BNET Industries
About BNET Industries
BNET Industries gives managers and executives comprehensive daily news and insights for the advertising, automotive, energy, financial services, food, health care, media, pharmaceutical, retail, technology, and travel industries. We bring you critical analysis on new products, executive and board management changes, lawsuits and legal settlements, mergers and acquisitions, deal flow and new investment, and dozens of other crucial business issues.
Industry Articles
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Energy
Suntech Bets on the United States
In a weird reversal of the usual order, Chinese solar company Suntech has announced plans to site some manufacturing operations on American soil. It will spend the next few months ...
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Auto
Nissan's New EV: Almost Ready for Prime Time
Nissan is getting ready to launch its new electric vehicle (EV) next year, and it recently brought an early test version of the car (in the body of a Nissan ...
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Advertising
Omnicom Allegedly Rooked Into Nepotism Hire on Diversity Panel
Omnicom hired the sister of New York City councilman Larry B. Seabrook as executive director of its diversity committee -- leaving the effort to encourage minority hiring in the ad ...
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Energy
Energy Roundup: Centrica Buys BE Stake, Cleantech VC Funding Tumbles, Chevron's PR Offensive, and More
Centrica buys 20 percent stake in nuclear company British Energy -- UK utility Centrica boosted its investment in nuclear power with its purchase of a 20 percent stake in EDF's nuclear ...
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Healthcare
The Healthcare Industry Makes Its Move on Reform
The Obama Administration’s reaction to the healthcare industry’s offer to cut $2 trillion in costs over the next decade was predictably favorable. Administration officials said that if the industry could ...
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Financial Services
AIG CEO Liddy to Testify About Formation of Special Purpose Vehicles
American International Group CEO Edward Liddy's testimony on Wednesday before the U.S. House Committee on Oversight will focus on the insurer's attempt to set up SPVs (Special Purpose Vehicles) to ...
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Financial Services
Ackman Loses Against Banks' Bondholders
While hedge fund manager Bill Ackman intensifies his proxy fight against Target to change the makeup of the retailer's board, the head of Pershing Square Capital Management has already lost ...
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Advertising
Burger King Uses Darth Vader Tactic on $40 Million Ad Fund: "I Have Altered the Deal!"
In a suit filed in federal court, 850 Burger King restaurant franchise owners claim that Burger King's corporate HQ and Coca-Cola have conspired to keep millions in dollars that they ...
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Travel
Delta Pulls Out of Boston - Baltimore Route
It looks like the Boston-Baltimore wars of 2009 have claimed their first casualty. Delta will be pulling its seven daily regional jet flights in September.
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Pharma
Medicis Q1: One Day's Generic Competition Cost Company Up to 17% of Solodyn Sales
Medicis revenues declined 23 percent to $100 million in Q1 2009, underlining how dependent the company is on the launch of its competitor to Botox.
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Travel
Travel Roundup: Delta Spends $819K Lobbying, Scientists' Green Travel, Kayak's Travel Survey and More
Delta Air Lines spent $819,000 lobbying in first part of 2009 -- Atlanta-based Delta Air Lines Inc. spent $819,566 in the first three months of 2009 lobbying Congress on airline passenger ...
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Auto
Rating Agency Cuts Opinion on GM to "Strong Sell"
Standard & Poor's cut its opinion on GM to "Strong Sell," its lowest category. S&P Analyst Efraim Levy said GM is probably going bankrupt. GM President and CEO Fritz Henderson ...
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Advertising
KFC CEO's Grilled Chicken Promo Apology: What Is the Deal With the South African Accent?
Can KFC CEO Roger Eaton keep his job after screwing up the launch of Kentucky Grilled Chicken?
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Financial Services
A Gold Standard Wouldn't Work Today
In the past year, there's been a huge debate surging among the investment community about a potential reintroduction of the gold standard. It's one that should be set aside.
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Energy
NIBMYism Builds Over California Transmission Projects
Without more major power lines, it may be impossible to get energy from big renewable power plants to the towns and cities that need them. A whole range of companies ...
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Pharma
Pfizer Settlement in Trovan Case Interrupted by Judge Who Wants Fairness hearing
A settlement in the Pfizer Trovan case looked so imminent that the governor of Nigeria's Kano state (pictured) reportedly headed to London to sign it today, but a U.S. judge ...
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Technology
IBM Wins Pyrrhic Format Battle Over Microsoft
By releasing a new service pack for Office that includes support for the open document format (ODF), Microsoft appears to be complying with European demands that it play well with ...
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Technology
Amazon Outsmarts Apple App Store [Updated]
One of the big levers, both in profit and power, which Apple has had with the iPhone has been the ability to control the sale of apps. Companies that didn't ...
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Auto
General Motors Could Sell Majority Stake in Opel
Besides shedding Hummer, Saab, Saturn and Pontiac, General Motors is also looking at selling some or potentially most of its German-based Opel division. Fiat is the front-runner.
IndustryTop Rated
- WordHustler Aims to Build Digital Marketplace for Book Publishing71 votes
- Was N.Y. Post's Carlucci the Reason for News America Marketing's Settlement With Floorgraphics?59 votes
- Worst Twitter Post Ever: Ketchum Exec Insults Fedex Client on Mini-Blog57 votes
- As Layoffs Begin, Wyeth Execs Get $75 Million Severance Package50 votes
- Trial: Did News America Marketing Group Break Into Floorgraphics' Computers?50 votes
