Ford joins European car-sharing sector as demand surges.

KKR lands former general David Petraeus for private-equity firm.

Nasdaq to pay $10 million fine for botched Facebook IPO.

Airbus and Boeing split a $17-million widebody-jet purchase by Singapore Airlines.

Apple shifts supply chain away from Foxconn to Pegatron.

Associated Press and New York Times resist meeting with US Attorney General Eric Holder on leaks investigations.

BMW will recruit trainees from Spain's pool of young jobless.

Carnival Cruise Line launches ad-agency review.Continue reading...

Disney sees higher TV ad revenues drive quarter and considers ESPN exit from U.K. sports coverage.

Dell seeks to transform brand, going private in $24 billion buyout under founder Michael Dell, as Microsoft gambles on involvement.

U.S. Postal Service plans to cut Saturday mail as Hallmark fights the cuts.

Apple loses right to iPhone brand in Brazil.

Arby's launches "fan of the week" promo via Facebook.

Lance Armstrong reportedly under investigation for obstruction and other serious crimes.

BP is hit by new $34 billion claim from U.S. state governments over Gulf spill.Continue reading...

Unable to find a fit with a partner in an industry where technology has outstripped its traditional role, NYSE Euronext — headquartered in Wall Street's New York Stock Exchange building — has agreed to an $8.2-billion acquisition by an Atlanta-based commodity-trading outfit, InterContinental Exchange (ICE).

The deal would create a derivatives giant, as Reuters noted. It also gives a 12-year-old startup control of the most iconic symbol of U.S. capitalism, with a two-century history of serving as the very hub of company-building. While the exchange still features traders squawking in bright-colored jackets to make orders, digital technology and the rise of private trading venues have made it less and less relevant.

NYSE, which refreshed its branding earlier this year, handles only about 20 percent of equities traded in the United States on a given day, an expert told the U.K.'s Guardian, down from a peak of 60 percent to 70 percent.Continue reading...

A snapshot of how Hurricane Sandy is impacting the U.S. today, as states shut down transit systems and schools, and many businesses are closed or letting employees work from home as the northeast is in lockdown mode: 

• An estimated 7,500 flights have been cancelled
• Chase and Citibank are waiving fees for customers in Sandy's path
• Google cancelled NYC Nexus launch event
• YouTube is live-streaming the Weather Channel's coverage
• Insurance industry braces for (potentially) billions of dollars in losses
• NFL and other sports impacted
• NYSE and NASDAQ cease trading as European stocks hit by knock-on
• New York Broadway shows and other performances go dark
• Oil prices are falling as gasoline climbs
• Starbucks has closed locations
• HMS Bounty movie ship sinks, as crew rescued by Coast Guard (update: two still missing)

US Eastern Seaboard braces for Hurricane Sandy, as NYSE (for first time since 9/11) and NASDAQ halt trading on Monday and thousands of flights are cancelled.

San Francisco Giants beat Detroit Tigers to win baseball's World Series.

GM tests magnesium to produce lighter cars.

NBC wins Premier League broadcast rights.

Toyota misfires with Chinese buyers.

Apple masters art of planned obsolescence, while Steve Jobs' yacht finally revealed.

EDF Energy in UK raising prices 10.8%.

IBM reports nanotube chip breakthrough.

McDonald's leans more on Dollar Menu.

News Corp. bids for Penguin books, owned by Pearson.

Univision to launch UVideos digital network spin-off.

Vodafone restructuring to result in "massive" job losses.

& British police arrest pop star Gary Glitter as more arrests are expected in Jimmy Savile scandal.

A major part of the logic behind the split-up of Kraft into snacks go-getter (and naming-challenged) Mondelēz International and its more tired North American grocery business is to create a "global snacking powerhouse" — and spur growth in the latter enterprise.

As Forbes noted, Kraft is moving from the New York Stock Exchange to NASDAQ with the move to spin off its North American business and rebrand its corporate parent: "Kraft is keeping its faster-growing global snacks business into a new company named Mondelēz International, ticker MDLZ, while its spun-off North American grocery business will keep the Kraft Foods name but trade under ticker KRFT. Both stocks will list on the Nasdaq when the breakup is complete, and the KFT symbol will be retired."

Now that Kraft Foods Group can begin selling shares with its own listing as an independent company after the market's close on Oct. 1st, it's time for Kraft to fulfill investor expectations as Mondelēz (which will debut on Oct. 3rd, with a defiant macron over its final 'ē') is considered to be the higher growth stock.Continue reading...

Apple pays $60M to end iPad trademark dispute in China, looks to secure ipad3.com domain.

Barclays scandal forces out chairman, saying "the buck stops with me."

Bristol-Myers agrees to buy Amylin Pharmaceuticals for $5B in cash, expands diabetes alliance.

Rupert Murdoch will rebrand the Wall Street Journal as WSJ as part of News Corp. split.

AMC parent ends AT&T U-verse TV dispute with long-term agreement, as Dish feud continues.

Applebee's rolls out fresh menu, look and campaign.Continue reading...

AB InBev closes in on buying remainder of Mexico's Grupo Modelo for more than $12 billion.

Apple adds Yelp check-ins to iPhone maps app, sees Motorola Mobility patent case shut down by federal judge and retail workers described by NYT as "loyal but short on pay."

Best Buy tries to regain edge before back-to-school season.

BlackBerry owner RIM reportedly considers a plan to split its company in two.

Cadillac surprises with integration of Apple's Siri voice.

Carl's Jr. and Hardee's set Spider-Man movie tie-in.

Dewar's announces three-year partnership with TED.

Dairy Queen gripes about New York menu restrictions as it enters the city.Continue reading...