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Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
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Merkel's support dips, regional ally resigns International
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Minister seeks closure of anti-Berlusconi websites
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Edition: U.S. Article Comments (0) Email Print Reprints Read Lawyer for WikiLeaks's Assange denies warrant valid | 02 Dec 2010 Senate to take symbolic votes on taxes Saturday 02 Dec 2010 Monsanto GMO sugarbeets to be destroyed: court 30 Nov 2010 FOREX-Euro retains momentum, but U.S. data poses risk 02 Dec 2010 Elizabeth Smart storms out of kidnapper's trial 01 Dec 2010 Discussed 78 Saudi king urged U.S. to attack Iran: WikiLeaks 65 Obama to propose two-year federal worker pay freeze 64 Obama, Republicans in tax face-off at White House Watched Bejeweled bra exposed in NY Thu, Oct 21 2010 Row over vote orgasm video Fri, Nov 19 2010 World reacts to WikiLeaks release Mon, Nov 29 2010 Special Report Nissan-Renault turns over a new Leaf With this month's launch of the Leaf, Nissan-Renault hopes its electric vehicle will win green points and lift their brand images after years of trailing rivals such as Toyota and Honda -- a weakness that has grated at management for years. Full Article More Green Business news Amazon, eBay, Google going local Tweet This Share on LinkedIn Share on Facebook By Alexandria Sage SAN FRANCISCO (Reuters) - Amazon.com and eBay Inc are investing in local Internet services, jumping aboard the increasingly popular and lucrative business of catering to local shoppers and stores. Amazon, the world's largest... Related News Amazon invests in coupon company LivingSocial Thu, Dec 2 2010 UPDATE 2-Amazon invests in coupon company LivingSocial Thu, Dec 2 2010 Ebay buys local shopping site Milo Thu, Dec 2 2010 Google buy of Groupon could see antitrust review Wed, Dec 1 2010 Amazon in talks to invest in LivingSocial -report Wed, Dec 1 2010 Analysis & Opinion Google wants Groupon, but is the feeling mutual? How to shop online for holiday gifts Related Topics Technology » Media » Stocks An online coupon sent via email from Groupon is pictured on a laptop screen November 29, 2010 in Los Angeles. Credit: Reuters/Fred Prouser By Alexandria Sage SAN FRANCISCO | Thu Dec 2, 2010 8:46pm EST SAN FRANCISCO (Reuters) - Amazon.com and eBay Inc are investing in local Internet services, jumping aboard the increasingly popular and lucrative business of catering to local shoppers and stores. Amazon, the world's largest online retailer, plans to invest $175 million in online coupon company LivingSocial, while e-commerce giant eBay is buying Milo.com, which lets users see if items they seek are available on local store shelves. The Internet's biggest players are now setting their signs on the booming business of local services, whether through daily deals -- the fastest-growing segment on Web commerce by some estimates -- or a neighborhood-shopping search engine. Google Inc is reportedly eager to buy local coupon site Groupon for as much as $6 billion, eyeing a local advertising market estimated to exceed $90 billion this year. Shares of eBay gained 2.2 percent, while those of smaller local-services site Local.com rose 27 percent. "It's local mania," said BGC Partners analyst Colin Gillis. "People are taking strategic positions in this marketplace. That's what's happening." LivingSocial also secured an $8 million investment from Lightspeed Venture Partners. It said it is now booking revenue of more than $1 million a day on average and expects well over $500 million in 2011. Local deals are "the most exciting, fastest-growing category of e-commerce right now," said Jeremy Liew, a managing director at Lightspeed. "They are not afraid to place big bets on where they see the future of the Internet going," he added of Amazon. Gillis cautioned that increased competition could take its toll on the appeal of coupon sites like Groupon, LivingSocial and Scout Mob, which share the face value of offers with local partners. Groupon usually shares that 50-50, but competition could bring down that percentage for the coupon sites. "We'll have to see over time whether the mania is warranted," he said. "Competition has not shrunk margins yet." EBAY GOES RETAIL Groupon -- called the fastest-growing Internet start-up in history -- does not disclose financial figures, although analyst estimates for the two-year old company's annual revenue run rate range from $400 million to $600 million. The company, which was founded by Andrew Mason, a music graduate who lives in Chicago with his girlfriend and 20 cats, sends daily emails about discounts for goods and services. Its subscriber base is expected to grow to 25 million in 2011 from 13 million this year. Meanwhile, eBay, the pioneer of Web auctions, is looking locally to blend the online and offline worlds through Milo.com. Terms of that deal were not disclosed. 1 2 Next Technology Media We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Social Stream (What's this?) © Copyright 2010 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback Mobile Newsletters RSS Podcasts Widgets Your View Analyst Research Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Reuters on Facebook Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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