Academy Awards aims to capture TV/Twitter audience.

Adidas invites fans to name matchball at London 2012 Olympics.

Aldi takes a bite out of the Big Apple. 

Apple may bring out new Macbook Pro line this week.

BBC scraps BBC America newscast, looks to expand US distribution for BBC World  News channel.

BMW to unveil new model.Continue reading...

Apple won't exhibit at CES in Las Vegas this week, where competitors (including Vizio) will unveil tablets that will take aim at the iPad; and increases Q1 orders for the iPhone in advance of Verizon launch.

Arnold Schwarzenegger leaves office after seven years as governor of California.

Australia braces for damages claims as flooding projected "to last weeks."

Bank of America sees home loan charge, buys back bad loans and mounts defense against WikiLeaks.

Best Buy aims to become a major content creator online.

Buzz Aldrin sues over use of his image on moonwalk trading card.Continue reading...

Microsoft CEO Steve Ballmer tells analysts the company's "job one urgency" is developing a tablet to compete with the iPad.

The battle of Colgate vs Aquafresh is unfolding in a New York courtroom over the right to use a "nurdle" (toothpaste squirt) on their toothpaste packaging.

Disney is selling Miramax Films for $660 miilion to an investor group that didn't include founders Bob and Harvey Weinstein.

Citigroup will pay $75 million to the SEC to settle charges that it failed to disclose subprime exposure to investors in 2007.Continue reading...

BP shares jump on news it's capping 10,000+ barrels/day, though its (now $1.25B) cleanup may continue into 4th quarter and claims mount. Despite last week's ad with CEO Tony Hayward flopping, the company will release new ads as soon as this week. The White House, meanwhile, released its own spill update on Saturday.

Apple is expected to unveil the new iPhone at its developers conference today.

AT&T implements tiered pricing today; app makers worry usage will drop.

Yahoo integrates, introduces Facebook features.Continue reading...