In the News: News Corp., Borders, McDonald’s & more


In the News

News Corp. shares tumble as company goes on PR offensive with print apology as News International’s former head Rebekah Brooks was arrested Sunday, London’s police chief quits and actor Jude Law claims his phone was hacked. Prime Minister David Cameron called in Parliament to deal with the scandal, as speculation rises about possible harm to Murdoch’s US empire.

ABS by Alan Schwartz balks at design copyright protection.

Amana introduces new online shopping tool.

Australia’s government launches campaign for carbon tax.

Borders faces liquidation.[more]

Costco alcohol sales battle continues.

Cracker Barrel slices jobs.

Credit Suisse is target of inquiry.

Daimler develops electric bike for Smart unit.

Dirt Devil and Hoover owner goes on the auction block.

Facebook sponsored stories outperform standard ads, while FB bans Google+ ad.

General Mills and Nestle hit out at ethanol subsidies.

Google blocks Belgian newspapers in wake of copyright infringement spat.

Halston severs ties with Sarah Jessica Parker and Harvey Weinstein.

Hasbro earnings helped by Transformers tie-in toys.

HBO Sports head leaves after 33 years.

Hermes cuts prices, raises eyebrows.

Hertz acquires fleet licensing company.

Jennifer Lopez/Marc Anthony split may impact joint lifestyle brand with Kohl’s, but not planned TV show.

JPMorgan challenged internationally.

Liz Claiborne is in talks to sell Mexx.

McDonald’s “adjusts” prices in China.

Medicis Pharmaceutical CEO’s home becomes bizarre crime scene.

P&G CEO succession plan closely watched.

Philips plans additional cost cuts after loss.

Range Rover‘s Victoria Beckham-designed Evoque is coming to America.

RBC looks to golf to add luster to brand.

Reader’s Digest seeks buyer.

REI tries centralized strategy for Twitter.

Renault-Nissan minicar for India still on track.

Royal Dutch Shell plans to shed stake in Canadian natural-gas project.

Sony preps “oddly shaped” tablets.

US women’s soccer team attracts male fans, while loss boosts morale in Japan.

Volkswagen hopes “more masculine” revamped Beetle will appeal to men.

Warner Bros. sees Harry Potter opening weekend record of $476 million worldwide.