The intellectual property of the RadioShack brand has been sold to an affiliate of one of its creditors, Kensington Capital Holdings, after the company submitted a $15 million bid. The affiliate loaned RadioShack $23 million about two years ago, after the company went through its first bankruptcy, and it's expected that the brand will be licensed to General Wireless.
JPMorgan's Chase Pay service will get a boost from the bank's new partnership with PayPal. The deal extends the reach of the Chase mobile wallet while leaving in place a competitive element.
Responding to a consumer group's complaint, the Federal Trade Commission is examining Amazon's truthfulness in discounting as part of the agency's review of Amazon's acquisition of Whole Foods. Consumer Watchdog says its analysis found discrepancies between Amazon's reference prices and the prices items had sold for in the previous 90 days.
Intel has reportedly ended efforts in its Basis smartwatch business segment, dissolving it as of two weeks ago. The company's New Technologies Group, which was previously developing wearables, will now focus on augmented reality, a source said.
A recent patent application submitted by Apple appears to indicate that the company is working on developing a Siri docking station for in-home use. While Apple has not confirmed this, its patent application describes the device as a "[s]mart dock for activating a voice recognition mode of a portable electronic device."
Optional Echo features called "Alexa calling and messaging" and "Drop in" could be giving away user information, writes Kashmir Hill. However, the company added an optional blocking feature last month that helped to resolve this issue, Hill writes.
A Facebook patent application suggests the company may get into the business of hardware with a modular device that can incorporate a speaker, microphone, touch display and GPS. It's part of the social network's Building 8 research, which currently focuses on machine learning and camera technology.
Facebook has partnered with Nielsen to give publishers an analytics tool to help them measure the efficacy of their Instant Articles versus other content on the platform. Also, Facebook announced that it will start testing a paywall for Instant Articles in October, giving publishers the capability to sell subscriptions directly on the platform.
Best Buy is bringing back actor Adam Devine in spots aimed at wooing students heading off to college with humorous takes on topics like asking mom and dad for money. Back-to-college shopping is on track to grow 10% to $54.1 billion this year, according to an NRF survey, and electronics will be the biggest category with $12.8 billion in spending.
Bixby, Samsung's voice assistant, launched in the US on Wednesday after delays due to trouble with syntax and grammar. A Korean version of the assistant has been available for several months, while a pilot English program was released in the US last month.