Posted by Dale Buss on February 28, 2014 09:37 AM
Chipotle rolls out tofu-based Sofritas nationwide.
Abercrombie & Fitch cuts prices and looks to expand outlets.
Quiznos plans to file for bankruptcy.
American Airlines ends bereavement fares.
Caterpillar loses big locomotive job.
Costa Rica launches new branding campaign.
Gap tops upbeat forecasts.
Hilton considers selling Waldorf Astoria Hotel.
Michael Jordan tops list of highest-paid retired athletes.Continue reading...
Posted by Sheila Shayon on February 25, 2014 07:20 PM
A growing firestorm fueled by social media is brewing around Arizona's proposed bill SB 1062, which would permit businesses to refuse service on religious grounds, a measure activists and a growing list of corporations see as "state-sanctioned discrimination" against gays.
Companies from AT&T and Apple to Marriott, Delta and American Airlines, along with Arizona’s two Republican US Senators, John McCain and Jeff Flake, are now taking a stand and asking Gov. Jan Brewer to veto the bill. The request from Apple comes as it prepares to open a new sapphire glass manufacturing plant in Mesa which would create about 700 full-time jobs and join its five stores already in Arizona.
Bill SB1062 is similar to measures proposed in Georgia, Idaho, Maine, Mississippi and Kansas in response to the growing gay marriage movement that 17 states, plus the District of Columbia, have legalized.
Reaction against the proposed bill is growing so strong that the measure passed last week is prompting tourists to cancel travel plans and has companies threatening to relocate.
“There is genuine concern throughout the business community that this bill, if signed into law, would jeopardize all that has been accomplished so far,” Doug Parker, CEO of American Airlines, wrote to Brewer, according to Bloomberg Businessweek. “Our economy thrives best when the doors of commerce are open to all,” he wrote.Continue reading...
Posted by Dale Buss on January 27, 2014 09:14 AM
Microsoft posts record sales as Ballmer prepares exit; competes with Amazon on cloud storage prices; admits to Syrian Electric Army email breach; and releases global study on power of technology.
Google pushes back against data localization, faces protest in San Francisco, buys artificial intelligence startup DeepMind and announces global patent agreement with Samsung.
Apple reportedly eyes mobile payments service, as hopes are high for Q1 earnings release on Monday.
AIG says it’s on offense as corp rep restored.
AT&T quashes rumors of Vodafone bid.
Accenture tries to grab STEM graduates early.
Ally Financial readies pre-IPO roadshow.Continue reading...
Posted by Dale Buss on January 7, 2014 09:22 AM
Intel jumps into wearables with earbuds, watch.
BMW rolls out driverless car at CES racetrack.
Apple says App Store sales topped $10 billion in 2013.
AT&T lets content firms subsidize users' data costs.
American Airlines lands a flight after camera is found in bathroom.
Audi and BMW both plan laser headlamps this year.
BYD says Chinese cars are headed to US by late 2015.
Fitbit partners with Tory Burch for high-fashion wearable tech.
GE to spend $1 billion on Thermo Fisher buyout.
GM sees Opel/Vauxhall increase European share thanks to new Adam minicar.
Goodyear sees tire workers in France hold managers hostage.Continue reading...
when brands collide
Posted by Mark J. Miller on December 18, 2013 07:07 PM
The now-approved merger of US Airways and American Airlines will require a lot of decision-making by executives in the future, but one key decision is being handed over to employees: What will the rebranded planes look like?
While American Airlines got a fresh livery update early this year, the companies (and employees) now have to decide how the nearly 620 US Airways jets will be repainted. Employees will have a major hand in choosing whether the new fleet will be marked with American's old 'AA' logo or the refreshed design the company adopted last year.
“While I enjoy debating the merits of certain aircraft liveries as much as anyone, I have always believed they are not particularly important to the success of an airline,” American Chief Executive Officer Doug Parker wrote on Monday in a memo to the company’s 100,000 employees, AviationBlog reports. “For our team members who work in, around and on these aircraft day in and day out, it matters a great deal, but I have yet to find a customer who based their purchase decision on the exterior design of the airplane.”Continue reading...
Posted by Dale Buss on December 18, 2013 09:27 AM
American Airlines will pay Cantor Fitzgerald $135 million in a settlement based on loss and damages from the Sept. 11 attacks.
General Mills sees quarterly results miss on lower US sales, rising costs.
Apple draws praise for holiday ad about loner teen and still talks with China Mobile about iPhone deal as it makes new Mac Pro available tomorrow.
20th Century Fox uses part of Walter Mitty budget to help Philippines typhoon victims.
ABC tilts toward female viewers as it remains light on sports.
Academy of Motion Picture Arts and Sciences unveils new logo.
AMC is sued by The Walking Dead creator over payouts.
BASF steps up investment in US.
Boeing names chief of defense, space and security unit as new COO.
BP writes off $1 billion on Brazilian well but makes major find in Gulf of Mexico.Continue reading...
Posted by Dale Buss on December 12, 2013 09:20 AM
Hilton raises more than $2.3 billion in biggest-ever hotel IPO.
Green Mountain introduces college-branded K-Cup brewers.
A&E rebrands Bio as Lifestyle Network FYI.
American Airlines signs big jet deals with Bombardier and Embraer.
Aramark prices IPO at high end.
Avon halts rollout of new order-management system.
Barnes & Noble sees chairman book $40 million loss on company stock sale.
Boeing gets new offer from machinists in Washington on 777X factory.
ExxonMobil presses to be able to export US oil.
Ford board is said to want answers from CEO Alan Mulally about his future.Continue reading...
Posted by Dale Buss on December 9, 2013 09:19 AM
American Airlines and US Airways set to take off as a new company after final Supreme Court action.
Audi saw 7-percent rise in November sales on China, US demand.
Chick-fil-A has been making "stealthful" health changes.
Compuware prompts joint bid by private-equity firms.
Domino's looks to India to supplant UK as second-largest market.
EADS to cut 6,000 jobs, report says.
Fiat sets to invest $12 billion in brand and plant revival, report says.
Google, Microsoft lead group of tech giants urging limits on government surveillance.
GM pares production in problematic South Korea and Australia markets. Continue reading...