Posted by Dale Buss on November 14, 2013 09:14 AM
GM could see exit of CEO Dan Akerson next year, Reuters says.
Crocs considers ways to go private.
Snapchat becomes one of most sought-after tech businesses after reportedly turning down $3 billion buyout from Facebook.
AT&T creates mystery of locked, used iPhones.
Alitalia prepares restructuring aimed at getting more resources out of Air France.
American Airlines and US Airways set up major-airport route grab with their merger as deal cruises through courts.
Ateliers Pleyel stops piano production in France.
Baidu faces suits over video piracy.
Boeing sees unionists reject new labor deal for 777X production.
Burberry is weighed down by beauty business.
Cisco tells of big revenue dropoff in emerging markets.
Cracker Barrel shareholders reject activist's third bid to be on board.Continue reading...
Posted by Dale Buss on November 12, 2013 03:42 PM
With the completion of an antitrust agreement with the federal government to shed dozens of slots at airports in major cities around the country, especially Washington Reagan and New York LaGuardia, American Airlines and US Airways are cleared for the takeoff of their merger to create a third heavyweight airline network in the US market to compete with Delta and United.
The $11 billion merger still must clear final, expected approval of the court handling American's bankruptcy, which is slated for this month. Final government approval of the merger now is expected by mid-December. And by early January the two brands essentially expect to become one in their customer-facing operations and communications.
"This is a common-sense solution which addresses regulatory concerns," Tom Horton, CEO of American and incoming chairman of the combined company, told a conference call. "It will benefit customers, [our] people and investors. It's a win-win-win."Continue reading...
Posted by Dale Buss on November 4, 2013 09:02 AM
BlackBerry sale to Fairfax falls apart as $1 billion in funding is secured, CEO Thorsten Heins steps down and shares plunge.
Kellogg plans to trim 7% of workforce by 2017 as part of global restructuring.
American Airlines and US Airways merger cleared in US, but only with broad divestitures.
AB InBev sees strong growth for Budweiser in Russia.
Alcatel-Lucent seeks to raise $2 billion for turnaround plan.
Apple's gold iPhone 5s continues flying off shelves, while Apple CEO Tim Cook backs LGBT anti-discrimination bill.
Billabong sells Canadian retail chain West 49.
Chevron pumps up spending to boost production.
Dr Pepper finds formula to Facebook success.Continue reading...
Posted by Dale Buss on October 31, 2013 09:14 AM
Facebook encounters decline in teen engagement as mobile ads fueled profit jump.
Starbucks enjoys best year in its history.
Politico launches a print magazine.
American Airlines and US Airways trying to work with government to clear merger.
BMW recalls 176,000 vehicles to fix power brakes.
Bank of America sees $1 billion stake held by Qatar sovereign-wealth fund.
Boeing intends new 777X to subsume role of jumbo jets.
Burger King plans "fewer, more impactful" new menu items.
Chrysler vows to learn from botched rampup of Jeep Cherokee production.Continue reading...
Posted by Mark J. Miller on October 1, 2013 06:41 PM
The digital age is saving airline pilots from lugging around the pile of manuals and maps they used to, with American and United Airlines investing in iPads as the pilots' digital flight bag. But not everyone is privvy to the leading brand's tablets.
Delta pilots, too, are converting flight bags to digital, but the pilots aren't very happy with the airline's choice of provider. Delta struck a deal with Microsoft for 11,000 Surface 2 tablets rather than distributing iPads, the tablet of the world’s new # Best Global Brand, Apple.
But Delta's decisions don't take into account its pilot's favorite tech brands, and instead are focused on the $13 million in fuel and other costs that the airline will save annually now that the crew doesn't have to lug the heavy manuals on board.Continue reading...
Posted by Mark J. Miller on September 30, 2013 02:48 PM
Part of JetBlue’s charm (and brand) is that all passengers are equal. There’s never been a first class that 'coach' consumers are banned from entering, and no off-limits bathrooms.
But that’s all changing next summer on flights between New York, San Francisco and Los Angeles as the brand introduces its Mint "premium section" that will feature “lie-flat seats, its own tapas-style menu, and even little 'suites' with doors to give passengers privacy,” as well as “customized amenity kits,” USA Today reports. The first flight featuring such ammenities will take off from New York's JFK airport on June 15, and head for the City of Angels.
"This is seismic because now, admittedly only on the transcontinental routes ... JetBlue is saying some passengers are going to be more important than others,'' Henry Harteveldt, a travel analyst with Hudson Crossing, told the paper. "This move is not one that comes with guaranteed success, nor is it one that comes without risk to the brand. ... There is a chance that some customers may look at this and say JetBlue is selling out.''Continue reading...
Posted by Dale Buss on September 23, 2013 09:25 AM
Tesco launches own-brand tablet, Hudl.
Apple sells nine million new iPhones on first weekend, and is named the UK's coolest brand.
Netflix picks up first Emmy.
American Airlines, US Airways extend merger termination date in light of upcoming trial.
BlackBerry explores taking company private and bets future business on services as it haults BBM roll out for iOS and Android.
Bruegger's and Caribou co-brand in growth effort.
Chanel named coolest fashion brand by UK survey.
Darden Restaurant Group makes job cuts.
ESPN launches new ad campaign for SportsCenter.
Fiat plans to buy GM share of their diesel joint venture.Continue reading...
Posted by Dale Buss on August 29, 2013 09:28 AM
Verizon Wireless may soon buy out Vodafone stake.
Coca-Cola sees public-health battle over soda consumption flare in Mexico.
Renault sees operating chief quit amid speculation he may head for Detroit.
Amazon adds to server-market woes with its push to the cloud.
American Airlines and US Airways open to deal on antitrust concerns.
BlackBerry sees "savior" keyboard-equipped Q10 fall flat.
Carrefour's cost-cutting begins to bear fruit.
Chrysler strikes deal with Rush to promote its SRT performance brand.
Cinnabon outlines growth strategy.
GM tries to revive sales by boosting mileage of 2014 Chevrolet Malibu.Continue reading...