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Square Merges with Starbucks, Which Plans to Invest $25 Million

Square has signed a wide-ranging agreement with Starbucks that has cemented the latter’s role in the rising mobile commerce economy. The coffee giant will from now on be accepting payments through ‘Pay with Square’ mode across the nation. With this deal, customers can also pay for orders directly from their phones. Square will now process Starbucks’ U.S. credit card and debit card transactions. The news came as a pleasant surprise. In this mobile payments startup, Starbucks will also invest $25 million. Also, Howard Schultz, president and CEO, Starbucks will be a member of Square’s board. This deal is also assured to boost Square Directory. The directory within the Pay with Square app will list close by Starbucks locations. It will also alert customers of Starbucks of Square-equipped businesses. With this, Starbucks will finally combine the directory into its digital services, including its already popular mobile app. This is the Square’s [+more]

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Wikipedia Back Online After Brief Cut

The most popular online knowledge provider, Wikipedia is now back up and operating after the fiber optic cable was cut, which caused parts of the site go offline early Monday. The crowd-sourced encyclopedia’s cable that linked data centers in the states of Virginia and Florida were severed. Jay Walsh, spokesman, Wikimedia Foundation said that the company is looking into the outage and there is no reason to believe that it was intentional. Wikipedia is the latest in the list of companies affected due to high-profile outages in recent weeks. Last month, it was Twitter and Google Talk that experienced outages the same day. Twitter stated the problem to be with two data centers, which failed at the same time. Engineers are scrutinizing outages precisely as more users rely on information stored in off-site servers or on services that rely on similar servers. This came into spotlight this summer with a [+more]

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LinkedIn Stocks Up as 2Q Revenue Rises

LinkedIn is experiencing a jump in its revenue in the second quarter as the company has seen growth from ads and the fees it charges to offer users deeper access to the heap of professional profiles. However, the company’s net income fell as it is investing more to expand business. LinkedIn’s revenue increased faster than was expected that also led the company to raise its forecast for the entire year. The news of increase in LinkedIn’s stock came as a relief after tepid news from other newly public Internet companies such as Facebook and Zynga. LinkedIn went public just more than a year ago and has since then proved to be one of the best newly traded companies that performed well. The company’s stock traded at more than twice the level of its IPO. The results clearly point out the role that LinkedIn plays in the employment market as there [+more]

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Go Daddy Chief Executive, Warren Adelman Set to Step Down

Warren Adelman, of Go Daddy is set to step down from the post of chief executive and will take over as a special advisor for strategy and global policy. Scott Wagner, an executive from KKR & Co. is likely to take charge as an interim chief executive while the board is on lookout for a permanent successor to Warren Adelman. For past one year, Mr. Wagner has been involved in building an international strategy for Go Daddy, a closely held firm that registers Internet domain names. “I’ve spent close to a decade with Go Daddy, and it has been an amazing and rewarding time in my life, Mr. Adelman said.”As much as I have enjoyed my roles as CEO and formerly as president and chief operating officer, I have reached a juncture in my life when I would like to spend more time with my family.” It was last year when Go [+more]

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Apple Acquires AuthenTec for $356 Million

Now that Apple is the proud owner of AuthenTec, we have all reasons to believe that the company is going to make lot of improvements in the security of its devices. Apple today announced that it has closed the deal with AuthenTec, the leaders in security solutions for $356 million. AuthenTec claims that till date it has shipped more than 100 million fingerprint sensors, out of which 15 million sensors were made especially for mobile phones. Apple had to pay a price of $8 a share for AuthenTec, a 58 percent premium over the company’s $5.07 stock price on Thursday. AuthenTec is one of the first companies to offer integrated security chips for smartphones.  These security chips gained popularity instantly as these hold the capacity to encrypt data, which made mobile phones safer entity for businesses. These chips also offered network security solutions. With Apple overtaking AuthenTec, we are expecting [+more]

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Google Acquires Motorola for More Than Patent Reasons

The only reason that Google has listed out behind the acquisition of handset maker Motorola is that the purchase would “supercharge Android”. But it seems that the actual reasons were much more as compared to than just acquiring patents. In a meeting, Google told analysts that Motorola’s actual property includes less than half of Google’s purchase price- $5.5 billion of the $12.4 billion. Most of the companies, including Google are of the view that patents can act as a guard against any kind of legal attacks that may come from other big companies such as Apple. However, it seems that Motorola’s collection of mobile technology patents are not of much value to Schaumburg, the man behind the IL based phones. As a matter of fact, ever since the acquisition has taken place and cleared federal antitrust scrutiny, Motorola has added a loss of $233 million in operations and $1.25 billion [+more]

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As VMWare Shops for Nicira, Is Something at Stake with Cisco?

    Nicira, an innovative startup which began in 2007, has finally made it big. It has been acquired by VM Ware in a whopping 1.26 Billion dollar deal. Nicira is known for creating a network virtualization platform, a software suite that creates virtual networks which are independent from other physical networks. It seems that Nicira was an underdog or rather a black horse until VMWare decided to take it under its wings in one of the most talked about acquisitions recently. Earlier VMWare had partnered with Cisco to come up with several products such as Unified Computing System (UCS), Virtual Desktop Infrastructure (VDI), Overlay Transport Visualization (OTV), vCloud computing, Cisco Virtualization Services, Nexus 1000V (Nv Kv) , Virtual Computing Environment (VCE), Secure Multi-Tennant(SMT), Enterprise License Agreements(ELA), etc. In a latest blog post, VMWare’s chief technology officer Steve Herrod said that this acquisition will not affect the company’s other mergers, [+more]

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VidyoWay: A Free Way to Connect Various Conferencing Systems

VidyoWay is an effective, software-based solution that lets you connect multiple video conferencing systems together for providing multi-party and even multi-vendor video conferencing capabilities at no cost. Launched by startup Vidyo, this solution complements the company’s flagship service, VidyoConferencing. While at an initial glance, VidyoWay may look like direct competition to Skype, ooVoo, and similar systems, the magic of VidyoWay lies in its ability to provide connectivity across personal devices of users such as smartphones, PCs, and corporate video conferencing systems like Cisco, LifeSize and Polycom. Going beyond providing video conferencing between point-to-point setups, VidyoWay lets up to 9 HD participants video conference at a time, no matter what technology they are using. Think of it like video conferencing in a cloud – you can do it on the move, instead of being stuck in a meeting room in office where the VC equipment is kept. Using Vidyo’s Click-to-Connect capability, [+more]

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FREECULTR: Back to Basics, with Discounts!

Yes, the scope of e-commerce in India is growing rapidly and more people are realizing the convenience of shopping online. Internet users in India are now spoilt for choice with a plethora of e-commerce websites offering almost every kind of product imaginable online – books, clothes, watches, gizmos, shoes, and even home furnishing. FREECULTR is one such website that designs and manufactures its own brand of apparel and its USP lies in the fact that it is THE place to shop at if you are looking to add stylish basics to your wardrobe without burning a hole in your pockets. FREECULTR is based out of Noida and was founded by Sujal Shah, former head of fashion (India) at IMG, Harish Bahl, founder and group CEO of The Smile Group, Sandeep Singh, former brand and media solutions lead at Quasar, and Rajesh Narkar. It was in the news towards the end [+more]

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Apple Calls Back its Decision of Breaking up with EPEAT

Apple has finally realized that its decision of withdrawing from Electronics Product Environmental Assessment Tool’s (EPEAT) green certification was an incorrect move. The company has called back its decision and has decided to get its products back on the list of EPEAT and seal their approval for its upcoming products. EPEAT is an environmental organization that is designed to ensure that electronic gadgets available in the market are environmental friendly. After thoroughly inspecting the product, it gives its ratings and certifies that the product meets the set standards required for recycling. After getting loads  of criticism for this move, hardware SVP Bob Mansfield posted a letter on Apple’s website which read, “Many loyal Apple customers… were disappointed to learn that we had removed our products from the EPEAT rating system. I recognize that this was a mistake. Starting today, all eligible Apple products are back on EPEAT.” Though Apple has [+more]

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