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Today in the Fortune 500: Google leads the charge on mobile payments, networks feel the heat from the NFL lockout and Southwest wants in on the Big Apple
March 28, 2011: 9:51 AM ET
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The Fortune 500 comes out just once a year, but the companies on it make headlines every day. Here then are today's highlights of news and happenings coming from the biggest names in business.
By Shelley DuBois, reporter
A FALL WITHOUT FOOTBALL is making people at major television networks nervous. Companies such as CBS Corp.(CBS), Fox, Comcast's (CMCSA) NBC and Walt Disney Co.'s (DIS) ESPN are starting to look around for other programming for the fall in case the NFL lockout disrupts the coming season's schedule. It's no small marketing issue--commercials run during the NFL season rake in $3 billion per year from advertisers. [Wall Street Journal]
SOUTHWEST HAS BUSINESS IN NEW YORK The airline began offering new flights out of Newark Airport on Sunday in its effort to tack on more routes in the New York area. It's part of Southwest's (LUV) push to make a bid for more business travelers, which haven't traditionally been the bulk of its customers. [Wall Street Journal]
SWITCHING OUT OF CRISIS MODE Half of Wal-Mart's (WMT) Japanese stores are changing back from relief efforts to normal operations. That means 12 stores will be back in business--10 of the remaining 12 will open soon, says Wal-Mart's Asia chief, but two are still covered in mud. [Bloomberg Businessweek]
GET ON THE CLOUD Tech company Hewlett-Packard (HPQ) lags behind its competitors in cloud computing technology, and the market is noticing. HP is trading at a low valuation compared to its peers, and is facing slow sales growth over the next two years. To catch up, the company will probably have to buy a company with expertise in the cloud. [Bloomberg Businessweek]
BUFFETT SHARES WISDOM in New Delhi on Friday, where he spoke to an audience of about 500 people about his investment strategies. One of the Berkshire Hathaway (BRKA) CEO's key strategies, he said, is to invest in assets that produce, such as stocks of companies or farmland that produces crops. [Wall Street Journal]
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Today in the Fortune 500: JPMorgan in talks with Twitter, Google changes search rankings and Comcast CEO isn't scared of online video
The Fortune 500 comes out just once a year, but the companies on it make headlines every day. Here then are today's highlights of news and happenings coming from the biggest names in business.
By Shelley DuBois, reporter
JPMORGAN COULD INVEST IN TWITTER The bank is thinking about putting some of the money from its $1.2 billion digital growth fund into the microblogging site, which would give JPMorgan (JPM) a MORE
Feb 28, 2011 9:34 AM ETPosted in: Brian Roberts, Comcast, Fortune 500, Goldman Sachs, GOOG, Google, JPM, JPMorgan Chase, Kraft Foods, Starbucks, Twitter, Warren Buffett -
Today in the Fortune 500: Exxon expands gas assets over oil, Apple's app subscription plan miffs publishers and Mexican freeze hurts Supervalu
The Fortune 500 comes out just once a year, but the companies on it make headlines every day. Here then are today's highlights of news and happenings coming from the biggest names in business.
By Shelley DuBois, reporter
EXXON'S OIL SQUEEZE The company released a financial report recently that highlighted an ongoing trend in the oil industry. Namely, major companies are having trouble finding untapped oil fields that aren't politically or technically difficult MORE
Feb 16, 2011 7:06 AM ETPosted in: Apple, Berkshire Hathaway, BRK, CMCSA, Comcast, Fortune 500, IPad, Lowe's, Mexico, Nike, Nike Inc, NKE, SBUX, Starbucks, Warren Buffett -
Today in the Fortune 500: Jet-leasing fuels Boeing sales, no New Year's deal for Comcast and AIG loses ground in worker's comp probe.
The Fortune 500 comes out just once a year, but the companies on it make headlines every day. Here then are today's highlights of news and happenings coming from the biggest names in business.
By Shelley DuBois, reporter
IT'S A RENTER'S ECONOMY for aircraft, that is. Air travel is picking up in general, but the return of jet-leasing is also helping companies such as Airbus and Boeing (BA) MORE
Dec 23, 2010 8:35 AM ET -
Today in the Fortune 500: Yahoo's ego problem, Comcast starts to cut the cord and McDonald's vs. the food police.
The Fortune 500 comes out just once a year, but the companies on it make headlines every day. Here then are today's highlights of news and happenings coming from the biggest names in business.
By Shelley DuBois, reporter
YAHOO IS NOT THE ONLY SMART GUY, says the owner of most of Yahoo's Asian assets, billionaire Masayoshi Son, but the fact that it thought it was hurt the company. Son's assets combined with Yahoo's MORE
Dec 14, 2010 8:34 AM ETPosted in: Comcast, Royal Dutch Shell, Wal-Mart, Wall Street Journal, Warren Buffett, WMT, Xcalibur, Yahoo, YHOO -
Football's true Patriot
Robert Kraft has turned New England into a football juggernaut. Now all he has to do is save the NFL.
By William D. Cohan, contributor
Neither fate nor the collective bargaining gods could have timed it better. Three days before the start of the NFL season this year, on a sunny Thursday morning at 6:34, Patriots star quarterback Tom Brady was cruising in his black Audi down Gloucester Avenue in Boston's Back MORE
Nov 3, 2010 3:00 AM ETPosted in: ABC, Bill Belichick, Boston, CBS, Comcast, ESPN, football, Fox, Kraft Group, New England Patriots, NFL, Robert Kraft, Tom Brady
