American Apparel seeks rescue financing to avert bankruptcy.

Apple revamps MobileMe, sues Samsung over Galaxy phone; Samsung vows to fight back.

McDonald's launches US hiring blitz today.

Asos could be forced to rebrand in Germany.

BMW's DesignworksUSA expands to China with Shanghai office.

Burger King settles with franchisees over Value Menu.

Dish Network will keep 600 Blockbuster locations open.Continue reading...

Having just aired the fifth title in their movie-production partnership, Procter & Gamble and Walmart also announced that they’ll be delivering one made-for-TV movie to American families about every other month for the rest of the year.

A year after the two giants of their industries placed their first co-produced Family Movie Night production on NBC, P&G and Walmart have pronounced viewer interest and consumer acceptance strong enough for them to keep the franchise going.Continue reading...

BMW and Mercedes outpace rivals in China, as Shanghai auto show opens and a new report shows the most popular brands in China are predominately foreign. Ford's China JV execs mull own brand, while Volkswagen reveals the new Beetle at events in Shanghai, New York and Berlin today. The Volkswagen Group also saw record first quarter sales as China deliveries boom.

VH1 woos female viewers with new programming, while siblings BET, CMT, Comedy Central, MTV, Nick, and Spike remain holdouts on Time Warner Cable's iPad app due to Viacom lawsuit, although Cablevision's iPad app gets only grumbles.

Toyota resumes production at all Japan plants for first time since tsunami, as its Lexus brand slips behind rivals in the US. TEPCO also laid out a plan for shutting down nuclear reactor.Continue reading...

US attorney shuts down online poker sites, while FTC goes after fake news sites hawking acai berry and other diets.

President Obama calls for secure online ID system, as VP Joe Biden calls piracy "outright theft."

Cablevision brings Hulu, iTunes and web video to TV.

John Galliano fired by his namesake fashion label.

Google frustrated by music label talks.

J&J eyes buying Swiss firm, Synthes, for $20B.Continue reading...

ABC's Desperate Housewives renew contracts with eight-figure salaries. 

Amazon launches $25 cheaper ad-supported Kindle.

NFL players, owners ordered to start federal mediation.

Donald Trump goes on the warpath against New York media.

BP gives Florida $30 million for advertising.

Costco undercuts cheapest gas prices but stocks $1M diamond ring.

David Beckham says he will collaborate on a kids clothing line with pal Snoop Dogg.

Experian says 30% of searches came from Bing last month.Continue reading...

ABC finds that Dancing With the Stars rates — ahead of President Obama’s Libya speech.

Aldi thrives in opening urban locations in the U.S.

Amazon beats rivals into the cloud.

Apple’s iPad could one day be charged by the human heart.

AT&T sees 4G issues, girds for T-Mobile deal scrutiny.

BP is making death settlements in the Gulf oil spill beginning at $8 million per person.Continue reading...

Angry Birds raises $42 million in capital.

Apple sales of iPad2 may outpace first model.

Chrysler fires new-media agency over f-bomb Tweet.

Diageo targets US trade with shopper-marketing emphasis.

Galleon Group wiretaps heard by insider-trading jury.

Gannett may charge for content.

HP and MindTree benefit from AOL restructuring.Continue reading...

GM sells more vehicles in China than in the US for the first time. GM also plans to award a new Chevrolet Camaro convertible to the Super Bowl MVP. 

The Kings Speech leads with a dozen just-announced Oscar nominations.

Adobe survey finds readers engage with iPad ads.

Amazon steps up push into home-delivered groceries.

Apple plans to introduce a service that would let users pay with iPhones.

Bacardi rethinks web strategy.Continue reading...