YouTube is unveiling a redesign to its mobile app, visible right away on Android devices and coming soon to Apple devices.
The app has a "streamlined design," YouTube says, with three main pathways: a personalized home page, a subscriptions page for channels that users have signed up for, and an account page. - Referenced Article
Combined with a bullish forecast for the third quarter, upbeat comments from company executives on Amazon's Prime delivery service and rapid growth in its cloud computing service, Amazon delivered the kind of results Wall Street is looking for.
Seattle-based Amazon, which last reported a profit in the 2014 fourth quarter, has often faced worries by investors that its heavy spending on new ventures will not actually pay off. - Referenced Article
The on-demand car app is taking to the airwaves in New York with a blunt message aimed at Mayor Bill de Blasio and the city's taxis. But that is just one front in the company’s worldwide fight to grow even bigger. Uber’s chief adviser and board member David Plouffe used to serve as President Obama’s campaign manager in 2008 before becoming a White House adviser. Plouffe joins “CBS This Morning” to discuss Uber's explosive growth and legal fights.
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Toshiba's chief executive is stepping down to take responsibility for doctored books that inflated profits at the Japanese technology manufacturer by 151.8 billion yen ($1.2 billion).
Toshiba acknowledged a systematic cover-up, which began in 2008, as various parts of its sprawling business including computer chips and personal computers were struggling financially. - Referenced Article
Since it opened its website in July 1995, Amazon.com Inc. has grown from a seller of books into one of the world’s biggest retailers.
Its growth has been fueled by a consumer shift to online shopping and Amazon’s willingness to sacrifice profits to expand. Here’s a look at 20 years of sales for Amazon and three close competitors— Target Corp., Best Buy Co. and Barnes & Noble Inc.—and a look how Wall Street has valued those companies. - Referenced Article
Facebook’s pages for small businesses originally started as a way for them to stay in touch with customers and hopefully generate leads, but now the social network wants to supercharge their revenue power by providing merchants with online storefronts inside their page. Facebook FB 0.61% is reportedly testing this new feature with some online retailers, according to BuzzFeed.
The new feature essentially lets merchants showcase products and let Facebook users shop directly from within the storefront in the page instead of having to go to the merchant’s website. - Referenced Article
The summer retail wars are heating up. Walmart has announced a massive online sale in an effort to compete with Amazon Prime Day. Starting Wednesday, the giant retailer will offer thousands of new online-only "rollback deals" and lower its free shipping minimum order to $35 from $50. "We've heard some retailers are charging $100 to get access to a sale.
But the idea of asking customers to pay extra in order to save money just doesn't add up for us," Fernando Madeira, president and CEO of Walmart.com, said in a statement on a company blog. - Referenced Article
"If it's not an iPhone," Apple's latest advert for its smartphone points out, "it's not an iPhone."
That might be a pretty obvious statement - infamous mimicry notwithstanding - but it comes with a bold statistic. According to Apple, 99-percent of people who own an iPhone, love that phone. It's part of a one-two punch against Android tackling not only brand-loyalty and device satisfaction, but - thanks to a second advert released at the same time - the value to be had when you make both your hardware and your software. - Referenced Article