Weekly roundup in tech and retail

News and commentaries

Here are the most relevant news this week in tech and retail.

In Tech:

  1. Google surpasses Apple as the world’s most valuable brand, increasing by 40% to $159B
  2. Oculus Rift, set to be acquired by Facebook for $2B, is sued by ZeniMax for its headset technology
  3. eBay was hit with a massive security breach, will be investigated by US Attorneys General in Florida, Connecticut and Illinois
  4. Google Fiber stands behind Netflix; will not charge for “fast lanes” in online content delivery
  5. In a reversal of a former policy, Facebook changes default privacy settings of posts for new users to “Friends only” instead of “Public”

In Retail:

  1. India’s biggest ecommerce company, Flipkart acquires e-retailer Myntra for $300M
  2. Chinese e-commerce company JD.com raises $1.8B from its Nasdaq IPO
  3. Burberry annual profits beats estimates at 8% increase to £461M; new CEO Christopher Bailey stresses a focus on its beauty unit
  4. Altuzzara partners with Target for a limited edition collection on Sept. 14, 2014
  5. British contemporary fashion label Whistles launches in the US via Bloomingdale’s in New York

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