Archive for September, 2009
Donald Fisher, co-founder of Gap, passes away at 81
I am reposting this feed from the Huffington Post to commemorate the life and work of Donald Fisher. Fisher, most widely known for co-founding the Gap, was a great business man (shaping the retail world forever) but more importantly, a great human being. Condolences go out to his family, may he rest in peace.
“PORTLAND, Ore. — Donald [...]
Kraft is given an ultimatum on Cadbury — Things are getting a bit testy over in the UK
The Times of London is reporting that the Takeover Panel overseeing the possible Kraft buyout of Cadbury has essentially issued a put up or shut up warning. Basically, the panel said that should a clear-cut, sensible (Kraft’s original offer was turned down, see below) offer not be on the table by the deadline, Kraft is [...]
Nissan predicts 20,000 orders for Leaf EV before the wheels even hit the road
Ever heard the saying don’t count your chickens before they’ve hatched? I’m not so sure Carlos Tavares, Nissan’s chairman has. From vicious tweet wars with GM, to bold predictions, Nissan is making quite a media buzz surrounding the release of their new hybrid.
“NASHVILLE — Nissan North America will begin taking sales orders for its new Nissan Leaf [...]
Penske – Saturn deal may finally get done
Rumors coming out of Detroit are that the Penske take over of Saturn may be finalized as early as tomorrow. I say rumors, because GM is yet to cofirm the report.
Roger Penske meanwhile has been brainstorming ideas on how to make the carmaker successful, as despite their solid reputation and success for retailers, Saturn is yet to [...]
185,000 complaints later, rejected PPI customers may finally have their way
Who ever said that complaining won’t get you anywhere? After nearly 200,000 complaints by customers who believe they were duped into buying faulty payment protection insurance, it seems there may be a chance for justice to be served. As you will find below, Jon Pain, managing director of retail markets at the FSA, is taking [...]
JPMorgan Chase & Co. to undergo senior management changes
JPMorgan Chase & Co. made a huge announcement today, in that, it will be shuffling the senior management duties of its investment banking and asset management units.
Previously the co-CEO of the division, Steve Black will step forward as the executive chairman, while the other “co” Bill Winters will be leaving the company. Black will, reportedly, [...]
British Airways to introduce ANOTHER new charge to passengers
First new charges for luggage under the plane, next new charges for carry-ons, next new charges for your pets…Pile on these new charges, it seems it will only be a matter of time before passengers need to pay for the bathroom, their seatbelt and oxygen mask.
“British Airways passengers will have to pay to choose their [...]
