Posted by Mark J. Miller on October 13, 2014 02:02 PM
Warren Buffett has come a long way from his childhood days of selling gum, Coke, and magazines door to door.
The 84-year-old is known for living frugally—and for being one of the richest people in the world. The Oracle of Omaha is so well-known that he launched a cartoon with Jay Z in a bid to boost financial literacy among kids.
Less well-known, however, is Berkshire Hathaway, his investment firm (that's the homepage, above)—but Buffett aims to change that.Continue reading...
Posted by Dale Buss on October 2, 2014 07:14 AM
PepsiCo launches Pepsi True "mid-cal" as new salvo in cola wars, exclusively at first on Amazon.
Netflix books Adam Sandler for four movies while France's Orange plans to market the service in November.
Ford partners with culture brands and publishers to create "road trips" for new Mustang.
Volkswagen, Porsche and Lamborghini roll out plug-in hybrids in Paris.
Tesla hints at timing for unveiling Model "D."Continue reading...
Posted by Dale Buss on September 24, 2014 09:21 AM
Coca-Cola, PepsiCo and other soda makers vow to cut calorie consumption by 20 percent in ten years.
Home Depot sees fraudulent transactions surface in wake of data breach.
Walmart begins offering low-cost checking in bid to take on banks.
Clorox, subject of takeover chatter, doesn't plan to mimic P&G, as Colgate-Palmolive sparks takeover speculation and Pfizer held takeover talks seeking tax inversion.
Apple pitches "privacy" of new iPhones as users report bending issue and iOS 8 app crashing, as company acquires Prss digital magazine startup.
MORE BRAND NEWS
Air France quits low-cost Transavia unit.
Amazon tops customer-experience study and launches #AmazonWishList on Twitter while keeping unions at bay in Germany.
Beer?! joins the one-word app brigade.
Benjamin Moore partners with the CFDA to promote fashion designers.Continue reading...
Posted by Dale Buss on August 26, 2014 04:36 PM
The $11.4 billion acquisition of Tim Hortons by Burger King has added twists and turns as its shape has become more apparent over the last day or so.
Among the most interesting: Burger King has promised not to mess with Tim Hortons' beloved place as a national treasure in Canada; it really wants to press the potential advantages of a multi-brand fast-food holding company a la Yum! Brands; and Mr. Everywhere, Warren Buffett, directly injected himself and his money into Burger King's purchase of Tim Hortons. There's also the live wire of the tax-inversion issue in the US.
It's interesting that billionaire extraordinaire Buffett kicked in $3 billion through his company, Berkshire Hathaway, to help finance the deal, amounting to about 25 percent of the required funds. Shareholders of both companies have welcomed that news because of Buffett's renowned Midas touch.
That certainly could be helpful as the combined company faces headwinds including a sluggish global fast-food environment, Burger King's struggles in making significant headway against McDonald's, and Tim Hortons' own challenges in establishing a significant presence in thde US market and abroad—even though it makes more money than Burger King and Dunkin' Donuts combined.Continue reading...
Posted by Dale Buss on August 26, 2014 09:37 AM
Burger King finalizes deal to buy Tim Hortons for about $11 billion, with explicit help of Warren Buffett, and will test portfolio approach to brands.
Amazon buys Twitch Video for $970 million to rival YouTube and eyes expansion in online-ad market.
Best Buy tops financial predictions as realignment starts to pay off.
Emmys sees HBO, CBS and PBS score most wins. as telecast gets tepid reviews.
Blue Buffalo gets slapped by National Advertising Division over pet food claims.
MORE BRAND NEWS
Arby's pursues younger customers.
Buffalo Wild Wings invests in taco concept.
Century 21 partners in videos with cleaning expert.
Chevrolet and Buick achieve sole gains among auto brands in new customer-satisfaction survey.
Estee Lauder expands breast-cancer awareness to year-round campaign.Continue reading...
Posted by Dale Buss on May 2, 2014 09:14 AM
Apple, Facebook lead Big Tech brands fighting data requests as White House panel calls for big data reforms to protect privacy.
AstraZeneca rejects raised bid by Pfizer as "inadequate."
Avon reaches settlement of bribery probe.
Bayer eyes Merck’s OTC consumer business.
Burberry officially has a new CEO in Christopher Bailey as Angela Ahrendts takes retail reins at Apple.
Coca-Cola pressured by Warren Buffett on executive pay.
Exxon sticks with Russia drilling despite geopolitical tensions.
Fiat faces tough turnaround in Europe.
GM recalls 50,000 Cadillac SUVs, returns to bankruptcy court to fend off suits.
News Corp. acquires Harlequin Books for HarperCollins.
Below, news on brand innovation, culture, and more:Continue reading...
Posted by Dale Buss on May 16, 2013 09:20 AM
Walmart posts mixed results, expects "challenging" quarter; earnings report also discloses $73M expenses related to foreign bribery probes.
Microsoft to Google: We need APIs to fix YouTube app.
Abercrombie & Fitch signs Bangladesh safety agreement as deadline passes for Gap deal.
Apple defends brand (but not Steve Jobs) in US book price-fixing suit.
Boeing and GE hunt for engine defect in 777s.
Campbell Soup uses digital marketing to target Millennials.
Capri-Sun targeted by German ad watchdog for misleading marketing.
Cisco profit is boosted by services.Continue reading...
Posted by Dale Buss on May 6, 2013 09:15 AM
YouTube close to launching paid subscription channels, reports say.
Amazon launches first Android app-store in China, ahead of Google.
Pfizer lets bashful buyers get Viagra online.
Al Jazeera America plans to open Detroit bureau.
Asustek plans to make small Windows 8 tablets.
Audi considers doubling production at Mexico factory under construction.
Berkshire Hathaway provides peek at era after Buffett.
BuzzFeed takes steps to expand foreign news.Continue reading...