Spend Matters Afternoon Coffee

- May 23, 2012 10:05 AM
Categories: Afternoon Coffee |

Today’s Afternoon Coffee is brought to you by Brianna Tonner.

Jason gives his opinion on SAP/Ariba in InformationWeek.
SAP Ariba Deal: Not All About Cloud — SAP co-CEO Jim Hagemann Snabe spent a lot of time talking about the promise of cloud-based business networks at last week’s SAPPHIRE event, and now we know why. The company on Tuesday announced its intention to buy Ariba, a cloud-based business-to-business trading network, for $4.3 billion. The deal is expected to close in the third quarter, pending regulatory approval…

As if he wasn’t cool enough…
Apple design chief Jonathan Ive is knighted — Jonathan Ive – the British designer responsible for Apple’s iMac, iPod, iPhone and iPad – has been knighted at Buckingham Palace. The 45-year-old said the investiture in front of the Princess Royal was “really thrilling and particularly humbling”. Now based in the US, Apple’s senior vice-president of industrial design flew in to the UK with his wife and eight-year-old twin sons for the event. He was born in Chingford, east London, and studied at Newcastle Polytechnic. Sir Jonathan had a brief chat with Princess Anne and later revealed they had talked about how often he comes back to the UK while she spoke of her iPad…

Vroom. Vroom.
Next-Gen Mazda MX-5 Miata to Form Basis of Alfa Romeo Roadster — Fiat and Mazda announced a program to work jointly on developing a small, rear-drive roadster. The deal will see Fiat division Alfa Romeo and Mazda co-design a sports car on the platform of the next-generation Mazda MX-5. Although the two cars will share most of their platform components, Alfa and Mazda assert that the two models will have unique styling, and each will have a powertrain from its own manufacturers’ stable. The Mazda version, which will probably continue to be called MX-5, should use one of the company’s new SkyActiv engine and transmission pairings…

Fashion for everyone!
Macy’s extends reach into China — (AP) NEW YORK – Macy’s Inc. (M) said Wednesday that it acquired a stake in the operator of a Chinese online retailer, which will start selling some of the department store chain’s private label merchandise next spring. Macy’s said it had invested $15 million in VIPStore Co., which operates omei.com, a newly established online retailer in China. It declined to disclose how large a stake it got in return…

– Brianna Tonner

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