All Entries in the "Business" Category
Redbox Acquires NCR, Blockbuster Express For Up To $100 Million
Coinstar, the company behind DVD-kiosk service Redbox, today announced it had acquired NCR for as much as $100 million. NCR, once the central rival to Redbox through its Blockbuster Express brand, operates roughly 10,000 movie-rental kiosks throughout the country which will now come under Redbox and Coinstar’s control. They boast more locations than McDonald’s and [...]
60 Minutes: Mikhail Prokhorov
A 60 Minutes piece from last year looks at the life of the richest man in Russia, Mikhail Prokhorov. Very interesting story and how luck + timing can be your biggest friend.
Me, Myself & I
The “All About Me” factor helps revitalize brand. Last month, Australia went crazy over newly released cans of Coke. A local ad agency had dreamed up an entirely new way of revitalizing the 125-year-old brand, reversing its steadily declining sales and tapping into the diminishing youth market. During the first stage of the campaign, 150 [...]
Lenovo | The New Rival For HP and Apple
Which computer maker this year introduced three new tablets, a speedy new smartphone, an edgy new global branding campaign, and the launch of an outer space science competition with Google? If you guessed Apple, HP, or Dell, think again. It’s Lenovo, a computer giant you’ve probably never even heard. The company is focused on the [...]
Buffett’s Firm Buys 5.6% or $10.7 Billion of IBM Stock
Warren Buffett says his company bought $10.7 billion of IBM stock this year, about a 5.6% stake. The legendary investor revealed the IBM (IBM) stock purchases during an interview on CNBC Monday. Buffett’s company, Berkshire Hathaway (BRK.A) will file a quarterly update on its U.S. stock portfolio Monday afternoon. He said he recently changed his [...]
Sony Forecasts Fourth Straight Loss
(Reuters) – Sony Corp said it is headed for its fourth straight annual net loss, instead of a profit it forecast earlier, as Thai floods disrupted camera production, adding to losses from a soaring yen and price slides in its TVs and PCs in the United States and Europe. The maker of Bravia TVs, Vaio [...]
