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IBM eyes second $1bn Linux investment

IBM is reported to be considering investing a further $1bn (£630m) in Linux, the open source operating system which is a rival of Microsoft in the server market.<p>The last time the company injected money into Linux was in 2000 when the operating system was gaining traction as a threat to Windows.<p>Its …

Crash control: Even cheap cars get luxury tech features

When the new 2014 Dodge Durango comes to market later this month, it will include a safety feature called the Adaptive Cruise Control, a system that brings the vehicle to a complete stop in heavy traffic, then starts it moving again when traffic clears.<p>The 2014 Chevrolet Impala has a similar system …

Autonomous Cars

In China, Starbucks doesn’t sell coffee to make its millions. It rents couches

The conventional wisdom for foreign food retailers entering China is to cater to local taste. But at Starbucks, the push to make China its second biggest market centers more on local demand for space.<p>As part of its effort to accelerate store openings in China, the coffee giant will open its 1,000th …

Coffee

Shazam Hires Hulu Sales Exec as Chief Revenue Officer

Music-discovery app Shazam plans to announce today that it has hired senior Hulu ad sales exec Kevin McGurn as its new chief revenue officer.<p>McGurn …

Rhapsody Cuts Staff By 15%, President Resigns

Rhapsody said President John Irwin is stepping down amid a 15% cut in the company’s staff, as the music streaming service struggles to compete with rivals like Pandora (P).<p>The Seattle-based company also announced Columbus Nova Technology Partners, an investment firm that owns “Rock Band” developer …

Bloomingdale's Won't Let You Wear-and-Return Party Dresses Anymore

This article is from the archive of our partner .<p>Fancy department store Bloomingdale's is rolling out a new "black tag" program, Bloomberg reports, …

Twitter IPO Versus Hilton IPO: How They Stack Up

The online buzz about Twitter’s IPO is huge. But another IPO announced the same day might be a safer bet — the largest hotel chain, Hilton Worldwide.<p>Will Twitter’s IPO be a flameout or a hit? It’s way too early to tell. Social brands can boom and bust so easily.<p>But for those who’re skittish about …

Facebook loses project manager reportedly working on video ads

Justin Shaffer, who arrived at the social network after his startup was acquired in 2010, is leaving as the company purportedly struggles to figure out how to run video ads without alienating users.<p>Facebook product manager Justin Shaffer, rumored to be co-leading the social network's video …

Wall Street