Posted by Dale Buss on December 19, 2012 09:01 AM
GM is buying back $200M shares from the U.S. government.
UBS fined $1.5 billion in growing Libor scandal.
Instagram backpedals following outcry on terms of service change enabling user images for ad purposes.
CW pulls plug on major placement platform with end of Gossip Girl.
DirecTV expands cross-platform reach.
Facebook's Mark Zuckerberg donates $500M to charity.
Grammys launches new social trivia game.Continue reading...
let's make a deal
Posted by Michael Waltzer on May 3, 2012 05:02 PM
A few of America’s biggest shoe brands owned by the same company will be going their separate ways soon. A purchase price of $2 billion works wonders to make those kinds of things happen. Collective Brands Inc., which owns such footwear brands as Sperry Top-Sider and Keds as well as discount shoe retailer Payless ShoeSource, has agreed to be sold for $2 billion and divided into two companies.
As the Chicago Tribune reports, Collective will be a collective no more, with its brands divided between Wolverine Worldwide, Blum Capital and Golden Gate Capital, which all have a tough financial road ahead for these brands.Continue reading...