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BUSINESS
August 30, 2007 | From the Associated Press
Computer maker Apple Inc. and German automaker Volkswagen are discussing the possibility of building an "iCar" that would feature products by the producer of the ubiquitous iPod personal music player. Apple Chief Executive Steve Jobs and Volkswagen CEO Martin Winterkorn met several days ago in California and plan to meet for further discussions, said Hans-Gerd Bode, a spokesman for VW. There are "scores of ideas" but few concrete plans at this point, Bode said.
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BUSINESS
August 22, 2007 | From Times Wire Services
Philip Morris USA said it would introduce a moist smokeless tobacco product this fall under the Marlboro brand, selling it first in the Atlanta area. The Richmond, Va.-based company will sell the spitting tobacco in original and wintergreen flavors for about $3 a can. It is part of a wider effort to sell more smokeless products in the U.S. as cigarette consumption declines because of health concerns, smoking bans and price increases. Philip Morris USA is owned by New York-based Altria Group.
BUSINESS
August 9, 2007 | From Times Wire Services
Merck & Co. stopped development of an experimental pill for chronic pain, the latest setback in its bid to replace the recalled painkiller Vioxx. The drug, MK-6721, "does not demonstrate the ideal pharmaceutical characteristics considered necessary to advance the compound further in development," Merck's partner on the pill, closely held Neuromed Pharmaceuticals, said in a statement. Whitehouse Station, N.J.-based Merck declined to comment. The company is trying to recoup some of the $2.
BUSINESS
June 27, 2007 | Alex Pham, Times Staff Writer
Soulless. Repetitive. Clunky. Those were some of the kinder words that critics have bestowed on video games based on Hollywood films. But many of those games have nonetheless sold well thanks to the movie marketing blitz that accompanies box-office releases. For example, the "Enter the Matrix" game, which one critic called "astoundingly dull," sold 2.3 million copies in the U.S.
BUSINESS
June 27, 2007 | From Times Wire Services
Abbott Laboratories Inc. and Genentech Inc. will collaborate to develop and eventually sell two Abbott cancer drugs now in early stages of human testing, the companies said. The drug makers did not disclose financial terms of the global deal, under which they will work together on all aspects of further development of the drugs discovered by Abbott, known as ABT-263 and ABT-869. They will co-promote the drugs in the U.S., with Abbott marketing them overseas.
BUSINESS
June 22, 2007 | From Reuters
Hasbro Inc. is banking on its "Transformers" product license being golden enough to sell a $495 transforming jacket, and Mattel Inc. disclosed plans for girls to tee it up with Barbie golf clubs this week at the 2007 Licensing International show in New York. Meanwhile, video game maker Nintendo Co. hopes the Super Mario Brothers franchise still carries enough cachet from its 1980s heyday to sell sneakers and candy. And NASCAR looks to have its fans buzzing with bottled wine bearing its name.
BUSINESS
June 19, 2007 | From Times Staff and Wire Reports
Apple Inc. said the battery on its iPhone mobile device would let users talk three hours longer than planned, raising prospects of a successful debut next week. The battery will provide as much as eight hours of talk time on one charge, more than rival phones, Apple said. The iPhone, a combination mobile phone and iPod media player that will cost as much as $599, also offers six hours of Internet use, seven hours of video playback or 24 hours of audio playback.
BUSINESS
June 14, 2007 | From Times Wire Services
Irvine-based chip maker Broadcom Corp. has been in talks with cellphone makers about new designs since winning a patent dispute with rival Qualcomm Inc., Chief Executive Scott McGregor said. The U.S. International Trade Commission on June 7 banned the import of some phones after finding that Qualcomm's newest chips infringe a Broadcom patent for a battery-saving feature. The ban could mean wireless carriers won't be able to offer the newest phones for Christmas.
BUSINESS
June 13, 2007 | From Times Wire Services
The world's largest pharmaceutical companies, including Pfizer Inc. and GlaxoSmithKline, must change their business models to tap a global market that will expand to $1.3 trillion by 2020, a report said. The industry's strategy of developing so-called blockbuster medicines costs too much and produces too little, according to a report by PricewaterhouseCoopers.
BUSINESS
June 6, 2007 | From Times Wire Services
General Motors Corp. has awarded two contracts to companies that will help speed development of its plug-in electric car called the Chevrolet Volt, GM Chairman Rick Wagoner said. Wagoner also said at GM's annual shareholder meeting that the company would introduce four hybrid models this year.
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