Posted by Mark J. Miller on October 14, 2013 06:39 PM
For more than a year, consumers and analysts alike have been ready to kick dirt onto BlackBerry’s grave. The mobile company has unsuccessfully tried to launch a comeback over the last two years as it watched its smartphone market share be pulled right out from under it by the likes of Apple and Samsung, leaving the Canadian company with nearly nothing but sub-par handsets and unworthy operating systems.
After coming to terms with the fate of its consumer mobile business, BlackBerry announced that it would take up a renewed focus of its B2B business, supplying global companies with mobile phones and software—but that's if they even want them. And then, after weeks of sale rumors, the company announced that it accepted a bid from Fairfax Financial to be bought for $4.7 billion, but now, even that deal is facing challenges.
According to Reuters, the company has “announced massive layoffs" and now sources say that competing bids for all or parts of the company have come in from Google, Cisco Systems, SAP and even the company's founders. Morgan Stanley and UBS AG are “holding off on a switch to BlackBerry 10” and Credit Suisse Group AG isn’t going to upgrade its operating system. Also, an electronics supplier to the company, Jabil Circuit, is reportedly going to stop working with the company soon, which has “raised speculation that BlackBerry will stop making phones altogether," Bloomberg notes.
But BlackBerry doesn't want to just fade into the blackness.Continue reading...
Posted by Dale Buss on October 10, 2013 09:22 AM
JCPenney undoes more of Ron Johnson's handiwork with logo revamp.
KFC preps quality-assurance campaign in China.
H&M, Gap back in the spotlight after another Bangladesh factory fire kills several workers.
A&E Networks pitches original programming.
Aereo Android app will debut Oct. 22.
Alcatel-Lucent must revise job-cut plans in France.
Apple reportedly slashes iPhone 5c production.
AT&T and GE partner for wireless global network.
BlackBerry warms to breakup exit strategy as brand expands office closures.
Chevrolet revs up major ad push for Malibu.Continue reading...
Posted by Dale Buss on October 7, 2013 09:22 AM
Fiat loses momentum in US comeback.
BlackBerry discusses bids with big-name strategic buyers that would dismember brand.
Macy's rethinks web plans in China.
Allstate outflanks online rivals.
Boston Market offers promotion related to idled government workers.
Burger King sees perception gains after "Satisfries" launch.
C-Span finds interest amid government shutdown.
Chevrolet will limit supplies of new Corvette at first.
Cracker Barrel and Kraft settle trademark differences.
ESPN drops International X Games.
Frito-Lay introduces glow-in-the-dark Halloween packages.
GM prods dealers to sell cars online.
Hershey plans plant in Malaysia.Continue reading...
Posted by Dale Buss on October 2, 2013 09:25 AM
Apple is pressed for $150-billion buyback by Carl Icahn as the new #1 Best Global Brand is estimated to be sitting on top of 10% of all US corporate cash.
Volkswagen plans to use augmented reality to service cars.
Google is accused of wiretapping in Gmail scans.
Intel commits to women's digital education.
BlackBerry reveals even more doom in restructuring.
Bravo signs four major new brand partners to integrate in Top Chef.
Campbell Soup sells European simple-meals business.Continue reading...
Posted by Dale Buss on September 30, 2013 09:22 AM
Apple named world's most valuable brand, passing Coca-Cola, on Interbrand's Best Global Brands 2013 report.
JetBlue launches premium brand, Mint.
IKEA starts UK solar push.
AOL to start advertising on TV again.
BlackBerry starts selling unlocked phones direct to US buyers.
DirecTV plans to help finance indie films.
Ford sends the checks to soothe C-Max owners on fuel economy as company is said to retain CEO Alan Mulally's "absolute focus" despite reports about Microsoft job, while Ford prepares heir apparent.
GM can't keep up with demand for V-8 pickups.
Home Depot scales up Redbeacon service for small contracting jobs.
Intel invests in wearable device maker Recon.
JCPenney remains on the brink.Continue reading...
Posted by Dale Buss on September 27, 2013 09:33 AM
McDonald's draws praise for healthier-food initiative.
Barilla CEO apologizes for anti-gay comments.
BlackBerry loses nearly $1 billion in quarter as customers are urged to be cautious about company's future.
Allstate spreads "Mayhem" across social media.
Apple issues update for iOS 7 to fix lock-screen bug.
Bloomberg News shuffles management.
Chrysler fixes problem that had stalled output of new Jeep Cherokee.
Dove marketing execs take home 'Grand Brand Genius' award at Ad Week for viral 'Sketches' ad.
Dunkin' Donuts launches t-shirt design contest.
EA settles suit but pauses NCAA game over outcome.
Eight O'Clock Coffee launches TV spots after seven-year hiatus.Continue reading...
Posted by Dale Buss on September 26, 2013 09:21 AM
Twitter and NFL agree to sell video-ad packages together as Twitter introduces emergency alert system.
Red Bull refuses to pull controversial ad using Titanic in UK.
Target rolls out its movie-streaming service.
Air Products looks for new CEO.
Boeing works to fix 787 glitches.
Daimler launches US campaign for Car2Go car-sharing service.
Darden Group defends pay practices for restaurant employees.
EBay buys Braintree global payment platform.
Elle and Cosmopolitan plan to include actual vials of perfume with next issues.
Fonterra pushes forward with own-brand in China despite recall.
Groupe Danone faces bribery allegations in China.Continue reading...
Posted by Dale Buss on September 25, 2013 09:14 AM
Amazon debuts "native" video ads and launches new tablets while cutting Kindle Fire HD price.
Mondelez revamps its social media strategy.
Samsung to launch smartphones with curved displays.
AT&T launches mobile broadcast network and says it's open to European acquisitions.
Airbus wins plane orders from Chinese startups.
Alibaba heads for US with mammoth IPO.
Applied Materials to acquire Tokyo Electron in huge B2B deal.
BlackBerry shoves off bankruptcy questions.
Bob Evans sees disgruntled investor call for spin-off of restaurant division.
Carlsberg kicks off three-year partnership with Premier soccer league.
Carnival cuts outlook.Continue reading...