Industry News

Amazon.com Inc.' s India unit has expanded its global selling programme, allowing local merchants to sell in nine countries including the US, UK and Canada, a move that could help the company attract more sellers. Since its launch in May last year with 200 sellers who could sell in the US and the UK, the programme now has about 12,000 merchants, about 12% of Amazon's 100,000- strong merchant base in India, selling in nine countries: the US, Japan, Canada, France, Germany, Spain, Italy,..."/>
Amazon India expands its global selling programme [Mint, New Delhi]
Optimistic luxury [Mint, New Delhi]
Flipkart's godfather in New York [Mint, New Delhi]
Delivery Dudes expands despite growing pains [Sun Sentinel]
Comcast and deter cord-cutters with what it touts as a better pay-TV experience. Layer3 TV, a Denver-based startup, will offer hundreds of cable channels and online video packaged together in one sleek box, a platform that allows viewers to navigate everything from traditional networks to services like Netflix seamlessly. Backed by more than $100 million in funding from..."/>
New cable company to take on Comcast, Chicago-area cord-cutters [Chicago Tribune]
Lithia Motors reported second-quarter revenue and bottom-line gains Thursday while indicating it's on the hunt for new franchises and dealerships. The Medford auto retailer's revenue increased $136.4 million, or 7 percent, to $2.1 billion from $2 billion for the second quarter in 2015. Net income grew to $51.4 million, or $2.01 per share, from $51.2 million, or $1.93 per share, a year ago."/>
Lithia revenue hits $2.1 billion in second quarter [Mail Tribune, Medford, Ore.]
LogMeIn, Inc. and software company Citrix Systems, Inc. have entered into a definitive merger agreement for LogMeIn to combine with Citrix's GoTo business in a Reverse Morris Trust transaction, the companies said. The transaction is valued at approximately USD 1.8 bn based on shares to be issued and LogMeIn's closing price of USD65.31 as of July 25, 2016.. This transaction, which has been unanimously approved by the..."/>
LogMeIn to Merge with Software Firm Citrix’s GoTo Family of Products in USD 1.8bn Stock Deal
Epiq Systems, Inc. has entered into a definitive agreement to be acquired by the private equity arm of the Canadian pension plan OMERS and funds managed by US private equity fund Harvest Partners, LP for USD 16.50 per share in cash, the company said. This transaction, which represents a 42% premium to Epiq's unaffected closing share price of USD 11.63 as of February 19, 2016, the last trading day before a media report..."/>
Epiq Systems Agrees to USD 1bn OMERS Private Equity, Harvest Partners Buyout
CoreLogic reported Thursday. That is down from a high of 12.23 percent in June 2011, and lower than the 2.25 percent recorded one year earlier."/>
Foreclosures rate at 1.42 percent in Sarasota-Manatee area [Sarasota Herald-Tribune, Fla.]
MIDDLEFIELD BANC AND LIBERTY BANK TO MERGE IN USD 40.8 M DEAL Ohio-based bank holding company Middlefield Banc Corp. has entered into an agreement and plan of reorganisation with Ohio-based Liberty Bank, N.A., the company said. Middlefield is the holding company for The Middlefield Banking Co. Under the terms of the agreement, Liberty shareholders will have the option to receive either..."/>
M and A Navigator: Deal pipeline –29 July
Alphabet on Thursday beat Wall Street expectations on several fronts, chalking up $21.5 billion in second-quarter revenue, a 21 percent increase over the same period last year. Analysts had predicted revenue of $20.8 billion for the second quarter of 2016.. "All the trajectories look good," said Forrester Research analyst Frank Gillett."/>
Google parent Alphabet on hiring spree with surging profits [East Bay Times]
East Bay Times Troy Wolverton column [East Bay Times]
East Bay Times Michelle Quinn column [East Bay Times]
Accenture has acquired Spain-based open source technology company Tecnilgica, the company said. Terms of the acquisition were not disclosed. The acquisition brings digital signage capabilities to the Accenture Digital team in Spain."/>
Accenture Acquires Digital Products Provider Tecnilógica
Don't delete your Flash player just yet [Mercury News]
Alphabet on Thursday beat Wall Street expectations on several fronts, chalking up $21.5 billion in second-quarter revenue, a 21 percent increase over the same period last year. Analysts had predicted revenue of $20.8 billion for the second quarter of 2016.. "All the trajectories look good," said Forrester Research analyst Frank Gillett."/>
Google parent Alphabet on hiring spree with surging profits [Mercury News]

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