Tuesday, October 28, 2014

TechFlash: Jody Allen leaves Vulcan; Apple plus Alibaba a threat to Amazon

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Vulcan CEO Jody Allen steps down amid controversy

Vulcan CEO Jody Allen sent a note to staff this week announcing she was taking a sabbatical from the organization. It is unclear when she plans to return.

Alibaba plus Apple could be the biggest threat for Amazon yet

Alibaba and Apple are interested in teaming up on financial payments, spelling trouble for Amazon.

Intellectual Ventures 'places a bet' on Seattle wearables startup

REFLX CEO Jose Torres hopes a new partnership between his wearable tech company and one of the biggest owners of U.S. patents will help with growth and resources.

Seattle Times: FBI crossed the line when it created fake news story

In 2007, the FBI created a fake Seattle Times web page and fake AP story to try to catch a bomb-threat suspect who was threatening to blow up a Washington state school.

Asian market grows as two more airlines commit to buy Boeing planes

Two Chinese airlines committed to ordering Boeing's planes last week. Boeing orders by airlines from the Asia Pacific region are up 30 percent.

Get a life: 10 TechFlash Cup founders on balancing work and home

The average American works 47 hours per week, according to a Gallup Poll. But more than 39 percent of full-time workers log more hours than that. Entrepreneurs fall into the latter category. Forbes reports that to be a successful startup founder, a 70-hour workweek may be more realistic. But is it really necessary to commit way more than half of waking hours – assuming an entrepreneur sleeps a regular 8-hours each night – to a startup.

Real estate network sues Zillow, claims the company stole trade secrets

Top Agent Network alleges Zillow stole trade secrets and used them for its "Coming Soon" feature.

Portland-based Alta Bicycle Share, operator of Seattle's Pronto Cycle Share, sold to New York firm

A New York venture is buying Alta Bicycle Share and will consolidate its headquarters in the Big Apple but the deal confirmed today won't affect the parent business, Alta Planning + Design.

Cray gets $128M British contract, second-largest ever

​Cray Inc. said it's received a $128 million contract for its supercomputers to provide weather information for the Met Office in the United Kingdom, the biggest contract it's received outside the U.S.

Amazon to build $75M distribution center in Illinois

​Amazon.com Inc. said it will build a new $75 million distribution center in Illinois that will open next year.

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