UK banks axe branches in favour of digital model  

Financial Times By : Emma Dunkley and Martin Arnold

Britain’s biggest lenders are shutting hundreds of branches and culling thousands of staff in a push to cut costs and move towards a digitally focused model that is irrevocably changing high street banking.  - Full Article


Britain will have to pay extra 2.1bn into EU budget by December  

The Guardian By : Ian Traynor

Britain has been told it must pay an extra €2.1bn (£1.7bn) into the European Union budget by the end of next month because the UK economy is doing better relative to other European economies.

The demand is certain to be used against David Cameron by the growing camp who want the UK to quit the EU. - Full Article


Microsoft Corporation Stock Price Jumps After Q1 Earnings Beat Street  

International Business Times By : Staff Reporting

Microsoft Corporation shares rallied more than 3 percent on Thursday in extended-hours trading after the world's largest software company beat expectations and tallied record first-quarter sales, driven by the company’s cloud strength and hardware progress.

The Seattle-based company turned in a fiscal first-quarter profit of $4.54 billion, or 54 cents per share... - Full Article


Apple Will More Than Double China Stores to 40 in 2 Years  

Bloomberg News By : Staff Reporting

Apple Inc. (AAPL:US) plans to more than double the number of stores it operates in the Greater China region in the next two years.

The number of outlets will increase to 40 in the region, which includes the mainland, Hong Kong and Taiwan, from 15 now, Chief Executive Officer Tim Cook said in an interview that was translated into Chinese and published live by Sina Corp. - Full Article


Zuckerberg speaks Chinese in Beijing visit  

Los Angeles Times By : Staff Reporting

Facebook has been blocked by Chinese authorities for over five years, but company founder Mark Zuckerberg appears to be on a new charm offensive to crack the massive market.

In a move that has sent tongues wagging across China and around the globe, Zuckerberg showed off his nascent Chinese language skills this week in Beijing by participating in a 30-minute Q&A conducted entirely in Mandarin.   - Full Article


Microsoft CEO says Dual-use personal and work apps key to success  

CNBC By : Jon Fortt @jonfortt

Microsoft has already proven its potency in the cloud era, and is one of three companies with the scale, resources, and know-how to dominate the booming $100 billion market, CEO Satya Nadella told CNBC.

In his first television interview since becoming the software giant's third CEO, Nadella focused on Microsoft's cloud ambitions. - Full Article


Marketing agencies have completely missed the potential of digital  

The Guardian By : Tom Goodwin

We sit here in 2014 and we think we’ve “got” digital. We’ve been talking about it forever and we’ve introduced new processes, expressions, agencies.

We’ve acquired, hired and rebuilt. What more evidence is needed? How could it be in an age where Unilever has a YouTube Channel, Oreo can put tweets on cookies and where we make TV ads out of recycled vines, that we’re not on top of it? - Full Article


Google Shopping Express Expands To More Cities, Rebrands As Google Express  

Tech Crunch By : Sarah Perez (@sarahintampa)

Google Shopping Express, rebranded to simply “Google Express” as of this morning, is no longer entirely subsidizing the costs associated with same-day delivery.

The program, which offers instant shopping gratification to consumers in a growing number of U.S. cities, is now working to transition its more regular customers into paying members, who subscribe on either a monthly or annual basis for $10/month or $95/year, respectively. - Full Article


Google Express set to launch deliveries in Boston area  

The Boston Globe By : Staff Reporting

Google Inc. brings its same-day delivery service to Greater Boston Tuesday, allowing customers to browse the offerings of local merchants online, order, and get the items within several hours. The service, called Google Express, will be available in parts of Boston, Brookline, Cambridge, Chelsea, Somerville, Arlington, Everett, Malden, and Medford.

So far, eight companies have partnered with Google: Babies R Us, Barnes & Noble, Costco, Guitar Center, L’Occitane, Staples, Stop & Shop, and Walgreens. Full Article


Marvin Ellison, Home Depot top exec, picked as next President/CEO of JCPenney, Bio  

New Pittsburgh Courier By : Staff Reporting

The Board of Directors of J. C. Penney Company, Inc. announced Oct. 13 the appointment of Marvin Ellison, currently executive vice president of stores at Home Depot, as President and CEO-Designee, effective November 1, 2014. Mr. Ellison will also join the Board of Directors.

He will then succeed Myron E. (Mike) Ullman, III as CEO of JCPenney on August 1, 2015. At that time, Mr. Ullman will become Executive Chairman of the Board for a period of one year.  - Full Article


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