In the News: Netflix Nixes Qwikster, Disney CEO, American Apparel Gains


In the News

Netflix abruptly abandons plans to rent DVDs and kills Qwikster brand before it launches.

Disney CEO Bob Iger announces he will step down in 2015.

American Apparel finds new fans in Europe.

Apple iPhone pre-sale orders sell out, while overall iPhone sales may not be so rosy.

Chrysler plans to pare minivan offerings as part of brand rationalization and product-portfolio streamlining  as the company winds up talks with UAW.

Conde Nast to develop video and online content.[more]

Detroit Lions reach new pinnacle with tonight’s game on Monday Night Football on ESPN.

DeVry studies foreign expansion.

Dexia accepts Euro-governments rescue plan, sells consumer bank unit to Belgium.

Facebook prowls for more huge deals with marketers.

Fox News takes a 15-year victory lap.

GE becomes concerned about political conservatives’ attacks on its brand.

Geely rebuffs talk about Saab.

Justin Bieber‘s haircut trims doll-maker profits.

Lucozade Energy launches cola beverage.

LVMH snaps up its Asian supplier of crocodile skin.

Microsoft‘s $7.8 billion Skype deal cleared in Europe.

Pfizer pushes envelope on stem cell research.

Real Steel tops weekend box-office.

Sbarro aims to exit bankruptcy this year.

Scania to cut European truck production.

Tata coffee unit soars on possible Starbucks deal.

Toyota plans to export cars from India to South Africa.

Walmart runs afoul of pork-labeling law in China.