured $1 billion from investors. (Bloomberg)
Why This Is Important: Looking to support its growth with India, Amazon announced its plan to invest further, causing greater competition with Flipkart as the two battle for a greater share of India's e-commerce sales.
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| | #3 | AT&T Has An Interconnection Deal With Netflix, For Faster, Smoother Video
| | | AT&T has become the latest company to sign a deal with Netflix to ensure that the company's streaming videos get to consumers without lagging or delay. (The Washington Post)
Why This Is Important: On Tuesday, Netflix and AT&T reached an agreement on interconnection, looking to improve viewing experience--sans lagging and delay--for mutual subscribers.
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"What we see in other markets is that the small merchants tend to become the last to adopt. They not only have to upgrade their hardware, but also their software and back-end systems as well." -- Stephanie Ericksen, VP risk products at Visa
| | | Blog Post of The Day | No One's Going to Stop Using Phones in the Car. Here's How We Make That Safer
By Todd Greco
My wife's 10-year-old car has an expensive built-in navigation system, but anytime she drives out of Portland, she uses Waze on her iPhone. Besides being free, this "social driving" app (now owned by Google) is dramatically smarter and more useful than anything her Lexus offers, and proves its worth regularly, as it did when helping us route around a 30-minute traffic jam last month, on our way back from the Oregon coast. The dark screen of the car's nav system makes a fine backrest for the phone, while Waze gleefully chimes in with accurate, crowdsourced traffic updates over the sound system via Bluetooth. More » |
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