BlackBerry Gets a Billion Reasons to Survive with Last-Minute Investment from Shareholders
BlackBerry seems to have more than a few lives. The company that has had one foot in its grave for months now has been revitalized through an infusion of $1 billion from its largest shareholder, Fairfax Financial Holdings and “an unnamed group of institutional investors,” according to the New YorkContinue Reading
Brew This: Kraft Plans to Test Packaged Coffee with McDonald’s
Well, it works for Starbucks. So why can’t McDonald’s also sell packaged versions of its McCafe coffee line in US supermarkets? The struggling fast-food giant will begin testing just that idea next year in a deal with Kraft. The tests will include packages of whole bean and ground coffee asContinue Reading
Finally With Enough Supply, Chrysler Begins Marketing New Jeep Cherokee
Short on truly new-from-the-ground-up products compared with most of its competitors, Chrysler really couldn’t afford to botch the launch of its new Jeep Cherokee into the heart of the fast-growing mid-size SUV segment in the US market. But it did. And now Chrysler CEO Sergio Marchionne not only is havingContinue Reading
In the News: Facebook, Starbucks, Politico and more
Facebook encounters decline in teen engagement as mobile ads fueled profit jump. Starbucks enjoys best year in its history. Politico launches a print magazine. American Airlines and US Airways trying to work with government to clear merger. BMW recalls 176,000 vehicles to fix power brakes. Bank of America sees $1Continue Reading
Best Buy’s Strategy to Combat Showrooming? Embrace It
The act of “showrooming,” or visiting stores to check out products and then ordering them online, has been a killer for big-box retailers like Walmart, Target and Best Buy. The problem has affected both ends of the retail spectrum; Williams-Sonoma recently announced its battle plan to combat it this year.Continue Reading