Posted by Dale Buss on September 4, 2013 03:51 PM
If you're going to trade punches with Uncle Sam, you'd better be able to pack a wallop. It isn't clear yet if Standard & Poor's Ratings Services will prove to bring a haymaker in its new action against the federal government, but it clearly is engaged in a heavyweight fight.
To wit: S&P has sued the government because the feds filed a $5 billion lawsuit against S&P in what S&P is calling "retaliation" for the company's downgrade of America's debt in 2011. The United States had accused S&P of misrepresenting its rating process in the years before the financial crisis to federally insured banks and credit unions that were buying debt, a charge that S&P has called "meritless."
Now S&P, a unit of McGraw-Hill Cos., alleges that the governent's suit amounts to an attempt to breach free speech, which a Justice Department spokeswoman called a "preposterous" charge, according to the Wall Street Journal. So the sides can be considered even in their "well-I-never" rhetoric.Continue reading...
Posted by Dale Buss on February 5, 2013 09:01 AM
Barclays CEO vows to improve bank's ethics as company sets aside $1.6 billion for legal costs following exec shake-up.
S&P and McGraw-Hill sued by U.S. over controversial mortgage bond ratings.
KFC parent Yum! Brands suffers after China scandal.
Applebee's sees social media firestorm after employee posted customer receipt online.
AT&T introduces $1 mobile hotspot (with contract).
Axe broadens men's grooming portfolio.
Amazon and Samsung unseat Apple in customer engagement ranking.
Boeing finds experts stumped over Dreamliner's faulty batteries.Continue reading...
in the spotlight
Posted by Sheila Shayon on January 19, 2012 05:11 PM
When invitations to Apple’s education press conference in New York went out last week, rumors spread quickly of a "Garageband for e-books," something Steve Jobs was reportedly working on before his death last October.
No more note-passing in class, kids, as Apple today announced its digital education platform. Specifically, it's launching iBooks 2 for iPad ($15 textbooks for the iPad), an expanded iTunes U app for K-12 schools, and a custom e-book authoring platform called iBooks Author.
"Education is deep in Apple's DNA and iPad may be our most exciting education product yet. With 1.5 million iPads already in use in education institutions, including over 1,000 one-to-one deployments, iPad is rapidly being adopted by schools across the US and around the world," said Philip Schiller, Apple's SVP Worldwide Marketing. "Now with iBooks 2 for iPad, students have a more dynamic, engaging and truly interactive way to read and learn, using the device they already love."Continue reading...
Posted by Shirley Brady on September 12, 2011 06:35 PM
Al Gore prepares 24-hour global warming Climate Reality live-stream event.
Angry Birds spurs 1M t-shirts and 1M plush toy sales per month for Rovio.
AT&T will use plant-based packaging for accessories as Coca-Cola's PlantBottle arrives on UK shelves.
Bank of America announces 30,000 job cuts.
Boston Globe newspaper puts up online paywall.
British American Tobacco gears up for legal battle vs. the Australian government.
Broadcom bets on web traffic for mobile with $3.7 billion NetLogic deal.
Glenn Beck says his new TV network is "not for slugs."
Google - just another ad company?
Groupon sued by its own employees.Continue reading...
Posted by Dale Buss on September 12, 2011 08:57 AM
America and the world grieve and reflect on tenth anniversary of 9/11 on Sunday.
Amazon gets one-year sales-tax reprieve from California legislature; displaces Apple in brand loyalty survey; and may be working on a Netflix for books.
AOL and Yahoo struggle for identity.
AT&T revamps stores for tablet push.
Coca-Cola brings PlantBottle packaging to the UK.
Facebook, Skype and YouTube head "breakaway brands" report.Continue reading...
Posted by Dale Buss on August 22, 2011 06:12 PM
Cerberus walks away from deal to buy Innkeepers.
Ford and Toyota team up on hybrid development.
McGraw-Hill shareholders pressing for breakup.
Verifone may deploy $1 billion annually for acquisitions.
& gold prices go so high they're "parabolic."
Posted by Dale Buss on August 17, 2011 06:00 PM
AOL remains confident in its makeover.
Bloomberg gets maternal-bias suit dismissed.
Boeing ends flight tests of 787 and nears approval.
General Motors trims pickup-truck production.
Kodak launches its long-awaited sale of patents.
McGraw-Hill ponders separating education unit.
Roche gets approval of drug targeted at melanoma.
Toyota should get big lift from new 2012 Yaris subcompact.
Volvo sees global uplift to sales.
Posted by Dale Buss on August 2, 2011 09:00 AM
With financial markets seeming to have moved beyond the debate, the federal debt bill gets House passage, including an emotional appearance by Gabrielle Giffords, and awaits Senate action today, as economic effects are gauged and Washington, D.C., begins to examine the deal in post-mortems.
Apple releases iCloud pricing and developer specs.
BMW outshines Audi as 5 Series sales boost profits.
Cracker Barrel promotes Sandra Cohen to CEO.
Ford and Volkswagen build online loyalty in the U.K.
GM pilots OnStar feature that helps keep better track of teen drivers.Continue reading...