In the News: Facebook, Blockbuster, Chanel


In the News

Facebook is growing fastest in Asia, reportedly developing smartphones for AT&T, while CEO Mark Zuckerberg is donating $100 million to improve schools in Newark, NJ, which he will announce on Oprah Winfrey’s show tomorrow.

Blockbuster filed for bankruptcy this morning, says its 3,000 US stores will remain open.

Chanel cracks down on how its name is used.

Wal-Mart tries to unmask corporate foes that have slowed its growth in groceries.

Abbott recalls some Similac formula over potentially tainted packaging. 

Adidas targets growth in Russia.

Apple‘s iPhone 4 finally goes on sale in China on Saturday.[more]

Dell unveils a second tablet.

Ermenegildo Zegna celebrates its centennial at a party featuring Alec Baldwin.

General Mills relies on innovation for strong performance this year.

GM taps Spike Lee-affiliated ad agency as new African-American agency of record.

Gucci finds inspiration in Morocco at Milan Fashion Week.

Jeep releases iPhone app geared at outdoor adventurers.

Madonna feted her collection with Macy’s last night, as the movie that made her a style icon turns 25.

McAfee launches secure URL shortener.

McDonald’s raises quarterly dividend.

Nestle plans a research center to focus on Indian foods.

Netflix announces it’s expanding to Canada, draws criticism for hiring actors for press launch.

Newsweek plans layoffs under new ownership.

Nokia invites developers in North America to compete in a contest offering $10 million.

Novartis gets FDA approval for first oral MS drug, Gilenya.

Potash sues BHP as takeover struggle escalates.

Red Lobster owner outlines plans for brands.

Ryanair plans shift to major airports as growth slows.

Sears is now exclusive US distributor for British midrange fashion brand Next.

Volkswagen to play at Madison Square Garden in new sponsorship.

British PM David Cameron is a fan of Angry Birds mobile game, while deputy PM Nick Clegg revealed his Wii skills.