Posted by Dale Buss on November 4, 2013 09:02 AM
BlackBerry sale to Fairfax falls apart as $1 billion in funding is secured, CEO Thorsten Heins steps down and shares plunge.
Kellogg plans to trim 7% of workforce by 2017 as part of global restructuring.
American Airlines and US Airways merger cleared in US, but only with broad divestitures.
AB InBev sees strong growth for Budweiser in Russia.
Alcatel-Lucent seeks to raise $2 billion for turnaround plan.
Apple's gold iPhone 5s continues flying off shelves, while Apple CEO Tim Cook backs LGBT anti-discrimination bill.
Billabong sells Canadian retail chain West 49.
Chevron pumps up spending to boost production.
Dr Pepper finds formula to Facebook success.Continue reading...
Posted by Dale Buss on October 3, 2013 09:33 AM
Target launches own pre-paid mobile brand.
Angie's List cuts prices and pursues new members.
Burger King "changes name" in social media posts.
Audi plans to boost booming European subcompact market with Q1, report says.
BMW puts South Africa expansion plans on hold after labor strikes.
BP wins partial reprieve from oil-spill payments.
Budweiser fails to maintain buzz with its iconic packaging, report says.
Chrysler cuts Viper output amid slow sales.
Coca-Cola and PepsiCo are assailed by Oxfam over "land grabbing" in supply chains.
Filippo Berio launches largest-ever ad campaign.Continue reading...
chew on this
Posted by Dale Buss on September 27, 2013 10:52 AM
McDonald's biggest nod toward better-for-you food is already placating some critics, and there's another benefit: Helping kids and their parents eat healthier fare at its restaurants may boost chain sales results that have become tepid lately in the US market.
In cooperation with a Bill Clinton-backed nonprofit, McDonald's has announced a sweeping new commitment to better-for-you eating that includes promoting only water, milk and juice rather than soft drinks for Happy Meals on its menu boards and in advertising, emphasizing nutrition in its packaging and advertising for kids, and offering side salads and fruit to accompany its value meals.
"We think we can influence the purchase of fruits and veggies," McDonald's CEO Don Thompson told the Wall Street Journal. "We have a leadership role and we can be part of a solution. The average person eats at McDonald's three times a month."Continue reading...
brands under fire
Posted by Sheila Shayon on August 29, 2013 12:03 PM
Fast-food workers in 50 US cities plan to walk off their jobs today in the latest—and largest—demonstration to pressure employers to allow workers to organize, and increase the minimum wage from $7.25 to $15 per hour.
While a movement has been building since last year, employers have witnessed a resurgence in the demands for greater pay and unionized benefits, with a multi-city protest organized at the end of July.
"The workers are responding to total failure on behalf of the federal government to raise the minimum wage to keep up with inflation and the cost of living," Tsedeye Gebreselassie, attorney at the National Employment Law Project, told Reuters.
Employees of McDonald’s, Wendy's, Burger King and other QSR companies will be joined in protest by retail employees from stores such as Macy's, Sears, and Dollar Tree.Continue reading...
Posted by Dale Buss on August 29, 2013 09:28 AM
Verizon Wireless may soon buy out Vodafone stake.
Coca-Cola sees public-health battle over soda consumption flare in Mexico.
Renault sees operating chief quit amid speculation he may head for Detroit.
Amazon adds to server-market woes with its push to the cloud.
American Airlines and US Airways open to deal on antitrust concerns.
BlackBerry sees "savior" keyboard-equipped Q10 fall flat.
Carrefour's cost-cutting begins to bear fruit.
Chrysler strikes deal with Rush to promote its SRT performance brand.
Cinnabon outlines growth strategy.
GM tries to revive sales by boosting mileage of 2014 Chevrolet Malibu.Continue reading...
Posted by Dale Buss on August 12, 2013 09:35 AM
Apple will debut next iPhone on September 10, report says.
Kraft launches comeback plan for Jell-O.
Tesco set to withdraw brand from China.
AOL pushes to make Patch profitable.
Amazon may expand grocery service to New York, report says.
BlackBerry weighs selling itself.
Crocs tussles with Wall Street.
Daimler plans to expand Smart brand in China.
Ford steps up training of assembly workers in wake of shaky launches.
Fox talks with NBC about doing Hillary Clinton miniseries.
GM plans to scale back Korea operations in wake of higher costs, stronger unionism, report says.
Honda tries to save American drive-ins.Continue reading...
brands under fire
Posted by Sheila Shayon on July 29, 2013 05:32 PM
And the wage wars continue. Hundreds of workers at fast food chain outlets across New York City took to the streets Monday to strike for higher wages, demanding the standard wage be raised to $15 per hour, more than twice the $7.25 minimum wage that fast food employees currently earn.
Organizers from New York-based Fast Food Forward said the strike affected around 60 restaurants operated by McDonald's, Wendy's, KFC and Burger King. "A lot of the workers are living in poverty, not able to put food on the table or take the train to work. They are striking because they can't continue to maintain their families on the wages they're being paid in the fast food industry, said director Jonathan Westin, according to AFP.
Protests are scheduled to take place this week in Chicago, Detroit, Flint, Mich., Kansas City, Milwaukee and St. Louis. "It will be by far one of the biggest actions (in the sector) this country has seen so far," Westin predicted.Continue reading...
Posted by Dale Buss on July 18, 2013 09:32 AM
CVS and Walgreens ban Rolling Stone over Tsarnaev cover.
Coca-Cola ad banned in UK over exercise claims.
Ryanair to sell advertising on planes.
Dell putting off vote today on founder's buyout proposal.
ArcelorMittal scraps steel project planned for India.
CBS markets new show using American flags as mouth gags.
Carrefour gains ground in France.
Eli Lilly plans to freeze wages to cope with patent cliff.
Ford makes inroads on Toyota in California.
Formula One CEO indicted for bribery.
Fox tries for comic-book comeback with movies.Continue reading...