In the News: HSBC, ESPN, GM and more


In the News

AIG stock offering fetches far less than expected.

Apple and Google tell US Senate hearing they don’t track users.

Apollo Global Management agrees to buy CKX, owner of the American Idol franchise.

Chrysler global sales advance 20% with gains outside US.

Delsey uses humor to promote light luggage.

Delta and United Airlines levy fuel fees surcharge.

Disney CEO Bob Iger claims NFL lockout woudn’t hurt ESPN.[more]

Esurance expands US Open tennis sponsorship.

Facebook is under fire after revealing it gave third parties access to user data.

GM boosts manufacturing presence in US with $2-billion commitment and shifts emphasis in China to inland markets.

Google sets aside $500 million for possible ad probe settlement in US.

HSBC to cut costs by up to $3.5 billion, cut retail arm and review US credit card business.

Microsoft‘s purchase of Skype (which reportedly shopped itself for $7 billion minimum) marks aggressive growth strategy.

McDonald’s to receive $1 billion makeover.

MTV Networks expands original web series, including at Comedy Central.

Pepsi seeks deeper consumer engagement with next phase of Refresh.

Renault to launch major TV campaign for electric vehicles.

Sony launches 3D social media contest.

Tesco ramps up private label presence.

Toyota reports that profit fell 77% post-quake.

Triple Five Group hopes to bring Mall of America to New Jersey.

Wendy’s/Arby’s Group closes in on sale of Arby’s brand.

Xerox seeks faster growth in its services business.