Saturday, August 3, 2013

Telefonica launches 4G services in Britain, Spain

LONDON/MADRID (Reuters) - Spanish telecoms operator Telefonica announced plans on Thursday to roll out superfast mobile internet in three British cities this month and a deal with TeliaSonera's Yoigo allowing it access to 4G frequencies in Spain.

Telefonica's British brand O2 plans to launch its superfast mobile network in London and two other cities before extending it elsewhere around the country later this year in an effort to catch up with the market leader, merged Orange and Deutsche Telekom operator EE.

In Spain, Telefonica has lagged competitors, with all other mobile operators already offering 4G (fourth generation) services, which speed up browsing and improve video quality on phones.

The tie-up with Yoigo will allow Spain's largest mobile provider access to superfast frequencies it does not have now in exchange for granting the smaller player access to its broadband assets.

The deal is expected to go through in the fourth quarter of the year and will help Yoigo compete in the attractive market of bundled mobile and fixed line services where it only offered mobile before.

O2, which was overtaken as the number one mobile operator in Britain when Orange and Deutsche Telekom merged their assets to form EE, said its 4G service would start in London, Leeds and Bradford on August 29.

Another 10 cities will be connected by the end of the year.

EE launched Britain's first 4G services last October, after the regulator allowed it to re-use its existing airwaves, giving it an advantage over competitors in providing a service that allows consumers to watch video on the go and download content at much faster speeds.

Take-up of its superfast services, which are priced 10 to 20 percent more than the equivalent 3G tariffs, reached 687,000 in July, and it is targeting 1 million customers by the end of the year.

Telefonica has already rolled out superfast mobile internet services in Germany and other countries including Brazil.

Vodafone, the third biggest operator in Britain, has said it will roll out a 4G offering later this summer.

(Reporting by Kate Holton and Paul Sandle in London and Clare Kane in Madrid; editing by David Cowell and Anthony Barker)

Source: http://news.yahoo.com/o2-launch-4g-services-london-month-061035344.html

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Friday, August 2, 2013

Online sales complement brick-and-mortar retail, Harry Rosen CEO ...

TORONTO ? Larry Rosen is amused by Richard Baker?s assertion that no luxury specialty stores in Canada sell their wares online.

?We have been online for four years, and it is growing very quickly ? [the business] doubled last year,? the chief executive of menswear chain Harry Rosen said Thursday.

?Perhaps Mr. Baker doesn?t consider menswear to be a part of the luxury market,? he chuckled.

But Mr. Rosen does agree with a strategic insight the Hudson?s Bay Co. CEO, who announced a deal to buy U.S. luxury chain Saks Inc. this week, has made repeatedly about selling goods online: that online sales tend to enhance and drive interest in the bricks-and-mortar business, rather than cannibalizing it.

It?s a strategy HBC liked about Saks, whose research showed consumers wanted to access the retailer on multiple platforms, including online and mobile devices. Like HBC, Saks has been investing heavily in its ?omni-channel? to integrate all modes.

At Toronto-based Harry Rosen, the online business ?strongly complements? the company?s business at 16 bricks and mortar stores, Mr. Rosen said.

?We find that a lot of our customers shop at both,? he said. ?People are also doing tons of research online, coming in to our stores and saying ?I saw this item online and can you show it to me?? It is not uncommon for a person to buy a bunch of sportswear online and some shirts and ties and then three weeks later he will be in the store buying something else.?

With a shifting assortment of about 4,000 SKUs such as $395 Ermenegildo Zegna dress shirts and a $940 pair of Salvatore Ferragamo black calfskin oxfords, Harry Rosen?s online sales channel now accounts for 2% of its annual revenue of just under $300-million. That could top out at about 5% or 10% over time, Mr. Rosen predicts.

The 59-year-old company, whose sales have grown at about 10% annually for the past five years, is equally focused on expanding and upgrading its store square footage, to 375,000 from a current 275,000, doubling the size of some of its premiere locations.

?There is a huge advantage in having a bricks and mortar business,? Mr. Rosen said. ?Most people are still pretty tactile, they don?t want to order something unseen ? that?s the nature of apparel. In the States it used to be that there were a lot of pure e-players, and now [online apparel sales] are dominated by the department stores. People like to know there is something physical behind it.?

Harry Rosen?s expansion comes as Nordstrom prepares to open its first stores in Canada in 2014 and 2015. News of more impending competition came this week when Mr. Baker announced he would open seven high-end Saks stores in Canada.

Luxury department store chain Holt Renfrew has also been on an expansion tear in a bid to boost its square footage by 40%, and launched its outlet-store offspring, HR2, this spring.

Source: http://business.financialpost.com/2013/08/01/online-sales-complement-brick-and-mortar-retail-harry-rosen-ceo-says/

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BSkyB grants Microsoft temporary use of SkyDrive name in trademark dispute, allows it time to rebrand cloud service

BSkyB and Microsoft reach agreement over SkyDrive name dispute

BSkyB may have won the trademark case against Microsoft's SkyDrive cloud service, but there won't be any renaming going on just yet. Today, the British satellite TV provider has announced that it's reached an agreement with Redmond, allowing the software giant to temporarily continue using the name SkyDrive while it handles the transition to a new brand. The arrangement, which includes an undisclosed financial settlement, also means Microsoft won't appeal against the ruling. For now though, you'll just have to find your own way to tell the services apart, until Microsoft figures out what to call its cloud offering going forward.

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Thursday, August 1, 2013

Transportation funding bill faces GOP opposition

Part of the President Barack Obama's motorcade sits outside on Capitol Hill in Washington, Wednesday, July 31, 2013, as Obama arrived for a meeting with Senate Democrats . Obama?s trip to Capitol Hill, just days before Congress breaks Friday for a five-week summer recess, comes amid growing concerns among Democrats over the president?s stalled domestic agenda. (AP Photo/Susan Walsh)

Part of the President Barack Obama's motorcade sits outside on Capitol Hill in Washington, Wednesday, July 31, 2013, as Obama arrived for a meeting with Senate Democrats . Obama?s trip to Capitol Hill, just days before Congress breaks Friday for a five-week summer recess, comes amid growing concerns among Democrats over the president?s stalled domestic agenda. (AP Photo/Susan Walsh)

WASHINGTON (AP) ? A measure awarding generous funding to road and bridge projects, community development grants and housing help for the poor is running into stiff Republican opposition in the Senate.

The bill appeared likely to fall prey Thursday to a filibuster by Republicans unhappy that the legislation breaks through budget limits required by automatic spending cuts known as budget sequestration.

"Voting for appropriations legislation that blatantly violates budget reforms already agreed to by both parties moves our country in exactly, exactly the wrong direction," Senate Minority Leader Mitch McConnell, R-Ky., said.

Far more austere companion legislation was pulled off the House floor Wednesday because, top lawmakers said, GOP leaders lacked the votes to pass it. The House Appropriations Committee chairman, Rep. Harold Rogers, R-Ky., said it was time to go back to the drawing board and come up with a compromise with congressional Democrats and the White House.

Taken together, the likely failure of both measures illustrates the shortcomings of the budget strategies by Republicans controlling the House and Democrats in charge of the Senate. At issue are the 12 spending bills passed each year by Congress for the day-to-day working of the government.

House GOP leaders pulled the measure from the floor after detecting opposition from both conservatives and more moderate members. Democrats were united against the bill and its steep cuts to Amtrak, transportation and housing programs, and community development grants.

"There are some folks that have a hard time voting for any appropriation bill and then there are some folks (for whom) this was probably a difficult vote ..., with Amtrak and block grants and stuff," said Rep. Tom Latham, R-Iowa, author of the transportation and housing measure. Aides to top Republicans like Majority Leader Eric Cantor of Virginia and Majority Whip Kevin McCarthy of California maintained that the measure was scuttled because there wasn't enough time in the House's crowded schedule.

Without a broader House-Senate budget agreement in place, the two chambers of Congress have been trying to advance starkly different versions of the 12 appropriations bills, with little success in the House and virtually none in the Senate.

The Senate measures have been drafted to reflect higher budget levels originally called for in a budget deal enacted two years ago. But that deal called for automatic spending cuts known as sequestration if lawmakers could not pass follow-up deficit cuts, and the House spending bills have been drawn to those sequestration levels, which are more than $90 billion lower ? a huge, unbridgeable difference in the approximately $1 trillion budget for daily agency operations.

Congress heads out of Washington this week for a five-week vacation, leaving the mess to be dealt with in the fall. GOP leaders had sought to set up a budget showdown this summer with the need to pass legislation increasing the government's $16.7 trillion borrowing cap. But the government's better-than-expected fiscal performance has delayed that showdown into the fall.

President Barack Obama says he won't negotiate over the debt limit like he did two years ago, a promise he repeated to his House and Senate allies in closed-door meetings on Capitol Hill on Wednesday.

The situation on the House and Senate transportation measures reflects the broader dysfunction in Washington over the budget. All sides want to reverse the crippling sequestration cuts, but a partisan impasse over tax increases sought by Obama and his Democratic allies and cuts to so-called mandatory programs like Medicare and food stamps demanded by Republicans shows no signs of breaking.

Cuts in the House transportation measure were made deeper by a Republican move to cut an additional $40 billion-plus from domestic programs and transfer the money to the Pentagon. That left the transportation measure $10 billion, or about 18 percent, below the Senate's bill.

Rogers, who typically is cautious in his public statements, issued an unusually harsh blast, saying halting debate on the House measure reflected a failure of Republicans to follow up on their promises to cut spending with binding legislation.

"With this action, the House has declined to proceed on the implementation of the very budget it adopted just three months ago," Rogers said. He said the failed transportation and housing measure was the first major attempt by Republicans to pass an appropriations bill at levels consistent with the sequestration cuts and said the failure of the bill meant it was time for a new approach.

"The House, Senate and White House must come together as soon as possible on a comprehensive compromise that repeals sequestration, takes the nation off this lurching path from fiscal crisis to fiscal crisis, reduces our deficits and debt, and provides a realistic topline discretionary spending level to fund the government in a responsible ? and attainable ? way," Rogers said.

On that, at least, there was agreement.

"The collapse of the partisan transportation and housing bill in the House proves that their sequestration-on-steroids bills are unworkable, and that we are going to need a bipartisan deal to replace sequestration," said Sen. Patty Murray, D-Wash., chief author of the Senate bill.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/3d281c11a96b4ad082fe88aa0db04305/Article_2013-08-01-US-Budget-Battle/id-8e542f66d3eb484781c694bfbcd219ec

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Cory Booker says he won't run for president in 2016. And we believe him sort of.

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Source: www.washingtonpost.com --- Thursday, August 01, 2013
Newark Mayor Cory Booker said Thursday that he won't, under any circumstances, run for President in 2016 . "Absolutely yes, unequivocally," Booker told Politico's Maggie Haberman when asked whether he would rule out seeking the nation's top office or accepting the vice presidential nomination in 2016. Read full article >> ? ? ? ? ...

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Apigee Raises $35M For Its API Management Platform

apigee-logoApigee has raised $35 million for its API management platform, led by two consulting groups with participation from existing investors. The investment comes from a new investment fund managed by BlackRock, Inc., and Accenture, the global consulting company. Since 2005, Apigee has raised $107 million. The company did make a turn in its perception when it introduced Apigee, its free API management platform. The success of the Apigee platform led to the company's name change.

Source: http://feedproxy.google.com/~r/Techcrunch/~3/42SL1-wMFfk/

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