Chinese local government debt audit ordered
The Chinese government has ordered an urgent audit of all debts in its local governments. There is concern that the country’s economic slowdown may...
BMW launches its first completely electric car the i3
BMW has just launched its all new BMW i3, a small electric car specifically designed to solve urban congestion problems in cities such as...
Why legendary brands such as the Titanic will always have consumer appeal
Legendary brands such as the Titanic depend on two factors: clarity and imprecision.
This becomes evident when evaluating the impact that the calamity of the...
Consumer choice really does help sales
Consumers with just one choice are more likely to seek out alternatives, researchers from Tulane University reported in the Journal of Consumer Research.
Author Daniel...
Expedia performs poorly in second quarter sales
Expedia Inc - the largest online travel company in the world - has failed to reach its second quarter sales and profit estimates.
The company...
Facebook is changing how we talk about brands
Facebook and other communication channels are changing how people talk about products and brands.
Word-of-mouth tends to be spontaneous while the written word is more...
Omnicom & Publicis agree merger
Omnicom Group Inc. and Publicis Groupe SA have merged to create the largest advertising company worldwide - Publicis Omnicom Group - worth $35.1 billion...
EU and China reach solar panel deal
China and the European union have reached an agreement on solar panels after weeks of speculation that retaliatory action on both sides could exacerbate...
Apple makes way to Samsung as richest cell phone maker
Samsung has overtaken Apple as the most profitable cell phone maker in the world. While Samsung’s share of the global handset market rose to...
US economy improving at “tepid” rate, says IMF
The United States economy is improving, says the IMF, describing the country’s recovery as “tepid”. It noted gains in house prices and stock markets,...