Business Pundit

Anybody ever notice that when you turn Cap One into one word, you get “Capone,” like the famous ’20′s gangster? A new Fed regulation–Regulation Z, Section 226.5(b)(2), to be precise–requires banks to send customers statements for charged-off… Read more

The heavily indebted music company EMI just moved in with Citigroup, its latest foster parent. Citigroup now owns EMI as part of an extended restructuring program. From DealBook: The bank’s takeover of the record company had been widely… Read more

Ally Financial, the bank holding company formerly known as GMAC, has fixed about 90% of its 25,000 robo-signed foreclosure affidavits. GMAC, which at time of writing is 74% owned by the Treasury Dept (after its $17 billion TARP investment), just… Read more

Another year, another massive Toyota recall. This time, Toyota is recalling 1.7 million cars. 1.3 million of those are in Japan and mostly pertain to the NOAH/Moxy minivans made between 2001-2007. But a smaller chunk of the recall affects Lexus… Read more

Image: Dario D., who did a fantastic fast-food ad vs. reality photo project on Alphaila. If you’ve seen the ingredients list for Taco Bell’s taco meat filling lately–most people don’t–you won’t see much actual meat. That’s why Alabama… Read more

Corning, perhaps today’s ultimate glassmaker, is cashing in handsomely from the glass it sells for LCD displays, smartphones, tablets and more. The company just announced its profits are up 41%. From the Wall St Journal: The maker of glass… Read more

When an Apple VP called a woman in England to inform her that she’d won a $10,000 iTunes credit, she did what a lot of people might have done. She hung up on him, assuming he was a crank caller. Cult of Mac has more: Davis says it was… Read more

Bloom Energy, which produces the solid-oxide fuel cell known as the Bloom Box, just made off-grid electricity more accessible. The Bloom Box, previously only available to people and companies willing to fork out $800,000 for it, is now also part… Read more

Anyone know who created this image so I can credit them? Originally received it via… Read more

Image: Calamity Jane/Flickr Move over, Notre Dame. ESPN just inked a 20-year, $300 million deal for a new 24-hour Longhorn network. ESPN has more about the network, which will feature 3 hours of non-sports broadcasting per day: ESPN will… Read more

A year and change after announcing its intent to buy a 51% stake of NBC Universal, Comcast has been granted the $30 billion joint venture, courtesy of the FCC and the Department of Justice. From the Wall St Journal: The FCC imposed a variety… Read more

As if a venti weren’t enough, Starbucks will roll out its trenta cup today, 31 ounces (that’s about a quart, folks) of latte, frapppuccino, or whatever else customers want to Big Gulp down. From the Chicago Sun Times: Starbucks will begin a… Read more

Steve Jobs announced today that he will be taking a leave of absence from Apple to deal with health issues. COO Tim Cook will be running the Apple ship until Jobs returns, but Jobs stated he will still be involved in “major strategic decisions.”… Read more

Image: D. Sharon Pruitt/Flickr Social entrepreneurs are becoming a permanent fixture in the American business landscape. Doing business to do good is especially popular among the Gen-Y generation, but former nonprofit executives are migrating… Read more