Abercrombie & Fitch to launch Gilly Hicks, a 'cheeky' lingerie line, in the UK.

Adidas makes big China push.

Amazon launches Amazon Studios, a $2.7 million fund to develop movies.

Apple's Steve Jobs reveals private side in just-released photos.

BMW rejects sales incentives as profits trump volume in US.

Boeing and Airbus waver on reworking small jets. 

BP ignored warning signs in the Gulf of Mexico, according to new report.

Chevrolet promotes Cruze on coffee cup sleeves.Continue reading...

What’s black and white and red in the face?

Since The New York Times ran an expose of the toxic corporate culture at Tribune Co. – owner of the Chicago Tribune, Los Angeles Times and other mega-media brands – Tribune has been falling to pieces.

Of course, Tribune has been attempting to put bankruptcy court behind them since its 2007 acquisition by real estate magnate Sam Zell. But more to the point these days is that Zell’s hand-picked CEO, Randy Michaels, seemed to have established a modus operandi at company headquarters in Chicago that only could be described as ink-stained raunch.

That led to Michaels’ recent departure, as Tribune creditors began to press for a whole new start for the company. And now, there is growing pressure for various Michaels confidants, associates and fellow travelers to leave the company as well.Continue reading...

AT&T drops lawsuit against Verizon over "map" ads. [WSJ]

Lexus introduces a new hybrid car. [WSJ]

How Comcast wooed NBC away from GE. [NY Times]

As Comcast completes NBC deal, it looks to rival ESPN. [NY Times]

Vodafone expands into healthcare industry. [MarketingWeek]

Sam Zell gives up his chief executive title at Tribune. [NY Times]

Twitter co-founder debuts new payment system, Square. [LA Times]

(More headlines: Google property portal, Mattel dolls.)Continue reading...