Posted by Shirley Brady on May 30, 2012 05:42 PM
BlackBerry-maker Research in Motion saw its shares slump today after warning Wall Street that it's forecasting an operating loss for the first quarter. With the company hiring bankers at JPMorgan and RBC to explore a sale, investors worried and layoffs looming, the Canadian government dismissed rumors of a possible takeover.
Other brand news:
Best Buy store closures spur Walmart ads.
NYC mayor Michael Bloomberg bans sale of large sodas and sugary drinks.
GM is shifting Chevrolet ad budget from Super Bowl to sponsoring the popular Manchester United soccer team.
Disney Channel joins the TV Everywhere brigade.
Exxon Mobil shareholders approve executive pay.Continue reading...
Posted by Dale Buss on May 29, 2012 09:03 AM
Amazon gets ready to move on Apple in mobile ad space.
BP is investigated on estimates of Gulf leak.
Dewey & Leboeuf bankruptcy marks biggest collapse of a law firm in U.S. history.
Facebook stock performance creates more turmoil as site is reportedly ready to pay $1B for Opera as mobile platform and is eyeing Face.com acquisition.
Ford aims to catch up production with hot U.S. demand.
GM wanted to change ad slots on Facebook.
Groupon looks to reimburse subscribers with unused deals.
JPMorgan Chase faces probe in Japan as firm tries to offset trading loss.Continue reading...
Posted by Shirley Brady on May 28, 2012 08:59 AM
BlackBerry-maker RIM plans to slash staff.
P&G will change candy-resembling Tide Pods on child safety concerns.
Formula One wins court challenge overturning 'F1' trademark.
Amazon will sell pre-paid wireless service in Japan.
Apple applies for patents on advanced stylus.
Two years after BP oil spill, tourists return to US Gulf.
Cisco pulls the plug on its Cius tablet.
ExxonMobil to vote on gay protections.
Facebook is reportedly developing a smartphone (with ex-Apple engineers).Continue reading...
Posted by Dale Buss on May 18, 2012 09:01 AM
Facebook heads into IPO today with record pricing and a strategy to raise money, not hype, WSJ says — but also with persistent questions among brand marketers about the value of advertising, among other challenges. Meanwhile, average investors face long odds on a big Facebook payday, which will make Bono the richest rock star and Mark Zuckerberg richer than Google's co-founders.
Yahoo names new executive team as Alibaba deal apparently looms.
HP plans to slash workforce by up to 30,000, WSJ says.
Bud Light is drawing online buzz from Millennials.
Amazon to sell ads on Kindle Fire welcome screen.
Barneys New York relaunches website.
Coca-Cola bests Pom Wonderful in court in latest round of long-running labeling dispute.Continue reading...
Posted by Dale Buss on May 14, 2012 09:02 AM
Yahoo CEO and five board members step down as Ross Levinsohn named interim CEO and Scott Thompson discloses he has cancer.
Apple drops "4G" from UK iPad ads and reportedly bringing retina display to MacBook Pro while Foxconn prepares for Apple TV production.
Facebook co-founder renounces U.S. citizenship to avoid $600M in taxes as almost-over IPO roadshow focuses on mobile and Apple co-founder Steve Wozniak wants in. (Also, wish Mark Zuckerberg a happy 28th birthday today.)
ABC bids adieu to Desperate Housewives.
Ally mortgage unit files for bankruptcy.
Avon weighs sweetened offer from Coty. (Update: Coty withdrew its offer late Monday.)Continue reading...
Posted by Dale Buss on April 26, 2012 08:59 AM
Ancestry.com acquires Archives.com for $100 million.
Anheuser-Busch warns UFC about fighters' inappropriate comments.
Apple now gets one-fourth of its revenue from China as CEO emerges from Jobs's shadow.
Bausch & Lomb shifts focus from contact lenses.
Bottega Veneta launches personalized fashion.
Burberry passes New York Times critique of designer lines for kids.
Burger King faces higher costs after decision to go cage-free.
Chrysler quadruples first-quarter profits and slow-walks investment in China.Continue reading...
Posted by Shirley Brady on April 25, 2012 09:01 AM
Apple profit rises 94% on global iPhone demand, while iPhone also boosts Sprint.
Benetton founder hands reins to son.
bmi airline future hangs in the balance.
BMW stretches 3-Series for China.
Burger King makes commitment to animal welfare standards, expands Whopper Bar in Canada.
Citigroup takes over ATP World Tour tennis sponsorship from Legg Mason.
Facebook may be developing a smartphone with HTC.
Ford faces UK strike action.Continue reading...
Posted by Dale Buss on April 4, 2012 09:01 AM
AT&T faces possible union walkout.
Ally promotes financial literacy.
Audi, BMW and Mercedes-Benz reap luxury-sales gains in China.
Burger King plans to go public again in surprise move, selling $1.4 billion stake.
Coca-Cola remains UK's top grocery brand.
Delta counters industry gloom with late-March surge.
Facebook countersues Yahoo in patent spat.
Fisker debuts new plug-in as manufacturing plans hang in doubt.
Groupon hit with shareholder suit.Continue reading...