Wal-Mart in talks to buy online retailer Jet.com: report

Jet.com much worth more than $ 3000000000 could be, the Journal said, referring to people familiar with the matter. Wal-Mart spokesman Greg Hitt...

 

Wal-Mart in talks to buy online retailer Jet.com: report

Jet.com much worth more than $ 3000000000 could be, the Journal said, referring to people familiar with the matter.

Wal-Mart spokesman Greg Hitt declined to comment and Jet could not be reached immediately for comment.

The world’s largest retailer is playing catch with Amazon.com Inc distribution and technology. The acquisition could give it access to Jet.com innovative pricing software, network of warehouses and customer data.

For the past five years, Wal-Mart has been on an acquisition spree, buying 15 startups in an effort in the talent and technology needed to drive e-commerce growth to bring. This includes social data analysis starts its nuclear Silicon Valley become technology arm @WalmartLabs.

Although Wal-Mart does not mean that spending on the acquisition, it has a total of $ 3100000000 for revealed e-commerce and digital projects, such as the platform and new warehouses in the four fiscal years until January 2017.

Wal-Mart has a majority stake in the Chinese e-commerce company Yihaodian in 2012, but sales in June to JD.com Inc., which is China’s second largest e-commerce company.

Despite his investment, Wal-Mart has not projected when online business earnings and by converting its target of growing 20 to 30 percent per year can be difficult to achieve.

Wal-Mart’s online business struggled and posted its slowest growth in a year in the last quarter. Online sales were $ 13700000000 in 2015, according to the company Internet Retailer survey.

Wal-Mart said recently that all changes caused by reloading the e-commerce, including the installation of a new technology platform and built new warehouses, have contributed to the recent slowdown in growth.

A July 2015 study by consulting firm Kantar Retail is the extent to which Amazon has eaten at Wal-Mart customer base. The survey found that 48 percent of copper at Wal-Mart Supercenters’s orders weekly or monthly at Amazon.com on that frequency in the yard Wal-Mart placement, double the rate shopping.

The help acquisition of Jet Wal-Mart in the establishment of a larger online presence, analysts say. The start launched in July 2015 and has more than $ 500 million in the capital of venture capital companies.

initial strategy Jet’s large up-front discounts and the lowest prices on items based on a unique prys formula that factors into consideration such as basket size, provides for an annual $ 50 fee. But three months after launch, Jet change strategy and eliminated its subscription model.

Wal-Mart shares closed 0.3 percent lower at $ 72.94 on the New York Stock Exchange.

(Reporting by Nandita Bose in Chicago and Sruthi Ramakrishnan in Bangalore; Editing by Savio D’Souza and Tom Brown)

Uber to invest $500 million in global mapping project: FT

 

Uber to invest 0 million in global mapping project: FT

New York (Reuters) – Ride-coming service Uber [UBER.UL] has decided to invest $ 500 million in an ambitious global mapping project to wean itself off dependence on Google Maps and pave the way for driver cars, the Financial Times reported yesterday.

The San Francisco-based company is ramping up spending on new technology, such as mapping and driver cars following new investment in the company earlier this year.

A representative for Uber could not be reached immediately for comment

(Reporting by Catherine Ngai; Editing by Marguerita Choy).

GoPro revenue plunges 47 percent, but beats estimates

 

GoPro revenue plunges 47 percent, but beats estimates

The company’s shares by 2.4 percent in volatile trading after the bell on Wednesday.

GoPro’s sales fell to $ 220.8 million in the second quarter ended June 30 from $ 419.9 million a year earlier.

Analysts on average expected revenue of $ 194.3 million, according to Thomson Reuters I / B / E / S

This is some 20 percent lower than the estimate on May 5, when GoPro announced first quarter results and delayed the introduction of its Karma pounding until the holiday season.

The company’s camera is worn by surfers, jumpers and other action-addicts, said controlled units in the second quarter rose 8 percent to 759 000 compared to the first quarter.

The average selling price is 11 percent sequentially and 14 percent on a year-over-year basis.

GoPro however maintained its full-year earnings guidance of $ 1350000000 to 1500000000. $ Analysts on average expected revenue of $ 1340000000.

GoPro has a loss of $ 91.77 million, or 66 cents per share, for the second quarter compared with a profit of $ 35030000, or 24 cents per share, a year earlier.

excluding items, GoPro lost 52 cents per share in the last quarter, less than analysts estimates of 58 cents.

(Reporting by Ismail Shakil and Anya George Tharakan in Bangalore; Editing by Savio D’Souza)

Scientists capture rare images of wolverine in Sierra Nevada

 

Scientists capture rare images of wolverine in Sierra Nevada

The May 18, 2016, by the California Department of Fish and Wildlife, images from an external camera set biologist Chris Stermer, a Wolverine into the Tahoe National Forest near Truckee California. Once believed to be extinct in went the Sierra Nevada, California wildlife biologists believe that Wolverine, nicknamed Buddy spotted near Truckee this year is the same as the first documented in the area since the 1920’s (Chris Stermer / California in 2008 Department of fish and wildlife via AP)

They believe the wolverine is the same as eight years ago, the first documented in the area since the 1920s

Chris Stermer, a wildlife biologist at the California Department of fish and wildlife, setting the external cameras in the Tahoe National Forest, after officials in a field stasie has him in January of unusual tracks in the snow near Truckee.

“She was definitely Wolverine tracks,” Stermer to the newspaper Sierra Sun (http://bit.ly/2apR99p).

Wolverines, a member of the family mole that looks like a small bear with large claws, previously found throughout the Rocky Mountains and as far west as the Sierra. An estimated 250-300 Wolverines survive in remote areas of Montana, Wyoming, Idaho, Oregon and Washington state, according to wildlife officials.

For the observation in 2008, scientists were convinced coat wild during the early 1900s has wiped out the species in California. Now, a hot planet threatens the deep snow on the mountains Wolverines need to hear scientists say shrinking hollow.

The male carnivore near Lake Tahoe apparently migrate from the Sawtooth Range of Idaho, Stermer said.

Since then, the animal that scientists have nicknamed Buddy detect more than 20 times over nearly 300 square miles, but it has not noticed since November 2014, said Stermer.

Video of the external cameras deliver quickly additional evidence. A clip recorded on the night of February 19 offers a look at the Wolverine before scurrying away. A second day clip captured February 27 shows the climbing a tree before chewing and picking up a sock bait.

“When you see them on video, a glutton is to have a nice exciting species in California,” Stermer said. “With the population in California us, thinking that we wanted Wolverine to have amongst us is pretty amazing. It actually begins to restore our larger carnivores back in California.”

Stermer await test results collected DNA samples of saliva from the tree bait to confirm his identity.

“I’m pretty sure â ??” 95 percent ?? “That’s the same animal,” he said.

If the adjusting DNS samples Buddy estimated that at least 9 years old, said Stermer. The life expectancy of a wild Wolverine ranging from 6 to 10 years, he said.

Speaking of the reintroduction Wolverines postponed in California while the US Fish and Wildlife his response to a federal court order view in Montana that his decision denies protection of animals destroyed under the Endangered Species Act, said Stermer.

US District Judge Dana Christensen buy wildlife officials to act as quickly as possible to protect the species as vulnerable to a warm planet touch

___

Information from:. Sierra Sun

Southwest Airlines halts flights after technical outage

 

Southwest Airlines halts flights after technical outage

Customer tweeted that she could not so quickly on the No. 4 US airline by traffic passasiers. The reservations website, www.southwest.com, will not allow discussion or check-in and issued a notice said: “We work hard to get you where you want to be … Thank you for your patience.”

Southwest spokesman Dan Landson said a team is working to fix the problems that began Wednesday afternoon after a break. It will be before the budget airline take some time to resume normal operation, he said.

Flight tracking website FlightAware.com showed that South 157 flights so far delayed on Wednesday, or about 3 percent of its operation.

Systems is gradually coming back online, said Landson. The airline tweeted at 4:55 Eastern (20:55 GMT) to “flight status and check-in is functional in our website waiting room.” No further details are available.

The company’s shares were en 1.6 percent at $ 42.03 on the closing bell.

The glitch follow a few hoëprofiel computer problems by US carriers in recent months.

In October, a software failure at Southwest has led to some 500 flights delays.

Industry consultants say the impact of the computer disturbance will continue to grow as airlines automate an increasing part of the activities, spread boarding pass on smartphones and outfit their planes with Wi-Fi.

(Reporting by Jeffrey Dastin in San Francisco and Melissa rates in New York, editing by Diane Craft)