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In the News: CEO Shuffle, Apple's Core, Mattel Eyes HIT

Posted by Shirley Brady on October 18, 2011 08:45 AM

Air France replaces CEO, Mercedes-Benz USA CEO is ousted in Daimler exec shuffle, and Olympus shares plunge as its CEO is fired.

Apple sells 4 million iPhone 4S units in first weekend, as Samsung sues to block the device in Japan and Australia and HTC loses Apple patent case in US. Steve Jobs' Silicon Valley memorial service reportedly filled with humor and music, as company prepares to honor late co-founder and report earnings on Tuesday. Starbucks and Apple are also partnering in the UK on free music downloads.

Mattel eyes UK's HIT Entertainment, home to Thomas the Tank Engine and other kids' properties.

Bank of America posts $6.2 billion quarterly profit, while Goldman Sachs reports $428 million loss.

BlackBerry customers receive free apps and tech support to make amends for outages.

BMW brings Mini to India.

Cadbury promotes Halloween Screme Eggs.

Cartier signals luxury rebound in Japan.

Citigroup earnings rise 74%.

Disney and Microsoft seal Xbox deal.

Ford develops text-message reading feature.

GE CEO Jeff Immelt expresses confidence.

Google and Viacom resume copyright spat over YouTube.

Groupon and LivingSocial accused of inflating prices.

Hungry Jack's adopts new tagline in Australia.

IBM sees share sell-off on disappointing Q3.

Intel projects 15 billion web-connected devices.

Krispy Kreme expands in the UK.

Liz Claiborne surges on brand sale.

LVMH sales defy Q3 gloom, with Bulgari helping boost profits.

Michael Wolff leaves Adweek as executive editor reassures readers.

Microsoft shows touch screen for any surface.

Motorola unveils Droid Razr.

MTV leverages social media for new content.

New York Times top editor Jill Abramson ramps up digital strategy.

Philips cuts 4,500 jobs as profits fall.

Richard Branson dedicates Virgin Galactic spaceport.

Salesforce CEO credits Facebook for driving innovation.

Samsung rolls out cross-platform ChatOn feature.

Stan Lee creates new comic book series for kids.

Starbucks CEO Howard Schultz seeks to redefine role of business in society.

Twitter CEO Dick Costolo confirms $8 billion valuation, 250 million tweets per day, and talks up promoted tweets in wide-ranging talk.

Vente-Privee targets US.

Walmart China chief steps down.

Yahoo vexed by weak ad sales as sale talk continues.

& will.i.am urges brand marketers to "communite."

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