Apple profit rises 94% on global iPhone demand, while iPhone also boosts Sprint.

Benetton founder hands reins to son.

bmi airline future hangs in the balance.

BMW stretches 3-Series for China.

Burger King makes commitment to animal welfare standards, expands Whopper Bar in Canada.

Citigroup takes over ATP World Tour tennis sponsorship from Legg Mason.

Facebook may be developing a smartphone with HTC.

Ford faces UK strike action.Continue reading...

NBC Universal announces global rebranding effort, shorts expansion projections. [FT]

Bank of America to name emergency CEO this week. [WSJ]

Apple resigns membership in US Chamber of Commerce over climate legislation, following Nike and J&J. [WSJ]

Two Chrysler executives exit abruptly after 4 months on the job. [FT]

BSkyB rebrands to overtake BBC, become the "most loved and respected" news source. [FT]

Ford set to sell "stalled" Volvo, focus on namesake brand. [Bloomberg]

Microsoft unveils new cellphone operating system, Windows Mobile 6.5. [NY Times]

Toyota faces potential US import ban amidst patent-infringement investigation. [Bloomberg]

(More headlines: Brand USA, Gourmet mourned, Legg Mason rebrands.)Continue reading...