Business

Starbucks Hopes New Blend Will Perk Up Sales

Starbucks has a new blend it calls Pike Place Roast it hopes can jump start the company amid slowing growth. It will be available everyday "alongside the traditional 'Morning Pick' for customers desiring a flavor adventure," the company says.

Absolut Ad Depicts Southwestern of US As Part of Mexico; Apologizes

An ad campaign depicting the southwestern parts of the United States as part of Mexico backfires on vodka maker Absolut as angry US consumers calls for a boycott.

Huge Drop In Print Ad Revenue

Ad Revenue for print fell a whopping 9.4% in 2007, according figures released by the Newspaper Association of America.

AT&T CEO: Not Enough Skilled Workers In U.S.

After setting a goal to bring 5000 customer service jobs back to the States in 2006, AT&T has only managed to fill 1,400 of those positions. The reason given by AT&T's CEO Randall Stephenson for the shortfall is that there just aren't enough qualified people in the U.S.

Record Year for Movie Industry

Despite all the doom and gloom about piracy and alternative entertainment cutting into the revenue of the movie industry, the MPAA gleefully announced that they had a record year at both the US and global box office in 2007.

The US market reached the $9.6 billion mark, a 5.4% increase over 2006, while overseas box office reached the $26.6 billion mark, a 4.9% increase.

Facebook Turns To Google For New COO

Kara Swisher broke the news this Tuesday morning that Sheryl Sandberg, Google's VP of Global Online Sales and Operations, has joined Facebook as their new COO, a position left vacant with the recent departure of Owen Van Natta. According to Swisher, Sandberg was responsible for online sales of Google's ad and publishing products.

How To Make Successful Webisodes Like Michael Eisner

After being kicked out as CEO of Disney, Michael Eisner has been spending his time building a digital media empire with his privately held investment company called The Tornante Company. Thus far, Tornante notable investments include Veoh, a video-sharing site; Team Baby Entertainment, a sport-themed DVD publisher aimed at the toddler set; The Topps Company, known for its trading cards and "Bazooka" bubblegum; and Vuguru, a production studio for digital platforms.

Murdoch Begins WSJ Makeover By Firing Longtime WSJ Lawyer

Remember the assurances made by Rupert Murdoch about editorial independence and trying not to change the Wall Street Journal all that much? Well, changes are a coming to the paper. Today, Stuart Karle, the general counsel for the WSJ since 1992, was fired and was given till the end of March to pack up.

Victoria's Secret Brand Image Too Sexy, CEO Admitted

In a conference call with analysts, Sharen J. Turney, the CEO of intimate apparel maker Victoria's Secret, said the brand has gotten "too sexy."

"We've so much gotten off our heritage ... and we use the word sexy a lot and really have forgotten the ultra feminine," she said.

Rupert Murdoch Already Affecting Editorial Decisions At Recently Acquired Publication

Rupert Murdoch Hugo Restall, the Editor of the Far Eastern Economic Review (FEER), a monthly publication with a circulation of less than 200k, had commissioned a review of a book critical of Rupert Murdoch but later chose not to publish it. He admitted to getting "cold feet."

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