Posted by Shirley Brady on January 18, 2011 06:30 PM
Comcast's acquisition of NBC Universal is approved (with one FCC commissioner, Michael Copps, opposed). Conditions for the deal, expected to close by Feb. 1, include that Comcast must give up its management role at Hulu, and abide by anti-favoritism clause — a victory for Bloomberg TV and other networks that compete with Comcast and NBCU's channels. Comcast, separately, just invested $10M in Snagfilms, an ad-supported documentary site that owns INDIEwire, and led a $9M financing round in e-publishing consultancy Perfect Market.
Apple announces record quarterly earnings of $6B, with 7 million iPads sold during the Christmas quarter. The iPhone is now the UK's "most desirable" brand.
Citigroup "disappoints" despite quarterly profit of $1.3 billion.Continue reading...
Posted by Dale Buss on December 17, 2010 09:00 AM
Amazon can’t dent iTunes.
BMO Financial to acquire Wisconsin bank Marshall & Ilsley.
Carnival Cruise sponsors Times Square confetti drop.
Citigroup opens prototype “bank of the future” in Manhattan.
Denny’s wins big through promotion with AARP.
Genentech is expected to appeal the FDA’s decision on Avastin for breast cancer.Continue reading...
Posted by Caroline Smith on December 6, 2010 05:00 PM
AT&T deemed worst wireless carrier in the US by 58,000 Consumer Reports readers.
Citigroup loses US government backing.
Continental is "held responsible" for 2000 Concorde crash.
GetGlue secures $6 million backing to aid social entertainment expansion.
Google formally launches its e-book store, gets Australian pass on Street View charges.
Hertz to offer electric vehicle rental by the hour.Continue reading...
Posted by Shirley Brady on October 18, 2010 06:00 PM
Apple's quarterly profits (up 70% on iPad and iPhone sales) put company in running to become largest U.S. public company, while CEO Steve Jobs casts a hex on rivals' tablets.
Bank of America will resume foreclosures.
British Airways dispute with Unite cabin crew union may be resolved soon.
Citigroup beats Wall Street projections, begins legal battle over EMI buyout.
Clearwire is bringing 4G to major U.S. cities with Sprint, Comcast and Time Warner.
Discovery Channel's Mythbusters lands a cameo from President Obama.
Domino's adds sound to online Pizza Tracker tool.
Facebook vows to keep applications from divulging users' personal information.Continue reading...
Posted by Dale Buss on October 18, 2010 09:00 AM
Fox maintains top ad rates for American Idol even without Simon Cowell, as News Corp.-Cablevision stand-off saw 3 million NYC area homes lose the channel over a big weekend for football fans.
Apple is turning more attention to the corporate market.
Barclay Capital foresees modest bump in U.S. holiday sales.
Chevron incorporates anti-oil industry sentiment in new ads.
Chrysler expands as other U.S. automakers cut brands.
Citigroup reports $2.2-billion third-quarter profit.Continue reading...
Posted by Dale Buss on September 15, 2010 09:00 AM
Best Buy leads electronics retailers in adjusting holiday-stocking strategy to load up on hand-held gadgets this year.
Bob Evans challenged by activists from PETA and other groups who question them about “electrical stunning” to kill poultry.
China Air joins SkyTeam global alliance of airlines.
Chrysler shows off new products to dealers gathered in Atlanta.
Chuck E. Cheese recalls battery-operated kids' toys.Continue reading...
Posted by Shirley Brady on September 7, 2010 05:30 PM
* HP sued former CEO Mark Hurd after Oracle hired him. GigaOm's Mathew Ingram notes why: non-competes are unenforceable in California, but protection of trade secrets is allowed.
* AOL hopes new partnership with Ellen DeGeneres will drive traffic across its network of sites.
* Google TV will launch this year, confirms CEO Eric Schmidt, while today's discombobulated logo baffles Web searchers.
* GM's OnStar is offering free services to combat Ford's Sync system.
* Amazon is pushing manufacturers to make their packages easier to open, hoping to reduce consumer "wrap rage."
* BP pins hopes on "Future BP" positioning.Continue reading...
Posted by Dale Buss on September 1, 2010 09:00 AM
* Amazon is preparing a subscription service to deliver movies and TV shows online.
* AOL is acquiring Rally Up, a location-based social networking service.
* Apple is expected to unveil a souped up Apple TV with Netflix streaming today.
* Blockbuster tests new “early-delivery” marketing strategy as it tries to stave off bankruptcy.
* BP is selling its Malaysian assets to Petronas.
* Burger King talks about a possible sale.Continue reading...