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Walmart’s shopping spree continues as its online sales grow faster than Amazon’s

Walmart’s technology investments are starting to pay off — at least a little bit. For the first time in a decade, the mega retailer’s online revenues are growing faster than its archenemy Amazon.com, according to The Wall Street Journal. Global Internet sales at Wal-Mart Stores rose by 30 percent for the year ended Jan. 31, exceeding Amazon’s growth rate of… Read More

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WebMD buys Avado, a health-care technology startup founded by Microsoft vets

Avado, a Redmond-based startup that aims to do for health-care what Mint has done for personal finance, has been acquired by WebMD for an undisclosed sum. The deal was announced this afternoon. Avado, with a dozen employees, was founded in 2010 by Dave Chase, Bassam Saliba and John Yii, serial entrepreneurs and Microsoft veterans. The company’s patient… Read More

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Microsoft spends a mere $75M on acquisitions in fiscal 2011

Microsoft’s 2011 fiscal year, which ended in June, was one of its lightest on record for acquisitions. The company, which has more than $50 billion in cash and short-term investments, spent just $75 million to acquire three entities during the year. Maybe it was saving up for Skype? The numbers don’t include Microsoft’s proposed $8.5 billion acquisition of the… Read More