Weekly roundup in tech and retail

News and commentaries

Here’s what you need to know this week in tech and retail.

In Tech:

  1. Apple plays catch-up against competitors in its WWDC 2014 announcements: fully integrated iCloud Drive, home automation HomeKit, hands-free Siri, fitness tracker HealthKit, calling via iMessage on the Mac and even a new programming language, Swift
  2. There is another OpenSSL bug that could be bigger than Heartbleed
  3. Amazon is rumored to launch a 3D smartphone on June 18 in Seattle
  4. Google calls for more email security, releases the source code for email encryption browser plugin dubbed End-to-End
  5. If you were still uncertain about what net neutrality is, John Oliver‘s rant could finally enlighten you; FCC gets flooded with 22,000 comments

In Retail:

  1. UK online retailer ASOS sheds £1.2B off its market value as company misses full-year profit forecasts by 30%
  2. J. Crew Group reports a first quarter net loss of $30.1M, down from last year’s first quarter net income of $29.3M
  3. Prada‘s first quarter net income fell 24% to $144M, share price drops 6.9%
  4. China e-commerce giant Alibaba buys 50% stake on a soccer team, the Guangzhou Evergrande
  5. Diane von Furstenberg designs for Google Glass; unveils collection at the runway for Resort 2015

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