BMW is investing 3 billion euros in EVs and marketing. 

AP execs outraged over government probe of phone records.

Sony is targeted for breakup by American investor.

Airbus aims to steal limelight from Boeing at upcoming Paris Air Show.

Amazon workers go on strike in Germany.

BNP Paribas eyes mobile and online banking.

Citibank says "no fees" means "never."

Coach approached Tory Burch about a deal.

Coca-Cola faces claim that Coke top-secret recipe has been found.Continue reading...

New York City’s Citi Bike bike share program is finally ready to launch, with 6,000 bikes and 330 docking stations spreading in Brooklyn and Manhattan, but plenty of New Yorkers have already found something to complain about. 

The just-placed docking stations are causing parking and delivery problems for residents and business owners. According to CBS Local, drivers are being forced to stall their vehicles in no standing zones while others have noted that the docking stations block loading docks and drop-off points. “I don’t know how we’re going to be able to operate really now effectively. It’s sad, dramatic negative impact,” Carlo Giurdanella, owner of Bella Tile told CBS. 

'Installation frustration' is just the beginning of the gripes that city-dwellers have with the bike share program. It's been noted that the Citi Bike rules include a statement about overweight riders, effectively banning persons over 260 pounds from using the bicycles. Appalled by the statement, many are calling the program discriminatory and the rules unfounded.Continue reading...

Market research shows that e-tailing in India is growing faster than any other Asia Pacific market, which sets the stage for Citi's new campaign in the market: promoting web-based transactions and online shopping to consumers.

Citibank India will host its first ever 24-hour deep discount online promotion — billed as the OMG! Sale, short for Online Mega Sale — on Wednesday (Dec. 5), offering cardholders deals across categories from 17 e-tailers including indiatimes.com, ebay.in, snapdeal.com, indiaplaza.com, zoomin.com, yebhi.com, zovi.com, excluzen.com, highstreetlabels.com, goibibo.com, babyoye.com, firstcry.com, hoopos.com, indiangiftsportal.com, goodlife.com, pepperfry.com and myntra.com. 

The single-day online sale event offers discounts averaging around 30% and extending up to 60% on certain products and services.Continue reading...

A snapshot of how Hurricane Sandy is impacting the U.S. today, as states shut down transit systems and schools, and many businesses are closed or letting employees work from home as the northeast is in lockdown mode: 

• An estimated 7,500 flights have been cancelled
• Chase and Citibank are waiving fees for customers in Sandy's path
• Google cancelled NYC Nexus launch event
• YouTube is live-streaming the Weather Channel's coverage
• Insurance industry braces for (potentially) billions of dollars in losses
• NFL and other sports impacted
• NYSE and NASDAQ cease trading as European stocks hit by knock-on
• New York Broadway shows and other performances go dark
• Oil prices are falling as gasoline climbs
• Starbucks has closed locations
• HMS Bounty movie ship sinks, as crew rescued by Coast Guard (update: two still missing)

Samsung mocks iPhone 5 buyers in latest commercial.

Chick-fil-A backs down and vows to stop donating to anti-LGBT groups.

Visa shifts global creative duties back to BBDO.

AOL names female CFO.

AT&T faces backlash over Apple FaceTime restrictions, while CEO explains anti-texting and driving push.

Bed Bath & Beyond beats the odds.

Citibank credit card is coming to China.Continue reading...

Citi released a video today promoting that in May, Citibank became the first bank in the world to achieve LEED (Leadership in Energy and Environmental Design) certification for 200 projects from the U.S. Green Building Council. The brand rose two places on Interbrand's just-released Best Global Green Brands ranking with the comment:

Citi Group improves on this year’s ranking by 2 spots, now sitting at #44. While the banking institution continues to navigate turbulent waters due to global economic conditions, Citi managed to increase the public’s perception of its environmental efforts, thus closing its perception/performance gap significantly since last year’s assessment. More recently, Citi joined forces with Google to finance a large wind energy center in California and embarked on a joint venture with SunPower to finance residential solar lease projects. The financial institution still remains in the latter portion of the ranking, partially due to its large-scale investments in coal industries, which contribute heavily to climate change effects.

Barclays got out of the branch-banking business in the United States in the early 1990s, but now the British bank is making a digital run at the U.S. by wooing Americans to its new online banking service.

The Wall Street Journal reports that Barclays, which will have its name on the side of the new Brooklyn Nets arena when it opens later this year to basketball (and Barbra Streisand) fans, is looking to “diversify funding for its growing credit-card operations” in the U.S. The British bank, as Marketwatch notes, today went live in the U.S. with a high-yield savings account and certificates of deposit through its Barclays Bank Delaware subsidiary.Continue reading...

In the lead-up to its 200th anniversary on June 12th, Citi's bicentennial campaign celebrates such milestones as helping fund the Panama Canal in 1904.Continue reading...