Posted by Dale Buss on June 11, 2013 09:16 AM
Lululemon CEO steps down.
Mondelez to launch coffee pods for rival Nespresso machine.
Google cuts illegal drug site search ads and videos.
Adidas sued by church over Adizero trademark.
American Airlines unveils post-merger top management team.
Apple allows iTunes Radio users to pay to avoid ads.
Boeing sees no jet bubble.
CBC apologizes for botched national radio rebranding.
Citibank could face $7 billion loss on currency swings, analyst says.
Comcast beefs up in-home Wi-Fi.
Dole Food gets buyout offer from CEO.Continue reading...
Posted by Dale Buss on August 8, 2012 12:59 PM
General Motors is scrutinized daily by thousands of automotive and business journalists as well as investors and U.S.-government policymakers and a whole host of other people, and yet there remains a mystery about exactly why GM CMO Joel Ewanick became persona non grata so abruptly on July 29th. The latest disclosures, via Bloomberg News, paint a picture of a relationship betweeen Ewanick and his CEO that unraveled in part over lack of decorum.Continue reading...
Posted by Dale Buss on August 7, 2012 09:01 AM
AMC tries to enlist consumers in standoff with Dish Network.
Amazon expands use of delivery lockers and expands into social gaming.
American Airlines faces record $162 million in penalties.
Apple plans to pull YouTube app from iPhone and iPad in growing rift with Google as it grills the head of strategy for Samsung in court.
Best Buy founder moves on estranged company.
Chuck E. Cheese starts new campaign aimed at moms.
Coca-Cola deals with kick-out threats from Bolivia.Continue reading...
Posted by Dale Buss on October 28, 2011 04:03 PM
After more than two years of epic travails, of ups and downs worthy of a journey over Scandinavian mountain peaks, Saab may finally have a future again.
Chinese firms Pang Da Automobile Trade Co. and Zhejiang Youngman Lotus Automobile Co. agreed to buy Saab on Friday for 142 million euros (almost US$200M), just hours before a Swedish court was set to rule on attempts to move the company toward liquidation.
The two Chinese companies had been extending financial lifelines to Saab for a while. Recently, Saab CEO Victor Muller also got some help from an American firm, North Street capital, as the Dutch entrepreneur and owner of Spyker cars continued to grope for a long-term solution to Saab's financial nightmare. Suppliers began cutting off credit to Saab in March, and its main factory in Trollhatten, Sweden, hasn't produced a car since spring.Continue reading...
Posted by Dale Buss on October 20, 2011 04:54 PM
Saab's saga of financial disarray has gotten so long and complicated that it has become as thick as one of those classic European novels, perhaps from its homeland of Sweden — or an airport potboiler you pick up to pass the time. But it's not an epic that Saab owners, wanna-be buyers or fans of the tattered Saab brand are enjoying.
Latest chapter: On Thursday, Saab both acknowledged a fresh infusion of capital from a U.S.-based equity partner (hopes rise again as you turn the page) and another move by nasties in Sweden to just halt the whole thing (you're crestfallen once again) and finally send Saab to the trash bin of Nordic automotive history.Continue reading...
Posted by Dale Buss on May 16, 2011 06:00 PM
Never say never, but it looks like Saab finally has located a Chinese financial partner that will allow the venerable Swedish automotive brand a lease on life at least for a year, the Pang Da Automobile Trade group.
After an existential rollercoaster that already has seen Saab dun suppliers, lose credit from them, and idle its factory in Trollhattan, Sweden, Saab chief Victor Muller announced on Monday that his Spyker Cars – owner of the Saab brand after General Motors dumped it last year – has signed a tentative financing and import deal with the largest publicly traded car distributor in China.
Of course, it was just late last week that Spyker was supposed to be talking with Chinese SUV maker Great Wall about a hook-up following the collapse of its previous tentative deal with yet another Chinese vehicle manufacturer, Hawtai Motor Group.
The reason for all this confusion is that the Chinese government is trying to winnow its profligate automotive sector down into six to 10 long-term players that can serve the nation’s booming consumer demand for vehicles and also compete effectively with imported brands that have captured the native population’s fancy — and that really covet the growth dynamics there.Continue reading...
Posted by Dale Buss on May 3, 2011 09:00 AM
AT&T caps customers' broadband usage; plans Groupon competitor.
Audi plans extra shifts to trim waiting time for SUVs.
Chrysler head Marchionne details impact of Japan crisis on output.
Community Health raises hostile bid for Tenet.
Consumer Reports teams with Billshrink to offer service-comparison tools.
Diet Pepsi ads fared best during Royal Wedding telecasts as viewers mostly ignored commercials.Continue reading...
Posted by Dale Buss on November 22, 2010 09:00 AM
Allstate targets college-football road-trippers online.
Boston Market upgrades image.
Conan ratings level off but stay solid.
Dell refocuses brand, stops chasing Apple.
Delta flights suffer mishaps over weekend.
Fox moves American Idol to Wednesday-Thursday slots.
Gap launches in Italy.
GE and IBM lead green social-media efforts.
GM unveils Baojun brand in China.Continue reading...