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UK's Online Grocer Ocado Sued Over Patent Claims

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online grocery retailer Ocado is involved in a patent lawsuit over robotically-operated warehouse technology with robotics company AutoStore , Reuters reported. AutoStore said Ocado has been a customer since 2012 and alleged that Ocado's automatic storage system is based on the ones AutoStore is already using, according to Reuters.

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Online Grocer Ocado Acquires Robotics Companies To Drive Automation

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based online grocery, is heightening its automation drive by acquiring two robotics companies. The robotic pick opportunity in online grocery is of huge value to us and our clients globally,” said Tim Steiner , Ocado CEO. Ocado , a U.K.-based This has meant doubling “the pick and pack speeds” of robotic arms at five sites in the U.K.

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From Online Ordering To Cupcake ATMs: How Sprinkles Prepared For The Pandemic

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Sprinkles , a Beverly Hills, California-based confectioner, was as prepared as a QSR could possibly be for the rush to online ordering, payments, pickup and delivery. Sprinkles adopted online ordering nearly a decade ago for custom cakes and catering. One bakery chain had a leg up when the pandemic changed everything.

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Virginia Sues Online Lender Over Consumer Loans

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Virginia is suing one of the largest online lenders in the U.S. According to the lawsuit, NetCredit provided loans to over 47,000 Virginians going back to 2012. In the newspaper’s story, Attorney General Mark Herring advocated for stronger laws to “protect Virginians from predatory loans, whether issued online or in person.”.

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Online Ad Biz Neared $50B In Early 2018

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A new report from Interactive Advertising Bureau ( IAB ) shows that the online advertising business continues to grow at double-digit rates. percent CAGR from 2012 to 2018. Year over year, social media revenue was up 37.5 percent from HY 2017, and it continues its half-year growth trends — increases are reflected in the 48.2

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New Study Suggests Online Lenders Target Vulnerable Consumers

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The Federal Reserve Bank of Cleveland issued new research on the online lending market showing that borrowers end up in more debt than consumers who don’t utilize this method of borrowing. The researchers used data from TransUnion for the study, pinpointing 90,000 borrowers who took out online loans from 2007 to 2012.

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Sears Offers Online ‘LEASE IT’ Financing Program

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Sears Holdings has announced that it has expanded its leasing program so that customers can easily finance a variety of products, both in-store and online. There is also an online estimator tool to help members estimate their payment with different payment schedules and lease amounts.