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Wednesday, April 3, 2013

Technology Report: PayPal tests merchant financing as Kabbage raises debt

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04/3/2013
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PayPal tests merchant financing as Kabbage raises debt
SAN FRANCISCO (Reuters) - EBay Inc's payments business, PayPal, already lends money to online shoppers, but it is now starting to finance the merchants who sell on the company's online marketplaces.
Google to sell second-gen Nexus 7 tablet from July: sources
TAIPEI (Reuters) - Google Inc will launch a new version of its Nexus 7 tablet powered by Qualcomm Inc's Snapdragon processor around July, two sources told Reuters, as the software giant pushes deeper into the cut-price mobile hardware market.
China's Baidu developing digital eyewear similar to Google Glass
SHANGHAI (Reuters) - Baidu Inc , China's largest search engine, is developing prototype digital eyewear similar to Google Inc's Google Glass that will leverage Baidu's strengths in image search and facial recognition, a Baidu spokesman said on Wednesday.
SEC says companies may announce key data on social media
WASHINGTON (Reuters) - Regulators said on Tuesday that companies can use Twitter, Facebook and other social media to make key announcements as long as they tell investors which sites they will use, an effort to help companies navigate the new media age.
Six European states take aim at Google privacy policy
PARIS/BRUSSELS (Reuters) - European regulators moved a step closer to penalizing Google for the way it handles user data after the search engine refused to change its privacy policy.
HP shares sink after Goldman Sachs downgrade to ''sell''
SAN FRANCISCO (Reuters) - Hewlett Packard Co shares fell 6 percent on Tuesday after Goldman Sachs downgraded them to "sell," warning that investors may be overestimating the company's chances of a successful turnaround while it grapples with its declining PC and printing business.
Zynga dives into Internet gambling, in the UK
SAN FRANCISCO (Reuters) - Zynga Inc will take the plunge into real-money gambling on Wednesday when it will begin offering poker and casino-style games in Britain in partnership with Bwin.party Digital Entertainment.
Sorry Apple gets respect in China after tabloid trial
SHANGHAI (Reuters) - With its rare apology, Apple Inc went from pariah to praiseworthy in the eyes of China's state-controlled media, a lesson for other foreign firms not to underestimate the speed and power of the government press.
Bouygues launches 4G service sales drive
PARIS (Reuters) - Bouygues Telecom will add 200 sales staff to its call centers after winning the right to re-use mobile frequencies once used for voice calls for superfast mobile broadband, its chief executive told Le Figaro newspaper.
Apple apologizes to Chinese consumers, revamps service
BEIJING/SAN FRANCISCO (Reuters) - Apple Inc Chief Executive Tim Cook apologized to Chinese consumers on Monday and altered iPhone warranty policies in its No. 2 market after more than two weeks of condemnation in the state-run media of its after-sales service.
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