brands under fire
Posted by Dale Buss on April 30, 2013 07:47 PM
To paraphrase the late US Sen. Everett Dirksen of Illinois: "A billion dollars here, a billion dollars there—pretty soon you're talking about real money."
That's why investors, analysts, journalists and CEOs all tend to listen to activist investor Bill Ackman: He can throw around $1 billion at a time, and it is very real money. Right now, for example, he's got a $1 billion short position on Herbalife, betting that the multi-level-marketing company's shares eventually will be worthless.
But for today, at least, there's reason to doubt the acumen of Ackman on Herbalife, a marketer of weight-loss shakes and skin lotions that he has condemned as a pyramid scheme. The company beat analysts' expectations about its quarterly earnings again this week and raised its full-year outlook, as well as celebrated the growing influence of Carl Icahn, an old-school corporate raider who's increased his stake in the company and publicly defended it against nouveau gadfly Ackman.Continue reading...
Posted by Dale Buss on April 30, 2013 09:15 AM
ESPN apologizes for comments by commentator after NBA player announces he's gay.
Honda recalls almost 46,000 Fits in North America.
Chrysler sees profit tumble on poorly executed product launches.
Alibaba and Sina form alliance of China online businesses.
Apple files for new technology that tells whether to text or call friends.
Asos prepares marketing drive to grow global brand.
BP reviews safety after oil leak in North Sea.
Best Buy sells Europe unit back to Carphone Warehouse.
BlackBerry CEO questions future of tablets (which brand doesn't have).Continue reading...
Posted by Dale Buss on February 8, 2013 09:07 AM
Airbus may change battery system in its 350 aircraft to avoid problems faced by Boeing.
American Airlines stands to gain vast route network in looming merger with United Airways.
Apple faces battle over proposed preferred stock.
Michael Bloomberg builds empire in U.K.
Boeing Dreamliner fire was caused by battery short, investigation finds, as Poland's LOT finds bet on the aircraft turning dicey.
Bud Light Platinum presents Justin Timberlake as its new face.
Conan O'Brien and late-night competitors try bigger stunts to hold on to fans.
Daimler sees flat earnings this year as Europe and China mar results.Continue reading...
Posted by Dale Buss on January 18, 2013 09:03 AM
Oprah Winfrey and Discovery's OWN TV channel sets ad premium Lance Armstrong TV confession while his personal brand redemption bid is seen as falling short.
AT&T takes $10 billion pension charge against earnings.
Amazon launches music store for Apple devices.
Ameriprise Financial taps Tommy Lee Jones for encore.
Aston-Martin seeks development partner to build high-end engines.
Boeing grounding of Dreamliner forces airlines to scramble.
Chrysler nears deal to restart in-house financing.Continue reading...
Posted by Dale Buss on January 10, 2013 09:01 AM
AIG decides against joining federal lawsuit.
Boeing tries to defuse fears about Dreamliner.
Yum! Brands apologizes for KFC chicken probe in China.
ArcelorMittal plans to issue stock to cut debt of world's largest steelmaker.
Chrysler sees push from UAW for IPO.
Coca-Cola files claim in China against false fungicide rumors.
Dish Network looks at spectrum as prize in Clearwire gambit as FCC opens doors.
Ford doubles dividend with business humming.Continue reading...
Posted by Dale Buss on May 2, 2012 09:00 AM
Facebook faces doubts by advertisers as it gears up for IPO roadshow.
Lifetime unveils new logo and tagline.
BlackBerry launches "Touch Awesomeness" campaign, test keyboardless version to challenge Apple.
Apple files for touch-based music-sharing patent.
CNN delivers lowest monthly ratings in a decade.
CVS succeeds in grabbing drugstore customers from Walgreens.
Chesapeake Energy board crimps CEO's power.Continue reading...