Posted by Dale Buss on August 20, 2014 09:31 AM
McDonald's in Ferguson, Mo., becomes headquarters of protest coverage as brand names first US VP of digital, rolls out bagged McCafe coffee with Kraft across US, and sets to offer mandarin oranges.
Uber hires former Obama campaign chief as lobbyist and tests delivery service in D.C.
Staples accelerates turnaround actions as sales continue to fall.
Walgreen shakes up executive ranks after projection was off by $1 billion.
Petsmart explores possible sale.
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AirAsia takes advantage while Malaysia Airlines wallows in tragedies.
Apple soars to stock record amid optimism about upcoming products.
Audi airs Emmys promo that's heavy on celebrity cameos (at top).
Boeing may boost production of its bestselling 737.
Brita recalls thousands of child water bottles.Continue reading...
Posted by Dale Buss on July 29, 2014 09:12 AM
Darden CEO steps down as new Red Lobster owner takes brand upmarket.
Ford raises prices for new F-150 pickup with aluminum body as Ram battle intensifies.
Los Angeles Clippers are cleared for sale to former Microsoft CEO Steve Ballmer.
McDonald’s Japan head apologizes for meat scandal as McDonald’s US deemed “joint employer” in NLRB ruling.
Facebook pushes mobile users to Messenger app as Instagram tests (name-challenged) Snapchat rival Bolt.
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BMW unveils cheaper, suitcase-sized EV charger.
Cadillac brings wireless smartphone charging to some 2015 models.
CNET announces hybrid paywall model.
Dirt Devil and Hoover owner fires up marketing.
GM remains mired in dealership-closure issues in Canada, hurting sales.
Jimmy Dean looks #beyondbreakfast.Continue reading...
Posted by Dale Buss on July 17, 2014 04:42 PM
Satya Nadella has finally made clear how he would like to re-program Microsoft: simplifying its infrastructure and streamlining the employee base as part of repositioning the company around the growth of mobile computing and applications and the cloud.
In the second of two major memos to Microsoft employees, the new CEO today relayed the painful news that the company will be cutting up to 18,000 jobs over the next year, including about 12,500 professional and factory positions that are related to Microsoft’s acquisition of Nokia’s handset business.
“My promise to you is that we will go through this process in the most thoughtful and transparent way possible,” Nadella wrote in his memo.
The layoffs are Microsoft’s largest ever. But adding the Nokia business in April padded Microsoft’s payroll of 100,000 by another 25,000 people. Daniel Ives, an analyst with FBR Capital Markets, believes that the “larger than expected” layoffs hinted at Nadella’s plans to simplify Microsoft’s infrastructure.Continue reading...
Posted by Shirley Brady on May 30, 2014 08:56 AM
TOP 5 STORIES
Microsoft's former CEO Steve Ballmer wins bidding war, buys Los Angeles Clippers for $2 billion.
Amazon Prime to offer music streaming this summer.
Google stuggles with diversity, implements EU "right to be forgotten" policy.
Facebook's Mark Zuckerberg donates $120 million to California schools.
Tesco signs China retail deal.
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Abercrombie & Fitch cuts back on scents to make dollars.
Apple issues first conflict minerals report.
Bonobos finds an edge in brick-and-mortar.
Chevron, attacked by faux protesters, retreats on clean energy.
Dish Network plans to accept bitcoin payments.Continue reading...
Posted by Mark J. Miller on January 31, 2014 02:53 PM
It's been nearly six months since Microsoft launched its CEO search and announced that Steve Ballmer would be stepping down. And while months of rumors have led industry analyts to mull who might fill the seat, from Ford CEO Alan Mulally to Ericsson's CEO Hans Vestberg, it seems a candidate has finally been confirmed.
According to reports, Satya Nadella, who leads Microsoft's cloud and enterprise group, is now the internal frontrunner, with a possible announcement coming in early February, according to Re/code. That doesn't mean that Nadella is the only remaining candidate, however. According to reporting (that's been disputed) by SiliconANGLE, Google SVP of Chrome and Apps, Sundar Pichai, is still being wooed by Microsoft's board.Continue reading...
Posted by Mark J. Miller on January 27, 2014 04:52 PM
Microsoft chief Steve Ballmer is headed for an early retirement at 57, but he's getting out while he's on top.
In the quarter that ended Dec. 31, Microsoft’s revenue went up 14 percent to a record $24.5 billion, Bloomberg reports. All this while personal computer sales continue to diminish and amid a vast company reorganization including its merger with Nokia's mobile unit. The quarter's boost was tied to the successful launch of its Xbox One gaming system as well as web-based software such as Azure and Office 365, which sold more than double the amount than that sold in the same quarter a year earlier.
The cloud appears to be a major new battleground for Microsoft. According to Arstechnica, Amazon recently announced that it would cut the prices of its S3 and EBS cloud-based storage, to which Microsoft responded by announcing it would cut its cloud storage prices as well. Microsoft also benefitted from a sales boost of its Surface tablets, which saw sales double from the first quarter of the fiscal year.Continue reading...
Posted by Sheila Shayon on January 2, 2014 11:14 AM
Being among the top downloaded apps of 2013, attracting brands as diverse as MTV and IHOP, and getting immortalized in a marching band halftime show wasn't enough to save Snapchat from a data hack of immense proportions. 4.6 million usernames and phone numbers were leaked online Tuesday night, posted as a downloadable database by still-anonymous hackers.
The database site disappeared Wednesday morning—ironically mirroring Snapchat’s founding promise of photos that would self-destruct in a snap.
The hacker group seems to be sending more of a message to Snapchat than the public, as it censored the last two digits of phone numbers "in order to minimize spam and abuse," but said users could contact them directly for the uncensored version, which they would make available "under certain circumstances," according to RT.com.
In a statement on the now-defunct webpage, the group said it posted the database to "raise awareness on the issue" and warn Snapchat users: "The company was too reluctant at patching the exploit until they knew it was too late and companies that we trust with our information should be more careful when dealing with it."Continue reading...
Posted by Mark J. Miller on October 25, 2013 01:45 PM
Microsoft chief Steve Ballmer may be heading out the door in the next year, but he certainly doesn't have a case of Senioritis. He's aiming to finish out strong as the company moves to refocus its efforts on devices and services—an increasingly crowded space where the company will face Apple, Samsung and others head-on.
And it's been a rough road so far. The company has endured backlash over its new tile-like Windows design, and its Surface tablets have underperformed. With better hopes for its mobile business, the company acquired Nokia's devices division last month, but how the two companies will meld their operations and offerings is still unclear. In desperate need of a pick-me-up, the company posted a profitable first quarter.
The company reported revenues of $5.24 billion, up from the $4.47 billion it earned at the same point last year, as sales climbed 16 percent to $18.5 billion. The boost is mostly built on the demand for corporate software such as SQL database server, SharePoint, Exchange for e-mail, and Lync for corporate messaging and telephony. While not as 'sexy' as say, the iPad Air, they pay the bills.Continue reading...