Most people consider tequila to be a party drink. Upscale brands are using marketing to millenials to change perception.» Read More
So we've just learned that Electronic Arts made a $2 billion bid to take over Take-Two last Tuesday. EA went public with the news Sunday after Take Two's board denied the deal. The notion of such a deal probably makes sports gamers cringe, much in the same way that trading card buffs feared Upper Deck's attempts at buying Topps last year
OK, it's not as if HUMMER needs our sympathy. The folks running GM's supersized SUV line know they are fighting an uphill battle, trying to grow sales, expand the line-up, and shift HUMMER's image in the face of rising gas prices. But this is HUMMER, even if the execs there feel overmatched, they won't admit it. Nor should they.
Last night, JC Penney unveiled its largest brand launch in company history--which also happens to be Ralph Lauren's biggest bet. Dubbed "American Living," the clothing and homegoods line is centered around the same-preppy aesthetic that Ralph Lauren has mastered but the price points are far from the high-end ticket prices that usually accompanies any RL project.
Readers of this blog know I'm not afraid to show my body. I created a stir when I had Nike send me a shirt that didn't look flattering on Tiger. For those who missed it, I've included the photo.
What's 15 percent of "The Big Cactus?" Whatever it is, I'm collecting it, baby. On Friday, I interviewed Shaquille O'Neal on our show "Squawk on the Street," and towards the end of the interview, we had the following exchange.
In October, Gatorade agreed to, for the first time ever, license an athlete's name for a product and give that athlete a percentage of product sales. That athlete was Tiger Woods and we projected that Woods would make more than $11 million in royalties from March 2008 to March 2009.
In our interactive/reality TV culture, Embassy Suites decided to get patrons in on the decision to create new “Do Not Disturb” signs (“DND”). Here, after months of deliberations, are the winners. Also: Your e-mails re Countrywide, Fake Jane and Sarah Silverman!
I can't recall an NBA All-Star Game where there were fewer shoes to buzz about. ...How does Dwight Howard win the dunk contest in a Superman cape and in what is essentially a generic Adidas shoe? I posed that question to Adidas spokesman Travis Gonzolez...
It's not easy for Sprint these days: It lost about 1 million customers last year and is readying to announce the amount of a huge write-off related to its Nextel merger. Then, just as it was ramping up for 2008, the first year in which the Nextel Cup Series would be renamed the Sprint Cup, the wrong driver's won the Daytona 500 on Sunday...
Now that American Apparel CEO Dov Charney's sexual harassment and wrongful termination lawsuit is headed to trial, will there be changes in the boardroom or behavior in how day-to-day management of American Apparel is handled? ...The trial is set to begin today...
Cramer makes the call on viewers' favorite stocks.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
With a Bud Shootout and Gatorade Duels victory, Dale Earnhardt Jr. is 2-for-2 in non-point races, which should come as a relief to NASCAR executives. The statistics on Earnhardt are scary. In his last 114 real races, Earnhardt has won only twice. That's a winning percentage of 1.75 percent.
Many of Yahoo's employees harbor a deep Silicon Valley-bred distrust of rival Microsoft's corporate culture. That may not matter.
So as many of you know, my one-hour documentary on Nike premiered on Tuesday. I received many nice notes from readers and a couple strange ones. The craziest group of notes were from people who brought up the fact that Nike actually wasn't a completely original name at the time Blue Ribbon Sports' employee Jeff Johnson came up with in 1971.
YouTube threw a coming out party of sorts to hundreds of top ad industry execs in New York City this week. The event was called 'Videocracy,' and it's the largest ever advertiser event thrown by Google which bought YouTube for $1.6 billion dollars two years ago.
Over a million bouquets of flowers will be delivered today by FTD. After all, Valentine's day is to flower and jewelry companies what the Super Bowl is to TV retailers. Competitor 1-800-flowers and other delivery services including Harry & David are highly affected not only by a consumer cutting back on spending but also by the weather.
Yahoo is holding talks with News Corp. about combining MySpace and other News Corp.-owned online properties with Yahoo.
The negotiating committee of the Writers Guild of America voted unanimously to accept a new tentative three-year deal with the major Holywood studios.
The relationship was renewed only three days ago and yet Gucci's love affair with NY is already hitting a stumbling block. New York City's Empire State Development Corporation (ESDC) is challenging Gucci's use of the 'Gucci (loves as symbolized by a heart) New York' slogan on its new limited edition bags.
Basketball shoe sales aren't that hot right now. Even Nike--which has 86 percent of the U.S. market--and has been up as the market has continued to decline, saw a double digit decline in the fourth quarter, according to analyst Matt Powell of SportsOneSource.