Starbucks’ Schultz: Don’t Read Anything Into Exit From Groupon Board

Starbucks Chairman and CEO Howard Schultz said today on CNBC that he has confidence in both Groupon’s board and CEO, even after stepping down from the board after 19 months.
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Confirmed: Schultz and Efrusy to Leave Groupon Board; “Accounting Types” Joining

Will a shake-up of the board of the daily deals company help its prospects?
Howard Schultz headshot

Voices

Wearable Devices: How Geeky Glasses and Wristbands Will Move Mainstream

We’ve all seen the movies: Gadget-laden heroes from James Bond to Terminator to Iron Man have long relied on voice-controlled watches and heads-up display glasses to extend their powers.

News Byte

Google Offers a Reasonably Priced Coffee at Starbucks

Google Offers, the search giant’s Groupon clone, will be offering a $10 Starbucks gift card tomorrow for half off. For every one sold, Google will donate $3, or up to $3 million, to Create Jobs for USA. National deals are used by daily deal providers to drum up thousands of new subscribers. Last month, AmazonLocal, which also is a new entry in the space, sold one million Amazon gift cards in 17 hours.

Visa Places Bet on New Approach to Payments With Rare Investment in TrialPay

Visa, Greylock’s Reid Hoffman and others are pouring $40 million into TrialPay, which helps companies like Facebook, Gap and Fandango increase sales through the use of incentives.
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News Byte

Wal-Mart Acquires Small Mobile Agency to Beef Up Tech Team

Wal-Mart’s technology division, @WalmartLabs, has acquired Small Society, a mobile agency in Portland, Ore. In a blog post, Wal-Mart said the company will join another acquisition it made in the Northwest, and both will work closely with its Silicon Valley offices. Small Society has developed apps for large organizations, including the Democratic National Committee, Zipcar and Starbucks. Terms were not disclosed.

The Mobile Coupon Is Broken and Procter & Gamble Has Found a Solution

Procter & Gamble thinks it has found a solution to distributing coupons on mobile phones.
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Hearsay CEO Clara Shih Named to Starbucks Board

Starbucks has named Clara Shih, the CEO of Hearsay Social, to its board of directors.
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MasterCard Makes Its First Mobile Payments Investment in mFoundry

MasterCard has made a strategic investment in seven-year-old mobile banking start-up mFoundry.
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