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The CEO of this dying newspaper company is a one-man black hole for shareholder value.
More earth-shattering research news from our nation’s universities! Northwestern U has come out with a study which reveals that-- old your breath!--we are more attracted to food when we are hungry than when we are not. What. A. Breakthrough.
Aspen, Colorado is a special place. And you need a lot of money to live here. There are 88 homes listed on the market for $20 million or more. Those are just the ones officially listed. But even here, the economic slowdown is starting to affect prices.
Thirty years ago, Pony was on fire. The brand, founded in 1972, was on the feet of Pele, Muhammad Ali, George Foreman and Reggie Jackson, among others. But as Nike, adidas and Reebok rose up, Pony fell behind the times and for decades has been bought out over and over and over again, with revivals failing every time.
"When the economy gets tough, the mood changes for the wealthy first." So said Maryam Saghatelian, assistant VP for Cartier’s west coast operations.
Brett Favre, as you've come to know over the last 24 hours or so, holds many records. But, to me, a sports business reporter, the most important one is all-time jersey king.
Find me an analyst or an investor who's excited about this week's same store sales results. Literally, the expectations are so low for this first month of the first quarter, that any indication of a rosier March may cause volatility around share prices when the nation's biggest stores report same store sales results for the month of February on this Thursday.
I like to think that we inspire some good debates on this blog. Sometimes I think I know what I'm talking about, like how well Will Ferrell's "Semi Pro" is going to do, and you show in the poll that plenty of you thought the movie would pull in less than $100 million gross. With the movie's measly take on opening weekend, look who's laughing now.
Friday night Countrywide informed me that an employee sales event planned in April at an expensive Florida resort has been cancelled.
After the Daytona 500, I wrote that Ryan Newman's win in the Alltel car was disasterous to the Sprint brand which is spending--by way of their acquisition of Nextel--roughly $70 million a year to be the title sponsor of NASCAR's top series.
Today, in honor of the movie "Semi-Pro" debuting, I went on "Squawk Box" with an afro and my Flint Tropics jersey T-shirt. You also might want to see the interview with Tony Ponturo of Anheuser-Busch. Tony talked to us about "Semi-Pro" and the company's new sponsorship of Ultimate Fighting.
Google's comScore headache continues to resonate through Wall Street but a growing chorus of analysts are beginning to wonder whether this is really much ado about nothing. And when I say "much ado," I mean it, considering how much this report throttled Google stock.
WPP, the world's second-largest advertising and marketing company, on Friday posted 2007 like-for-like revenue growth in line with forecasts and said 2008 should be better following record business wins.
As I'd expected, it was a rocking quarter for Viacom: its fourth quarter profit increased more than 16 percent. The two divisions undergoing a turnaround--the media networks division and its movie studio, Paramount--showed strong results.
I've been hearing from sources that Countrywide, despite cancelling an expensive ski junket to Colorado, is planning two even bigger events in Hollywood, Fla. Now comes confirmation from a source at The Westin Diplomat Resort & Spa that Countrywide has booked the location for two different events
Eddie Lampert, Chairman of Sears and hedge fund king, has asked for Wall Street to think of him as the underestimated comeback quarterback of the Giants. So is Eddie Lampert the Eli Manning of retail?
Regarding word I received of Countrywide planning junkets to a Florida resort, we received this reply from the company ...
It was supposedly the next boxing. But the sponsorships touted by the biggest brand in mixed martial arts, Ultimate Fighting Championship, didn't seem to suggest they were the next anything. The biggest names in the Octagon--Xyience energy drink and Amp'd Mobile--both filed for bankruptcy. But things are changing.
New Line Cinema has done almost everything right with its promotion of Will Ferrell’s “Semi-Pro,” the story of the fictional ABA player Jackie Moon that hits theatres tomorrow. So much so that Moon is more relevant in the sports business world today than LeBron James.
It was 31 months ago that adidas bought Reebok for $3.8 billion. What adidas was essentially doing was buying the U.S. market that had always challenged them. Reebok had a 20 percent share of that market and the combination of the two would lead, presumably, to a legitimate fight with Nike.