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13 Jul 2009 10:12

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Biz: Honda plans to push the hybrid envelope into sports car territory

  • A company must increasingly have individual character to stand out. Honda had very strong energy at its founding, and we want to use that energy for the future of Honda.
  • Just-appointed Honda Motor Co. President Takanobu Ito • On the company’s long-term plans for their cars. Next on the list? Expanding the definition of what a hybrid vehicle can be, with a speedy CR-Z hybrid sports car early next year. Speedy and green? Interesting. • source
Posted by Ernie Smith • 0 Comments • Permalink

13 Jul 2009 09:46

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Biz: At Goldman Sachs, profits are huge, yet inexplicable

  • –$2.12 billion amount Goldman Sachs lost in a single quarter last fall, when they needed bailout help from the government source
Posted by Ernie Smith • 3 Comments • Permalink

13 Jul 2009 01:00

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Biz, U.S.: The fight over Shepard Fairey’s Obama “Hope” illo gets messy

  • Plaintiffs have profited from the sales of Mr. Garcia’s copyrighted photograph image and Defendant AP seeks to reap some of the profit by claiming that it – and not Mr. Garcia – is the rightful owner of the copyright in the photograph.
  • A legal memorandum in support of photographer Manuel Garcia • Regarding Fairey v. Associated Press, i.e. the legal battle over the iconic Obama “Hope” poster. For those not in the loop, Shepard Fairey did an immaculate illustration based on a photo Garcia shot and AP ran on the wire. After it blew up, AP sued Fairey, who claimed fair use. Now, Garcia’s claiming neither of them have the right to claim that photo as theirs. We agree that Garcia has a claim over this, but point out that if you look on Getty Images, Obama has literally hundreds of photos taken of him each week (and in April of 2006 alone, he showed up on Getty 41 times) – a fact which we think dilutes both his and AP’s claims. He’s a famous person who gets photographed a lot. Fairey just grabbed a random photo. • source
Posted by Ernie Smith • 0 Comments • Permalink

12 Jul 2009 12:32

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Biz, Politics: Hollywood: The industry formerly known for its flat screens?

It’s been 50 years since this many 3D movies came out. And if money talks, how’s this: James Cameron’s Avatar will be the most expensive movie ever made. source
Posted by Nathalie Heiberg • 0 Comments • Permalink

12 Jul 2009 11:38

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Biz: Why 7-Eleven is fighting against bank card interchange fees

  • $6
    bucks     The average consumer’s purchase for the kind of food you eat at 3 a.m. in the morning when you have an unexpected hunger for congealed cheese; it’s a very low-margin racket source
Posted by Ernie Smith • 0 Comments • Permalink

11 Jul 2009 11:33

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Biz: You should probably refer to some media moguls as “Grandpa”

  • 86 age of Viacom chairman Sumner Redstone source
Posted by Ernie Smith • 0 Comments • Permalink

11 Jul 2009 11:16

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Biz: The media mogul: A soon-to-be-extinct species?

  • I don’t think you’re going to have those anymore. Bigness isn’t that great an asset anymore.
  • Tom Freston • A former Viacom Chief Executive, on media moguls who built their bread a generation ago, but could be outshone by companies like Twitter and Facebook. The two groups were major parts of a conference this week in Sun Valley, Idaho. The advantage that Twitter and Facebook have is that they’re relatively small. The disadvantage that media giants have is that they tend to want to consolidate too much – see the messy marriage of AOL Time Warner if you need a specific example.  • source
Posted by Ernie Smith • 0 Comments • Permalink
 

10 Jul 2009 17:37

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Biz, Tech: GM takes a cue from Beanie Babies, plans to hawk stuff on eBay

OK, we kid, we kid, it is a viable business plan, but it is, pardon our pun, kind of a left turn for the company. source
Posted by Ernie Smith • 0 Comments • Permalink

10 Jul 2009 17:26

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Biz: AIG’s back at the government for another bonus round

  • $285 million in I-owe-you-nothing funds need to be paid source
Posted by Ernie Smith • 0 Comments • Permalink

10 Jul 2009 14:15

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Biz: Among the victims of the GM restructuring: Plants, workers, execs

  • ten plants will be closed by the end of next year, bringing them down to 37 source
Posted by Ernie Smith • 0 Comments • Permalink
 
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