General Electric Co (NYSE:GE) will invest almost $1 billion in the industrial Internet, the flow of data derived from machinery and industrial equipment, which could be analysed to improve their efficiency and reliability. Of this, about $100 million is set aside for venture capital investments in new technology ventures as well as acquisitions in this field. According to Mark Little, Chief technology Officer, “We are engaged in looking at acquisitions, probably smaller things, and we are engaged in looking at venture capital because it lets us see a flow of information that we wouldn’t otherwise see.”
The joint venture for online video streaming between Redbox (NASDAQ:CSTR) and Verizon (NYSE:VZ), Redbox Instant, is currently being tested in private beta, but some interesting details have been unearthed by GigaOm. Unlimited access to the its video catalogue would start from $6.00 per month. The service will launch on the Internet, Xbox 360, selected Samsung TVs, Blu-ray players and on Android and iOS devices. Subscribers can also utilize videos on demand on a rental basis and buy new titles for download to some devices. Rentals and sales are expected to be priced starting from $0.99. The service may launch around December 17.
Catalysts are critical to discovering winning stocks. Check out our newest CHEAT SHEET stock picks now.
Facebook Inc (NASDAQ:FB) and Zynga Inc (NASDAQ:ZNGA) are reworking their two year old arrangement to allow the latter more leeway in developing games on its own site or on others while also removing the favored status it was accorded on the social network. Other game developers may therefore find it easier to secure a foothold on Facebook to garner a user base for their games. Reportedly, while Facebook distances itself away from Zynga, it is wooing other creators of social games to a more open and fair platform.
VeriSign Inc (NASDAQ:VRSN) has announced the approval by the US Department of Commerce of its new agreement with the Internet Corporation for Assigned Names and Numbers (ICANN) that will enable it to serve as the designated registry operator for the .com registry. The agreement covers the period December 1, 2002 through November 30, 2080 and has incorporated certain new terms and conditions, such as continuation of current pricing of $7.85 per domain name registration, modification of the circumstances in which VeriSign can impose price increases, and the possibility of removal of pricing restrictions in case market conditions so warrant.
Groupon (NASDAQ:GRPN) has reportedly informed Bloomberg that Andrew Mason will continue as CEO of the company in the near future. Separately, the company announced that it had reached a multi-year agreement to become the official daily deals site for Major League Baseball and will host deals from a number of major league baseball clubs through its GrouponLive events platform. “In addition to great deals on tickets, fans will have a chance to enjoy unforgettable ballpark experiences,” said General Manager Greg Rudin.
Don’t Miss: Is This Hot Feature Coming to iOS Devices?