Posted by Abe Sauer on December 5, 2013 01:49 PM
Apple finally has the China Mobile deal it's been waiting for. Or at least, Apple shareholders finally have an announcement of the China Mobile deal they've been waiting for. (AAPL was up slightly, continuing a six-month steady climb.) With almost no further details, news of the deal does little but fuel speculation.
Oh, but what glorious speculation. New Yorker China correspondent, Evan Osnos, once described reports from China as "seeking refuge, of a kind, in statistics." Could the deal result in 17 million new iPhone users? What about 70 million? Why not a bazillion? And why isn't anyone pointing out that millions of Chinese iPhone users are already on China Mobile?
Since the iPhone-China Mobile deal was just a speck of the imagination, analysts have salivated over putting together the world's most high-profile piece of technology and the world's most populated mobile subscriber base. China Mobile, with its 740 million-plus subscribers, offers an unlimited buffet—with ice cream bar—for speculation. Some predict that the China Mobile deal could add 17 million iPhone subscribers while others shoot for the moon and suggested 70 million. Old hands might recognize the latter prediction from the old 1.3 billion-customers school of China optimism.Continue reading...
Posted by Mark J. Miller on December 5, 2013 12:57 PM
Much like Twitter did a few months ago, the executives of Hilton Worldwide Holdings will be hitting the road this month to butter up investors for what is set to be the largest hotel IPO ever.
Sold to Blackstone Group in 2007 for $26 billion, the global hotel chain—the largest in the world with 4,000 properties—hopes to raise over $2.4 billion in its initial offering to pay off $1.25 billion in debt. 112.8 million shares will be made available for between $18 to $21 each, which would result in a market value of over $19.2 billion, according to Bloomberg.
It would be one of the most high-profile IPOs of the year along with Twitter, which raised $1.82 billion last month. It wouldn’t make it the year’s largest IPO, though, as oil-pipeline company Plains GP Holdings brought in $2.8 billion in October.Continue reading...
Posted by Dale Buss on December 5, 2013 11:45 AM
The new Ford Mustang is here, and for the first time ever, the half-century-old global icon of American-style automotive freedom has a global face. Ford officially launched its streamlined, modernized, sixth generation of the pony car today not only in its hometown of Dearborn, Mich., but also in New York, Los Angeles, Barcelona, Shanghai and Sydney.
On a day when (ironically, or deliberately, or both) cross-town rival GM announced that it was taking Chevrolet out of Europe and therefore diminishing its plans to make Chevy a global brand, Ford made sure that the formal launch of the long-awaited 2015 Mustang was a truly worldwide event.
In a first, the latest Mustang will be sold in Europe despite having remained very much an American project, Bloomberg said. Ford executives have shrugged at the thought of any risks that the car will be a tough sell in markets where it’s never competed.Continue reading...
Posted by Barry Silverstein on December 5, 2013 10:52 AM
Cyber Monday is an opportunity for legitimate online merchants to capitalize on the holiday shopping season—but it's also a time when a slew of websites look to sell consumers counterfeit goods. Online and offline scammers sell about $250 billion of fake brand name items annually in the US alone, with the design and fashion industries particularly hard hit.
This past Cyber Monday, US Immigration and Customs Enforcement (ICE) worked together with European and Hong Kong authorities to seize some 700 websites, 297 of them based in the US, that were selling counterfeit goods. It is the fourth year that such sites have been targeted on Cyber Monday.
ICE Acting Director John Sandweg said, "Working with our international partners on operations like this shows the true global impact of IP [Intellectual Property] crime," in a press release. "Counterfeiters take advantage of the holiday season and sell cheap fakes to unsuspecting consumers everywhere. Consumers need to protect themselves, their families, and their personal financial information from the criminal networks operating these bogus sites."Continue reading...
Posted by Dale Buss on December 5, 2013 09:22 AM
Ford introduces new Mustang today as global vehicle.
Apple and China Mobile sign deal to sell iPhone as Carl Icahn softens stance on Apple's cash.
GM drops Chevrolet from mainstream European market and sells remaining stake in Ally.
AT&T and T-Mobile weigh bids for Verizon wireless spectrum.
Facebook admits organic reach is falling short and urges marketers to buy ads.
Fox says Super Bowl ad inventory is sold out.
FTC is perplexed after native-ad workshop.
General Mills is pouring Cheerios into the Super Bowl.
JCPenney sacrifices profit in volume push.Continue reading...
Posted by Mark J. Miller on December 4, 2013 07:47 PM
Michael Kors and Gwyneth Paltrow have long been pals, and now they’ve paired up in the hopes that their friendship will inspire an exclusive holiday collection of apparel and accessories.
Kors and Paltrow have released three limited-edition pieces on Paltrow’s lifestyle site, GOOP.com, including a cashmere cape that will run you $2,595, a merino peplum sweater and a jazzed-up peacoat. Also available on the site are “accessories hand-picked by the pair from Kors’ existing offerings, including aviator sunglasses and a calf leather tote,” according to the New York Post.
“I thought it would be wonderful to reinvent some of my favorite vintage Michael Kors looks that I have kept for years, that I wear over and over,” said Paltrow.Continue reading...
Posted by Mark J. Miller on December 4, 2013 07:02 PM
If you’re idea of luxury is to get on a plane that has seats that lie flat so you can sleep, United may be your new airline of choice. The airline has just redesigned 15 of its Boeing 757-200s to offer such service along with extra legroom for those flying out of New York’s John F. Kennedy International Airport en route to Los Angeles or San Francisco.
United claims that it’s the first to offer such options on these “Premium Service routes,” Mediapost reports. The spruced-up planes also have “in-flight WiFi along with personal, on-demand entertainment at every seat as well as power outlets and USB ports at every seat.”
"Our investment in these aircraft and in the p.s. service will add greatly to our flyer-friendly customer experience on these coast-to-coast flights," said Jeff Foland, United's executive vice president of marketing, technology and strategy, in a press release. "This is just one more example of the many things we are doing to provide greater onboard comfort and convenience on every United flight."Continue reading...
chew on this
Posted by Dale Buss on December 4, 2013 06:27 PM
Applebee's is following Chili's example and introducing tablet computers to each table in its 1,860 US restaurants. Patrons will still order from and be served their main courses by waiters and waitresses, but the tablets are expected to improve things at the margins of the restaurant experience—where profits are most won and lost.
The 7-inch screens will allow customers to order appetizers and desserts, pay their bills, and even play video games. The tablet gambit is aimed largely at Millennials who are expecting restaurants to offer improved technologies, USA Today said.
The goal isn't to replace human staffers but to free them to focus more fully on serving the table, NRN.com said. Applebee's doesn't currently plan any staff reductions because of the tablet installation.Continue reading...