Posts Tagged ‘Ebay Inc’

Reports this week (Feb 13)

Monday, April 16

  • Retail Sales (March)
  • Empire Manufacturing Index (April)
  • Business Inventories (February)
  • Charles Schwab Corp. (SCHW)
  • Citigroup Inc. (C)
  • JetBlue Airways (JBLU)
  • United Continental (UAL)


Tuesday, April 17
Housing Starts (March)
Building Permits (March)
Industrial Production (March)
Manufacturing Capacity Utilization (March)
Cree Inc. (CREE)
CSX Corp. (CSX)
Forest Laboratories (FRX)
Goldman Sachs (GS)
Intel Corp (INTC)
Intuitive Surgical (ISRG)
Johnson & Johnson (JNJ)
The Coca-Cola Company (KO)
USG Corp. (USG)
Yahoo! Inc. (YHOO)

Wednesday, April 18
MBA Mortgage Index
American Express (AXP)
Badger Meter (BMI)
Dover Corp. (DOV)
eBay Inc. (EBAY)
Polaris Industries (PII)
Qualcomm Inc. (QCOM)
Stanley Black & Decker (SWK)
YUM! Brands (YUM)

Thursday, April 19
Weekly Initial & Continuing Jobless Claims
Existing Home Sales (March)
Philadelphia Fed Index (April)
Leading Indicators (March)
Arbitron Inc. (ARB)
Chipotle Mexican Grill (CMG)
DuPont (DD)
Microsoft (MSFT)
New York Times Co. (NYT)
Sherwin-Williams (SHW)

Friday, April 20
General Electric (GE)
Honeywell International (HON)
Ingersoll Rand PLC (IR)
Kimberly-Clark Corp. (KMB)
McDonald’s Corp. (MCD)
Under Armour (UA)

Rue La La Chicago to challenge Groupon

(Reuters) — Rue La La, an online flash-sales company partly owned by eBay Inc., is expanding its local offers business, stepping up competition with Groupon and LivingSocial.

Rue Local will offer one deal a day on local products, services and events in San Francisco, Chicago and Miami. That adds to current locations in New York City, Los Angeles and Washington DC, Boston, Philadelphia and Seattle.

Rue San Francisco is set to launch on Wednesday. Rue Miami will start Aug. 9 and Rue Chicago later this month.
Rue La La started as a fashion flash-sales website, offering discounts on women’s apparel for very short periods. It has added men’s clothing, home goods and other products since then.

With Rue Local, the company is trying to offer its members more products and services in a similar way to daily deal leaders Groupon and LivingSocial, part owned by Amazon.com. Flash-sale company Gilt Groupe, which initially focused on high-end fashion, has expanded in the daily deal area too, with Gilt City.
“We’re trying to cover everything for members, to be an editor for people’s lives,” Mark McWeeny, president of Rue Local, said in a recent interview with Reuters.

Rue La La has over four million members and almost two million of those have signed up for Rue Local offers.

Rue La La was owned by GSI Commerce, an e-commerce company that was acquired by eBay this year. After the deal, eBay said it would sell 70 percent of Rue La La to a new, private holding company run by GSI chief executive Michael Rubin.

Facebook’s Web of Frenemies

Facebook Inc.’s growing ambitions are redrawing battle lines in Silicon Valley.

As the seven-year-old company ramps up its hiring and adds new features to its social network, it is disrupting the businesses of established companies like Yahoo Inc. and Google Inc. and putting even more Internet firms on notice.

Facebook, which has more than 600 million users and was valued at $50 billion in a recent funding round, is grabbing online-advertising from Yahoo, Myspace and others. The social network is a potential rival in electronic payments to eBay Inc.’s PayPal, while partnerships Facebook is cementing with smartphone makers set the stage for competition with Apple Inc. and Google in mobile services.

Meanwhile, Facebook is tussling with Google and Microsoft Corp. for top engineers.
As a result, many Silicon Valley companies increasingly have to decide whether to treat Facebook like a friend whose reach and user data can help propel their own growth, or a foe that can become a destructive force.

“Facebook is both a great competitor and a benefactor here in Silicon Valley,” said David Cowan, a venture capitalist at Bessemer Venture Partners in Menlo Park, Calif. “Anyone who’s trying to get the attention of the young Internet user now has to compete with the dominant position that Facebook has there. On the other hand, they have opened up a lot of opportunities.”

Read more: http://online.wsj.com/article/SB10001424052748704593604576141350618351030.html#ixzz1EbQyZSmh

Groupon Hires Amazon Finance Executive Child as CFO

(Bloomberg) — Groupon Inc., owner of a daily coupon website with 40 million subscribers, named Jason Child chief financial officer as it considers raising more money to fund growth.

Child, 42, previously served as Amazon.com Inc.’s vice president of finance, overseeing its $14 billion international business, Groupon said today in a statement. He will relocate to Chicago, where Groupon is based.

Groupon, which offers deals in more than 300 cities, spurned a $6 billion offer from Google Inc., people familiar with the negotiations said this month. The closely held company will top $500 million in sales this year, the people said, a milestone reached faster than Web pioneers Amazon, EBay Inc. and Yahoo! Inc.

“It’s a pretty clear signal that Groupon’s going to go public, and it’s probably in 2011,” Greg Sterling, an analyst at Internet2Go, an advisory service with Opus Research in San Francisco, said today in an interview. “I wouldn’t expect them, like Facebook, to hang out for a while.”

Child held various positions during his almost 12-year tenure at Amazon, including vice president of finance in Asia, finance director for Amazon.de in Germany and director of investor relations. Before joining Amazon, he worked for Arthur Andersen LLP as a consulting manager.

Groupon was introduced in November 2008 by founder Andrew Mason. The website offers daily group discounts on restaurants, theme parks, clothes and other consumer items.

Groupon aims to raise several hundred-million dollars, a person familiar with the matter said this month. The increased financing would value Groupon at less than $6 billion, said two people, who asked not to be identified because the talks are private. An investment group led by Digital Sky Technologies in April valued Groupon at about $1.3 billion.

LivingSocial, Groupon’s biggest rival, announced a $175 million investment from Seattle-based Amazon this month.