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Month: February 2015

Packer Shoes & Sneakersnstuff Present Token 38 Alongside an Extensive Collection with Reebok

In honor of NBA All-Star Weekend 2015, seasoned retailers Packer Shoes and Sneakersnstuff have come together for an expansive collection of apparel, footwear, and collector’s items under the title, “Token 38.” The design layout of the Packer/Sneakersnstuff token pays homage to New York’s original subway token, a creative motif seen throughout the collection. Classic Reebok sneakers such as the Shaq Attaq, Kamikaze II, Question Mid and Pump Fury have been reimagined to showcase the culture and vivid color of New York, the host city of this year’s All-Star festivities. In addition to the special shoe colorways, Packer Shoes and Sneakersnstuff have produced apparel (not seen here) including a leather varsity jacket, beanie, crewneck sweatshirt, and unique throwback jerseys through Mitchell Ness. A limited edition, Jason Markk “Token 38″ Mini-Sneakerbox Boutique Kit, and Friends Family Tin Box Set rounds out the strong effort. The collection will be available exclusively at the Token 38 pop-up space located inside the Refinery Hotel. For more information, head over to the microsite here. Token 38 Pop-Up Shop Refinery Hotel 63 W 38th St Article source:...

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Watch One of Paris’ Best Young Chefs Take a Trip to Thailand

Paris and Bangkok are, respectively, two of the finest, most influential cultural institutions in the world – especially when it comes to food. NOWNESS and curator Thomas Erber came together to recruit one of Paris’ best chefs – Septime chef Bertrand Grébaut – for the Cabinet of Curiosity residency series. In this case, the chef was  transported  from his cushy Paris abode to Bangkok, applying his fine dining sensibilities to local ingredients for a 10-day trip. Article source:...

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Zillow Reports Record Q4 Earnings, Will Complete Trulia Acquisition Next Week

Zillow today announced record earnings with revenue of $92.3 million — up 58 percent year-over-year, for a non-GAAP EPS of $0.24. Basic and diluted GAAP EPS came in at a loss of $0.27 per share, mostly due to acquisition-related costs. Analysts expected revenue to come in around $90 million and earnings per share of around $0.28. Despite those mixed results, the stock is up more than 2 percent after hours. “Simply stated, 2014 was a remarkable year for Zillow with record revenue, record mobile usage and record Premier Agent advertiser revenue,” said Zillow CEO Spencer Rascoff. In addition, Zillow today announced that its acquisition of Trulia is expected to close next week on February 17. In July last year, Zillow announced that it would acquire its competitor Trulia for what was then about $3.5 billion in stock. Given that the stock market has changed a bit since then, the acquisition is now valued closer to $1.8 billion. The acquisition was originally scheduled to close around February 1. But by December 2014, Zillow announced that it had pushed the date back to February 15 to satisfy an FTC request for information. The FTC has now closed its investigation, so the acquisition can go ahead as planned. Caledonia Funds — one of Australia’s largest hedge funds — made a very large bet on these two companies recently by acquiring about 20 percent of Zillow and 27...

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Apple Has Hundreds Working On An Electric Car Design, Says WSJ

Apple is indeed working on a car, according to the Wall Street Journal. The Mac maker kicked off a top-secret project tasked with developing an electric car with a minivan aesthetic, per the WSJ’s sources, after CEO Tim Cook approved the project nearly a year ago. It includes “hundreds” of staffers and is led by Ford Motor vet and Apple VP Steve Zadesky, and it includes research into battery tech, robotics and metal production, according to the paper. The report comes hot on the heels of a Financial Times story confirming Apple RD efforts around car tech, and goes further than either that report or an earlier one from Business Insider wherein an Apple employee reportedly confirmed some kind of car-focused project. As I wrote earlier, it makes perfect logical sense that Apple would focus some effort on this area, given the direction in which the tech industry in general is headed. Apple has allotted for as many as 1,000 people to work on the project, according to the newest report, and the team includes former Mercedez-Benz head of RD Johann Jungwirth. The fact that Apple’s target in this case is an electric vehicle means earlier reports that it is seeking employees from Tesla (at the same time as Tesla is attempting to poach employees from Cupertino) make a lot of sense. The WSJ, like the FT, reports that...

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China’s Top Two Taxi-Hailing Services Confirm That They Will Merge

The spirit of Saint Valentine’s Day is in full effect in China’s taxi app space today after the country’s two biggest players — Kuaidi Dache and Didi Dache — confirmed that they will merge. Media reports of a possible alliance surfaced late this week. Xinhua — China’s state-run news service — reported that the companies will retain their respective branding and businesses after the merger. Neither side has disclosed the price of the deal, but analysts estimate the value of the combined entity at around $6 billion. That’s because both services are believed to account for more than 95 percent of the taxi-hailing app market in China, which is estimated at 150 million monthly users. Yet, despite their dominance, the two are coming together to end a war of attrition which has seen each side make financial concessions and cut their fees to lure taxi drivers to their platform. In short, fighting each other was bad for business — pulling in the same direction makes more sense. The alliance may also help weather future government regulation which, for now, has not cut into either business. The duo aren’t short of backers. Kuaidi Dache and Didi Dache are backed by two of China’s most prominent internet companies, fierce rivals Alibaba and Tencent respectively, and both have raised significant amounts of capital. Didi Dache closed a $700 million funding round in December of last year, while Kuaidi Dache pulled in $600...

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