Posted by Dale Buss on March 21, 2011 09:00 AM
AT&T explained why it's shelling out $39 billion for T-Mobile to create America's biggest wireless carrier in a conference call this morning (WSJ.com has more) while Sprint is "left scrambling" and JPMorgan trumps Goldman Sachs with deal.
Japan food brands face consumer fears of contamination as Tepco nuclear plant situation continues. Sony and Nissan are also resuming operations, while YouTube promotes a video people-finder to aid search and rescue efforts. Swiss Re estimates Japan claims at $1.2 billion.
Berkshire Hathaway seeks more big acquisitions — but not technology.
Boeing launches newest 747 on its maiden flight.
Diageo is reportedly weighing a $2 billion bid for Jose Cuervo.Continue reading...
Posted by Dale Buss on March 17, 2011 09:00 AM
US announces Japan evacuation plan as more "heroic workers" battle radiation crisis.
Acura extends cross-promotion deal with W Hotels.
Amazon pressured to pay state sales taxes from brick-and-mortar retailers including Wal-Mart and Target.
Citi tops list of banks that received federal aid.
Coca-Cola sees Diet Coke overtake Diet Pepsi for the first time.
GE, eBay and Aflac ranked among the world’s “most ethical” companies.
Groupon said to discuss IPO with valuation of up to $25 billion.Continue reading...
Posted by Dale Buss on March 16, 2011 09:00 AM
As Japan crisis continues and Tokyo Electric Power raises concerns, GE's $1 billion nuclear business is at risk as US ponders future of nuclear energy. The estimated hit to Japan's economy (so far): $200 billion.
AOL is repositioning to attract more women.
Chicago tests 911 cellphone pictures and video.
Daimler weighs paying higher dividends.
Facebook patents curated search.
Guinness to roll out soccer-themed game show in Africa.Continue reading...
Posted by Shirley Brady on March 9, 2011 06:00 PM
Walmart's first Express mini-store is coming to Arkansas.
Morgan Stanley is preparing layoffs.
NPR Ombudsman will be interviewed by CNN's Piers Morgan tonight, as PBS confirms it was targeted by the same sting operation.
ANA responds to FTC on "do not track" issue.
BBC reports that its news crew in Libya was detained and beaten by Gaddafi forces.
Carlos Slim tops Forbes' 2011 list of world's richest; Bill Gates is #2.
Foursquare rolls out biggest product launch in its history, including deals-based "specials" for advertisers.Continue reading...
Posted by Dale Buss on March 7, 2011 09:00 AM
Apple frustrates rivals who are trying to beat iPad’s price.
BBC announces agencies for branding and creative duties.
Disney's ABC Family channel spins gold in dramas.
Baby Gaga makers face possible legal action by Lady Gaga over breast-milk ice cream.
Bank of America looks forward to “normal” performance.
Barclays CEO gets huge bonus.
CBS hopes to conclude Charlie Sheen saga as Mark Cuban approaches him for HDNet project.Continue reading...
Posted by Dale Buss on March 1, 2011 12:00 PM
Wal-Mart and Carrefour are just two of the global brands that are being confronted these days by the rising costs of doing business in China in the face of price constraints, faltering consumer demand, and burgeoning inflation in (cue drums) The World’s Largest Market.
Yet at the same time, other brands including Yum! continue to prosper in China.
So what’s going on? The basic problem is that rising input costs — such as skyrocketing wheat prices, and increasing wages — are skewing somewhat the bargain-basement economics that have made China the most robust economy in the world. Beijing has pushed back with retail-price controls, putting retail brands in a vise.Continue reading...
Posted by Barry Silverstein on March 1, 2011 11:00 AM
Last week we saw GoodGuide come out with sustainability grades and give Levi Strauss an A for do-gooder denim moves.
Today sees the formal launch of an industry-based Sustainable Apparel Coalition, an almost unimaginable collection of commercial companies (including Levi Strauss) and brands, governmental agencies, and nonprofit organizations. The group is out to change the world by developing a set of common metrics and standards.
They may not have the flashiest logo, but they have bigger aims: namely, to develop "a comprehensive database of the environmental impact of every manufacturer, component and process in apparel production, with the aim of using that information to eventually give every garment a sustainability score," according to the New York Times.Continue reading...
Posted by Dale Buss on March 1, 2011 09:00 AM
ABC's Oscars TV ratings on Sunday dropped 10% from a year ago.
Berkshire Hathaway adds to possible successors to Warren Buffett.
Carlyle Group buys Japanese auto-parts firm.
Charlie Sheen circus continues with part 2 of Today Show interview.
CNN is taking Piers Morgan on a roller-coaster ride.
Dior loses as Natalie Portman severs ties with brand following anti-Semitic remarks by John Galliano.Continue reading...