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Sunday June 3, 2012

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High-Frequency Traders’ Sights Set on Microwave Dishes

June 3, 2012 at 2:03 pm

Trading firms are racing to build groups of microwave dishes to generate higher-speed links between financial markets in Chicago and NY, as reported by The Wall Street Journal. A majority of telecom traffic will have to travel between these regions, [Full Story…]

NYTimes Queens Subscribers Get Rejected Because of Hyphens

NYTimes Queens Subscribers Get Rejected Because of Hyphens

The New York Times has kept its print business going, despite other newspaper businesses converting to full digital. However, according to the MediaPost, The Times' website is rejecting addresses that contain hyphens, which are very common in Queens, NY. When the site rejects a hyphenated address, [Full Story…]

HopStop’s Transit Success

HopStop’s Transit Success

Chinedu Echeruo came up with the idea for HopStop after he got lost on the way to a business meeting in NY. The website provides public transit directions in an easy to understand format and was launched in 2005. Recently, HopStop created a carbon-emissions calculator that shows users the greenest [Full Story…]

Viacom Goes All Out For Social TV Interactions at MTV Movie Awards

Viacom Goes All Out For Social TV Interactions at MTV Movie Awards

Viacom has announced that this year's MTV Movie Awards , airing tomorrow, will feature a multi-screen experience. Digiday reported that Viacom intends to use a co-viewing experience called "All Access Live" which lets fans interact socially and view more content on their mobile, tablets, and other [Full Story…]

Gaming Start Up Plyfe Makes a Name For Itself

Gaming Start Up Plyfe Makes a Name For Itself

NYers Jelani Roy and Mateen Aini launched gaming startup Plyfe launched in March of this year, and it is growing fast. According to Bloomberg Businessweek, the startup creates a variety of games that award players with cool prizes, like trips and gadgets. The games are created for specific [Full Story…]

NY Email Company Looks to Keep Employees Happy

NY Email Company Looks to Keep Employees Happy

Return Path, a NY-based email security start up created by Matt Blumberg, has made a name for itself with an annual turnover rate of just 1%, according to Crain's New York Business. In 2003, the company bought Assurance Systems, which had a service that made sure companies' emails didn't get blocked [Full Story…]

The Epic Rise of The Huffington Post

The Epic Rise of The Huffington Post

The origins of the now famous Huffington Post began at a lunch in 2003 between AOL's Kenneth Lerer and author and sociologist Duncan Watts. The two met to discuss Watts' book, and left with the beginnings of the Huff Post.  The Columbia  Journalism Review recently gave its own take on Watts' [Full Story…]

New Jersey Internet Gambling Bill Does Not Go to Vote

New Jersey Internet Gambling Bill Does Not Go to Vote

New Jersey State Senator Raymond Lesniak proposed Internet gambling bill was not voted on this Thursday in the State Senate, as he had hoped. The bill, which would support Internet gambling, will not likely be voted on until the fall of this year according to Poker News. Governor Chris Christie  [Full Story…]

Facebook Posts Result in Bklyn Gang Arrests

Facebook Posts Result in Bklyn Gang Arrests

NYPD and the Brooklyn District Attorney's office announced this week the arrest of 14 members of a violent, burglarizing Crown Heights gang, the "Brower Boys." According to Gothamist, the gang broke into homes between March and April of this year, stealing electronic equipment and then later pawning [Full Story…]

New App Helps Users Book NY Sedans and Taxis

New App Helps Users Book NY Sedans and Taxis

Sedan Magic, an app that allows users to book sedans and taxis from their phones, was released in NY recently. The app can be used to order cars on-demand or in advance. According to The Next Web, RideCharge, Inc., Sedan Magic's parent company, works with established groups of taxis and sedans. [Full Story…]

Zimbio Inc. Uses New Funds to Open NY Office

Zimbio Inc. Uses New Funds to Open NY Office

Zimbio Inc., a website for entertainment and fashion, received $8.9 million in second-round financing earlier this month, according to The New York Post, and has been putting this money to use. The company is opening its first NY office for StyleBistro.com, and hiring up to six more [Full Story…]

Can CornellNYC and NYU PolyTech Fill Need for NY Engineers?

Can CornellNYC and NYU PolyTech Fill Need for NY Engineers?

Last week's announcement by Google to house students of CornellNYC Tech earned a positive reaction from the city. According to Crain's New York Business, this reaction is an indicator for how much demand for engineers  exsists in NY. The lack of available techie skill has been deterring [Full Story…]

Etsy Encounters Issues with “Handmade” Items

Etsy Encounters Issues with “Handmade” Items

Brooklyn-based website Etsy is celebrating its seven-year anniversary next month. The website, according to BetaBeat has more than 875,000 virtual shops and new ones that appear every day. The company recently announced a $40 million round of funding, which totals outside investment at $90 million, [Full Story…]

Google Takes on Local With Zagat Reviews

Google Takes on Local With Zagat Reviews

On Wednesday, Google put last year's acquisition of NY-based Zagat ($125 million) to work by introducing  Zagat's restaurant review content to its Google+ social network. According to Yahoo News, the feature is a search engine that takes on services like Yelp, as the Google+ page received a new [Full Story…]

Groupon Buys NY Based Startup Breadcrumb

Groupon Buys NY Based Startup Breadcrumb

This week Groupon acquired Breadcrumb, a NY-based point of sale startup that works with restaurants and hospitality companies. The amount of the deal was not released, but according to Reuters, Groupon's VP of mobile, Mihir Shah, wrote that the company is excited to help “build affordable and [Full Story…]

Advertise on NY Convergence via LocalVox

Advertise on NY Convergence via LocalVox

NY Convergence has joined Local Vox Media, which creates long term engagement for local NY businesses by helping them to market themselves online across the web via email, social media, directories and search. Businesses interested in advertising on NY Convergence and reaching its audience of tens [Full Story…]