Adobe drops Flash for phones in bow to Apple.

Airbus delays A350 plane or parts shortages.

Caterpillar buys Chinese mining-machine maker.

Google chief returns to trim bloated ship.

Groupon holds on to cash, griping merchants.

J.C. Penney taps into talent from Apple.

James Murdoch insists he wasn't told about hacking evidence at News Corp.'s News of the World.Continue reading...

If bid for NBC is successful, Comcast could rival ESPN. [WSJ]

Bank of America will hand over legal documents from Merrill purchase. [WSJ]

China drives German automaker sales. [FT]

Embarrassed T-Mobile discontinues Sidekick sales after consumers lose data. [WSJ]

Music industry moves to web, combining branded content, advertising for revenue. [BrandWeek]

Ad campaigns market the promise of America. [NY Times]

Disney to rebrand stores as an "experience," may open Times Square flagship. [NY Times]

(More headlines: NBC's mom site, mags' new revenue sources.)Continue reading...