Posted by Dale Buss on May 17, 2013 09:16 AM
Dell reports 79 percent drop in profit as takeover battle continues.
Dow Chemical is ordered to pay $1.2 billion in price-fixing case.
Google Glass expands apps and integrates Facebook and Twitter.
Apple fights back in antitrust case over e-book pricing as it loses luster in global poll.
Audi shifts to high-performance models to propel sales.
BlackBerry regains lost market share in Canada.
Citigroup bans traders from using Bloomberg terminal chat groups.Continue reading...
Posted by Dale Buss on May 14, 2013 10:38 AM
Tesla has left that nasty New York Times review so far in the rear-view mirror that it barely registers anymore. Riding enthusiasm generated by a far more important all-important evaluation of its Model S by Consumer Reports—which gave the brand its highest score ever—the EV maker now sees its stock rising and its prospects growing.
On the heels of a rosy first-quarter earnings report last week, Tesla's shares have continued surging, closing Monday at $87.80 a share, up 57 percent from $55.79 a share on Thursday before the report. "How far can Tesla go?" said Theodore O'Neill, founder of Connecticut-based Litchfield Hills Research, according to USA Today. "As far as they want to go."Continue reading...
Posted by Dale Buss on April 15, 2013 09:03 AM
Charlie Ergen's Dish Network offers to buy Sprint for $25.5 billion in a bid to one up SoftBank.
ConAgra, Heinz and Nestle lead frozen food battle to reverse negative image.
Nike seeks to regain its edge with fewer ads following Tiger Woods stumble.
Dannon uses Greek-style to leapfrog Yoplait to top of U.S. yogurt business.
Apple clearly enters post-Jobs era.
Justin Bieber sparks controversy with Anne Frank comment.
Boeing sees new inspection order on its 737s.Continue reading...
Posted by Dale Buss on April 8, 2013 09:02 AM
AB InBev reached a tentative agreement with the U.S. Department of Justice over its disputed $20.1 billion acquisition of Mexican brewer Grupo Modelo, which faces inquiry over Mexico worker deaths.
GE to buy Lufkin for $3 billion in oil-and-gas-industry play.
PepsiCo seeks to patent novel high-protein nutrition beverages.
Adidas stops controversial sale of t-shirts around injured Louisville player Kevin Ware.
AOL CEO Tim Armstrong to be honored for pro-women Makers series.
Apple's former advisor to Steve Jobs admits brand screwed up iPhone naming system.Continue reading...
Posted by Dale Buss on April 5, 2013 07:23 PM
"New isn't easy. Building the future never is..."
Well, we couldn't have said it better ourselves. The words of electric car maker Fisker Automative ring extra true as more devastating news rolls out of the struggling company. And worse, the Fisker electric-car experiment appears to be crumbling as the Tesla electric-car experiment seems to be achieving liftoff velocity. The differing outcomes have come down to the basics of business, such as picking the right partners and suppliers, counting on the right sources of financing, getting the product right—and enjoying a bit of luck.
Fisker said today that it laid off 75 percent of its more than 200 employees, most of them in Anaheim, Calif. The move appeared to be a concession that about the only option left for the company is liquidation of its assets, after a horrible several months in which its battery supplier went belly up, it couldn't obtain new financing and then its founder left in a dispute over financing.
"Our efforts to secure a strategic alliance or partnership are continuing in earnest, but unfortunately we have reached a point where a significant reduction in our workforce has become necessary," Fisker said in a statement this afternoon, according to Automotive News. "This was a necessary strategic step in our efforts to maximize the value of Fiscker's core assets."Continue reading...
Posted by Dale Buss on April 3, 2013 02:53 PM
Elon Musk is trying to pull off a neat bit of complicated brand re-architecture these days: further elevating his Tesla line of electric vehicles above the general U.S. auto industry while at the same time essentially attempting to mainstream his pricey battery-powered machines with other luxury cars.
It appears that Tesla is shaking off both the deep skepticism of general-market American consumers about EVs and the brand's own recent brawl with the New York Times over the paper's review of Tesla's staple Model S. This week, Musk—the billionaire who got rich from founding PayPal and who also owns SpaceX—made a few moves that seem to bring Tesla closer to achieving both aims.
First, the company announced that it expects to turn its first profit during the first quarter on higher-than-expected sales of Model S. It's a milestone for the company, given the general backdrop for EV sales. Tesla was able to sell at laeset 250 more of the Tesla S (whose most popular version starts at a sticker price of $69,900) than the 4,500 sales it had forecast in February.Continue reading...
Posted by Dale Buss on April 3, 2013 09:01 AM
JCPenney slashes CEO Ron Johnson's pay, woos fashionistas with store-in-store bijoux bars.
Facebook dispute over Timeline trademark will go to jury trial; faces questions about new smartphone.
Tesla CEO Elon Musk will personally guarantee car buyback values as company introduces leasing.
A&W introduces Mini Polar Swirls via Vine.
Angelina Jolie opens school in Afghanistan funded by her jewelry collection.
Apple begins production of refreshed iPhone this quarter.Continue reading...
Posted by Dale Buss on April 2, 2013 09:07 AM
Amazon sees online retail rivals rise in 4Q and reign as most expensive stock end as company may have smartphone ambitions.
Facebook phone, no longer a rumor, is coming to Android.
Toys 'R' Us pulls planned IPO.
American Airlines settles
fare suit with Orbitz
American Express tests geo-targeted ads in London cabs.
American Greetings decides to go private.
Apple apology by CEO Tim Cook seems to satisfy Chinese authorities.Continue reading...