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Best of the Blogs: Which Smartphone Generates More Website Traffic, Android or iPhone?

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Plus, the next generation of financial professionals will be confronted with fewer job opportunities.

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This column highlights the most interesting and useful business and financial commentary from around the Web each day.

VentureBeat
Link: E-Commerce Optimization Report: Social vs. Search, Mac vs. PC, Safari vs. Chrome

"Over the course of an entire day Monetate's customers, which include 20 percent of the top 500 internet retailers in the U.S., get 3.3 percent of their visits from Android phones, up 85 percent year-over-year, and 5.4 percent of their visits from iPhones, up 117%.

"Interestingly, Android users convert almost 30 percent better than iPhone users."

The Reformed Broker
Link: Wall Street Eats Its Young

"A recurring theme on this blog is the necessary shrinking of the financial services sector in general and the aging decrepitude of the traditional brokerage business firmament. But each year there are less and less financial advisers and brokers at major Wall Street firms and the independent rep model is coming unglued as small firms struggle to stay in business.

"[...] those financial advisors who are surviving this Ice Age tend to be older and grayer - more so every year. The average FA in America is now 49 years old. And that number will likely trend higher in the near future, not lower.

"Why is this happening? It's quite simple, actually: Wall Street Eats Its Young."

The New York Times: DealBook
Link: S.E.C. and Justice Dept. End Mortgage Investigations Into Goldman

"Federal authorities ended two investigations into the actions of Goldman Sachs (GS) during the financial crisis, handing a quiet victory to the bank after years of public scrutiny.

"In a rare statement late Thursday, the Justice Department said there was 'not a viable basis to bring a criminal prosecution' against Goldman or its employees after a Congressional committee asked prosecutors to investigate several mortgage deals at the bank. Federal prosecutors are typically loath to acknowledge the closing of a case, doing so publicly in only a handful of instances over the last several years."

ZDNet
Link: HTC One X Gets Android ICS 4.04, With Jelly Bean Promised

"HTC (2489.TW) has started rolling out an update to HTC One X handsets that brings Android Ice Cream Sandwich 4.04 as well as a tweaked version of the Sense interface to the phone.

"A spokesman for HTC confirmed the rollout would begin on Friday in the UK, but that timings for other regions would vary.

"'The primary update will include an upgrade to Android version 4.0.4 (GOOG) (Ice Cream Sandwich), in addition to an improved Sense experience which will enable the ability to map menu functions to the "recent app" key - improving visual presentation in non-ICS apps like Facebook (FB) - and improve tab management in the browser with a dedicated tab-switching button,' HTC said in a statement."

The Financial Times: BeyondBRICS
Link: Growth and climate change: how emerging markets feel the heat

"High temperatures are hurting crops in Russia and the US alike, raising fears over food prices. But food inflation isn't the only issue that should worry policy makers.

"Rising temperatures across the globe also hurt developing nations' economic growth more than developed countries, according to a new study from the Massachusetts Institute of Technology. For every one-degree centigrade increase in temperature, a poor country can expect economic growth to drop by about 1.3 percentage points. But wealthier nations were found to be far less affected by temperature variations."

The Big Picture
Link: Upside of Wall St. Failures? Nothing

"Just what we needed, another silly article defending yet another Wall St. failure.

"Following Knight Capital's (KCG) $400 million dollar computer trading error, there was a bizarre article in the NYT's Dealbook earlier this week. It tried to make the case that Wall Street's occasional snafus are really no big deal. I want to clarify a point on Knight, and then explain why this Dealbook article is so ridiculous.

"First, about that Knight Capital snafu. They tried to bring a new computer trading technology online, they failed (miserably) to adequately test it and/or anticipate a variety of potential errors. It cost them nearly half a billion dollars. Their stock plummeted 74%. The firm required a lifeline from outside investors, and numerous people were - or will be - sacked."


Twitter: @ChrisWitrak
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