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 Dale Buss on October 30, 2013 09:22 AM
Amazon rolls out Kindle MatchBook program that bundles print books with discounted e-books.
Dell is officially private.
Twitter rolls out richer feed with videos, images.
AT&T puts Halloween twist on "It's not complicated" campaign with cute kids.
Barnes & Noble turns out new, lighter Nook Simple Touch GlowLight.
BlackBerry met with Facebook on potential bid.
British American Tobacco apoligizes for advertising e-cigarette brand in kids' app.
CBS said to be developing streaming news channel.
Chevrolet faces "B Strong" backlash.
Chrysler profits are boosted by pickups and SUVs.
Comcast's rebranded Xfinity TV Go app will stream like TV from anywhere.
Facebook reportedly offered $1 billion to buy Snapchat.Continue reading...
Posted by Dale Buss on October 29, 2013 09:23 AM
Apple sees profits fall despite higher sales of iPhones and offers disappointing holiday forecast.
Red Bull is subject to big wrongful-death suit.
Sears considers spinning off Lands End unit.
Air Serbia launches in Europe.
Boeing considers non-union plant for 777x.
Burger King may rescue corporate cousin Heinz after McDonalds ketchup snub.
Consumer Reports drops Toyota Camry from its recommended list over crash test.
GM lifts Opel marketing in Russia.
Google amends EU antitrust proposals as it looks to triple number of Glass testers and prepares to launch smartwatch.
Guess signs first Indian model, Priyanka Chopra, as new brand ambassador.Continue reading...
Posted by Dale Buss on October 17, 2013 09:29 AM
Amazon launches 'Amazon Fashion Studio Sessions' contest.
Facebook changes privacy settings for teens.
Walmart pursues omnichannel vision and is cleared by India officials in 2010 purchase.
America Movil scraps KPN bid.
Apple deals with doubts about its iPhone strategy.
Boeing addresses icing problem in latest jet.
Dallas Cowboys owner Mark Cuban cleared of insider-trading charges.
Fiat needs cash now locked up in Chrysler to fully revive Alfa Romeo.Continue reading...
Posted by Dale Buss on October 7, 2013 11:15 AM
California isn't always a bellwether; just ask Fiat dealers outside the Golden State. California consumers buy about one-quarter of all Fiats sold in the US now, but enthusiasm for the brand decidedly has not spread eastward like bell-bottomed jeans or bleached-blonde hair.
And that's a growing problem for Fiat and Chrysler. While the companies are locked in a game of chicken with the United Auto Workers over the value of Chrysler stock, CEO Sergio Marchionne is hearing increasing complaints from American Fiat dealers that instead of being a silk purse from a sow's ear, the Fiat brand has proven to be more like a pig in a poke.
"It's sad to say, but [Fiat has] become a stepchild," one Fiat dealer anonymously told Automotive News. "Chrysler doesn't want to hear that, but that's the reality."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 4, 2013 09:34 AM
Amazon greenlights three new TV pilots and readies set-top box.
Samsung predicts record operating profit.
Chevrolet tries on Google Glass.
Banana Republic creative director steps down after five years at the brand.
Boeing sees commercial deliveries rise.
Cars.com plans to sit out Super Bowl after six years in Big Game.
Facebook reveals plans for Instagram.
Fiat isn't close to deal with UAW for Chrysler stake.Continue reading...
Posted by Dale Buss on September 25, 2013 04:52 PM
Everyone involved in the 2009 bailout of Chrysler by the US government and Fiat knew that at some point there would be a vestigial mess to clean up even after the two parties, with the United Auto Workers, rescued the company financially and set the stage for the four-year sales boom and brand revival that the Detroit automaker has enjoyed.
Welcome to that mess. Fiat CEO Sergio Marchionne is trying to wrap up the four-year transformation of Chrysler by taking control of the last part of the company that is controlled by the UAW because of the concessions that it and its members made to help keep Chrysler alive four years ago. But he's got to get the union to give up that stake at an optimum price for Fiat, and he's having trouble doing that right now.
Marchionne is saying that he's planning an IPO for Chrysler soon, which would place a market value on Chrysler stock that he says is being overvalued by the union. Presumably that would help wrap things up, but perhaps at a price that Marchionne deems too high. So he has threatened for Fiat to back away from its increasing entanglement with Chrysler.Continue reading...