Apple Watch, Peter Thiel does AMA and the weekly roundup in tech and retail

News and commentaries

No need to remind you that this week’s biggest news is Apple and its new devices, most notably the Apple Watch, which I wrote about in this post: Apple Watch: Nothing new but will still drive the wearables market. To give you a break from all things Apple, how about this Reddit AMA with PayPal co-founder, early-stage Palantir Technologies investor Peter Thiel:

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Read on for this week’s most relevant news in tech and retail:

In Tech:

  1. Apple unveils Apple Watch, “bigger than bigger” iPhone 6, phablet iPhone 6 Plus; launches payments platform Apple Pay; iPhone 6 Plus pre-order sells out in less than a day
  2. US threatened Yahoo with $250,000/day fine in 2008 to force release of user data; new court documents show
  3. Microsoft is rumored to be close to buying indie game Minecraft‘s parent company, Mojang for $2B
  4. Google introduces Cloud Platform for startups, offers $100K in credit; acquires opinion poll service Polar
  5. Payments platform Square reportedly raising $100M round of funding at $6B valuation as mobile payments heat up

In Retail:

  1. Paris-based L’Oreal SA buys Brazilian hair-color maker Niely Cosmetics Group with undisclosed sum; acquisitions this year top $5BLululemon
  2. Twitter public testing of “Buy” button with select partners including Burberry
  3. Earnings reports: Canadian retailer Hudson’s Bay Co. reports fiscal 2nd-quarter sales up 87%; yogawear retailer Lululemon Athletica Inc. reports higher than expected sales and profits for fiscal 2nd-quarter, revenues up by 13%
  4. 4moms, maker of high-tech baby gear, closed $41M in second round of funding
  5. Here’s a great article on the effects of booming e-commerce on UPS‘ bottom line
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