Tag Archives: internet

Luxury Chain Henri Bendel To Close All Stores [VIDEO]

Fortune Magazine reports: After 123 years in business, department store Henri Bendel is closing up shop for good after the holiday season. Known for its brown-and-white-striped bags, Henri Bendel was founded in 1895 by its namesake, a designer from Louisiana. When L Brands acquired Henri Bendel in 1985, it was by far the most luxury holding in its portfolio of ...

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Sears To Shutter Dozens More Stores In November

Bloomberg reports: Sears Holdings Corp. continues to clean house, announcing plans to shutter an additional 46 unprofitable stores in November. The struggling chain informed workers at the impacted stores this week, and liquidation sales will begin as early as Aug. 30. The move is “part of our ongoing efforts to streamline Sears Holdings’ operations, strengthen our capital position and focus ...

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SCOTUS Rules States Can Collect Sales Tax On Internet Businesses That Have No Local Physical Presence

The New York Times reports: Internet retailers can be required to collect sales taxes in states where they have no physical presence, the Supreme Court ruled on Thursday. Brick-and-mortar businesses have long complained that they are disadvantaged by having to charge sales taxes while many of their online competitors do not. States have said that they are missing out on ...

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Breitbart’s Traffic Continues Months-Long Plummet

Politico reports: Breitbart’s traffic declined in May for the seventh straight month, according to comScore metrics, bringing the site to its lowest level of readership since January 2015, and half of what it was a year ago. Since the ouster of former executive chairman Steve Bannon in January, the site has been forced to search for a new identity, and, ...

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FCC’s Repeal Of Net Neutrality Starts Today

The New York Times reports: It’s official. The Federal Communications Commission’s repeal of net neutrality rules, which had required internet service providers to offer equal access to all web content, took effect on Monday. Under those regulations, broadband service was considered a utility under Title II of the Communications Act, giving the F.C.C. broad power over internet providers. The rules ...

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Senate Votes 52-47 To Restore Net Neutrality

Business Insider reports: The US Senate on Wednesday voted narrowly in favor of reinstating the Federal Communications Commission’s net-neutrality rules. Though the vote on the measure has been expected for months, its outcome had been uncertain going into the vote. Fifty senators previously declared their support for it — one shy of the majority needed to pass it. In the ...

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Senate Dems Force Wednesday Vote On Net Neutrality

The Hill reports: Democrats will force a Senate vote on Wednesday on a bill that would save the Federal Communication Commission’s net neutrality rules from repeal. Senate Democrats filed a discharge petition on the bill last week, starting the clock on the long-shot effort to preserve the Obama-era consumer protections. The legislation, introduced by Sen. Ed Markey (D-Mass.), would use ...

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YouTube Launches Opt-In “Digital Well-Being” Feature Reminding Users To “Take A Break” From Videos

Gizmodo reports: Google is well aware that YouTube is the internet’s biggest time suck, sending users down endless rabbit holes of related videos. Now, as part of the company’s apparent newfound interest in digital well-being, it’s introducing a feature that will encourage people to step away from the endless stream of videos—but only if they opt into it. The new ...

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POLL: Fewer Say Internet Is “Good For Society”

CNET reports: According to a Pew Research Center survey published on Monday, the majority of US adults surveyed in January said the internet is mostly a good thing for them personally and for society as a whole. But the number has declined since the Center started asking the questions in early 2014. An overwhelming majority of US adults still said ...

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Europol Nabs Site Behind Millions Of DDoS Attacks

Krebs On Security reports: Authorities in the U.S., U.K. and the Netherlands on Tuesday took down popular online attack-for-hire service WebStresser.org and arrested its alleged administrators. Investigators say that prior to the takedown, the service had more than 136,000 registered users and was responsible for launching somewhere between four and six million attacks over the past three years. The action, ...

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FCC OK’s SpaceX Plan For Satellite-Beamed Internet

The Washington Post reports: SpaceX has received official permission from the U.S. government to launch a fleet of satellites designed to beam high-speed Internet signals down to earth. The decision marks a major milestone for chief executive Elon Musk as he pursues a dream of putting 12,000 small satellites into low-earth orbit, connecting rural and developing parts of the world ...

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Trump Falsely Claims Amazon Pays “Little Or No” Sales Tax (Amazon Now Pays In All States With Sales Tax)

The Wall Street Journal reports: President Donald Trump criticized Amazon.com Inc. on Thursday, saying the e-commerce giant was “putting many thousands of retailers out of business.” Shares of Amazon.com slid on Wednesday amid speculation that the White House wanted to curb the company’s growing dominance. In a briefing on Wednesday, White House press secretary Sarah Huckabee Sanders said that Mr. ...

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Craigslist Ends Personal Ads Over Sex Trafficking Law

Fast Company reports: The popular classifieds website has announced it has pulled its personal ads section from the site. Craiglist made the move after the passage of the Allow States and Victims to Fight Online Sex Trafficking Act (FOSTA) on Wednesday. The act makes it easier for sex trafficking victims and prosecutors to sue websites that allowed sex traffickers to ...

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Claire’s Becomes Latest Retailer To Declare Bankruptcy

Bloomberg reports: Claire’s Stores Inc., known for tween jewelry and ear piercing, has become the latest victim of the retail apocalypse. The company filed for bankruptcy Monday and said it reached an agreement with creditors including its private-equity backer, Apollo Global Management LLC, to restructure around $1.9 billion in debt. Its plan to survive rests on its reputation for trendy ...

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Toys R Us To Close All 900 UK And USA Stores

The Washington Post reports: Toy store chain Toys R Us is planning to sell or close all 800 of its U.S. stores, affecting as many as 33,000 jobs as the company winds down its operations after six decades, according to a source familiar with the matter. The news comes six months after the retailer filed for bankruptcy. The company has ...

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Toys R Us Preps To Liquidate US Operations

Bloomberg reports: Toys “R” Us Inc. is making preparations for a liquidation of its bankrupt U.S. operations after so far failing to find a buyer or reach a debt restructuring deal with lenders, according to people familiar with the matter. While the situation is still fluid, a shutdown of the U.S. division has become increasingly likely in recent days, said ...

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24 State Attorneys General Sue Over Net Neutrality

Courthouse News reports: The Federal Communications Commission published its official order repealing net neutrality rules in the Federal Register Thursday, prompting New York Attorney General Eric Schneiderman to immediately challenge the repeal along with 23 other attorneys general. FCC Chairman Ajit Pai, a former Verizon attorney appointed by President Donald Trump last year, completed his campaign to repeal the Obama-Era ...

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NYT CEO: Print Newspapers Have Ten More Years

CNBC reports: The newspaper printing presses may have another decade of life in them, New York Times CEO Mark Thompson told CNBC on Monday. “I believe at least 10 years is what we can see in the U.S. for our print products,” Thompson said on “Power Lunch.” He said he’d like to have the print edition “survive and thrive as ...

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Unilever Threatens To Pull Web Ads Over Fake News

CNN reports: Unilever is threatening to pull its advertising from digital platforms that it says have become a “swamp” of fake news, racism, sexism and extremism. The forceful warning to digital platforms such as Google and Facebook will be delivered at an advertising conference in California later on Monday. “We cannot continue to prop up a digital supply chain which ...

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Facebook Tests Long-Demanded “Dislike” Button

The Daily Beast reports: Facebook is testing a “downvote” button with certain users, effectively creating the “dislike” button long predicted by memes and articles since inception of the Like button. The test appeared for several users on Thursday in the comment section of posts within Facebook groups and on old Facebook memories content. Users shared screenshots with The Daily Beast. ...

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