Walmart gives Amazon Kindle the boot
Thursday, September 20, 2012 - 18:04 David McNew/Getty Images Amazon CEO Jeff Bezos unveils new Kindle reading devices at a press conference on September 6, 2012 in Santa Monica, Calif. You won't find any more Amazon Kindles on the shelves at Walmart . The retail giant is dropping the popular tablets, just a few months after Target stores did the same. A statement from Walmart hints that a pricing dispute may have led to the decision. It says customers trust the retailer to provide "everyday low prices, and we approach every merchandising decision through this lens." On the other hand, some analysts say it's actually a wonder that these big chains ever agreed to sell the Amazon gadgets to start with. While stores do make a profit when they sell the Kindle for Amazon , Forrester Research analyst Sucharita Mulpuru figures there's a bigger downside. She notes that once the user takes the tablet home, it's Amazon that gets virtually all their business, from app downloads to merchandise orders ...
Racy Texas Bikinis Bar Trademarks 'Breastaurant'
Doug Guller, CEO of ATX Brands LLC, which owns Bikinis Sports Bar and Grill, announced today he has trademarked the term "breastaurant" through the United States Patent and Trademark Office, meaning his company is the only one who can describe itself with the term.
Office Depot, OfficeMax Outline CEO Search Process
OfficeMax and Office Depot named the committee members who will oversee the process of finding a new chief executive to lead the combined company.
Chesapeake sets up office of chairman, CEO hunt may be extended
Chesapeake Energy Corp said it had set up a three-person office of the chairman to take on certain day-to-day management responsibilities as the search for a new chief executive to replace Aubrey McClendon likely extends beyond an April 1 deadline.
Found 1 month ago on channel Reuters
FCC Chairman Julius Genachowski Stepping Down After Contentious Term: Reports
Federal Communications Commission Chairman Julius Genachowski will announce on Friday that he is stepping down, according to multiple reports. Genachowski, who became chairman in 2009, has presided over an agency that has grappled with contentious issues like U.S. broadband policy, cable and telecom industry competition, and media consolidation. In seeking to strike a centrist balance, Genachowski managed to displease both public interest groups that have pushed for a more activist FCC on issues like media ownership and Internet openness, as well as industry giants, particularly AT&T, which had proposed buying T-Mobile before the FCC objected. Genachowski’s announcement, which was expected, comes just days after another FCC commissioner, Robert McDowell, announced his plan to leave the agency. Their departures create two vacancies on the commission, which will be filled by candidates nominated by President Obama. The job of FCC chairman is particularly important, because the position ...