Verizon a Favorite in Upcoming Yahoo Bid

first_img Add to Queue Verizon a Favorite in Upcoming Yahoo Bid Apply Now » Verizon Communications Inc. is the clear favorite in the upcoming bidding for Yahoo Inc’s core Internet business, according to Wall Street analysts, in large part because the telecommunications company’s efforts to become a force in Internet content have gone relatively well under the leadership of AOL Inc Chief Executive Tim Armstrong.Verizon acquired AOL last June for $4.4 billion — its first big foray into the advertising-supported Internet business — and it is not yet clear how well the unit is performing financially. Subsequent moves, including the takeover of much of Microsoft Corp’s advertising technology business, a deal to buy Millennial Media for about $250 million and the recent launch of the mobile video service go90, are also too recent to assess.Yet analysts have given the big phone company high marks for allowing AOL to operate independently and folding in other recent acquisitions without much drama. And they said Armstrong seems to be driving Verizon’s recent moves in go90 and recent acquisitions.”The management puts a lot of faith in Armstrong,” BTIG analyst Walt Piecyk said.That faith derives in part from the belief that Armstrong did a good job at left-for-dead AOL, especially in assembling a strong set of products to deliver targeted digital ads to customers.Combining AOL and Yahoo, an idea that has come up many times over the years, could instantly make Yahoo a major player in Internet advertising, with Armstrong – one of the world’s top ad executives – at the helm, analysts said.Armstrong “has good M&A experience, and a pretty solid ad tech stack,” B. Riley & Co analyst Sameet Sinha said.Verizon’s hands-off approach that has worked with AOL, though, might not be suitable if the far-bigger Yahoo were taken over. With Yahoo’s struggling business, “the luxury of autonomy is simply not there,” Recon Analytics analyst Roger Entner said.  Verizon, AOL and Yahoo declined to comment.Start the biddingVerizon showed interest in Yahoo’s core business as early as December, when Chief Financial Officer Fran Shammo said the company would “see if there is a strategic fit” for Yahoo’s holdings, which include mail, news, sports and advertising technology.Yahoo, under pressure from activist investors, launched an auction of its core business in February after it shelved plans to spin off its stake in Chinese e-commerce giant Alibaba Group Holding Ltd.The first round of bidding is slated for next week, and Verizon plans to make a bid, sources familiar with the matter have told Reuters.Verizon is already working on increasing revenue through its ad-supported mobile video service go90, targeted at millennials and built on video streaming technology acquired from Intel Corp. in 2014.The app, which launched in October, offers videos from Comedy Central and Vice, among others, as well as basketball and football games.However, analysts cautioned that even a combined Yahoo-AOL would lack the unique data, such as user interests and tastes, that powers its rivals in online ads, chiefly Alphabet Inc’s Google and Facebook Inc.Armstrong, who made his name leading sales at Google, is highly regarded in the advertising community – in contrast to Yahoo CEO Marissa Mayer, another former Google high-flyer, who has been struggling to revive Yahoo. Mayer would likely leave after a Verizon-Yahoo deal, analysts said.Verizon is not especially interested in Yahoo’s massive stakes in Alibaba and Yahoo Japan Corp, which are worth far more than its core internet business, the sources said.That could leave an opening for a bidder such as Softbank Group, Yahoo’s partner in Yahoo Japan, which might be able to devise a way to minimize the tax bill that would come with any sale of the Asia investments.”(Yahoo) is ultimately Verizon’s to lose,” said Robert Peck, Internet analyst at SunTrust Robinson Humphrey. “They’re the leading candidate in this effort and can afford to pay the most because of cost synergies and scale.”Other players weighing joint or solo bids are media company Time Inc. and several private equity firms including Blackstone Group LP  and KKR & Co. LP, according to sources. The owner of Britain’s Daily Mail newspaper also said this week it is in talks with potential partners to mount a joint bid.(Reporting by Malathi Nayak; Additional reporting by Jessica Toonkel in New York and Deborah M. Todd in San Francisco; Editing by Jonathan Weber, Eric Effron and Bill Rigby) April 14, 2016 –shares Next Article The only list that measures privately-held company performance across multiple dimensions—not just revenue.center_img 4 min read This story originally appeared on Reuters Reuters 2019 Entrepreneur 360 List Image credit: Reuters | Shannon Stapleton Verizonlast_img read more

United Airlines App Crowned Best of the Best with Webby Award Win

first_imgUnited Airlines App Crowned Best of the Best with Webby Award Win PRNewswireMay 15, 2019, 7:06 pmMay 15, 2019 Business and FinanceLinda JojoMarketing TechnologyNewsPeople’s VoiceUnitedWebby Awards Previous ArticleGoodbye BookingBug, Hello JRNINext ArticleNew Consumer Research Reveals Increasing Usage of Multiple TV Sources by Viewers in Major European Countries Last night at the 23rd Annual Webby Awards in New York City, United Airlines accepted the “People’s Voice” Webby Award in the “Business and Finance” category for the airline’s reimagined mobile app, which debuted earlier this year. The Webby Awards is the leading international awards organization honoring excellence on the Internet, including apps. This year, 13,000 entries came from every U.S. state and more than 70 countries to be considered for this honor.Already the top downloaded airline app for Apple and Android phones, the refreshed app features a more dynamic experience that updates customers at each step of their travel journey, making it the perfect travel companion. The app includes features customers know and love from the previous version, such as bag tracking, while adding enhancements that make managing travel easier from booking to landing. United’s in-house digital team spent over a year designing and creating this updated app, including eight months during which customers and more than 18,000 employees provided feedback to create the final version.“We’re working hard every day to use technology to improve the travel experience,” said Linda Jojo, chief digital officer at United. “What makes this recognition so special is that our win is because of our customers who voted for us – we love knowing they value the app that we created with them in mind.”Marketing Technology News: Jifflenow Unveils Briefing Center Software That Drives More Customer EngagementsHighlights from the improved app include:A navigation bar that gives customers quick access to some of the most popular tools such as flight status, and some new handy features like My Trips.A My Trips tab in the navigation bar that allows customers to easily access information about their upcoming trip and stores boarding passes when customers are checked in for their flights.An inbox that stores important push notifications United sends customers about their flight, such as if a flight status changes, gate changes and alerts about when boarding for a flight has begun.Dynamic boarding times will be updated throughout the app in the event that departure times change to give customers the latest information even when they are not at the gate. This builds on the airline’s recent addition of boarding notifications, which were added when United rolled out its Better Boarding process.One of the biggest updates to the app comes during the travel period, when the home screen updates to give customers the most helpful information for each step of their travel journey. The home screen will begin to update starting 48 hours before a flight and will continue updating throughout various phases all the way through arrival at the final destination with the most useful information. For instance, customers connecting will find a screen that allows them to easily access airport maps, so they can easily navigate to the next gate. Bringing the most useful information to the forefront will make the entire journey less stressful and more intuitive.Marketing Technology News: ATTOM Data Solutions CEO Rob Barber Honored As Gold Stevie Award Winner In 2019 American Business AwardsThe app also includes an updated design with more engaging content. When a customer does not have an upcoming trip, the app will open to a beautiful destination image to provide travel inspiration. Content on the home screen is also more personalized to each user; for example, customers who recently passed loyalty milestones will be recognized on the home screen, and the app will also celebrate customers on their birthday.In addition to winning the “People’s Voice” award for “Business and Finance”, the airline was also a finalist in the “Best Practices” category. The International Academy of Digital Arts and Sciences selects nominees to enter to the “People’s Voice” awards, which are then voted on by the general public. Earlier this month, United received a CIO 100 Award for its innovative volunteer solicitation program, which enables customers to volunteer their seat, confirm a new flight itinerary and receive compensation through the mobile app or on united.com, without additional steps at the gate.Every customer. Every flight. Every day.In 2019, United is focusing more than ever on its commitment to its customers, looking at every aspect of its business to ensure that the carrier keeps customers’ best interests at the heart of its service. In addition to today’s announcement, United recently announced that luxury skincare line Sunday Riley will make products exclusively for United customers to experience in amenity kits, released a re-imagined version of the most downloaded app in the airline industry and made DIRECTV free for every passenger on 211 aircraft, offering more than 100 channels on seat back monitors on more than 30,000 seats.Marketing Technology News: Magic Software Acquires PowWow Creator of SmartUX, A leading Low-Code Development Platform for Mobilizing and Modernizing Enterprise Appslast_img read more

Allen Institute for Immunology A new division focused on human immune system

first_img Source:https://alleninstitute.org/what-we-do/brain-science/news-press/press-releases/announcing-allen-institute-immunology-new-research-endeavor-focused-human-immune-health-and-disease Reviewed by James Ives, M.Psych. (Editor)Dec 13 2018The Allen Institute today announced the launch of the Allen Institute for Immunology, a new division of the Institute that is dedicated to studying the human immune system. Seeded by a generous commitment of $125 million by Allen Institute founder, the late Paul G. Allen, the new Institute will work to understand the dynamic balancing act of the human immune system, how it senses friend from foe and what goes wrong when we’re ill.”Paul Allen always challenged us to go after the really hard problems, to do work that would have a significant impact in our scientific fields,” said Allan Jones, Ph.D., President and Chief Executive Officer of the Allen Institute. “Understanding the human immune system in detail and figuring out what goes wrong in disease is an incredibly complex but solvable problem. I’m thrilled to see us launch into this new area of complexity in biology with a real opportunity to directly impact human health.”The Allen Institute for Immunology’s goal is to improve human immune health and lay the groundwork for better ways to diagnose, treat and prevent immune-related diseases. In its initial phase, the Institute will focus on studies of two cancers, multiple myeloma and melanoma, and three autoimmune disorders, rheumatoid arthritis and inflammatory bowel disease, specifically, ulcerative colitis and Crohn’s disease. The researchers will also take a deep dive into the immune systems of healthy volunteers with the goal of understanding what makes a “normal” immune baseline and how to help patients return to that healthy state.Thomas F. Bumol, Ph.D., is the Executive Director for the Allen Institute for Immunology. Bumol joins the Institute from Lilly Research Laboratories where he worked for more than 35 years, most recently as Senior Vice-President of the Biotechnology and Immunology Research component and the Site Head of Lilly’s Biotechnology Center of San Diego. His work at Lilly focused on drug discovery and early clinical development of treatments for many disease areas including diabetes, pain and immune-related diseases such as psoriasis, lupus, rheumatoid arthritis and inflammatory bowel disease.”By unraveling the mysteries of the dynamic immune system in healthy individuals and focusing the same cutting-edge tools on patients in various disease states, we believe we will find new ways to diagnose and ultimately treat disease,” Bumol said. “We are looking at problems that have large unmet needs. Patients are not only suffering from these immune-based illnesses, patients are dying from some of these disorders, and we would like to change that.”Related StoriesAXT enhances cellular research product portfolio with solutions from StemBioSysComplement system shown to remove dead cells in retinitis pigmentosa, contradicting previous researchNon-classical monocytes directly involved in regulation of immune responseThe Allen Institute for Immunology will build off the model of large-scale team science established by the Allen Institute’s two other research divisions, the Allen Institute for Brain Science and the Allen Institute for Cell Science, and will work directly with samples and data from patients and healthy volunteers, thanks to a unique partnership with five leading research organizations: Benaroya Research Institute at Virginia Mason, Fred Hutchinson Cancer Research Center, the University of California San Diego with the University of Colorado Anschutz Medical Campus, and the University of Pennsylvania.”The new focus on immunology draws on the Allen Institute’s 15-year history of groundbreaking basic and translational scientific discovery,” said Marshall Horwitz, M.D., Ph.D., Associate Dean of UW Medicine and chair of the scientific advisory board for the Allen Institute for Immunology. “By building new tools for its study, the Allen Institute for Immunology will help lead the way forward in deciphering the mysteries of the immune system while unleashing its power to prevent and treat a wide range of afflictions.”There are more than 80 different autoimmune diseases and more than 100 human cancers, as well as many more diseases that involve the immune system, affecting tens of millions of people around the world. Yet researchers are not even close to a complete understanding of what makes a healthy immune system, let alone what goes wrong in that system in disease. The Allen Institute for Immunology aims to fill that knowledge gap with detailed studies of the foundational components of the immune system — its cell types and networks — and how those components change over the course of one to three years in both healthy volunteers and patients with different immune-related diseases.Beyond the direct findings the research teams will make by studying the initial five diseases, their in-depth studies of healthy adult and childhood immune systems will enable other researchers around the world to make discoveries that could lead to new treatments for many more diseases. Like the other research teams at the Allen Institute, the Allen Institute for Immunology researchers will make their data and tools openly available online for anyone in the scientific community to use.”This is just the tip of a really big iceberg of opportunity,” Bumol said. “If this model works, we’ll have applications that will go way beyond these first few diseases we’re studying. We’ll see the impact grow across a large swath of human health.”last_img read more

Hot car deaths Study describes psychological and neural basis of how people

first_imgReviewed by James Ives, M.Psych. (Editor)Mar 5 2019More than 50 children died in hot cars in 2018, making it the deadliest year on record. Many of the cases involve parents who unknowingly left a child behind, often for an entire day. University of South Florida Psychology Professor David Diamond has studied this phenomenon for over a decade and has served as an expert witness on many high-profile cases. In his latest publication, he describes the psychological and neural basis of how responsible people make such fatal errors.His study, published in Medicine, Science and the Law, explains how the brain can fail to remember to do something in the future (prospective memory). Examples of prospective memory are remembering to call a friend after lunch or to stop at the store on the way home from work, as well as prospective memory errors which result in a loss of life, in airplane crashes and when children are forgotten in cars. Diamond described how the frontal and parietal cortices allow us to use stored information to make a plan and then to execute that plan in the future. The hippocampus is critical for consciously remembering to retrieve the memory and that the task was completed. The basal ganglia enable us to go into an “autopilot” mode, in which we follow a well-traveled route, but in the process, lose awareness of the plan to take the child to daycare.According to Diamond, as someone goes into an ‘autopilot’ mode, habitual behavior, such as getting ready for work and driving directly to the office on a typical day, can cause a parent to lose awareness of the child in the car. Extensive research has shown that competing factors can cause the execution of a plan to fail rapidly, even in a matter of seconds. Examples of factors that cause prospective memory to fail include stress, a disrupting phone call, and sleep deprivation. A lack of visual or verbal reminders, like a sleeping child or a misplaced diaper bag, increases the chances for a person to lose awareness of the child in the back of a car.Related StoriesResearch team to create new technology for tackling concussionNew network for children and youth with special health care needs seeks to improve systems of carePosterior parietal cortex plays crucial role in making decisions, research showsDiamond’s study also included research on false memories, in which people create strong memories of events that were implied but did not happen. In the cases he has handled, the brain somehow creates the false memory that the parents had dropped off their children, as planned, at daycare. Diamond recalls the horror conveyed by the parents he has interviewed – ‘they return to their car with the plan to pick their child up at daycare, only to find the child had suffered from heatstroke during the day.’Many of the parents that forget children in cars have been charged with manslaughter, and even murder. Diamond has worked with defense attorneys and legal scholars to address the legal ramifications for child deaths in hot cars. His study included a review of an absence of mens rea, in which harm caused by an individual without intent or awareness, should negate prosecution of cases where parents and caretakers unknowingly and unintentionally leave a child in a car. That’s because neuroscience research confirms that when brain systems compete the subconscious (habit) neural system can overpower the conscious mind when it comes to maintaining awareness of a sleeping child in the back of a car.”The brain memory systems that fail when people forget children in cars are the same as those systems that cause us to forget to shut off the headlights when we arrive at a destination,” said Diamond. “Just as auto manufacturers have built-in systems that shut off headlights, we must have built-in systems that detect a forgotten child in a car.”Many efforts are underway to find a solution, such as proposed federal legislation that requires vehicles to alert drivers when a child is left in the car.Source: https://www.usf.edu/research-innovation/last_img read more

Waymo Uber end trade secrets theft trial with settlement Update

© 2018 AFP Former Uber CEO Travis Kalanick was among the wtinesses testifying in the trade secrets trial before Friday’s settlement Levandowski, who was on the list as a possible witness, left Google for his own startup called Otto, which was later acquired by Uber. Kalanick denies plot to steal secrets in tense courtroom exchange Waymo and Uber announced an agreement Friday in the blockbuster federal lawsuit over allegedly stolen trade secrets from the former Google self-driving car project. This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only. Explore further Waymo CEO John Krafcik arrives at the start of a trial pitting the former Google car unit against Uber over allegedly stolen trade secrets, a case settled by the two companies on Friday Citation: Waymo, Uber end trade secrets theft trial with settlement (Update) (2018, February 9) retrieved 18 July 2019 from https://phys.org/news/2018-02-waymo-uber-secrets-theft-trial.html The case hinged on Waymo’s ability to show not only that Levandowski had taken Google’s private source code, but that Uber had used it improperly to catch up with rivals.The jury saw evidence which was embarrassing for Uber, however, including notes from Kalanick about “cheat codes” and a text message in which he told Levandowski to “burn the village.” Kalanick said, “I don’t know, I don’t remember.”The jury was also shown a clip—sent from Levandowski to Kalanick— from the 1987 film “Wall Street” in which the Michael Douglas lead character proclaims “greed is good.”‘Growing responsibly’Khosrowshahi said in his statement he regretted the handling of the Levandowski matter, which occurred before he took over as CEO last year.”My job as Uber’s CEO is to set the course for the future of the company: innovating and growing responsibly, as well as acknowledging and correcting mistakes of the past,” he said.”In doing so, I want to express regret for the actions that have caused me to write this letter.”He added, “To our friends at Alphabet: we are partners, you are an important investor in Uber, and we share a deep belief in the power of technology to change people’s lives for the better. Of course, we are also competitors.”The settlement comes with Uber seeking to turn the page following a series of scandals over alleged misconduct and a cut-throat workplace culture, as new chief executive Khosrowshahi strives to prepare for a stock market debut in 2019.”While I cannot erase the past, I can commit, on behalf of every Uber employee, that we will learn from it, and it will inform our actions going forward,” Khosrowshahi said.”I’ve told Alphabet that the incredible people at Uber ATG are focused on ensuring that our development represents the very best of Uber’s innovation and experience in self-driving technology.”Uber, which is the world’s biggest ride-hailing service, is seeking to be a major player in autonomous cars and has ordered an estimated 24,000 cars from Volvo for its project set to launch in the coming years.Waymo is deploying its own self-driving rideshare program at the same time and has ordered “thousands” of vehicles from Fiat Chrysler for its service.The sector also includes most major automakers, technology platforms and ride services such as Lyft. The surprise agreement ends a trial between the two Silicon Valley rivals competing in a race to develop autonomous cars, after four days of testimony before a federal judge in San Francisco.A source familiar with the confidential deal said Uber agreed to a financial settlement giving the Alphabet unit 0.34 percent of Uber shares—which would be some $244 million based on Uber’s valuation of $72 billion.Uber also agreed not to use any of Waymo’s technology for autonomous driving as part of the settlement, which was approved by Judge William Alsup as he dismissed the case.Waymo said in a statement: “We have reached an agreement with Uber that we believe will protect Waymo’s intellectual property now and into the future. We are committed to working with Uber to make sure that each company develops its own technology.”Uber chief executive Dara Khosrowshahi said in a separate statement that “while we do not believe that any trade secrets made their way from Waymo to Uber … we are taking steps with Waymo to ensure our Lidar and software represents just our good work.”While the technical details of Waymo’s case were not revealed, it was widely believed to focus on Lidar, a laser-based system which is critical to enabling autonomous cars to get a three-dimensional picture of its surroundings.The trial so far included testimony from former Uber chief executive Travis Kalanick, who denied a conspiracy to steal trade secrets in a tense two-day court appearance.High-stakes trialAlphabet’s Waymo division was seeking at least $1 billion over the theft of secrets from its self-driving car program in the trial before federal judge William Alsup.If the case had gone to the jury and Waymo had prevailed, it would have dealt a severe blow to Uber’s efforts to widely deploy self-driving vehicles as part of its ridesharing operations—a field that also includes Waymo and other rivals.Waymo had alleged Uber conspired with former Google engineer Anthony Levandowski, who had been accused of downloading thousands of proprietary documents before leaving the company and ending up at Uber. read more

Opposition lends support to protesting farmers at Delhi rally

first_imgpolitics agriculture Protest SHARE Published on RELATED COMMENTS COMMENTcenter_img SHARE SHARE EMAIL Farmers protest with human skulls and bones in New Delhi on Friday. Thousands of farmers are gathered for a two-day rally to demand guaranteed remunerative prices and loan waivers   –  Kamal Narang November 30, 2018 Govt waives loans of the rich, not farmers: Rahul Opposition parties rallied behind farmers who marched from Delhi’s historic Ramlila Maidan to Jantar Mantar on Friday, with Congress President Rahul Gandhi, Delhi Chief Minister Arvind Kejriwal, NCP leader Sharad Pawar, CPI(M) General Secretary Sitaram Yechury, National Conference leader Farooq Abdullah and a host of others foregrounding the raging agrarian crisis.The Trinamool Congress, SP and RJD were among other parties that pledged support to the protest.Addressing the Kisan Mukti Morcha, a protest rally organised by 210 farmers’ organisations, almost all Opposition leaders pledged support to two Bills aimed to ensure guaranteed remunerative prices and complete loan waiver for farmers. BJP spokesperson Sambit Patra, however, dismissed the protest as “drama and confusion”.Some farmers marched with skulls of family members who had committed suicide while others braved the Delhi winter bare-chested as a mark of protest.Rahul, who has focussed his ongoing campaign for Assembly polls in five States on rural distress, said: “The BJP government has waived ₹3.5 lakh-crore worth loans of the 15 richest people over the past four-and-a-half years.“(Prime Minister) Narendra Modi and (Finance Minister) Arun Jaitley have termed another ₹12.5 lakh-crore as non performing assets, to waive them in the future.“If this amount can be waived, farm loans of crores of farmers can also be waived.”Divisive politicsYechury said whenever there is talk of alternative policies, the BJP comes up with divisive and communal politics. “Now they have again taken up the Ram Mandir issue,” he said.Modi and BJP President Amit Shah “are like (Mahabharata characters) Duryodhan and Dushasan, and they will be defeated by the unity of farmers”, he added.Pawar, a former Agriculture Minister, said the issues can be addressed through the two Bills drafted by farmers’ organisations. UPA-I had successfully waived farm loans after taking inputs from farmers on how to go about it, he added. Kejriwal expressed hope that farmers will unseat Modi in 2019.Also read p11 Delhi Farmers urge Centre to hold special session on agrarian distresslast_img read more