Posted by Dale Buss on November 21, 2011 08:54 AM
Alleghany to buy Transatlantic.
American Apparel acting president quits.
Apple leapfrogs Argos to become 2nd biggest online retailer in the U.K., as textbooks and photography tops its new product priorities and Grand Central NYC store prepares to open and iPhone 4S heads to China.
Berkshire Hathaway to invite Wall Street analysts to annual meeting for once as Warren Buffett, excited about Japan, says company could spend $10 billion on its next acquisition.
Best Buy sees shoppers in Florida camping out since last week for Black Friday.
Chevron accepts responsibility for oil spill off Brazil.Continue reading...
follow the money
Posted by Sheila Shayon on November 16, 2011 11:03 AM
Their timing simply could not be better. BankSimple, the banking 3.0 startup we covered in April, has changed its name to Simple and opened its virtual doors (at Simple.com, naturally) to the public. Not really a bank at all, Simple partners with banks and financial institutions to offer money management services online.
Simple is capitalizing on the growing frustration with big banks and the name change, “is a better representation of what we aspire to. It releases us from the constraints of an industry in desperate need of innovation,” writes Joshua Reich, Simple co-founder and CEO, in a blog post.
The public beta follows a September sneak peak on their blog which stated: "The product isn’t finished. It will never be finished. We’re constantly improving. But we’ve now reached the point where we’ve learned as much as possible from testing internally and in a few weeks we’ll be shipping cards to our first real customers."
Simple offers no fees for ATM withdrawals, no monthly management fees, no overdraft fees, no minimum balance, live customer support and dedicated account interfaces for mobile and web platforms. The goal is no less than to overhaul traditional front-end banking as banks are under increasing public scrutiny for their part in the global financial crisis.Continue reading...
Posted by Barry Silverstein on November 16, 2011 09:55 AM
Retailers always approach the holiday shopping season with a mixture of cautious optimism and trepidation. While this year will be no different, at least one market survey suggests American retailers may be able to breathe a small sigh of relief.
That's because American consumers will spend, on average, 17 percent more money than last year. Americans will spend an average of $831 on gifts this holiday season, $121 more than last year, according to the latest American Express Spending & Saving Tracker report.
But consumers will also be shopping smarter, taking advantage of strategies that will save them money. Pre-holiday shopping is expected to increase by 37 percent over last year. That's one reason Walmart is aggressively promoting its layaway program and pitching a "Christmas Price Guarantee."Continue reading...
Posted by Dale Buss on November 15, 2011 09:01 AM
Amazon projects 5M Kindle sales by year-end.
American Airlines makes long-awaited proposal to pilot union.
American Express expands Small Business Saturday.
Apple strikes up iTunes Match as Google prepares music launch.
AstraZeneca sees that its anti-cholesterol drug Crestor fails to beat Lipitor, by Pfizer, in new study.
AT&T and Verizon expand via cloud services.
BMW launches on-demand music service with MOG.
Cracker Barrel finally targets local customers.
Ford partners with Zynga for Escape launch.Continue reading...
sports in the spotlight
Posted by Shirley Brady on November 7, 2011 06:46 PM
Morgan Freeman is the voice of Visa's new NFL and pre-Super Bowl campaign, aimed at the estimated 198 million American fans of the NFL. As the New York Times' Stuart Elliott notes,
The promotion is centered on a sweepstakes that offers a lucky Visa cardholder a chance to attend Super Bowl XLVI in Indianapolis on Feb. 5 with 10 of his or her family and friends. Cardholders enter the sweepstakes by using their Visa cards. The Visa N.F.L. promotion comes after a popular Visa sweepstakes last year, which offered the winner Super Bowl tickets for life.
No purchase is necessary, and only one entry per week per person is allowed. One option, as Visa tweeted today:Continue reading...
Posted by Dale Buss on October 24, 2011 09:02 AM
Apple tries to leverage lower prices.
Cars.com sets up custom channels on Pandora.
Chipotle finds customers tolerate higher prices.
Dove asks women, "Who inspired you?" in new campaign.
Kia asks NBA star Blake Griffin to soar again.
Kraft keeps investors and advertisers hopping with its "leaping" strategy aimed at hitting home runs.
Mattel to buy preschool brands.Continue reading...
Posted by Shirley Brady on September 20, 2011 05:21 PM
Visa leverages Fundamo unit to boost growth in emerging markets.
Google+ opens up to all and renames group messaging app, while Hangouts API could open social video and +1 function expands to display ads.
UBS grapples with corporate culture in wake of rogue trader.
Amazon nears Kindle Library Lending service launch.
Anthem Blue Cross drops customers who pay by credit card.
Apple iPhone 5 speculation for October continues as brand beats its own American Customer Satisfaction Index performance.
Bombardier signs John Travolta as a brand ambassador.
Comcast aims to bridge digital divide with low-cost broadband plan.
Disney plans to bring Avatar to its theme parks.Continue reading...
Posted by Shirley Brady on September 19, 2011 02:46 PM
Google Wallet was announced in May—an app that makes your phone your wallet—with Citi, MasterCard, Sprint and First Data. With Google Wallet, you can tap, pay and save using your phone and near field communication (NFC). Following testing, today today Google released the first version of the app to Sprint, with the app available on all Sprint Nexus S 4G phones. Google also announced that Visa, Discover and American Express are joining Citi and Mastercard in signing up for o future versions of Google Wallet.Continue reading...