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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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Media
Google Searches for Spirituality
This post originally appeared in BNET Intercom. With the number of tech-watchers following Google's every move, it's almost impossible to get a scoop on the Silicon Valley darling. But today ...
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Pharma
Pharma Roundup: Merck CEO Admits Failure, Lilly's New Zyprexa Delay, and More
Merck CEO admits Merck's mistakes, Lilly's long-acting Zyprexa formulation delayed again by FDA, VC funding goes on, Actavis for sale
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Retail
Retail Roundup: Macy's Closes 11 stores, Wal-Mart Misses Mark, More
Macy's shutters 11 stores -- On the heels of a poor holiday season, Macy's Inc. has decided to close 11 underperforming locations, according to a Jan. 8 announcement. Final-clearance sales ...
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Technology
Dell Execs Leave In Comfort
On December 31, Dell announced that it was reorganizing around major customer segments and that CMO Mark Jarvis and Mike Cannon, president of global operations would be replaced. But don't ...
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Government
Treasury Department to Pay Significant Costs to Manage Financial Bailout
We had written in the past about the U.S. Treasury Department having to hire contractors to help manage the TARP financial bailout passed by Congress last year. Now The Wall ...
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Advertising
Advertising Roundup: French Cellphone Ad Ban; Geoff Seymour Dies; Lamar Stock Heavily Traded; Fedex Budget Tanks; More ...
French Cellphone Ad Ban; Geoff Seymour Dies; Lamar Stock Heavily Traded; Fedex Budget Tanks; More ...
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Food
Agriprocessors Kosher Iowa Plant to Stay Open
Agriprocessors is still keeping secret the identities of at least twelve bidders on its Postville, Iowa slaughterhouse, the site of the company's recent legal troubles. But yesterday the company's court-appointed ...
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Pharma
Inspire Withdraws From Allergan's Restasis Effort
Inspire has stopped co-promoting Restasis, the dry-eye drug launched by Allergan, according to the Triangle Business Journal. Inspire will still receive royalties on the drug at the same rate as ...
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Travel
Mesa May Issue Twelve Times Its Current Outstanding Shares
When your shares are sitting at just over a quarter, it doesn't make it easy to raise extra funds. Mesa, potentially in need of doing just that, is about to ...
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Energy
Energy Roundup: SunEdison Buys Real Estate, ZeaChem Gets $34M, and More
Cellulosic ethanol startup ZeaChem raised $34 million; Cleveland-based Developers Diversified Realty will generate $2.5 million in revenue this year from a plan with SunEdison; Property manager Cushman & Wakefield has ...
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Travel
When Killing Condos Can Save Your Project
Killing 200 condominiums atop the Harmon Hotel & Spa was a way to save money, said an executive with the CityCenter project. The 49-story tower will almost be halved, saving $600 million in ...
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Auto
Satellite Radio: Lots of In-Car Listeners, No Profits Yet
If satellite radio's wealth were measured in paying customers, it would be a rich company. Sirius XM Radio has almost 20 million subscribers in 2009, compared to less than a million ...
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Technology
Google Is Far From Safe
Google is facing some "challenges," as the corporate set says when wanting to avoid the word "problem." Only in this case, the real concept may be "quicksand pit." As the ...
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Retail
Target Sales Demonstrate Consumer Demand for Discounts
Target sales for December constitute more evidence that consumers are making discounts a higher priority when they're shopping. Target said its comparable-store sales for the five weeks ended Jan. 3 ...
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Pharma
Boehringer Reps' Get Legal Victory on Back Pay; Amgen, Serono Reps Could Be Affected
Sales reps at Boeringer-Ingelheim have won a legal victory that may lead to them being awarded back-pay for all the unpaid overtime they have worked. The ruling, by a federal ...
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Advertising
The Scale of the Stupidity at Leo Burnett
With the shock of the $20 million fraud scandal at Leo Burnett now 48 hours old, it's time to assess the sheer scale of the stupidity which led to the ...
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Media
Media Roundup: Time Warner Posts Write Down, Boston Globe Sells Front Page Ads And More
Time Warner Posts Write Down, Boston Globe Sells Front Page Ads, ABC to use BBC reporters in Iraq, Despite rumors, EW will continue to print, Yahoo for sale .. again, ...
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Travel
PhoCusWright Chairman Joins Travel Innovation Summit Winner's Board
Apparently the perks of winning PhoCusWright's Travel Innovation Summit are greater than advertised. On November 8, I was surprised to see Interactive Mobile @dvertising (iM@) win the Travel Innovation Summit ...
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Media
MySpace Creeps Into TV's Space
Maybe you haven't been hankering to access MySpace on your TV, but no matter. In a deal announced at this week's International Consumer Electronics Show, MySpace has teamed with Toshiba, ...
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