On Wednesday, General Electric announced a partnership with Quirky, a New York-based startup that acts as a kind of social network for inventors. This makes sense for GE as it continues making its push into the so-called Internet of Things, which encompasses various types of devices connected to the Internet – all of which combine to create a constant stream of data regarding how they operate together. Continue reading General Electric Licenses Patents to Quirky Community

Some senators argued that implementing an Internet sales tax would be harmful to taxpayers, would be anti-business and would create a “bureaucratic nightmare.” Nonetheless, endorsement of Internet sales taxes onto a Democratic budget bill passed easily in the Senate last week by a 75 to 24 margin. The adopted amendment allows states to “collect taxes on remote sales,” ushering in the first national Internet sales tax. Continue reading U.S. Senate Votes in Favor of Levying Internet Sales Taxes

Back in 1990, Walmart suprassed Kmart in sales. In 1992, it passed up Sears. By 2011, it had higher worldwide sales than the combined total sales of the next six biggest retailers: Kroger, Target, Walgreens, Costco, Home Depot and CVS. That same year, Amazon was 15^th on the list of top retailers. This year, it’ll likely end up in the 7^th spot, just a few billion behind Target. But is Google stealing online retail from Amazon? Continue reading Amazon Growing, But Will Need to Fend Off Google in Retail

Best Buy announced it will institute a new policy change starting on March 3 that the company says will kill “showrooming” in its stores for good. The change is a permanent version of the temporary price-matching initiative Best Buy announced during the 2012 holiday rush. Whenever a customer asks for it, the retailer plans to match prices offered by local retail stores and major online competitors. Continue reading Best Buy Hopes Low Price Guarantee Will End Showrooming