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    <title><![CDATA[Marketnews Latest News]]></title>
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    <pubDate>Wed, 16 May 2012 21:07:41 +0000</pubDate>
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      <title><![CDATA[Wireless Xplosion Now Distributing Contour Design]]></title>
      <link>http://www.marketnews.ca/content/index/page?pid=11471</link>
      <author>Adam Grant</author>
      <guid>http://www.marketnews.ca/content/index/page?pid=11471</guid>
      <description><![CDATA[<p>Wireless Xplosion is now distributing Contour Design iPhone, iPod and iPad cases to the education channel in Canada. Contour manufactures Lucky Brand, Juicy Couture, as well as Jack Spade and Kate Spade branded cases.</p>]]></description>
      <content:encoded><![CDATA[<p>Wireless Xplosion is now distributing Contour Design iPhone, iPod and iPad cases to the education channel in Canada.</p>
<p>Contour manufactures Lucky Brand, Juicy Couture, as well as Jack Spade and Kate Spade branded cases. The company boasts that its collection of cases is both fashionable and functional for mobile device consumers.</p>
<p>"The quality of these brands will win plenty of Canadian customers over and should be a hot item all year long," says Jay Rahman, CEO, Wireless Xplosion.</p>
<p>"Due to the fact that our President and CEO are both Canadian born, we at Contour hold the Canadian market in very high regard," notes Jake Beauchemin, Director of Sales, Contour Design. "We are very excited to announce our partnership with Wireless Xplosion in the Canadian territory."</p>
<p> </p>]]></content:encoded>
      <pubDate>Wed, 16 May 2012 20:11:36 +0000</pubDate>
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      <title><![CDATA[London Drugs Staff Members to Start Carrying iPads]]></title>
      <link>http://www.marketnews.ca/content/index/page?pid=11468</link>
      <author>Adam Grant</author>
      <guid>http://www.marketnews.ca/content/index/page?pid=11468</guid>
      <description><![CDATA[<p>Over the course of the next two weeks, employees within all London Drugs  retail locations will be equipped with iPad. The devices are being  brought in as a way to provide a heightened level of customer service.</p>]]></description>
      <content:encoded><![CDATA[<p>Over the course of the next two weeks, employees within all London Drugs retail locations will be equipped with iPad. The devices are being brought in as a way to provide a heightened level of customer service.</p>
<p>"At London Drugs, we know we have the right prices and highly educated staff in our stores, and so this new ability to see first-hand information at the purchase decision further affirms this superior service commitment to our customers," explains Wynne Powell, President and CEO of London Drugs. "Providing access to open information allows the customer and our staff to engage in a fully knowledgeable discussion about a product, with the aid of online research at their fingertips."</p>
<p>With the in-store tablets, customers will be able check out real-time information on a product, make price comparisons, read third-party reviews and even scan QR codes for item specific information.</p>
<p>Additionally, the retailer has partnered with Bazaarvoice to help leverage consumer generated content by letting shoppers create and share product ratings, provide reviews, plus ask questions and give answers about products, on its Website.</p>
<p>As for the staff, they will be able to use the iPads to further engage with customers through the company's multiple social media channels, including its Urban Lifestyle, Health, Beauty and Nerd blogs, as well as store-specific Twitter, Facebook and Google+ accounts.</p>
<p>The deployment of the iPads to all London Drugs stores will be complete by early June.</p>
<p>London Drugs has offered free Wi-Fi in all of its stores since April 2011.</p>
<p> </p>]]></content:encoded>
      <pubDate>Wed, 16 May 2012 19:26:35 +0000</pubDate>
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      <title><![CDATA[CIBC & Rogers Join Forces for Canada's First Mobile Wallet Offering]]></title>
      <link>http://www.marketnews.ca/content/index/page?pid=11466</link>
      <author>Adam Grant</author>
      <guid>http://www.marketnews.ca/content/index/page?pid=11466</guid>
      <description><![CDATA[<p>CIBC and Rogers Communications Inc. have come together to launch Canada's first joint mobile payment solution. It will allow an individual to pay with his CIBC credit card at checkout counters, through using his...</p>]]></description>
      <content:encoded><![CDATA[<p>CIBC and Rogers Communications Inc. have come together to launch Canada's first joint mobile payment solution. It will allow an individual to pay with his CIBC credit card at checkout counters, through using his Rogers Near Field Communications (NFC) enabled smartphone.</p>
<p>Beginning later this year, this payment method will be able to be put to use at merchant locations that accept contactless credit card payments.</p>
<p>How it'll work, is that Rogers will charge a flat rate to a customer that wants to have his CIBC credentials stored upon his SIM card. Visa and MasterCard CIBC credit card information can be placed on one's card.</p>
<p>This new payment system will be available through select BlackBerry smartphones on the Rogers wireless network. Additional device options will come about following the launch.</p>
<p>On Monday, the Canadian Bankers Association put forth some new guidelines that have essentially cleared the path for mobile payment offerings, like a mobile wallet.</p>]]></content:encoded>
      <pubDate>Wed, 16 May 2012 16:44:50 +0000</pubDate>
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      <title><![CDATA[Apple May Increase the Screen Size of Its Next-Gen iPhone]]></title>
      <link>http://www.marketnews.ca/content/index/page?pid=11465</link>
      <author>Krystal Saunders </author>
      <guid>http://www.marketnews.ca/content/index/page?pid=11465</guid>
      <description><![CDATA[<p>Sources have told The <i>Wall Street Journal</i> (WSJ) that the screen size for Apple's next-generation iPhone may measure at least four inches diagonally.</p>]]></description>
      <content:encoded><![CDATA[<p>Sources have told The <i>Wall Street Journal</i> (WSJ) that the screen size for Apple's next-generation iPhone may measure at least four inches diagonally.</p>
<p>Apple has always kept its iPhone screen size to 3.5 inches since its first model in 2007.</p>
<p>As well, the company has continued with one size for its iPad device. It was reported but <i>WSJ</i> back in February, that Apple was testing out smaller screens for its future iPads. The tablet's current screen size measures 9.7".</p>
<p>The next-generation iPhone is expected to launch later this year.</p>
<p> </p>]]></content:encoded>
      <pubDate>Wed, 16 May 2012 15:51:21 +0000</pubDate>
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      <title><![CDATA[Aaron Sorkin to Write Sony's Steve Jobs Biopic]]></title>
      <link>http://www.marketnews.ca/content/index/page?pid=11464</link>
      <author>Adam Grant</author>
      <guid>http://www.marketnews.ca/content/index/page?pid=11464</guid>
      <description><![CDATA[<p>Sony Pictures has announced that Academy Award winning screenwriter Aaron Sorkin will adapt <i>Steve Jobs</i>, a film that's based upon the biography about the Apple icon, which was written by Walter Isaacson.</p>]]></description>
      <content:encoded><![CDATA[<p>Sony Pictures has announced that Academy Award winning screenwriter Aaron Sorkin will adapt <i>Steve Jobs</i>, a film that's based upon the biography about the Apple icon, which was written by Walter Isaacson.</p>
<p>In 2011, <i>Steve Jobs</i> was the highest-selling hardcover book, as it sold 2,246,569 copies, according to <i>Publisher's Weekly</i>.</p>
<p>Sorkin recently won the Academy Award for Best Adapted Screenplay, for his work on <i>The Social Network</i>. He also wrote the screenplays for <i>Moneyball</i> and <i>A Few Good Men</i>, and created the popular TV drama, <i>The West Wing</i>.</p>
<p>Last month it was revealed that <a href="http://www.marketnews.ca/content/index/page?pid=11217">Ashton Kutcher (<i>Two and a Half Men</i>) will be starring</a> in an independent biopic about Steve Jobs, called <i>Jobs: Get Inspired</i>. This picture will reportedly be released by the fourth quarter.</p>
<p>It hasn't been confirmed who may star as Jobs in the Sony Pictures biopic - suggestions anyone?</p>
<p> </p>]]></content:encoded>
      <pubDate>Wed, 16 May 2012 15:25:02 +0000</pubDate>
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      <title><![CDATA[Nokia Lumia 710 Available Now at Mobilicity]]></title>
      <link>http://www.marketnews.ca/content/index/page?pid=11463</link>
      <author>Adam Grant</author>
      <guid>http://www.marketnews.ca/content/index/page?pid=11463</guid>
      <description><![CDATA[<p>Mobilicity will now be offering its customers the Nokia Lumia 710. This  Windows-powered device is available through the carrier for the  no-contract price of $249.99.</p>]]></description>
      <content:encoded><![CDATA[<p>Mobilicity will now be offering its customers the Nokia Lumia 710. This Windows-powered device is available through the carrier for the no-contract price of $249.99.</p>
<p>The 710 runs on the Windows Phone 7.5 OS, has 512MB program memory, 8GB of internal user memory, as well as a 3.5" touchscreen.</p>
<p>Additionally, the device packs a 5MP camera with auto focus, LED flash, and high-definition 720p video recording capabilities.</p>
<p> </p>]]></content:encoded>
      <pubDate>Wed, 16 May 2012 14:57:55 +0000</pubDate>
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      <title><![CDATA[Sears Canada Reports Troubling Q1 2012 Numbers]]></title>
      <link>http://www.marketnews.ca/content/index/page?pid=11462</link>
      <author>Adam Grant</author>
      <guid>http://www.marketnews.ca/content/index/page?pid=11462</guid>
      <description><![CDATA[<p>Sears Canada has reported its Q1 2012 numbers for the period ended April  28. The total revenue for the period was $915.1 million, compared to  $992.5 million in Q1 2011. This is a 7.8% decrease in revenue,  year-over-year.</p>]]></description>
      <content:encoded><![CDATA[<p>Sears Canada has reported its Q1 2012 numbers for the period ended April 28. The total revenue for the period was $915.1 million, compared to $992.5 million in Q1 2011. This is a 7.8% decrease in revenue, year-over-year.</p>
<p>The retailer's EBITDA (earnings before interest, taxes, depreciation, amortization and non-operating activities) was a loss of $30.1 million. In Q1 2011, Sears reported a 22.3 million loss in this category.</p>
<p>Net earnings for the quarter came in at $93.1 million, versus a net loss of $47 million in Q1 2011. Included in Sears' earnings for Q1 2012 was a gain of $164.3 million, which represents the pre-tax gain on lease terminations of three stores back in March.</p>
<p>Sears went on to explain that its total-week net sales for the quarter were "impacted negatively" by its price rebalancing initiative. It also says that reduction of merchandise in non-strategic categories, lower sales of clearance merchandise and the reduction in catalogue pages and distribution, also had a negative effect on sales.</p>
<p>Last month, <a href="http://www.marketnews.ca/content/index/page?pid=11282">Sears Canada sold Cantrex Group</a> to Nationwide Marketing Group. Cantrex is a buying group for consumer electronics, as well as appliances and furniture and has thousands of independent member retailers.</p>]]></content:encoded>
      <pubDate>Wed, 16 May 2012 14:39:53 +0000</pubDate>
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      <title><![CDATA[Facebook Adding More Shares to its IPO]]></title>
      <link>http://www.marketnews.ca/content/index/page?pid=11461</link>
      <author>Adam Grant</author>
      <guid>http://www.marketnews.ca/content/index/page?pid=11461</guid>
      <description><![CDATA[<p>In a way of feeding the appetite of a surplus of potential investors,  Facebook Inc. (FB) has confirmed that it will be adding nearly 84  million shares to its IPO, bringing the number of shares available to  about 421 million.</p>]]></description>
      <content:encoded><![CDATA[<p>In a way of feeding the appetite of a surplus of potential investors, Facebook Inc. (FB) has confirmed that it will be adding nearly 84 million shares to its IPO, bringing the number of shares available to about 421 million. This could lead to the company raising upwards of US$16 billion.</p>
<p>However, these additional shares will not be sold by Facebook, instead they will be offered by investors like PayPal Co-Founder Peter Thiel, James Beyer of Accel Partners, as well as Tiger Global Management.</p>
<p>By adding these shares, Facebook's Co-Founder Mark Zuckerberg's voting power will go from 57.3% to 55.8%.</p>
<p>Yesterday, FB increased its share prices to US$34-US$38 per share, which would value the company at US$93-US$104 billion.</p>
<p>FB is expected to go public on Friday.</p>
<p>In Photo: Mark Zuckerberg, Co-Founder, Facebook</p>
<p> </p>]]></content:encoded>
      <pubDate>Wed, 16 May 2012 14:20:40 +0000</pubDate>
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      <title><![CDATA[Half of Those Surveyed Believe Facebook is a Fad]]></title>
      <link>http://www.marketnews.ca/content/index/page?pid=11457</link>
      <author>Krystal Saunders </author>
      <guid>http://www.marketnews.ca/content/index/page?pid=11457</guid>
      <description><![CDATA[<p>According to a survey conducted by the Associated Press and CNBC, 50% of those polled believe that Facebook (FB) is a passing fad. In addition, 51% are satisfied with the company, while 23% have a poor opinion of it.</p>]]></description>
      <content:encoded><![CDATA[<p>According to a survey conducted by the Associated Press and CNBC, 50% of those polled believe that Facebook (FB) is a passing fad. In addition, 51% are satisfied with the company, while 23% have a poor opinion of it.</p>
<p>FB has over 900 million users and is preparing for its IPO this week. Half of those polled think FB's initial share price was too high, while only a third believed the value was appropriate.</p>
<p>Today the company changed its S-1 Registration Statement with the Securities and Exchange Commission in order to price its shares between <a href="http://www.marketnews.ca/LatestNewsHeadlines/FacebookIncreasingSharePrices;CouldRaiseMorethanUS$12B.html">US$34 and US$38</a>, an increase from the US$28 to US$35 that FB originally announced.</p>
<p>From those surveyed, half believe FB would make a good investment, while 17% are unsure about how FB will be after going public.</p>
<p>When asked about CEO Mark Zuckerberg, half of those polled were not sure how they felt about him or had not heard of him. Over a third see him in a positive light, while 14% have a critical opinion. Meanwhile, 18% have confidence in his ability to run FB and 49% are somewhat confident in him.</p>
<p>The survey was conducted by phone between May 3 and May 7, and involved 1,004 people.</p>]]></content:encoded>
      <pubDate>Wed, 16 May 2012 13:50:01 +0000</pubDate>
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      <title><![CDATA[Sony and Panasonic May Build OLED Panels Together]]></title>
      <link>http://www.marketnews.ca/content/index/page?pid=11458</link>
      <author>Adam Grant</author>
      <guid>http://www.marketnews.ca/content/index/page?pid=11458</guid>
      <description><![CDATA[<p>It is being reported by the Wall Street Journal that Sony Corp. and  Panasonic Corp. are in talks in regards to potentially team up to  develop OLED TV panels.</p>]]></description>
      <content:encoded><![CDATA[<p>It is being reported by the <i>Wall Street Journal</i> that Sony Corp. and Panasonic Corp. are in talks in regards to potentially team up to develop OLED TV panels.</p>
<p>Unnamed sources told the publication that the companies are currently in the early stages of negotiations, but that a deal isn't imminent. They have also said that the deal could fall apart completely, or eventually include more partners.</p>
<p>Neither Sony nor Panasonic have confirmed that these conversations are taking place.<br />Considering that the manufacturing costs of OLED screens are rather high nowadays, joining forces may be a great way for both companies to increase a kinder financial swing.</p>
<p>Recently, Panasonic reported a US$9.7 billion net loss for 2011, while <a href="http://www.marketnews.ca/content/index/page?pid=11419">Sony reported a US$5.74 billion net loss</a> for the fiscal year ended March 31.</p>
<p><i>In Photo: Kaz Hirai, CEO, Sony Corp.</i></p>
<p> </p>]]></content:encoded>
      <pubDate>Tue, 15 May 2012 19:54:50 +0000</pubDate>
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      <title><![CDATA[WIND Mobile Struggles to Gain Subscribers]]></title>
      <link>http://www.marketnews.ca/content/index/page?pid=11456</link>
      <author>Adam Grant</author>
      <guid>http://www.marketnews.ca/content/index/page?pid=11456</guid>
      <description><![CDATA[<p>Orascom Telecom, the parent company of WIND Mobile, has reported that  the carrier added 12,364 subscribers during its first quarter ended  March 31.</p>]]></description>
      <content:encoded><![CDATA[<p>Orascom Telecom, the parent company of WIND Mobile, has reported that the carrier added 12,364 subscribers during its first quarter ended March 31. This is only a three per cent increase when compared to the subscribers that were added in Q4 2011.</p>
<p>In all, the Q1 2012 results show that WIND had 415,364 total subscribers, which is an increase of 53% year-over-year.</p>
<p>Average revenue per user increased year-over-year from $26.70 to $27.30. This equates to a paltry 2.2% year-over-year increase.</p>
<p><i>In Photo: Anthony Lacavera, Chairman of WIND Mobile</i></p>]]></content:encoded>
      <pubDate>Tue, 15 May 2012 18:00:01 +0000</pubDate>
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      <title><![CDATA[New TVs, Blu-ray Players from Toshiba]]></title>
      <link>http://www.marketnews.ca/content/index/page?pid=11454</link>
      <author>Gordon Brockhouse</author>
      <guid>http://www.marketnews.ca/content/index/page?pid=11454</guid>
      <description><![CDATA[<p> </p>
<p>Toshiba of Canada Ltd. has announced two new series of LED-edgelit LCD televisions and two new Blu-ray players. All new models are 3D-capable and have extensive networking features.</p>
<p> </p>]]></description>
      <content:encoded><![CDATA[<p>Toshiba of Canada Ltd. has announced two new series of LED-edgelit LCD televisions and two new Blu-ray players. All new models are 3D-capable and have extensive networking features.</p>
<p>The L6200 and L7200 series TVs have slim-bezel designs, and employ passive Real 3D technology. To watch 3D content, viewers wear inexpensive polarizing glasses instead of battery-operated active-shutter LCD glasses. TriVector 2D-to-3D conversion lets viewers get a 3D experience with 2D content.</p>
<p>The new TVs have four HDMI ports (three rear, one front) and two USB 2.0 ports (one rear, one front), as well as built-in 802.11 b/g/n Wi-Fi. Built-in networking lets viewers access services like Netflix, YouTube, Facebook and Twitter. There's also a Web browser, allowing access to any Website. A QWERTY wireless keyboard is included, making it easier to enter Web addresses and search terms.</p>
<p>TRAC (Tablet Remote App Capable) technology enables the new TVs to communicate with Android devices. Toshiba's Send&amp;Play app lets views send Web-based content from a tablet to the TV screen. The new TVs also have MediaShare, a DLNA interface that let viewers access videos, music and photos from DLNA-compliant devices on their home network. With the SearchAll function, users can enter keywords to search TV channels, streaming video and the home network for related content.</p>
<p>Available from Future Shop, The Brick, The Source and Toshiba.ca, L6200-series TVs (shown at top of story) feature 120Hz ClearScan video processing. The line includes the 42" 42L6200U ($1,100), 47" 47L6200U ($1,400) and 55" 55L6200U ($1,800).</p>
<p>Available from independent retailers and Toshiba.ca, the L7200 series employ 240Hz ClearScan video processing for improved motion resolution, and have two-way stereo sound system with Audyssey Premium audio processing. There are two models: the 47" 47L7200U ($1,600) and 55" 55L7200U ($2,000).</p>
<p><img src="/upload/ces2012/BDX5300.jpg" alt="BDX5300" width="525" height="85" style="vertical-align: middle; margin: 5px;" /></p>
<p>Toshiba is also introducing two new Blu-ray players with 3D capability. Priced at $120, the BDX4300 is Wi-Fi-ready and DLNA-capable. Its MediaShare function lets viewers access content on other DLNA devices over a home network. The BDX5300 ($150, shown above) has built-in Wi-Fi, as well as apps for accessing Netflix, CinemaNow, YouTube and other online resources.</p>]]></content:encoded>
      <pubDate>Tue, 15 May 2012 16:56:54 +0000</pubDate>
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      <title><![CDATA[Adobe Adds Three New Members to its Board of Directors]]></title>
      <link>http://www.marketnews.ca/content/index/page?pid=11452</link>
      <author>Krystal Saunders </author>
      <guid>http://www.marketnews.ca/content/index/page?pid=11452</guid>
      <description><![CDATA[<p>Adobe Systems Incorporated has announced that Amy Banse, Frank Calderoni and Laura Desmond have been added to its Board of Directors. The board will now have 12 members.</p>]]></description>
      <content:encoded><![CDATA[<p>Adobe Systems Incorporated has announced that Amy Banse, Frank Calderoni and Laura Desmond have been added to its Board of Directors. The board will now have 12 members.</p>
<p>Amy Banse, serves as Managing Director and Head of Funds for Comcast Ventures and Senior Vice President (VP) of Comcast Corporation, a media entertainment and communications company. Banse was previously the president of Comcast Interactive Media (CIM) and was responsible for online tactics and operating digital properties. She joined Comcast in 1991.</p>
<p>Frank Calderoni is the Executive VP and CFO at Cisco, Prior to holding this position, he was the senior VP and CFO at QLogic Corporation. Calderoni also spent 21 years at IBM, as VP and was responsible for many divisions within the company.</p>
<p>Laura Desmond is the Global CEO of Starcom MediaVest Group (SMG) a global marketing service company. She also serves on the Board of Directors of VivaKi.<br /> <br />Adobe is a developer of desktop publishing and application software.</p>]]></content:encoded>
      <pubDate>Tue, 15 May 2012 16:08:10 +0000</pubDate>
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      <title><![CDATA[The Best of Twitter Coming to User Inboxes]]></title>
      <link>http://www.marketnews.ca/content/index/page?pid=11451</link>
      <author>Adam Grant</author>
      <guid>http://www.marketnews.ca/content/index/page?pid=11451</guid>
      <description><![CDATA[<p>Twitter has said that its users will soon be able to discover the "the  best of" the site via a weekly e-mail digest. This newsletter, if you  will, is set to feature the most relevant tweets...</p>]]></description>
      <content:encoded><![CDATA[<p>Twitter has said that its users will soon be able to discover the "the best of" the site via a weekly e-mail digest. This newsletter, if you will, is set to feature the most relevant tweets and stories that are shared by those that one is connected to on Twitter.</p>
<p>Additionally, the e-mail digest will show "the most engaging" tweets viewed by the people a user follows, even if he doesn't directly follow them. The individual can also see who on his network re-tweeted or made these tweets a favourite. He can then choose to re-tweet, favourite, reply, or view these posts by clicking upon the View Details button.</p>
<p>The stories/posts will feature a design similar to the recently updated Discover tab on Twitter. It will emphasize who shared each story and show summaries beneath each. In order to read these fully or offer an opinion by tweeting directly from the e-mail, one just has to click upon the headline.</p>
<p>The Twitter e-mail digest will be rolled out over the next couple of weeks. If a user doesn't want to partake, he can adjust his account preferences accordingly.</p>
<p> </p>]]></content:encoded>
      <pubDate>Tue, 15 May 2012 15:46:19 +0000</pubDate>
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      <title><![CDATA[LG to Show its G2 Google TVs in NY this Week]]></title>
      <link>http://www.marketnews.ca/content/index/page?pid=11450</link>
      <author>Adam Grant</author>
      <guid>http://www.marketnews.ca/content/index/page?pid=11450</guid>
      <description><![CDATA[<p>LG is set to show off its line of G2 Google TV models during Internet Week conference in New York.</p>]]></description>
      <content:encoded><![CDATA[<p>LG is set to show off its line of G2 Google TV models during Internet Week conference in New York.</p>
<p>These smart TVs feature redesigned user interfaces and improved internals to help make the Web-browsing and TV viewing a "smoother" experience. It also has LG's L9 dual-core chipset and quad-core GPU. When the sets ship in the U.S. later this month, they will come with the G2 Magic Remote, which possesses voice and gesture recognition, as well as a QWERTY keyboard.</p>
<p>Since the sets are also able to display 3D content, they will each come with six pairs of passive 3D glasses.</p>
<p>For those who want to be able to get online without having to miss a favourite show, the G2 allows individuals to search the Internet and connect to social networking sites while watching TV.</p>
<p>Upon the U.S. release, a 47" model (US$1,700) and a 55" model (US$2,300) will be available.</p>
<p> </p>]]></content:encoded>
      <pubDate>Tue, 15 May 2012 15:02:06 +0000</pubDate>
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      <title><![CDATA[Visa Payments Now Accepted at Tim Hortons]]></title>
      <link>http://www.marketnews.ca/content/index/page?pid=11449</link>
      <author>Adam Grant</author>
      <guid>http://www.marketnews.ca/content/index/page?pid=11449</guid>
      <description><![CDATA[<p>Visa and Tim Hortons have revealed that as of today, customers can now  pay for their double-doubles, doughnuts and everything else, with Visa  credit and prepaid cards at all of its 3,300 Canadian locations.</p>]]></description>
      <content:encoded><![CDATA[<p>Visa and Tim Hortons have revealed that as of today, customers can now pay for their double-doubles, doughnuts and everything else, with Visa credit and prepaid cards at all of its 3,300 Canadian locations.</p>
<p>Tim Card holders may also use either their Visa or Visa Debit cards to reload their balance online at the Tim Hortons Website.</p>
<p>To celebrate the announcement, Visa is giving Canadians the opportunity to win a cottage getaway for an entire season. Between June 28 and August 15, consumers that use their Visa cards to make purchases at Tim Hortons will be automatically entered into the draw for this prize. More information about said promotion can be found upon the Visa Canada Website.</p>
<p> </p>]]></content:encoded>
      <pubDate>Tue, 15 May 2012 14:39:46 +0000</pubDate>
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      <title><![CDATA[Facebook Increasing Share Prices; Could Raise More than US$12B]]></title>
      <link>http://www.marketnews.ca/content/index/page?pid=11448</link>
      <author>Adam Grant</author>
      <guid>http://www.marketnews.ca/content/index/page?pid=11448</guid>
      <description><![CDATA[<p>Just days ahead of its rumoured going public date of May 18, Facebook  Inc. has increased its IPO offering, in hopes of raising more than US$12  billion.</p>]]></description>
      <content:encoded><![CDATA[<p>Just days ahead of its rumoured going public date of May 18, Facebook Inc. has increased its IPO offering, in hopes of raising more than US$12 billion.</p>
<p>The social networking company will now sell 337.4 million shares at US$34 and $US38 apiece, which will give it a valuation of between US$93 billion and US$104 billion. Facebook originally planned on selling shares at US$28 and US$35 apiece.</p>
<p>Yesterday, the company continued its IPO roadshow and met with potential investors in Chicago. It is poised to visit Kansas City and Denver as well.</p>
<p>It is being reported that Facebook will be closing its books today, officially price its shares on Thursday and begin trading on Friday.</p>
<p> </p>]]></content:encoded>
      <pubDate>Tue, 15 May 2012 14:22:01 +0000</pubDate>
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      <title><![CDATA[Number of Women in U.S. Tech Positions Continues to Lower]]></title>
      <link>http://www.marketnews.ca/content/index/page?pid=11447</link>
      <author>Krystal Saunders </author>
      <guid>http://www.marketnews.ca/content/index/page?pid=11447</guid>
      <description><![CDATA[<p>A report by U.S. British technology outsourcing and recruitment company Harvey Nash Group claims that only nine per cent of U.S Chief Information Officers (CIOs) are female. This is a decrease from 11% in 2011 and 12% in 2010.</p>]]></description>
      <content:encoded><![CDATA[<p>A report by U.S. British technology outsourcing and recruitment company Harvey Nash Group claims that only nine per cent of U.S Chief Information Officers (CIOs) are female. This is a decrease from 11% in 2011 and 12% in 2010.<br /> <br />The report shows that  about 30% of those polled don't have any women in management, at their company. As well, about 50% of respondents believe women to be under-represented in IT departments.<br /> <br />"Less and less women are attracted into that space so you wind up creating a self-fulfilling prophecy," says Anna Frazzetto, Senior Vice President of International Technology Solutions, at Harvey Nash USA. "It's not a very welcoming arena to be in."<br /> <br />This survey was conducted with TelecityGroup. It included 450 U.S. technology leader respondents.</p>]]></content:encoded>
      <pubDate>Tue, 15 May 2012 13:50:01 +0000</pubDate>
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      <title><![CDATA[Foxconn Quashes Apple TV Talk]]></title>
      <link>http://www.marketnews.ca/content/index/page?pid=11446</link>
      <author>Adam Grant</author>
      <guid>http://www.marketnews.ca/content/index/page?pid=11446</guid>
      <description><![CDATA[<p>Last Friday, people were convinced that Foxconn's CEO had confirmed that  his company was on the verge of ramping up manufacturing of Apple TV  sets. Now it's a new week, and Apple's primary manufacturer is denying  that such a revelation was ever made.</p>]]></description>
      <content:encoded><![CDATA[<p>Last Friday, people were convinced that Foxconn's CEO had confirmed that his company was on the verge of ramping up manufacturing of Apple TV sets. Now it's a new week, and Apple's primary manufacturer is denying that such a revelation was ever made.</p>
<p>In a statement, Foxconn notes that when Gou spoke to members of the media at the groundbreaking of his company's new Chinese headquarters, he definitely did not say that Apple TV sets were on the way soon. Furthermore, the company says that any media reports suggesting otherwise, are not accurate.</p>
<p><i>"In remarks at a media briefing during the groundbreaking of Foxconn's new China headquarters in Shanghai on May 10, Terry Gou, Foxconn's Chief Executive Officer, made it very clear that he would neither confirm nor speculate about Foxconn's involvement in the production of any product for any customer because Foxconn's policy is not to comment on any customers or their products," reads the statement. </i></p>
<p><i>"At no time," it continues, "did he confirm that Foxconn was in development or manufacturing stages for any product for any of its customers. He did say that Foxconn is always prepared to meet the manufacturing needs of customers should they determine that they wish to work with Foxconn in the production of any of their products. Any reports that Foxconn confirmed that it is preparing to produce a specific product for any customer is not accurate."</i></p>
<p>Less than two weeks ago, J.P. Morgan analyst Mark Moskowitz <a href="http://www.marketnews.ca/content/index/page?pid=11350">suggested that Apple TVs may not be available until at least 2014</a>. He says that the company would need to first expand its current TV box, build and present TV sets and believe that it could turn a decent profit within the TV market.</p>]]></content:encoded>
      <pubDate>Mon, 14 May 2012 20:55:40 +0000</pubDate>
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      <title><![CDATA[Pebble smartwatch Makes Over US$10M on Kickstarter]]></title>
      <link>http://www.marketnews.ca/content/index/page?pid=11445</link>
      <author>Krystal Saunders </author>
      <guid>http://www.marketnews.ca/content/index/page?pid=11445</guid>
      <description><![CDATA[<p>Allerta, the company behind the Pebble smartwatch has sold 85,000 Pebbles on Kickstarter and raised over US$10 million. It recently set records on Kickstarter by making US$1 million in one day on the site.</p>]]></description>
      <content:encoded><![CDATA[<p>Allerta, the company behind the <a href="http://www.marketnews.ca/content/index/page?pid=11246">Pebble smartwatch</a> has sold 85,000 Pebbles on Kickstarter and raised over US$10 million. It recently set records on Kickstarter by making US$1 million in one day on the site.</p>
<p>The company has stopped the watches from selling on Kickstarter in order to launch the Pebble in September, as planned.</p>
<p>The Pebble is compatible with iOS smartphones and Android devices. It features a 1.26" (144x168) black and white e-paper display with backlight, and also displays text and images in high-resolution.</p>
<p>In addition, the company is working with app and hardware creators like RunKeeper and Twine. It's being reported that Allerta hopes to expand its order capacity in the coming months, once it sures up its manufacturing situation.</p>
<p>Kickstarter, is a Website designed to help products/projects get launched, by reaching its funding goal within a certain time period. Those who make investments for a product/project that flops will not receive their money back. Therefore, an investor must be sure that what he is putting his money towards is going to soon hit the market.</p>]]></content:encoded>
      <pubDate>Mon, 14 May 2012 20:32:58 +0000</pubDate>
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