‘American Idol’ has established itself as a kind of cultural phenomenon across the nation and regained the lost glory of television industry. It has kept people glued to the television sets since it has started to be aired in the year 2002. Definitely ,American Idol has redefined the concept of programming and the marketing strategy [...]
Bombardier Inc. is raising the ante in its fight with archrival Embraer SA, with the launch of a 100-seat jet designed to make the group more competitive with its Brazilian rival. Bombardier in its statement has said that it will be more cost efficient than the Brazilian company’s model in addition to it the new [...]
The European Union has fined Otis Elevator Co. and four other elevator and escalator makers $1.3 billion for allegedly running an illegal cartel. These companies were involved in operating cartels for the installation and maintenance of elevators and escalators in Germany, Belgium, Luxembourg and the Netherlands. The fine represents largest ever fine for price fixing [...]
The Patent and Trademark Office has recently decided to invalidate a fundamental patent held by Genentech, the biotechnology company. The decision came after the Supreme Court ruled last month that MedImmune Inc. could challenge the patent even though it had licensed the rights to use it. The ruling highlighted the fact that the decision would [...]
Anheuser-Busch Cos. Inc., the largest U.S. brewer, has formed an equally owned joint venture with India’s Crown Beers to brew, market and sell Budweiser and other beer brands in India. The recent joint venture is largely influenced by the fact that incomes and the market for alcoholic drinks are growing. The company has preferred to [...]
Univision Communications Inc., the largest Spanish-language broadcaster of the U.S., could face a record $24 million fine from the Federal Communications Commission for failing to meet government rules for educational children’s programming. The FCC is expected to slap U.S. Hispanic network Univision with a record fine that will allow the broadcaster to proceed with a [...]
The prospective acquirers of TXU Corp. have pledged to cancel proposals to build eight of 11 controversial coal-fired power plants in Texas, in case if they gain control of the company. The move is especially designed to neutralize one of the biggest possible obstacles to the deal. The offer is contained in a 10-point program [...]
TXU, the leading energy provider in Texas, has reportedly tentatively agreed to a $45 billion buyout that would not only be the largest private-equity deal in history. The deal would also feature an interesting twist in the story; the buyers have promised environmental groups they would cancel a slew of coal-fired power plants on the [...]
Japan’s Toyota Motor Corp., seriously concerned to increase manufacturing capacity in North America to ward off any potential trade concerns, is likely to choose Tupelo, Miss., as the site for the eighth North American assembly plant. However, it has been learnt that the proposal is still pending in the company’s board for approval. Toyota, which [...]
Microsoft Corp. has recently announced that it will buy Medstory Inc., a California-based start-up company that develops Web search technology for medical information. Microsoft has taken this decision to buy a small consumer health Web-search service as part of a broader plan to push into healthcare software and Internet services. Steve Ballmer, chief executive of [...]
