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Foursquare is building out its merchant services by adding a new tool called Local Update that allows businesses to reach loyal customers nearby with news and updates. This is part of an effort to make Foursquare’s business tools valuable enough that merchants will pay for it. Read more »

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Location data provider Skyhook has an update to its mobile SDK for Android that will provide persistant background location tracking with no or negligible impact on battery life. That could be a big help for location-based apps that have suffered because of battery constraints. Read more »

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PayPal liked Card.io so much, it not only used the startup to help it capture credit card images for its PayPal Here product, it is now buying the San Francisco startup. The team will help PayPal build out its digital wallet. Read more »

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Smule, the music app maker behind I am T-Pain, Songify, Glee and LaDiDa, is now venturing into rapping with the release of AutoRap. The app, launching on both iOS and Android, takes spoken words and turns into a polished rap with cool hooks and effects. Read more »

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Socialcam, the popular though sometimes spammy video sharing app, is taking its services to Autodesk, which bought the small startup for $60 million. Autodesk, known for its design software, expects to close the deal in the third quarter is reportedly set on keeping Socialcam independent. Read more »

Marissa Mayer

Yahoo’s drawn-out search for a CEO has taken an unexpected turn with the company stealing away Marissa Mayer, Google’s first female engineer and the head of its location and local services, as its new chief Yahoo. Mayer takes over as president and CEO Tuesday. Read more »

Dalton Caldwell

Dalton Caldwell, the man behind failed startups Imeem and PicPlz, recently ruminated on what Twitter could have been. Now, he’s moving ahead with his own paid alternative called App.net that promises to shun advertising and focus on customer trust. Read more »

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Twilio, a cloud communication platform, is finally offering its most requested feature: global SMS support. Now, developers will be able to enable their apps and services to send and receive SMS text messages from the U.S. and Canada to more than 150 countries around the world. Read more »

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Amazon is getting more serious about gaming on the Kindle Fire with the introduction of GameCircle, a social engagement layer for developers who want to add achievements, leaderboards and cloud syncing to their games. The service is Amazon’s answer to Apple’s Game Center. Read more »

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GroupMe is looking beyond messaging with the introduction of Experiences by GroupMe, a new group event planning service that is launching in New York City. It’s part of GroupMe’s larger plan to influence local spending and get a piece of the local ad and offers market. Read more »

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Paydiant is announcing $12 million in Series B funding led by Stage 1 Ventures, which will go toward the build out of its white-label payment and offers platform for banks and retailers. The company enables banks and merchants to add mobile payment services into existing apps. Read more »

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The next breakout Kickstarter project may emerge outside the U.S. for the first time now that the popular crowd-funding site is preparing to expand overseas. The start-up announced on Twitter that people in the UK will be able to launch projects starting this fall. Read more »

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Kayak, which first filed to go public back in November of 2010, is back on track with its IPO. The company updated its S-1 Monday saying it is looking to raise up to $100.6 million after pricing its IPO between $22 and $25 per share. Read more »

tripl

Social travel startup Tripl, part of the latest DreamIt Ventures NY accelerator class, has built a personalized filtering service that ingests your friends’ Facebook and Foursquare feeds and organizes their travel data into stories on a timeline, so you can see where your friends are visiting. Read more »

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KakaoTalk, a messaging and VoIP app, has been growing at a breakneck pace with 38 million registered accounts in Korea, its home market. In response, the leading carriers have worked to make life difficult for KakaoTalk and similar apps, blocking and throttling service for these apps. Read more »

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Pike Research, in a new report, forecasts the wireless market to triple in size from $4.9 billion in 2012 to $15.1 billion in 2020. And that’s not considering the impact of Apple, which just received a patent for an inductive charging dock late last month. Read more »

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