Online store merger prods luxury goods makers toward Internet

By Astrid Wendlandt and Pascale Denis PARIS (Reuters) – The merger of the world's two biggest online fashion stores, Net-a-Porter (NAP) and Yoox, sends a warning to luxury brands to embrace the Internet with more vim after years of resistance. “It looks like they are scared to try things out.” Sharma said many brands' websites mimicked the appearance of Net-a-Porter's black-and-white portal.

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As Amazon parties on, some large fund managers take their leave

The average large-cap fund that holds Amazon has 1.4 percent of its assets in the stock, down 23 percent from this time last year, according to the latest available Lipper data. They include such well-known names as Fidelity Contrafund, Washington Mutual Investors Fund, Touchstone Sands Select Growth fund and the T.

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Facebook revenue growth slows, costs weigh on profit

(Reuters) – Facebook Inc posted its slowest growth in quarterly revenue in two years and higher spending on research and development ate into profits. Facebook has warned of heavy investments in 2015 as it steps up efforts to expand a collection of products that include messaging service WhatsApp, photo-sharing service Instagram and virtual reality headset maker Oculus Rift

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