BusinessKnowMoreMedia: November 2006 Archives

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Nov30	Microsoft Unveils New Operating System Marta Wells November 30, 2006 Know More: Google 2.0, Google Available to business customers only, Microsoft (MSFT) rolled out new versions of its market dominating desktop programs, Windows and Office. Over the next year Microsoft will also unveil new offerings that the company hopes will combat a rising challenge from Internet-based software. The new products, led by Windows Vista and Office 2007, will not arrive in the consumer market until after the holiday shopping season, on Jan. 30. Vista has been plagued by repeated delays, coming a lengthy five years after the previous version of Windows operating system. Microsoft vowed they will not let that kind of gap ever happen again, according to this NYTimes.com article. Microsoft hopes to work with its server software to increase productivity by making it easier for workers to collaborate in online teams, retrieve and reply to e-mail by phone using voice-recognition software, and easily search for information inside their laptops or across their corporation. Microsoft is fully acknowledging the importance to customers of Internet-based software, of which Google (GOOG) is a great example, with an additional offering of Web-based document processing. To learn more about Vista features and how the delay will effect PC makers and software developers by read the full article here. Posted at 5:18 PM \| Permalink \| Comments
Nov30	GM Will Make Plug-In Hybrid Vehicle Marta Wells November 30, 2006 Although the technology is years away, General Motors (GM) became the first automaker to announce plans to build a plug-in hybrid vehicle. Plug-in gas-electirc hybrids ensure that a car will go further on a gallon of gas and with the... Continue Reading Posted at 8:36 AM \| Permalink \| Comments
Nov29	Wal-Mart Announces Video Download Service Marta Wells November 29, 2006 Wal-Mart (WMT), who already dominates the country as the largest seller of movies, has announced they will compete in the video download service arena on their Web site, in competition with such companies as Apple (AAPL), Google (GOOG), Comcast (CMCSA)... Continue Reading Posted at 1:11 PM \| Permalink \| Comments
Nov28	Scottish Power Accepts $22.5 Billion Buyout Bid Marta Wells November 28, 2006 Iberdrola SA (IBDRF.PK), a Spanish utility company has offered a $22.5 billion buyout offer for Scottish Power PLC (SPI) and they have accepted. The deal would create one of Europe's biggest utilities. A rival bid is still a possibility... Continue Reading Posted at 9:35 AM \| Permalink \| Comments
Nov27	JC Penney and Kohls Fight For Moderate Income Shoppers Marta Wells November 27, 2006 JC Penney (JCP) and Kohl's (KSS) are going for the middle-income shoppers that think Macy's is too expensive and Wal-Mart (WMT) is too low budget. Kohl's posted a stunning 16.3 percent September gain in sales Penney's up 8.7 percent, doing... Continue Reading Posted at 8:54 PM \| Permalink \| Comments
	Is Home Depot Chief's Pay Based On Performance or Connections? Marta Wells November 27, 2006 Home Depot (HD) chief executive, Robert L. Nardelli, has been awarded $245 million in the last five years despite the fact that the company's stock has declined by 12 percent while competitor, Lowe's (LOW), has increased by 173 percent.According to... Continue Reading Posted at 9:48 AM \| Permalink \| Comments
Nov24	Wal-Mart Will Offer Retail Banking in Mexico Marta Wells November 24, 2006 Wal-Mart (WMT) might not be finding it easy to move into banking here in the U.S. but in Mexico plans for opening their own bank are meeting a different reception.Final approval for the bank has been given by the Finance... Continue Reading Posted at 11:18 AM \| Permalink \| Comments
Nov22	Comcast, Disney Sign Multibillion-dollar Deal Marta Wells November 22, 2006 Walt Disney Co. (DIS) announced two monumental deals yesterday. One with Payless ShoeSource and one with Comcast Corp. (CMCSA). The Comcast deal will allow the cable operator to distribute Disney content through its video-on-demand service.As part of the multiyear deal,... Continue Reading Posted at 3:50 PM \| Permalink \| Comments
	Alcoa Plans to Cut 6,700 Jobs Worldwide Marta Wells November 22, 2006 Alcoa Inc. (AA) announce yesterday that they plan to cut 6,700 jobs worldwide over the next year as part of a plan to boost profits. The aluminum maker also stated it will form a joint venture with Sapa Group... Continue Reading Posted at 9:07 AM \| Permalink \| Comments
Nov21	Disney & Payless ShoeSource Working Together On Shoe Design, Marketing Marta Wells November 21, 2006 Walt Disney Co. (DIS) announced that they will work with Payless ShoeSource Inc. (PSS) on a line of Disney-themed footwear, a deal that essentially cuts out the licensing middleman.The direct-to-retail agreement will have Disney collaborating with Payless to develop and... Continue Reading Posted at 4:43 PM \| Permalink \| Comments
	News Corp Pulls Simpson Book and Broadcast Project Marta Wells November 21, 2006 The people have spoken and the News Corporation (NWS-A) has listened to the intense pressure from not only outside the company but inside as well, and pulled their plans to publish a book and broadcast an interview with O.J. Simpson,... Continue Reading Posted at 8:44 AM \| Permalink \| Comments
Nov20	Yahoo Partners With Seven Newspaper Chains Marta Wells November 20, 2006 Seven newspaper chains representing 176 daily papers across the country has announced a partnership with Yahoo! Inc. (YHOO). They will share content, advertising and technology, a sign that the hesitant and wary newspaper industry is increasingly willing to work with... Continue Reading Posted at 11:18 PM \| Permalink \| Comments
	Blackstone Group Makes the Largest Leveraged Buyout in History Marta Wells November 20, 2006 The largest leveraged buyout in history was made by Blackstone Group, a private investment firm, in their acquistion of Equity Office Properties Trust (EOP), the nation's largest office-building owner and manager for a record $36 billion. The deal surpasses the... Continue Reading Posted at 9:01 AM \| Permalink \| Comments
Nov17	Barnes & Noble, Borders to Carry O.J. Simpson Book Marta Wells November 17, 2006 Barnes & Noble Inc. (BKS) and Borders Group Inc. (BGP), the nation's two largest superstore chains will sell the new O.J. Simpson book. Borders is expecting "strong sales" and will donate any profits to a charity, currently undetermined, that opposes... Continue Reading Posted at 5:56 PM \| Permalink \| Comments
	Did You Sleep Out For Your Sony Playstation 3? Marta Wells November 17, 2006 Did you camp out with your $600 dollars clutched tightly in your hot little hand? You weren't alone as others around the nation gathered their money, sleeping bag and warm clothing for their chance at the new PlayStation 3 made... Continue Reading Posted at 9:13 AM \| Permalink \| Comments
Nov16	Time Warner's AOL Loses Blogger and Entrepreneur Marta Wells November 16, 2006 Time Warner Inc.'s (TWX) AOL loses Jason Calacanis, the outspoken blogger and entrepreneur who ran AOL's Netscape division, when he resigned today in the wake of firing AOL's chief executive, Jonathan Miller. Calacanis sold his company, Weblogs Inc., a network of... Continue Reading Posted at 11:27 PM \| Permalink \| Comments
	Clear Channel Communications Bought For $18.7 Billion Marta Wells November 16, 2006 The nation's largest network of radion stations, Clear Channel Communications Inc. (CCU), was bought by a consortium that includes Thomas H. Lee Partners and Bain Captial for $18.7 billion. Thomas H. Lee Partners and Bain had also been considered to... Continue Reading Posted at 9:06 AM \| Permalink \| Comments
Nov15	US Airways Makes A Bid For Delta Air Lines Marta Wells November 15, 2006 In an effort to become the largest airline in the world and dominate travel on the East Coast of the United States, US Airways Group, Inc. (LCC) made an $8 billion surprise offer for Delta Air Lines Inc. (DALRQ.PK).The unsolicited... Continue Reading Posted at 9:28 PM \| Permalink \| Comments
Nov14	Apple Makes Deal With Airlines to Play iPods Marta Wells November 14, 2006 Apple Computer Inc. (APPL) has partnered with four major airlines to allow iPods to connect to in-flight entertainment systems to allow passengers to watch their favorite videos without running out of battery power. The four carriers are Continental Airlines Inc.... Continue Reading Posted at 10:46 PM \| Permalink \| Comments
	Microsoft Wants to Play Nice Marta Wells November 14, 2006 Competing software companies are looking forward to Microsoft Corp.'s (MSFT) unveiling of a technology industry alliance today, that will make everyone play nice together.Microsoft senior vice president, Bob Muglia, will announce the details of the alliance in Barcelona, Spain at... Continue Reading Posted at 1:27 PM \| Permalink \| Comments
Nov13	Wal-Mart Pulls T-Shirt After Blogger Complains Marta Wells November 13, 2006 Wal-Mart Stores Inc. (WMT) is pulling a skull-and-crossbones T-shirt from it shelves after a blogger complained on his online journal that the image was identical to a Nazi SS emblem from World War II. Rick Rottman was shopping in Wal-Mart... Continue Reading Posted at 9:40 PM \| Permalink \| Comments
	GE and PepsiCo Decide To Go Offbeat In Advertising Marta Wells November 13, 2006 General Electric Co. (GE) and PepsiCo Inc. (PEP) are getting creative in their marketing and advertising efforts and are both using, coincidentally, the same creative and media agencies; Omnicom Group Inc.'s (OMC) BBDO Worldwide and OMD to accomplish this goal.... Continue Reading Posted at 12:17 PM \| Permalink \| Comments
Nov10	Amazon Announces Ambitious Sales Strategy Marta Wells November 10, 2006 The Web 2.0 Summit saw dialog between Amazon.com (AMZN) CEO Jeff Bezos and tech book publishing magnate and conference co-host Tim O'Reilly, about Amazon's new sales strategy of providing Web based services.The company is offering a new S3 service, S3... Continue Reading Posted at 10:07 AM \| Permalink \| Comments
	Brands Begin to ProduceTheir Own Shows Marta Wells November 10, 2006 Don't like commercials ruining your favorite show? Well what if the commercial IS the show? Such companies as Burger King Corporation (BKC) and Anheuser-Busch Companies Inc. (BUD) are marketing their products in just such a way.Burger King is making a... Continue Reading Posted at 8:23 AM \| Permalink \| Comments
	Time Magazine To Make Some Changes Marta Wells November 10, 2006 Time Inc., a division of Time Warner Inc. (TWX), is making some big changes hoping to gain back the seemingly insurmountable lead that has begun to slip.Time has seen some difficult changes of late including a reduction of staff at... Continue Reading Posted at 2:02 AM \| Permalink \| Comments
	3M Sells Drug Business for $2.1 Billion Marta Wells November 10, 2006 The 3M Co. (MMM), best known for its Post-it notes, announced it is selling its branded drug business for nearly $2.1 billion in three separate deals.Graceway Pharmaceuticals Inc. of Bristol, Tenn., will buy 3M's pharmaceutical operations in the U.S., Canada... Continue Reading Posted at 1:09 AM \| Permalink \| Comments
Nov 9	Wal-Mart Opts for Merry Christmas Instead of Happy Holidays Marta Wells November 9, 2006 Wal-Mart Stores Inc. (WMT) is bringing "Christmas" back into marketing, after several years of playing down the term.Wal-Mart is banking on Christmas cheer to be a hot trend this season even as other retailers that include Kohl's Corp. (KSS) and... Continue Reading Posted at 10:18 PM \| Permalink \| Comments
	Pills Manufactured by Perrigo Co. Being Recalled Marta Wells November 9, 2006 A recall that affects 11 million bottles containing varying quantities of 500-milligram acetaminophen caplets made by the Perrigo Co. (PRGO) that have been contaminated with metal fragments.The pills have been sold under store brands by Wal-Mart Stores Inc. (WMT), CVS... Continue Reading Posted at 8:34 PM \| Permalink \| Comments
	GM and Ford Place High On Reliability Survey Marta Wells November 9, 2006 Consumer Reports magazine named 47 vehicles today to its 2007 list of most reliable cars. Although Japanese automakers dominated the survey General Motors Corp. (GM) and Ford Motor Co. (F) both placed high with their new models.Of the 47 listed... Continue Reading Posted at 8:21 PM \| Permalink \| Comments
	Fannie Mae and Freddie Mac Tighten Up Practices Marta Wells November 9, 2006 Fannie Mae (FNM) and Fannie Mac (FRE) chief regulators have tightened up the rules for overseeing accounting, executive compensation and corporate governance practices at the two mortgage finance giants, reports the WashingtonPost.The changes are intended to address problems the Office... Continue Reading Posted at 2:03 PM \| Permalink \| Comments
Nov 8	Two Billionaires Bid For the Tribune Marta Wells November 8, 2006 Chicago-based Tribune Co. (TRB), the parent company of the Los Angeles Times and other media properties, find that two Southern California billionairs who showed an interest in the Times have decided they will join forces to buy the whole kit... Continue Reading Posted at 9:47 PM \| Permalink \| Comments
	Cisco Systems Earnings Soar Marta Wells November 8, 2006 San Jose-based Cisco Systems Inc. (CSCO) reported first-quarter earnings that leaped 28 percent over last years despite the careful spending customers made to upgrade their networks to accommodate faster Internet traffic. Cisco, the world's largest maker of networking equipment such... Continue Reading Posted at 9:00 PM \| Permalink \| Comments
	Blogs and YouTube Cover the Elections Marta Wells November 8, 2006 Blogs have begun to transform modern media and they have now firmly placed themselves as players in the democratic process with the recent coverage of the plagues that beset the new voting machine malfunctions. Bloggers took advantage of the video-sharing... Continue Reading Posted at 10:32 AM \| Permalink \| Comments
	Disney to Open Video Game Studio Marta Wells November 8, 2006 Walt Disney Company's (DIS) Buena Vista Game unit will start a video game studio that will focus on creating new and Disney-inspired titles for Nintendo's hand-held DS player and Wii console. The unit, called the Fall Line Studio, is based... Continue Reading Posted at 7:41 AM \| Permalink \| Comments
Nov 7	Allied Capital Denies Role in Pretexting Marta Wells November 7, 2006 Five vocal critics of Allied Capital Corporation (ALD), a public company that provides loans to smaller companies, claim they are victims of pretexting--impersonating an individual to obtain confidential information.The company has denied any role in the alleged pretexting to obtain... Continue Reading Posted at 11:53 PM \| Permalink \| Comments
	Tribune Company Fires Los Angeles Editor Marta Wells November 7, 2006 The editor of The Los Angeles Times defied orders from his corporate bosses to cut jobs so instead he lost his when he was forced out by Tribune Co. (TRB).The newsroom was shocked as they received the news while they... Continue Reading Posted at 10:31 PM \| Permalink \| Comments
	Palm Sued Over E-Mail Technology Marta Wells November 7, 2006 After successfully suing the maker of Blackberry devices for infringement of wireless e-mail patents, NTP is now going after Palm, Inc. (PALM), the maker of the Treo smart phone. NTP claims in their lawsuit, filed in Richmond where they are... Continue Reading Posted at 12:30 PM \| Permalink \| Comments
	Comcast Will Carry News Corp's Business News Channel Marta Wells November 7, 2006 The News Corp. (NWS-A) has planned a new business cable channel and has moved a step closer to reality by reaching a deal with Comcast Corp. (CMCSA), the nation's biggest operator of cable television systems, to carry it. The new network... Continue Reading Posted at 10:11 AM \| Permalink \| Comments
Nov 6	WellCare Revenues Increased 104% in Third Quarter Marta Wells November 6, 2006 WellCare Health Plans Inc. (WCG) contracts with health-care providers to deliver health-care services to its members and have embraced the trend of growth in Medicare and Medicaid as baby boomers reach retirement age to the tune of $1 billion in revenues.... Continue Reading Posted at 9:24 PM \| Permalink \| Comments
	Aetna Awards $230,000 to the University of Michigan Marta Wells November 6, 2006 Aetna Inc. (AET) has awarded the University of Michigan a $230,000 grant to fund a school-based program aimed at educating African-American teenagers about depression and the importance of early treatment. Researchers at the University of Michigan and the non-profit MINDS,... Continue Reading Posted at 8:55 PM \| Permalink \| Comments
	Rent or Buy Movies Through Microsoft Xbox 360 Marta Wells November 6, 2006 Now you can rent or buy movies through Microsoft's (MSFT) Xbox 360 through the company's online Xbox Live Marketplace. The program will become available Nov. 22 and will start out with over 1,000 hours of available content before the end... Continue Reading Posted at 8:18 PM \| Permalink \| Comments
	Northwest Might Recall Hundreds of Pilots Marta Wells November 6, 2006 Northwest Airlines Corp. (NWACQ.PK), working to emerge from bankruptcy, is planning to recall hundreds of furloughed pilots this year and next. This announcement is good news for pilots since they orginally only planned on calling back 40 to 50 pilots,... Continue Reading Posted at 3:40 PM \| Permalink \| Comments
	New iPod Shuffle Hits the Streets Marta Wells November 6, 2006 The new Apple (AAPL) iPod Shuffle is out and just in time for the gift-giving season. It even comes in a small enough size to make a great stocking stuffer and the price, $80 isn't too bad either. At 1.1 by... Continue Reading Posted at 2:58 PM \| Permalink \| Comments
	Is Vivendi Part of a Takeover Bid? Marta Wells November 6, 2006 Rumors are running that suggest Vivendi (VIVENDI.PK) might be the target of a $50 billion takeover bid, which would result in the largest leveraged buyout offer in history. Kohlberg Kravis Roberts & Company was rumored to have held talks with... Continue Reading Posted at 10:59 AM \| Permalink \| Comments
	Stocks Rise Over the Weekend For Various Companies From Kos Pharmaceuticals to XM Satellite Marta Wells November 6, 2006 Monday morning saw stocks higher for such companies as Kos Pharmaceuticals Inc. (KOSP), who has been recieving buyout offers, to XM Satellite Radio Holdings Inc. (XMSR) who were up 16 percent despite a third-quarter loss and down subscribership. The rise... Continue Reading Posted at 10:37 AM \| Permalink \| Comments
	Google Tests Newspaper Ad Program Marta Wells November 6, 2006 Google (GOOG) is testing a new program where they will act as middleman between Google customers and newspapers. The plan is to increase ad sales by offering a one-stop online shopping solution for placing ads in such papers as The New... Continue Reading Posted at 8:22 AM \| Permalink \| Comments
Nov 3	Due To Antitrust Agreement Arcelor Mittal Must Sell Dofasco Marta Wells November 3, 2006 Dofasco employees are eager for answers concerning the sale of the company by Mittal Steel Company (MT), an agreement that is part of a hostile take over bid against Arcelor. As part of Mittal's bid an agreement was signed to... Continue Reading Posted at 11:08 AM \| Permalink \| Comments
	Third Quarter Profits for Duke Energy Surge Marta Wells November 3, 2006 Utility owner Duke Energy Corp. (DUK) announced that third-quarter profits surged over last years, which included a substantial charge on the sale of Duke Energy North America's business outside of the Midwest. A year ago net income after paying preferred... Continue Reading Posted at 9:39 AM \| Permalink \| Comments
	Intel Waits on India Policy Before It Begins Manufacturing Marta Wells November 3, 2006 The world's largest chip maker, Intel Corp. (INTC) confirmed in December that they had an interest in building a chip-making factory there but are waiting for India to form its semiconductor policy before finalizing plans to begin mangufacturing. Guidelines to... Continue Reading Posted at 8:40 AM \| Permalink \| Comments
	Microsoft and Novell Strike a Deal Marta Wells November 3, 2006 Microsoft Corp. (MSFT) and and longtime rival Novell (NOVL) strike a deal to ensure that Novell's version of Linux could operate together with Windows in corporate data centers. The two companies are collaborating on technical development and marketing programs. Steps... Continue Reading Posted at 6:27 AM \| Permalink \| Comments
Nov 2	Smith & Nephew Looking to Acquire U.S. Rival Marta Wells November 2, 2006 Smith & Nephew (SNN), the British maker of orthopedic products, is in the early stages of talks about acquiring U.S. rival Biomet (BMET), the nation's largest manufacturer of artificial hips, kneew and other orthopedic devices, for more than $9 million,... Continue Reading Posted at 5:45 PM \| Permalink \| Comments
	CVS and Caremark Stock Take a Hit Marta Wells November 2, 2006 News of the acquistion of Caremark Rx Inc. (CMX) by CVS Corp. (CVS), for $20.8 billion, doesn't seem to have made the impression on Wall Street that was planned. The merger was thought to help these two equals take better... Continue Reading Posted at 3:54 PM \| Permalink \| Comments
Nov 1	Wal-Mart Attendance Policy Criticized Marta Wells November 1, 2006 Wal-Mart's (WMT) revised attendance policy implemented earlier this fall that makes hourly workers more accountable for excessive unexcused absences and formalizes such penalties.Critics are touting this as the latest attempt by the nation's largest private employer to weed out unhealthy... Continue Reading Posted at 10:08 PM \| Permalink \| Comments
	CVS Will Acquire Caremark Marta Wells November 1, 2006 The second-biggest drugstoer chain in the country, CVS Corp. (CVS), will buy the leading pharmacy benefits manager, Caremark Rx (CMX) for $21 billion in stock. With this acquisition CVS will move from retailer to the nation's leading manager of pharmacy... Continue Reading Posted at 2:28 PM \| Permalink \| Comments
	Pfizer Drug Exhibits Potentially Serious Side Effect Marta Wells November 1, 2006 In clinical trials of Pfizer Inc.'s (PFE) torcetrapib--a heart medication that is the most important drug in the company's pipeline--has been confirmed to raise blood pressure, according to this NYTimes.com article. Pfizer, the world's largest drug company, will face serious... Continue Reading Posted at 9:40 AM \| Permalink \| Comments

« October 2006 | Main | December 2006 »

Nov30	Microsoft Unveils New Operating System Marta Wells November 30, 2006 Know More: Google 2.0, Google Available to business customers only, Microsoft (MSFT) rolled out new versions of its market dominating desktop programs, Windows and Office. Over the next year Microsoft will also unveil new offerings that the company hopes will combat a rising challenge from Internet-based software. The new products, led by Windows Vista and Office 2007, will not arrive in the consumer market until after the holiday shopping season, on Jan. 30. Vista has been plagued by repeated delays, coming a lengthy five years after the previous version of Windows operating system. Microsoft vowed they will not let that kind of gap ever happen again, according to this NYTimes.com article. Microsoft hopes to work with its server software to increase productivity by making it easier for workers to collaborate in online teams, retrieve and reply to e-mail by phone using voice-recognition software, and easily search for information inside their laptops or across their corporation. Microsoft is fully acknowledging the importance to customers of Internet-based software, of which Google (GOOG) is a great example, with an additional offering of Web-based document processing. To learn more about Vista features and how the delay will effect PC makers and software developers by read the full article here. Posted at 5:18 PM \| Permalink \| Comments
Nov30	GM Will Make Plug-In Hybrid Vehicle Marta Wells November 30, 2006 Although the technology is years away, General Motors (GM) became the first automaker to announce plans to build a plug-in hybrid vehicle. Plug-in gas-electirc hybrids ensure that a car will go further on a gallon of gas and with the... Continue Reading Posted at 8:36 AM \| Permalink \| Comments
Nov29	Wal-Mart Announces Video Download Service Marta Wells November 29, 2006 Wal-Mart (WMT), who already dominates the country as the largest seller of movies, has announced they will compete in the video download service arena on their Web site, in competition with such companies as Apple (AAPL), Google (GOOG), Comcast (CMCSA)... Continue Reading Posted at 1:11 PM \| Permalink \| Comments
Nov28	Scottish Power Accepts $22.5 Billion Buyout Bid Marta Wells November 28, 2006 Iberdrola SA (IBDRF.PK), a Spanish utility company has offered a $22.5 billion buyout offer for Scottish Power PLC (SPI) and they have accepted. The deal would create one of Europe's biggest utilities. A rival bid is still a possibility... Continue Reading Posted at 9:35 AM \| Permalink \| Comments
Nov27	JC Penney and Kohls Fight For Moderate Income Shoppers Marta Wells November 27, 2006 JC Penney (JCP) and Kohl's (KSS) are going for the middle-income shoppers that think Macy's is too expensive and Wal-Mart (WMT) is too low budget. Kohl's posted a stunning 16.3 percent September gain in sales Penney's up 8.7 percent, doing... Continue Reading Posted at 8:54 PM \| Permalink \| Comments
	Is Home Depot Chief's Pay Based On Performance or Connections? Marta Wells November 27, 2006 Home Depot (HD) chief executive, Robert L. Nardelli, has been awarded $245 million in the last five years despite the fact that the company's stock has declined by 12 percent while competitor, Lowe's (LOW), has increased by 173 percent.According to... Continue Reading Posted at 9:48 AM \| Permalink \| Comments
Nov24	Wal-Mart Will Offer Retail Banking in Mexico Marta Wells November 24, 2006 Wal-Mart (WMT) might not be finding it easy to move into banking here in the U.S. but in Mexico plans for opening their own bank are meeting a different reception.Final approval for the bank has been given by the Finance... Continue Reading Posted at 11:18 AM \| Permalink \| Comments
Nov22	Comcast, Disney Sign Multibillion-dollar Deal Marta Wells November 22, 2006 Walt Disney Co. (DIS) announced two monumental deals yesterday. One with Payless ShoeSource and one with Comcast Corp. (CMCSA). The Comcast deal will allow the cable operator to distribute Disney content through its video-on-demand service.As part of the multiyear deal,... Continue Reading Posted at 3:50 PM \| Permalink \| Comments
	Alcoa Plans to Cut 6,700 Jobs Worldwide Marta Wells November 22, 2006 Alcoa Inc. (AA) announce yesterday that they plan to cut 6,700 jobs worldwide over the next year as part of a plan to boost profits. The aluminum maker also stated it will form a joint venture with Sapa Group... Continue Reading Posted at 9:07 AM \| Permalink \| Comments
Nov21	Disney & Payless ShoeSource Working Together On Shoe Design, Marketing Marta Wells November 21, 2006 Walt Disney Co. (DIS) announced that they will work with Payless ShoeSource Inc. (PSS) on a line of Disney-themed footwear, a deal that essentially cuts out the licensing middleman.The direct-to-retail agreement will have Disney collaborating with Payless to develop and... Continue Reading Posted at 4:43 PM \| Permalink \| Comments
	News Corp Pulls Simpson Book and Broadcast Project Marta Wells November 21, 2006 The people have spoken and the News Corporation (NWS-A) has listened to the intense pressure from not only outside the company but inside as well, and pulled their plans to publish a book and broadcast an interview with O.J. Simpson,... Continue Reading Posted at 8:44 AM \| Permalink \| Comments
Nov20	Yahoo Partners With Seven Newspaper Chains Marta Wells November 20, 2006 Seven newspaper chains representing 176 daily papers across the country has announced a partnership with Yahoo! Inc. (YHOO). They will share content, advertising and technology, a sign that the hesitant and wary newspaper industry is increasingly willing to work with... Continue Reading Posted at 11:18 PM \| Permalink \| Comments
	Blackstone Group Makes the Largest Leveraged Buyout in History Marta Wells November 20, 2006 The largest leveraged buyout in history was made by Blackstone Group, a private investment firm, in their acquistion of Equity Office Properties Trust (EOP), the nation's largest office-building owner and manager for a record $36 billion. The deal surpasses the... Continue Reading Posted at 9:01 AM \| Permalink \| Comments
Nov17	Barnes & Noble, Borders to Carry O.J. Simpson Book Marta Wells November 17, 2006 Barnes & Noble Inc. (BKS) and Borders Group Inc. (BGP), the nation's two largest superstore chains will sell the new O.J. Simpson book. Borders is expecting "strong sales" and will donate any profits to a charity, currently undetermined, that opposes... Continue Reading Posted at 5:56 PM \| Permalink \| Comments
	Did You Sleep Out For Your Sony Playstation 3? Marta Wells November 17, 2006 Did you camp out with your $600 dollars clutched tightly in your hot little hand? You weren't alone as others around the nation gathered their money, sleeping bag and warm clothing for their chance at the new PlayStation 3 made... Continue Reading Posted at 9:13 AM \| Permalink \| Comments
Nov16	Time Warner's AOL Loses Blogger and Entrepreneur Marta Wells November 16, 2006 Time Warner Inc.'s (TWX) AOL loses Jason Calacanis, the outspoken blogger and entrepreneur who ran AOL's Netscape division, when he resigned today in the wake of firing AOL's chief executive, Jonathan Miller. Calacanis sold his company, Weblogs Inc., a network of... Continue Reading Posted at 11:27 PM \| Permalink \| Comments
	Clear Channel Communications Bought For $18.7 Billion Marta Wells November 16, 2006 The nation's largest network of radion stations, Clear Channel Communications Inc. (CCU), was bought by a consortium that includes Thomas H. Lee Partners and Bain Captial for $18.7 billion. Thomas H. Lee Partners and Bain had also been considered to... Continue Reading Posted at 9:06 AM \| Permalink \| Comments
Nov15	US Airways Makes A Bid For Delta Air Lines Marta Wells November 15, 2006 In an effort to become the largest airline in the world and dominate travel on the East Coast of the United States, US Airways Group, Inc. (LCC) made an $8 billion surprise offer for Delta Air Lines Inc. (DALRQ.PK).The unsolicited... Continue Reading Posted at 9:28 PM \| Permalink \| Comments
Nov14	Apple Makes Deal With Airlines to Play iPods Marta Wells November 14, 2006 Apple Computer Inc. (APPL) has partnered with four major airlines to allow iPods to connect to in-flight entertainment systems to allow passengers to watch their favorite videos without running out of battery power. The four carriers are Continental Airlines Inc.... Continue Reading Posted at 10:46 PM \| Permalink \| Comments
	Microsoft Wants to Play Nice Marta Wells November 14, 2006 Competing software companies are looking forward to Microsoft Corp.'s (MSFT) unveiling of a technology industry alliance today, that will make everyone play nice together.Microsoft senior vice president, Bob Muglia, will announce the details of the alliance in Barcelona, Spain at... Continue Reading Posted at 1:27 PM \| Permalink \| Comments
Nov13	Wal-Mart Pulls T-Shirt After Blogger Complains Marta Wells November 13, 2006 Wal-Mart Stores Inc. (WMT) is pulling a skull-and-crossbones T-shirt from it shelves after a blogger complained on his online journal that the image was identical to a Nazi SS emblem from World War II. Rick Rottman was shopping in Wal-Mart... Continue Reading Posted at 9:40 PM \| Permalink \| Comments
	GE and PepsiCo Decide To Go Offbeat In Advertising Marta Wells November 13, 2006 General Electric Co. (GE) and PepsiCo Inc. (PEP) are getting creative in their marketing and advertising efforts and are both using, coincidentally, the same creative and media agencies; Omnicom Group Inc.'s (OMC) BBDO Worldwide and OMD to accomplish this goal.... Continue Reading Posted at 12:17 PM \| Permalink \| Comments
Nov10	Amazon Announces Ambitious Sales Strategy Marta Wells November 10, 2006 The Web 2.0 Summit saw dialog between Amazon.com (AMZN) CEO Jeff Bezos and tech book publishing magnate and conference co-host Tim O'Reilly, about Amazon's new sales strategy of providing Web based services.The company is offering a new S3 service, S3... Continue Reading Posted at 10:07 AM \| Permalink \| Comments
	Brands Begin to ProduceTheir Own Shows Marta Wells November 10, 2006 Don't like commercials ruining your favorite show? Well what if the commercial IS the show? Such companies as Burger King Corporation (BKC) and Anheuser-Busch Companies Inc. (BUD) are marketing their products in just such a way.Burger King is making a... Continue Reading Posted at 8:23 AM \| Permalink \| Comments
	Time Magazine To Make Some Changes Marta Wells November 10, 2006 Time Inc., a division of Time Warner Inc. (TWX), is making some big changes hoping to gain back the seemingly insurmountable lead that has begun to slip.Time has seen some difficult changes of late including a reduction of staff at... Continue Reading Posted at 2:02 AM \| Permalink \| Comments
	3M Sells Drug Business for $2.1 Billion Marta Wells November 10, 2006 The 3M Co. (MMM), best known for its Post-it notes, announced it is selling its branded drug business for nearly $2.1 billion in three separate deals.Graceway Pharmaceuticals Inc. of Bristol, Tenn., will buy 3M's pharmaceutical operations in the U.S., Canada... Continue Reading Posted at 1:09 AM \| Permalink \| Comments
Nov 9	Wal-Mart Opts for Merry Christmas Instead of Happy Holidays Marta Wells November 9, 2006 Wal-Mart Stores Inc. (WMT) is bringing "Christmas" back into marketing, after several years of playing down the term.Wal-Mart is banking on Christmas cheer to be a hot trend this season even as other retailers that include Kohl's Corp. (KSS) and... Continue Reading Posted at 10:18 PM \| Permalink \| Comments
	Pills Manufactured by Perrigo Co. Being Recalled Marta Wells November 9, 2006 A recall that affects 11 million bottles containing varying quantities of 500-milligram acetaminophen caplets made by the Perrigo Co. (PRGO) that have been contaminated with metal fragments.The pills have been sold under store brands by Wal-Mart Stores Inc. (WMT), CVS... Continue Reading Posted at 8:34 PM \| Permalink \| Comments
	GM and Ford Place High On Reliability Survey Marta Wells November 9, 2006 Consumer Reports magazine named 47 vehicles today to its 2007 list of most reliable cars. Although Japanese automakers dominated the survey General Motors Corp. (GM) and Ford Motor Co. (F) both placed high with their new models.Of the 47 listed... Continue Reading Posted at 8:21 PM \| Permalink \| Comments
	Fannie Mae and Freddie Mac Tighten Up Practices Marta Wells November 9, 2006 Fannie Mae (FNM) and Fannie Mac (FRE) chief regulators have tightened up the rules for overseeing accounting, executive compensation and corporate governance practices at the two mortgage finance giants, reports the WashingtonPost.The changes are intended to address problems the Office... Continue Reading Posted at 2:03 PM \| Permalink \| Comments
Nov 8	Two Billionaires Bid For the Tribune Marta Wells November 8, 2006 Chicago-based Tribune Co. (TRB), the parent company of the Los Angeles Times and other media properties, find that two Southern California billionairs who showed an interest in the Times have decided they will join forces to buy the whole kit... Continue Reading Posted at 9:47 PM \| Permalink \| Comments
	Cisco Systems Earnings Soar Marta Wells November 8, 2006 San Jose-based Cisco Systems Inc. (CSCO) reported first-quarter earnings that leaped 28 percent over last years despite the careful spending customers made to upgrade their networks to accommodate faster Internet traffic. Cisco, the world's largest maker of networking equipment such... Continue Reading Posted at 9:00 PM \| Permalink \| Comments
	Blogs and YouTube Cover the Elections Marta Wells November 8, 2006 Blogs have begun to transform modern media and they have now firmly placed themselves as players in the democratic process with the recent coverage of the plagues that beset the new voting machine malfunctions. Bloggers took advantage of the video-sharing... Continue Reading Posted at 10:32 AM \| Permalink \| Comments
	Disney to Open Video Game Studio Marta Wells November 8, 2006 Walt Disney Company's (DIS) Buena Vista Game unit will start a video game studio that will focus on creating new and Disney-inspired titles for Nintendo's hand-held DS player and Wii console. The unit, called the Fall Line Studio, is based... Continue Reading Posted at 7:41 AM \| Permalink \| Comments
Nov 7	Allied Capital Denies Role in Pretexting Marta Wells November 7, 2006 Five vocal critics of Allied Capital Corporation (ALD), a public company that provides loans to smaller companies, claim they are victims of pretexting--impersonating an individual to obtain confidential information.The company has denied any role in the alleged pretexting to obtain... Continue Reading Posted at 11:53 PM \| Permalink \| Comments
	Tribune Company Fires Los Angeles Editor Marta Wells November 7, 2006 The editor of The Los Angeles Times defied orders from his corporate bosses to cut jobs so instead he lost his when he was forced out by Tribune Co. (TRB).The newsroom was shocked as they received the news while they... Continue Reading Posted at 10:31 PM \| Permalink \| Comments
	Palm Sued Over E-Mail Technology Marta Wells November 7, 2006 After successfully suing the maker of Blackberry devices for infringement of wireless e-mail patents, NTP is now going after Palm, Inc. (PALM), the maker of the Treo smart phone. NTP claims in their lawsuit, filed in Richmond where they are... Continue Reading Posted at 12:30 PM \| Permalink \| Comments
	Comcast Will Carry News Corp's Business News Channel Marta Wells November 7, 2006 The News Corp. (NWS-A) has planned a new business cable channel and has moved a step closer to reality by reaching a deal with Comcast Corp. (CMCSA), the nation's biggest operator of cable television systems, to carry it. The new network... Continue Reading Posted at 10:11 AM \| Permalink \| Comments
Nov 6	WellCare Revenues Increased 104% in Third Quarter Marta Wells November 6, 2006 WellCare Health Plans Inc. (WCG) contracts with health-care providers to deliver health-care services to its members and have embraced the trend of growth in Medicare and Medicaid as baby boomers reach retirement age to the tune of $1 billion in revenues.... Continue Reading Posted at 9:24 PM \| Permalink \| Comments
	Aetna Awards $230,000 to the University of Michigan Marta Wells November 6, 2006 Aetna Inc. (AET) has awarded the University of Michigan a $230,000 grant to fund a school-based program aimed at educating African-American teenagers about depression and the importance of early treatment. Researchers at the University of Michigan and the non-profit MINDS,... Continue Reading Posted at 8:55 PM \| Permalink \| Comments
	Rent or Buy Movies Through Microsoft Xbox 360 Marta Wells November 6, 2006 Now you can rent or buy movies through Microsoft's (MSFT) Xbox 360 through the company's online Xbox Live Marketplace. The program will become available Nov. 22 and will start out with over 1,000 hours of available content before the end... Continue Reading Posted at 8:18 PM \| Permalink \| Comments
	Northwest Might Recall Hundreds of Pilots Marta Wells November 6, 2006 Northwest Airlines Corp. (NWACQ.PK), working to emerge from bankruptcy, is planning to recall hundreds of furloughed pilots this year and next. This announcement is good news for pilots since they orginally only planned on calling back 40 to 50 pilots,... Continue Reading Posted at 3:40 PM \| Permalink \| Comments
	New iPod Shuffle Hits the Streets Marta Wells November 6, 2006 The new Apple (AAPL) iPod Shuffle is out and just in time for the gift-giving season. It even comes in a small enough size to make a great stocking stuffer and the price, $80 isn't too bad either. At 1.1 by... Continue Reading Posted at 2:58 PM \| Permalink \| Comments
	Is Vivendi Part of a Takeover Bid? Marta Wells November 6, 2006 Rumors are running that suggest Vivendi (VIVENDI.PK) might be the target of a $50 billion takeover bid, which would result in the largest leveraged buyout offer in history. Kohlberg Kravis Roberts & Company was rumored to have held talks with... Continue Reading Posted at 10:59 AM \| Permalink \| Comments
	Stocks Rise Over the Weekend For Various Companies From Kos Pharmaceuticals to XM Satellite Marta Wells November 6, 2006 Monday morning saw stocks higher for such companies as Kos Pharmaceuticals Inc. (KOSP), who has been recieving buyout offers, to XM Satellite Radio Holdings Inc. (XMSR) who were up 16 percent despite a third-quarter loss and down subscribership. The rise... Continue Reading Posted at 10:37 AM \| Permalink \| Comments
	Google Tests Newspaper Ad Program Marta Wells November 6, 2006 Google (GOOG) is testing a new program where they will act as middleman between Google customers and newspapers. The plan is to increase ad sales by offering a one-stop online shopping solution for placing ads in such papers as The New... Continue Reading Posted at 8:22 AM \| Permalink \| Comments
Nov 3	Due To Antitrust Agreement Arcelor Mittal Must Sell Dofasco Marta Wells November 3, 2006 Dofasco employees are eager for answers concerning the sale of the company by Mittal Steel Company (MT), an agreement that is part of a hostile take over bid against Arcelor. As part of Mittal's bid an agreement was signed to... Continue Reading Posted at 11:08 AM \| Permalink \| Comments
	Third Quarter Profits for Duke Energy Surge Marta Wells November 3, 2006 Utility owner Duke Energy Corp. (DUK) announced that third-quarter profits surged over last years, which included a substantial charge on the sale of Duke Energy North America's business outside of the Midwest. A year ago net income after paying preferred... Continue Reading Posted at 9:39 AM \| Permalink \| Comments
	Intel Waits on India Policy Before It Begins Manufacturing Marta Wells November 3, 2006 The world's largest chip maker, Intel Corp. (INTC) confirmed in December that they had an interest in building a chip-making factory there but are waiting for India to form its semiconductor policy before finalizing plans to begin mangufacturing. Guidelines to... Continue Reading Posted at 8:40 AM \| Permalink \| Comments
	Microsoft and Novell Strike a Deal Marta Wells November 3, 2006 Microsoft Corp. (MSFT) and and longtime rival Novell (NOVL) strike a deal to ensure that Novell's version of Linux could operate together with Windows in corporate data centers. The two companies are collaborating on technical development and marketing programs. Steps... Continue Reading Posted at 6:27 AM \| Permalink \| Comments
Nov 2	Smith & Nephew Looking to Acquire U.S. Rival Marta Wells November 2, 2006 Smith & Nephew (SNN), the British maker of orthopedic products, is in the early stages of talks about acquiring U.S. rival Biomet (BMET), the nation's largest manufacturer of artificial hips, kneew and other orthopedic devices, for more than $9 million,... Continue Reading Posted at 5:45 PM \| Permalink \| Comments
	CVS and Caremark Stock Take a Hit Marta Wells November 2, 2006 News of the acquistion of Caremark Rx Inc. (CMX) by CVS Corp. (CVS), for $20.8 billion, doesn't seem to have made the impression on Wall Street that was planned. The merger was thought to help these two equals take better... Continue Reading Posted at 3:54 PM \| Permalink \| Comments
Nov 1	Wal-Mart Attendance Policy Criticized Marta Wells November 1, 2006 Wal-Mart's (WMT) revised attendance policy implemented earlier this fall that makes hourly workers more accountable for excessive unexcused absences and formalizes such penalties.Critics are touting this as the latest attempt by the nation's largest private employer to weed out unhealthy... Continue Reading Posted at 10:08 PM \| Permalink \| Comments
	CVS Will Acquire Caremark Marta Wells November 1, 2006 The second-biggest drugstoer chain in the country, CVS Corp. (CVS), will buy the leading pharmacy benefits manager, Caremark Rx (CMX) for $21 billion in stock. With this acquisition CVS will move from retailer to the nation's leading manager of pharmacy... Continue Reading Posted at 2:28 PM \| Permalink \| Comments
	Pfizer Drug Exhibits Potentially Serious Side Effect Marta Wells November 1, 2006 In clinical trials of Pfizer Inc.'s (PFE) torcetrapib--a heart medication that is the most important drug in the company's pipeline--has been confirmed to raise blood pressure, according to this NYTimes.com article. Pfizer, the world's largest drug company, will face serious... Continue Reading Posted at 9:40 AM \| Permalink \| Comments

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