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Amazon Experimenting With Drones

(FORBES) “Amazon CEO Jeff Bezos unveiled a new plan by Amazon to deliver packages to customer’s homes within 30 minutes using drones.  The plan was announced on the CBS show 60 minutes, and Amazon has since posted a video:” Read More


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Facebook Teams Up With $OPEN Table

The next time you visit a restaurant’s Facebook page on your mobile phone, you’ll be able to do more than browse photos and posts: You’ll also be able to book a table for four.

The feature is part of a new integration with OpenTable, which allows you to make online reservations at about 20,000 U.S. dining establishments. Beginning later this week, the booking service be available on Facebook’s mobile site and newly updated apps for iOS and Android (see below screenshot, left).

Read More from mashable 

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WSJ reporting Apple testing larger iPhone Screens

LOS ANGELES (MarketWatch) — Apple Inc. AAPL -1.58% is testing larger screens for its iPhones and tablets, The Wall Street Journal reported early Monday. The report cited officials at unnamed Apple suppliers as saying the company has requested prototype smartphone screens larger than the iPhone’s current 4-inch size and a tablet screen slightly less than 13 inches diagonally, the report said, adding that such devices might still never make it to market.


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U.S. economy grows 2.5% in first quarter

WASHINGTON (MarketWatch) – The U.S. economy expanded at a 2.5% pace in the first three months of 2013, up from 0.4% in the fourth quarter, as consumer spending rose at the fastest rate in two years and businesses restocked warehouse shelves. Yet government spending fell sharply again ands imports surged to act as drags on economic growth, according to data released Friday by the Commerce Department. Economists surveyed by MarketWatch had forecast growth to rise to 3.2%, so the less-than-expected number could weigh on U.S. markets. Consumer spending – the motor of the U.S. economy – rose 3.2% to mark the sharpest gain since the end of 2010, though some of the increase was the result of higher oil prices. Inventories also soared to an estimated $50.3 billion after a scant $13.3 billion increase in the prior quarter, but that buildup is probably unsustainable. Final sales of U.S.-made goods and services, a more precise gauge of demand, rose a much smaller 1.5%. That matched the lowest increase in eight quarters. Investment in residential housing, a source of recent economic strength, jumped 12.6% to mark the third straight strong advance. Business spending on equipment and software rose 3%. In a bit of a surprise, military spending sank 11.5% after an unusually steep drop of 22.1% in the fourth quarter. And overall government spending fell 4.1% in the first three months of the year, perhaps partly reflecting federal spending cuts that began to take effect in early March. Meanwhile, imports surged 5.4% after falling 4.2% in the fourth quarter, spurred by higher oil prices. Americans had to pay more to fill up at the gas station. Exports climbed 2.9% after a 2.8% drop in the fourth quarter. Inflation as measured by the PCE price index rose at an annual rate of 0.9%, down from 1.6% in the prior two quarters. Core PCE rose slightly faster at 1.2% The GDP report will be refined through two further updates over the next few months.

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Boston Carjack Victim Speaks

The 26-year-old Chinese entrepreneur had just pulled his new Mercedes to the curb on Brighton Avenue to answer a text when an old sedan swerved behind him, slamming on the brakes. A man in dark clothes got out and approached the passenger window. It was nearly 11 p.m. last Thursday.

The man rapped on the glass, speaking quickly. Danny, unable to hear him, lowered the window — and the man reached an arm through, unlocked the door, and climbed in, brandishing a silver handgun.

“Don’t be stupid,” he told Danny. He asked if he had followed the news about Monday’s Boston Marathon bombings. Danny had, down to the release of the grainy suspect photos less than six hours earlier.

“I did that,” said the man, who would later be identified as Tamerlan Tsarnaev. “And I just killed a policeman in Cambridge.”


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Arrest Imminent in Marathon Bombing

BREAKING: Law enforcement official: Arrest imminent in marathon bombing, suspect to be brought to court.


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Samsung Unveils the Galaxy S 4



From a design point of view, the Galaxy S 4 iterated from the Galaxy S III, while still offering a more streamlined, refined design. The screen is now 5 inches but the body of the device doesn’t feel much larger than the Galaxy S III. Moreover, Samsung made the device slimmer and stronger. Gone is the plasticky feel of the Galaxy S III; the Galaxy S 4 is light, but feels higher quality.


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Apple Will Announce Plans for Cash Hoard, Gamco Says: Tom Keene

We’re going to get an announcement from the company as to how they intend to reallocate some of their cash,” Ward said in an interview today on Bloomberg Radio’s “Surveillance” withTom Keene. “They will put a floor under their stock at a higher price than it is today.”


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ZNGA Discusses The Company’s Plans For Online Gambling

Feb. 5 (Bloomberg) — David Ko, chief operating officer of Zynga Inc., talks about the company’s fourth-quarter profit, growth strategy, and some of its best performing online social games. Ko, speaking with Emily Chang on Bloomberg Television’s “Bloomberg West,” also discusses the company’s plans for online gambling (Online gambling mention @ 6:30).


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