BusinessKnowMoreMedia: January 2007 Archives

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Jan23	Yahoo Had a Tough Year, Just Ask Google Marta Wells January 23, 2007 Know More: Google, Yahoo 2.0, Yahoo Yahoo! Inc. (YHOO) reported yesterday that sales rebounded in the fourth quarter from a dismal third quarter. They also promised investors that they would try to close the gap between them and the goliath Google (GOOG). Yahoo's shares rose 5.8 percent, to $28.53, in after-hours trading an increase of the regular trading price of $26.96, according to this NYTimes.com article. Yahoo investors are awaiting the second phase of the long-delayed search advertising system, Project Panama which will begin on Feb. 5. In a nutshell, the system will display the most profitable ads first. The computer will estimate which ones will make the most money. Criticism has escalated in regards to the slow, indecisive and unfocused leadership of Terry S. Semel, Yahoo’s chief executive, especially as Yahoo falls further and further behind Google. He made some changes including the appointment of Susan L. Decker to take the helm of the advertising sales ship. It is time for a change since although Yahoo's users are looking at more pages than they did a year ago, the company's advertising revenue for each page declined due to the delayed search ad technology. Posted at 8:28 PM \| Permalink \| Comments
Jan23	Pfizer Will Lay Off 10,000 Workers Marta Wells January 23, 2007 In an attempt to shave off $2 billion a year in costs Pfizer Inc. (PFE) will be cutting 10,000 jobs and closing down five plants. They hope to slash the costs by the end of next year.Issues that have been... Continue Reading Posted at 8:47 AM \| Permalink \| Comments
Jan22	IBM Will Introduce Social Networking Tools For Employees Marta Wells January 22, 2007 I.B.M. (IBM) will soon introduce to the corporate world a set of social software tools that will mirror the ability to blog, network, idea share and story swap that teens and college students have enjoyed in sites such as MySpace... Continue Reading Posted at 4:53 PM \| Permalink \| Comments
	British Airways Braces for Strike Marta Wells January 22, 2007 British Airways is getting ready to endure cabin crew strikes that will total nine days over the coming weeks. Massive disruptions are expected when the strikes, three 72-hour periods starting on January 29, February 5 and February 12, begin. Not all... Continue Reading Posted at 4:00 AM \| Permalink \| Comments
Jan19	Benihana Stock is Looking Good Enough to Eat Marta Wells January 19, 2007 The Japanese restaurant chain, founded in 1964 by Rocky Aoki, is seeing more than just shrimp sizzling. Their stock is hot too with 90 percent returns over the past two years, according to this Money.CNN.com article.The company, known for its... Continue Reading Posted at 4:38 PM \| Permalink \| Comments
	Toyota Will Recall 533,000 SUVs, Trucks Marta Wells January 19, 2007 Toyota Motor Corp. (TM) plans to recall nearly 533,000 Sequoia SUVS and Tundra pickup trucks after six injuries and 11 accidents were reported due to a defect that made the vehicles difficult to steer.The recall will affect certain 2004 to... Continue Reading Posted at 7:53 AM \| Permalink \| Comments
Jan18	Time Will Cut Almost 300 Jobs Marta Wells January 18, 2007 Time Inc., the publishing unit of Time Warner, (TWX) announced yesterday that nearly 300 of their staff will lose their jobs in a restructuring plan that will dismantle much of the news-gathering operation orinally founded by Henry Luce, according to... Continue Reading Posted at 11:08 PM \| Permalink \| Comments
	Honda Introduces Hybrid to Compete with Toyota Marta Wells January 18, 2007 The Detroit Auto Show is all abuzz about the newest hybrid vehicles. Toyota (TM), long the leader in this automotive area, is seeing Honda (HMC) and General Motors (GM), not to mention Ford (F), coming up behind them with their... Continue Reading Posted at 9:16 AM \| Permalink \| Comments
Jan17	Apple Posts First Ever $1 Billion Quarter Profit Marta Wells January 17, 2007 Apple (AAPL) announced today that it has hit a rather notable milestone, their first-ever $1 billion profit quarter, which works out to a 78 percernt surge. This can be attributed primarily to the success of the iPod and the renewed... Continue Reading Posted at 5:15 PM \| Permalink \| Comments
	Starbucks to Go With Hormone-Free Milk Marta Wells January 17, 2007 Starbucks (SBUX) announced yesterday that it is ready to fulfill a promise made long ago to make milk and dairy products that are served in their multitude of shops free of a controversial artificial growth hormone used to increase milk... Continue Reading Posted at 10:43 AM \| Permalink \| Comments
Jan16	Yum! Brands Says Yuck to PETA Property Offer Marta Wells January 16, 2007 Yum! Brands Inc. (YUM) recently went shopping for some real estate in Norfolk, Va., offering $1 million for a nice little corner parcel in downtown Norfolk.When they found out who owned the property they immediately sensed trouble brewing. According to... Continue Reading Posted at 9:38 PM \| Permalink \| Comments
	Netflix to Offer Free Movies Marta Wells January 16, 2007 Netflix (NFLX), the online DVD rental service which rents 70,000 titles to nearly 6.3 million subscribers formerly announced today that, for no extra charge, subscribers will be able to watch movies on their computer.The high-quality service, which allows the movie... Continue Reading Posted at 9:17 AM \| Permalink \| Comments
Jan15	Google Tops the List of 100 Best Companies to Work For Marta Wells January 15, 2007 Google (GOOG), famous for its unique company culture, came in first place for the "100 Best Companies To Work For 2007" list from Fortune. "Googlers" as the company likes to call their employees, get free meals (at Google's 11 gourmet... Continue Reading Posted at 6:23 PM \| Permalink \| Comments
	Citigroup Will Change Name and Look Marta Wells January 15, 2007 After a 14-month review of the bank's brand Citigroup (C) is leaning towards a new name and brand look, although no definite decision or announcement has been made.If a change is made it will effect nearly all of the financial... Continue Reading Posted at 11:37 AM \| Permalink \| Comments
Jan12	Dolans Up the Bid for Cablevision Systems Marta Wells January 12, 2007 The Dolans, who own about 20 percent of Cablevision Systems Corp. (CVC) common stock, raised their bid for the company by $1.1 billion today but the shares still dropped as investors yawned over the bid. The bid will expire on... Continue Reading Posted at 5:19 PM \| Permalink \| Comments
	Costco Discrimination Suit Granted Class-Action Status Marta Wells January 12, 2007 James D. Sinegal, Costco Wholesale Corp.'s (COST) chief executive claims that more women than men choose not to take management positions prefering instead to be cashiers. According to this NYTimes.com article he is quoted as saying, “Our experience is that... Continue Reading Posted at 11:52 AM \| Permalink \| Comments
Jan11	Newspaper-TV Relationships Are Not Feeling the Love Marta Wells January 11, 2007 Many newspaper and television partnerships are starting to sleep in separate beds evidenced by the selling off, laying off and trolling for bidders by such media giants as the Tribune Co.(TRB), Belo Corp. (BLC), E. W Scripps (SSP), and New... Continue Reading Posted at 3:47 PM \| Permalink \| Comments
	Do You Use Google and Yahoo E-Mail? Marta Wells January 11, 2007 If you are using it to forward your work e-mail your employer might not be too happy with you. The trend is for employees to forward their e-mail to free accounts such as Yahoo (YHOO) and Google (GOOG), so they... Continue Reading Posted at 8:43 AM \| Permalink \| Comments
Jan10	US Airways Increases Bid For Delta Marta Wells January 10, 2007 US Airways (LCC) raises its bid by nearly 20 percent to $10.3 billion in an attempt to increase the pressure on Delta Air Line's (DALRQ.PK) unsecured creditors, also setting a Feb. 1 deadline for certain conditions to be met or... Continue Reading Posted at 4:04 PM \| Permalink \| Comments
	Gap Might Go Up For Sale Marta Wells January 10, 2007 Gap (GPS) has long been struggling and with a dismal holiday season forcing them to restate their yearly earnings projections, there is talk that they might be up for sale soon.According to this WashingtonPost.com article, Gap stores might be too... Continue Reading Posted at 12:09 PM \| Permalink \| Comments
Jan 9	Apple Introduces A Wireless Phone Marta Wells January 9, 2007 Apple Computer Inc. (AAPL) has teamed up with Cingular, the nation's largest cellular phone carrier, to offer a new wireless phone that Steven P. Jobs, Apple's chief, says will lead to a new snythesis of communications, video, music and computing.... Continue Reading Posted at 6:02 PM \| Permalink \| Comments
Jan 8	GM Unveils Plug-In Electric Car Marta Wells January 8, 2007 General Motors Corporation (GM) introduced an innovative prototype, the Chevrolet Volt, than derives its power primarily from electricity rather than gasoline.This isn't GM's first foray into environmentally-friendly vehicles that hope to battle global warming and the U.S. dependence on forgeign... Continue Reading Posted at 5:00 PM \| Permalink \| Comments
	DirecTV Unveils Sat-Go In Las Vegas Marta Wells January 8, 2007 DirecTV (DTV) will unveil the Sat-Go, a mobile satellite and television system at the Consumer Electronics Show in Las Vegas today. The system weighs about 25 pounds and will sell for $1,000 to $1,300 and will go on sale this... Continue Reading Posted at 10:38 AM \| Permalink \| Comments
Jan 5	Eli Lilly Settles Agrees to Pay $500 Million to Settle 18,000 Zyprexa Lawsuits Marta Wells January 5, 2007 Eli Lilly (LLY) has faced a stream of accusations about side effects from the use of Zyprexa, a drug for schizophrenia and bipolar disorder, including the development of diabetes as well as pushing unapproved use of the drug. The 18,000... Continue Reading Posted at 3:48 PM \| Permalink \| Comments
	Cisco Systems Will Buy IronPort Systems for $830 Million Marta Wells January 5, 2007 Cisco Systems (CSCO), the world's largest maker of computer networking equipment puts itself in direct competition with the world's largest maker of security software, Symantec Corporation (SYMC), with its agreement to acquire IronPort Systems. Cisco acquired Scientific-Atlanta last year for... Continue Reading Posted at 8:44 AM \| Permalink \| Comments
Jan 4	Federal Prosecutors End Their Case In AOL Fraud Trial Marta Wells January 4, 2007 The long-running accounting-fraud case against two former Time Warner (TWX) AOL executives might be coming to a close after many unusual twists including a mistrial for one of the defendants, according to this WashingtonPost.com article.The case, considered one of the... Continue Reading Posted at 9:48 PM \| Permalink \| Comments
	Many Retailers' Holiday Sales Were Disappointing Marta Wells January 4, 2007 For many companies such as Target (TGT), Pier 1 Imports (PIR), Limited Brands (LTD), Gap (GPS), and others the holiday shopping season was even more disappointing then anticipated.Although Wal-Mart's (WMT) December sales were an improvement over a dismal November, overall... Continue Reading Posted at 11:06 AM \| Permalink \| Comments
Jan 3	Disney Will Roll Out New Disney.com Look Marta Wells January 3, 2007 Disney's (DIS) Web sites, which include the popular ESPN.com, ABC.com and Disney.com, have been among the Internet's most visited, according to this NYTimes.com article.The word is Robert A. Iger, Disney chief executive, will be introducing a new Disney.com Web site... Continue Reading Posted at 4:18 PM \| Permalink \| Comments
	Are you Googly Enough for Google? Marta Wells January 3, 2007 Google (GOOG) is moving towards extensive surveys to help weed out the more than 100,000 job applications they receive each month.Until now Google has focused on A's on report cards and double 800s on SATs choosing not to hire engineers... Continue Reading Posted at 10:51 AM \| Permalink \| Comments
Jan 2	Goodyear Workers End Strike and Are Back on the Job Marta Wells January 2, 2007 Goodyear Tire & Rubber Co. (GT) workers are back on the job today after a three-month strike where an agreement was reached on a new three-year contract covering 14,000 employees.Morale was at an expected level with worker's glad to be... Continue Reading Posted at 5:24 PM \| Permalink \| Comments
	Wal-Mart Cares About the Environment Marta Wells January 2, 2007 Wal-Mart (WMT), long regarded as an environmental offender, began reaching out to environmental groups for help in becoming a leader on issues like fuel efficiency and greenhouse gas emissions.Choosing the most sensible vehicle to begin this offensive, the giant discount... Continue Reading Posted at 10:58 AM \| Permalink \| Comments

« December 2006 | Main | June 2007 »

Jan23	Yahoo Had a Tough Year, Just Ask Google Marta Wells January 23, 2007 Know More: Google, Yahoo 2.0, Yahoo Yahoo! Inc. (YHOO) reported yesterday that sales rebounded in the fourth quarter from a dismal third quarter. They also promised investors that they would try to close the gap between them and the goliath Google (GOOG). Yahoo's shares rose 5.8 percent, to $28.53, in after-hours trading an increase of the regular trading price of $26.96, according to this NYTimes.com article. Yahoo investors are awaiting the second phase of the long-delayed search advertising system, Project Panama which will begin on Feb. 5. In a nutshell, the system will display the most profitable ads first. The computer will estimate which ones will make the most money. Criticism has escalated in regards to the slow, indecisive and unfocused leadership of Terry S. Semel, Yahoo’s chief executive, especially as Yahoo falls further and further behind Google. He made some changes including the appointment of Susan L. Decker to take the helm of the advertising sales ship. It is time for a change since although Yahoo's users are looking at more pages than they did a year ago, the company's advertising revenue for each page declined due to the delayed search ad technology. Posted at 8:28 PM \| Permalink \| Comments
Jan23	Pfizer Will Lay Off 10,000 Workers Marta Wells January 23, 2007 In an attempt to shave off $2 billion a year in costs Pfizer Inc. (PFE) will be cutting 10,000 jobs and closing down five plants. They hope to slash the costs by the end of next year.Issues that have been... Continue Reading Posted at 8:47 AM \| Permalink \| Comments
Jan22	IBM Will Introduce Social Networking Tools For Employees Marta Wells January 22, 2007 I.B.M. (IBM) will soon introduce to the corporate world a set of social software tools that will mirror the ability to blog, network, idea share and story swap that teens and college students have enjoyed in sites such as MySpace... Continue Reading Posted at 4:53 PM \| Permalink \| Comments
	British Airways Braces for Strike Marta Wells January 22, 2007 British Airways is getting ready to endure cabin crew strikes that will total nine days over the coming weeks. Massive disruptions are expected when the strikes, three 72-hour periods starting on January 29, February 5 and February 12, begin. Not all... Continue Reading Posted at 4:00 AM \| Permalink \| Comments
Jan19	Benihana Stock is Looking Good Enough to Eat Marta Wells January 19, 2007 The Japanese restaurant chain, founded in 1964 by Rocky Aoki, is seeing more than just shrimp sizzling. Their stock is hot too with 90 percent returns over the past two years, according to this Money.CNN.com article.The company, known for its... Continue Reading Posted at 4:38 PM \| Permalink \| Comments
	Toyota Will Recall 533,000 SUVs, Trucks Marta Wells January 19, 2007 Toyota Motor Corp. (TM) plans to recall nearly 533,000 Sequoia SUVS and Tundra pickup trucks after six injuries and 11 accidents were reported due to a defect that made the vehicles difficult to steer.The recall will affect certain 2004 to... Continue Reading Posted at 7:53 AM \| Permalink \| Comments
Jan18	Time Will Cut Almost 300 Jobs Marta Wells January 18, 2007 Time Inc., the publishing unit of Time Warner, (TWX) announced yesterday that nearly 300 of their staff will lose their jobs in a restructuring plan that will dismantle much of the news-gathering operation orinally founded by Henry Luce, according to... Continue Reading Posted at 11:08 PM \| Permalink \| Comments
	Honda Introduces Hybrid to Compete with Toyota Marta Wells January 18, 2007 The Detroit Auto Show is all abuzz about the newest hybrid vehicles. Toyota (TM), long the leader in this automotive area, is seeing Honda (HMC) and General Motors (GM), not to mention Ford (F), coming up behind them with their... Continue Reading Posted at 9:16 AM \| Permalink \| Comments
Jan17	Apple Posts First Ever $1 Billion Quarter Profit Marta Wells January 17, 2007 Apple (AAPL) announced today that it has hit a rather notable milestone, their first-ever $1 billion profit quarter, which works out to a 78 percernt surge. This can be attributed primarily to the success of the iPod and the renewed... Continue Reading Posted at 5:15 PM \| Permalink \| Comments
	Starbucks to Go With Hormone-Free Milk Marta Wells January 17, 2007 Starbucks (SBUX) announced yesterday that it is ready to fulfill a promise made long ago to make milk and dairy products that are served in their multitude of shops free of a controversial artificial growth hormone used to increase milk... Continue Reading Posted at 10:43 AM \| Permalink \| Comments
Jan16	Yum! Brands Says Yuck to PETA Property Offer Marta Wells January 16, 2007 Yum! Brands Inc. (YUM) recently went shopping for some real estate in Norfolk, Va., offering $1 million for a nice little corner parcel in downtown Norfolk.When they found out who owned the property they immediately sensed trouble brewing. According to... Continue Reading Posted at 9:38 PM \| Permalink \| Comments
	Netflix to Offer Free Movies Marta Wells January 16, 2007 Netflix (NFLX), the online DVD rental service which rents 70,000 titles to nearly 6.3 million subscribers formerly announced today that, for no extra charge, subscribers will be able to watch movies on their computer.The high-quality service, which allows the movie... Continue Reading Posted at 9:17 AM \| Permalink \| Comments
Jan15	Google Tops the List of 100 Best Companies to Work For Marta Wells January 15, 2007 Google (GOOG), famous for its unique company culture, came in first place for the "100 Best Companies To Work For 2007" list from Fortune. "Googlers" as the company likes to call their employees, get free meals (at Google's 11 gourmet... Continue Reading Posted at 6:23 PM \| Permalink \| Comments
	Citigroup Will Change Name and Look Marta Wells January 15, 2007 After a 14-month review of the bank's brand Citigroup (C) is leaning towards a new name and brand look, although no definite decision or announcement has been made.If a change is made it will effect nearly all of the financial... Continue Reading Posted at 11:37 AM \| Permalink \| Comments
Jan12	Dolans Up the Bid for Cablevision Systems Marta Wells January 12, 2007 The Dolans, who own about 20 percent of Cablevision Systems Corp. (CVC) common stock, raised their bid for the company by $1.1 billion today but the shares still dropped as investors yawned over the bid. The bid will expire on... Continue Reading Posted at 5:19 PM \| Permalink \| Comments
	Costco Discrimination Suit Granted Class-Action Status Marta Wells January 12, 2007 James D. Sinegal, Costco Wholesale Corp.'s (COST) chief executive claims that more women than men choose not to take management positions prefering instead to be cashiers. According to this NYTimes.com article he is quoted as saying, “Our experience is that... Continue Reading Posted at 11:52 AM \| Permalink \| Comments
Jan11	Newspaper-TV Relationships Are Not Feeling the Love Marta Wells January 11, 2007 Many newspaper and television partnerships are starting to sleep in separate beds evidenced by the selling off, laying off and trolling for bidders by such media giants as the Tribune Co.(TRB), Belo Corp. (BLC), E. W Scripps (SSP), and New... Continue Reading Posted at 3:47 PM \| Permalink \| Comments
	Do You Use Google and Yahoo E-Mail? Marta Wells January 11, 2007 If you are using it to forward your work e-mail your employer might not be too happy with you. The trend is for employees to forward their e-mail to free accounts such as Yahoo (YHOO) and Google (GOOG), so they... Continue Reading Posted at 8:43 AM \| Permalink \| Comments
Jan10	US Airways Increases Bid For Delta Marta Wells January 10, 2007 US Airways (LCC) raises its bid by nearly 20 percent to $10.3 billion in an attempt to increase the pressure on Delta Air Line's (DALRQ.PK) unsecured creditors, also setting a Feb. 1 deadline for certain conditions to be met or... Continue Reading Posted at 4:04 PM \| Permalink \| Comments
	Gap Might Go Up For Sale Marta Wells January 10, 2007 Gap (GPS) has long been struggling and with a dismal holiday season forcing them to restate their yearly earnings projections, there is talk that they might be up for sale soon.According to this WashingtonPost.com article, Gap stores might be too... Continue Reading Posted at 12:09 PM \| Permalink \| Comments
Jan 9	Apple Introduces A Wireless Phone Marta Wells January 9, 2007 Apple Computer Inc. (AAPL) has teamed up with Cingular, the nation's largest cellular phone carrier, to offer a new wireless phone that Steven P. Jobs, Apple's chief, says will lead to a new snythesis of communications, video, music and computing.... Continue Reading Posted at 6:02 PM \| Permalink \| Comments
Jan 8	GM Unveils Plug-In Electric Car Marta Wells January 8, 2007 General Motors Corporation (GM) introduced an innovative prototype, the Chevrolet Volt, than derives its power primarily from electricity rather than gasoline.This isn't GM's first foray into environmentally-friendly vehicles that hope to battle global warming and the U.S. dependence on forgeign... Continue Reading Posted at 5:00 PM \| Permalink \| Comments
	DirecTV Unveils Sat-Go In Las Vegas Marta Wells January 8, 2007 DirecTV (DTV) will unveil the Sat-Go, a mobile satellite and television system at the Consumer Electronics Show in Las Vegas today. The system weighs about 25 pounds and will sell for $1,000 to $1,300 and will go on sale this... Continue Reading Posted at 10:38 AM \| Permalink \| Comments
Jan 5	Eli Lilly Settles Agrees to Pay $500 Million to Settle 18,000 Zyprexa Lawsuits Marta Wells January 5, 2007 Eli Lilly (LLY) has faced a stream of accusations about side effects from the use of Zyprexa, a drug for schizophrenia and bipolar disorder, including the development of diabetes as well as pushing unapproved use of the drug. The 18,000... Continue Reading Posted at 3:48 PM \| Permalink \| Comments
	Cisco Systems Will Buy IronPort Systems for $830 Million Marta Wells January 5, 2007 Cisco Systems (CSCO), the world's largest maker of computer networking equipment puts itself in direct competition with the world's largest maker of security software, Symantec Corporation (SYMC), with its agreement to acquire IronPort Systems. Cisco acquired Scientific-Atlanta last year for... Continue Reading Posted at 8:44 AM \| Permalink \| Comments
Jan 4	Federal Prosecutors End Their Case In AOL Fraud Trial Marta Wells January 4, 2007 The long-running accounting-fraud case against two former Time Warner (TWX) AOL executives might be coming to a close after many unusual twists including a mistrial for one of the defendants, according to this WashingtonPost.com article.The case, considered one of the... Continue Reading Posted at 9:48 PM \| Permalink \| Comments
	Many Retailers' Holiday Sales Were Disappointing Marta Wells January 4, 2007 For many companies such as Target (TGT), Pier 1 Imports (PIR), Limited Brands (LTD), Gap (GPS), and others the holiday shopping season was even more disappointing then anticipated.Although Wal-Mart's (WMT) December sales were an improvement over a dismal November, overall... Continue Reading Posted at 11:06 AM \| Permalink \| Comments
Jan 3	Disney Will Roll Out New Disney.com Look Marta Wells January 3, 2007 Disney's (DIS) Web sites, which include the popular ESPN.com, ABC.com and Disney.com, have been among the Internet's most visited, according to this NYTimes.com article.The word is Robert A. Iger, Disney chief executive, will be introducing a new Disney.com Web site... Continue Reading Posted at 4:18 PM \| Permalink \| Comments
	Are you Googly Enough for Google? Marta Wells January 3, 2007 Google (GOOG) is moving towards extensive surveys to help weed out the more than 100,000 job applications they receive each month.Until now Google has focused on A's on report cards and double 800s on SATs choosing not to hire engineers... Continue Reading Posted at 10:51 AM \| Permalink \| Comments
Jan 2	Goodyear Workers End Strike and Are Back on the Job Marta Wells January 2, 2007 Goodyear Tire & Rubber Co. (GT) workers are back on the job today after a three-month strike where an agreement was reached on a new three-year contract covering 14,000 employees.Morale was at an expected level with worker's glad to be... Continue Reading Posted at 5:24 PM \| Permalink \| Comments
	Wal-Mart Cares About the Environment Marta Wells January 2, 2007 Wal-Mart (WMT), long regarded as an environmental offender, began reaching out to environmental groups for help in becoming a leader on issues like fuel efficiency and greenhouse gas emissions.Choosing the most sensible vehicle to begin this offensive, the giant discount... Continue Reading Posted at 10:58 AM \| Permalink \| Comments

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