Facebook takes steps toward going public, creating dual-class stock. [NY Times]

GM will decide if it will shutter Saab next week. [NY Times]

Sprint finalizes purchase of Virgin Mobile USA. [WaPo]

McDonald's to "green" its operations in Germany. [NPR, Warc]

Eager to raise capital, Heinz sells its UK private-label frozen dessert units. [Times of London]

Choosing to report from Washington D.C., Washington Post closes its bureaus in other US cities. [NY Times]

"Cheap and cheerful" dominates holiday advertising. [NY Times]

(More headlines: Lindsay Lohan, Audi boosts US ops.)Continue reading...

This week, Emanuel Ungaro hinted to journalists that Lindsay Lohan had sucked the soul out of the label he founded. Retailers agree, since after terrible reviews for the show marking Lohan's debut as artistic adviser, Neiman Marcus and Net-A-Porter dropped the Spring 2010 line by Estrella Archs and Lindsay Lohan.

Notably, those two were the only major retailers selling the label outside of freestanding Ungaro stores. Barneys and Saks haven't carried the line for several seasons, and also decided not to pick it up for spring. Style.com reports that you can still find the line at Vivaldi on the Upper East Side.Continue reading...