November 27, 2012 |
After the coffee. Before auditioning for "Two and a Half Men. " The Skinny: Isn't the week after Thanksgiving the most depressing of the year? You had this great short week and now this week will feel like two. That's weak! Tuesday's headlines include a look at why "The Hobbit" will look different from any movie you've seen before; Warner Bros. renews with Village Roadshow; and "Two and a Half Men" co-star Angus Jones would like a new gig. Daily Dose: Lifetime's "Liz and Dick" movie starring Lindsay Lohan drew 3.5 million viewers in its Sunday premiere.
November 14, 2012 |
Nearly 3 out of 4 smartphones sold in the world in the third quarter run on Google's Android operating system, according to a report released Wednesday. Android accounted for 72.4% of the market for smartphone operating systems sold in this year's third quarter, according to the report from Gartner Inc., up from 52.5% in the period a year earlier. A big chunk of that gain was attributed to Samsung, which sold 55 million smartphones. The bulk of Samsung's smartphones run on Android.
November 12, 2012 |
BlackBerry 10 is finally making its debut in January after a lengthy delay, but it may be too little, too late for troubled Research in Motion Ltd. The latest operating system is a crucial product for the Canadian company, which has seen both its stock market value and consumer perception plummet in just a few years. BlackBerrys were once the go-to phone for corporations and everyday smartphone users but have since been overshadowed by Apple Inc.'s iPhone and devices running Google Inc.'s Android operating system.
November 5, 2012 |
Rumors and leaks may have hurt Apple in the tablet market during this year's third quarter, resulting in a significant loss of market share, a report Monday says. The Cupertino company went from controlling 65.5% of the market during the 2012 second quarter to 50.4% in the third quarter, according to IDC , a tech analytics firm. IDC said it believes the rumors surrounding the iPad mini led a "sizable percentage of consumers" who were interested in getting an iPad to wait and see what Apple would offer and to sit out making a purchase during the third quarter.
October 26, 2012 |
British publishing house Pearson said it's in talks to combine its Penguin book publishing unit with Random House Inc. as the media companies try to bulk up in response to a surge in providers of electronic books. The merged company would have combined revenue of about $3 billion, based on 2011 annual reports. No agreement has been reached and the discussions may not lead to a transaction, Pearson said in a statement. Christian Steinhof, a spokesman for Random House' parent company, Bertelsmann, referred to Pearson's statement and declined to comment further.
October 10, 2012 |
Toyota will recall 2.5 million vehicles sold in the U.S. to fix a faulty power window switch linked to several hundred reports of smoke and fires and at least nine injuries. The automaker said it is not aware of any crashes resulting from the problem. The move by Toyota follows a National Highway Traffic Safety Administration probe into the problem and is part of a global recall of nearly 7.5 million vehicles. The U.S. recall includes the 2007 to 2008 Yaris, the 2007 to 2009 RAV4, the 2007 to 2009 Tundra, the 2007 to 2009 Camry, the 2007 to 2009 Camry Hybrid, the 2008 to 2009 Scion xD, the 2008 to 2009 Scion xA, the 2008 to 2009 Sequoia, the 2008 Highlander, the 2008 Highlander Hybrid, the 2009 Corolla and the 2009 Matrix.
September 22, 2012 |
Regulators in the U.S. and Europe on Friday approved Universal Music Group's $1.9-billion acquisition of EMI Group Ltd.'s music division, giving the Los Angeles-based music company control of the Beatles music catalog and the iconic Abbey Road studios in London, but forcing it to divest interest in the music of Coldplay. The merger will create an even larger global music conglomerate and put the vast majority of commercially released music into the hands of three international giants: the Universal, Sony and Warner music groups.
August 28, 2012 |
Private equity firm Clayton, Dubilier & Rice is buying David's Bridal Inc. in a deal that values the private company at about $1.05 billion. Los Angeles private equity firm Leonard Green & Partners, which bought the retailer in 2006, will remain a minority partner in the company. David's Bridal produces and sells bridal and special-occasion apparel and accessories through a network of more than 300 stores in North America. Paul Pressler, a Clayton, Dubilier & Rice operating partner and a former Gap Inc. chief executive, will become the company's chairman.
August 9, 2012 |
Department store giant Macy's Inc. reported a nearly 16% jump in second-quarter profit as online sales grew and shoppers responded enthusiastically to its localized merchandise offerings. For the three months ended July 28, the parent company of the Macy's and Bloomingdale's chains said Wednesday that profit rose to $279 million, or 67 cents a share, compared with $241 million, or 55 cents, a year earlier. That beats expectations of analysts surveyed by Thomson Reuters who predicted 64 cents a share.
August 2, 2012 |
General Motors Co. profits fell 41% as the automaker piled up losses in Europe and earned less money in the U.S. GM said it earned $1.5 billion in the second quarter, down from $2.5 billion in the same period a year earlier. Revenue dipped 4% to $37.6 billion. The company attributed the decline to strengthening of the U.S. dollar against other currencies. "Our results in North America, our international operations and at GM Financial were solid but we clearly have more work to do to offset the headwinds we face, especially in regions like Europe and South America," said Dan Akerson, GM's chief executive.