Technology Report: Groupon gets into online retailing with Groupon Goods

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	09/28/2011
Good afternoon Bit Amazon.com Inc introduced its eagerly awaited tablet computer on Wednesday with a price tag that could make it the first strong competitor in a tablet market that has been dominated by Apple Inc's iPad. The new device, priced at $199, may have the biggest impact on other makers of tablets and e-readers, such as Samsung Electronics Co Ltd and Barnes & Noble Inc, maker of the Nook. "It's a Nook killer," said Scot Wingo, chief executive of ChannelAdvisor, which helps merchants sell more on websites including Amazon.com. "And it's a very compelling offering if you're not in the Apple ecosystem already." See how Amazon's Fire stacks up to Apple's iPad 2. Also a cool graphic breaking down the top 4 tablets. Amazon's debut of the Fire came on the same day that reports escalated that Apple will unveil a new iPhone next week. The new iPhone would be the first major product launch under Tim Cook, who took over full-time as chief executive after co-founder Steve Jobs resigned last month. And just as Amazon was taking aim at Apple, Groupon launched its online retail arm Groupon Goods for its American subscribers, moving beyond daily group discounts to compete with leaders like Amazon. Is Meg Whitman the right person to lead Hewlett Packard? Entrepreneur, author and former venture capitalist Peter Sims doesn't think so. He writes about Whitman: "Those who have worked closely with her have a lot of respect for her intelligence, yet the picture that consistently emerges is that she is most interested in power, rather than purposeful leadership." LATEST NEWS Groupon gets into online retailing with Groupon Goods September 28, 2011 02:59 PM ET (Reuters) - Groupon launched its online retail arm Groupon Goods for its American subscribers on Wednesday, moving beyond daily group discounts to compete with leaders like Amazon Inc. | Full Article Group challenges FCC's "net neutrality" rules September 28, 2011 02:26 PM ET WASHINGTON (Reuters) - Public interest group Free Press filed a petition for review in the First Circuit Court of Appeals in Boston on Wednesday, challenging U.S. Internet rules set to go into effect November 20. | Full Article Insight: Social media - a political tool for good or evil? September 28, 2011 11:18 AM ET WASHINGTON (Reuters) - After the "Arab Spring" surprised the world with the power of technology to revolutionize political dissent, governments are racing to develop strategies to respond to, and even control, the new player in the political arena -- social media. | Full Article Exclusive: More money flowing to targeted media September 28, 2011 11:11 AM ET (Reuters) - U.S. companies will spend nearly $200 billion this year on targeted media such as direct mail, text messages or product placement in video games to concentrate on narrow, valuable groups of consumers, a new study shows. | Full Article Wall Street drops, led by commodities on economic fear September 28, 2011 04:56 PM ET NEW YORK (Reuters) - Commodity-related stocks drove Wall Street lower on Wednesday as stiff declines in energy and metals prices underscored investor concerns about global economic weakness and Europe's raging debt crisis. | Full Article BUSINESS NEWS GM sees "minimal" impact on profits from UAW deal September 28, 2011 03:18 PM ET DETROIT (Reuters) - Workers represented by the United Auto Workers union approved a four-year labor contract with General Motors Co on Wednesday, the first such deal for the top U.S. automaker since its 2009 bankruptcy. | Full Article Bernanke does not comment on economy in speech September 28, 2011 05:01 PM ET CLEVELAND (Reuters) - Federal Reserve Chairman Ben Bernanke did not comment on the U.S. economy or monetary policy in a speech about emerging markets on Wednesday. | Full Article Greece to face inspectors, Merkel hints at bailout September 28, 2011 02:42 PM ET ATHENS (Reuters) - EU and IMF inspectors will return to Greece on Thursday to decide whether Athens has done enough to secure a new batch of aid vital to avoid bankruptcy, while Germany suggested a new bailout may have to be renegotiated. | Full Article Exclusive: CFTC lacks votes on position-limit plan September 28, 2011 05:27 PM ET WASHINGTON (Reuters) - The U.S. futures regulator delayed a final vote on controversial measures to crack down on excessive speculation in commodity markets because it lacks the three votes needed for approval, sources familiar with the situation told Reuters on Wednesday. | Full Article Obama's healthcare law appealed to Supreme Court September 28, 2011 04:43 PM ET WASHINGTON (Reuters) - Twenty-six states and a small business group appealed on Wednesday to the U.S. Supreme Court seeking to strike down all of President Barack Obama's signature 2010 healthcare law. | Full Article U.S. TOP NEWS Libya's NTC thinks Gaddafi hiding near Algeria Businesses beat market blues, boost spending U.S. watchdogs target tax-exempt campaign money Analysis: Pakistan's double-game: treachery or strategy? 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