THE DAILY IS HERE Rupert Murdoch's baby launched at a New York press conference. It's News Corp.'s (NWS) new iPad-only publication, sold exclusively through Apple's (APPL) iTunes store for 99 cents a pop. Murcoch says it's supposed to target the 15 million people predicted to buy new iPads this year. Check the demo to see its spiffy features. [BBC]
APPLE, FOR ITS PART wants to funnel more sales of electronic publications through iTunes, and thus gain more control over the e-reader market. Apple announced a new delivery and billing system intended to foster its dominance and other publishers are worried. [Wall Street Journal]
COUGAR STRIKES sales of PCs for companies including HP, Dell (DELL), Samsung and Lenovo that built models around Intel's (INTC) very fast but apparently flawed Sandy Bridge microprocessor. The faulty chipsets built around Sandy Bridge chips are called Cougar Point. About 8 million are on the market now, and Inetel plans to compensate customers for them. [BBC]
GEORGIA ON HP'S MIND Tech company Hewlett-Packard (HPQ) plans to outsource IT used by its clients in Eastern Europe and former Soviet Union countries to Georgia. HP will pay tens of millions of dollars to set up the region's first IT shared services center, which will ultimately employ about 1,000 people. [Bloomberg]
SHELL KNOCKS ALGAE out of the list of biofuels competing for its funding. It's part of Shell's (RDSA) renewable plan. The company has dubbed 2011 the "year of choices" when it will narrow its investment in ten biofuel technologies down to five. [Fast Company]
NIKE OWNS US ALL Nike's (NKE) four-part strategy for global dominance explained. [Fortune]
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
GM READY TO DRIVE SOLO sometime within the next year, according to a representative from the Obama administration. After the government saved the company from going under in MORE
Jan 27, 2011 7:09 AM ET
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
RETURN TO SENDER Mark Hurd, former CEO of HP (HPQ), and his legal team are fighting to maintain the secrecy of the letter from former HP contractor Jodie Fisher that MORE
Dec 22, 2010 8:42 AM ET
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
INSIDER TRADING CRACKDOWN progresses as U.S. federal authorities arrest four major tech companies' employees accused of participating in an insider trading network that touched on several of MORE
Dec 17, 2010 1:14 PM ET
CARLSBAD, Calif. - Barry Diller defines the calm, cool, collected CEO. At least on stage, when he's on his best behavior. He called his recent (successful) litigation with partner Liberty Media a wrenching three-month distraction. Come Aug. 1, he says, IAC (IACI) will complete its split into five companies, including the "new" IAC, a pure Web company.
Diller was more interesting about other people's businesses than his MORE
May 28, 2008 3:50 PM ET