A Metro Map of Google Acquisitions

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Pet Food Proves Recession-Proof, Thanks to Anthropomorphism

Image: Dangerous Intersection We may be resorting to beans and rice for dinner, but Fido isn’t suffering. This Denver Post article points out that the pet food industry is solid as ever: …spending on pets remains robust, with total sales… Read more

AT&T’s MicroCell Boosts Signals–and Makes the Company Money

Image: Apple Insider Last night, AT&T unveiled a new website for its MicroCell signal booster, a “miniature cellular tower” that uses your broadband connection to increase your wireless signal strength, notably 3G. CrunchGear has the details:… Read more

Fedex Plans to Raise Rates Next Year To Counteract Falling Profits

FedEx will increase shipping rates 5.9% next year to offset falling profits. The BBC reports: Its net profit for the three months to the end of August was $181m, which was down 53% from the same period last year. The company said that the… Read more

Disney Buys Marvel Entertainment for $4 billion

Hannah Montana meets Iron Man? You bet. The Walt Disney Co. today announced it is purchasing Marvel Entertainment–and its 5,000 characters–for $4bn in stock and cash. The AP has more: Analyst David Joyce of Miller Tabak & Co. said the… Read more

Warner Chilcott Buys P&G Prescription Drug Business

Warner Chilcott (NASDAQ: WCRX), a North Ireland-based specialty drugmaker, today acquired Proctor & Gamble’s prescription drug business for $3.1 bn. The Wall Street Journal reports: Six banks, led by J.P. Morgan Chase & Co. and Bank of… Read more

US Banks to Collect $38.5 Billion In Overdraft Fees This Year

From the Financial Times: US banks stand to collect a record $38.5bn in fees for customer overdrafts this year, with the bulk of the revenue coming from the most financially stretched consumers amid the deepest recession since the 1930s,… Read more

700 Locations on Post Office Closure List

As part of a consolidation effort, the US Post Office is considering closing or scaling down up to 700 locations. The full post office closure list is here. The San Francisco Chronicle has more: Postal officials released Monday a list of… Read more

BMW Net Profits Down 76% This Year; Ford, Subaru Increase Sales

BMW today reported that its net profits are down 76% from a year ago. The BBC has more: Carmaker BMW has said it sees few signs of a lasting economic recovery after it reported profits down by three-quarters for the April to June period. Net… Read more

One Way of Looking at Socialized Healthcare

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Are We All Becoming Virtual Assistants?

Image by © Royalty-Free/Corbis Virtual assistants–administrative assistants who perform tasks remotely–are emerging as a promising new career class. The Washington Post has more: The term (virtual assistants), around since the Internet… Read more

Security Experts Pressure Apple Over iPhone SMS Hack

Security expert Charlie Miller is sharing the details iPhone hack today at the annual Black Hat security conference. The iPhone virus takes control of the device through SMS messages. All an attacker needs is a person’s phone number. Once… Read more

Microhoo Can Only Beat Google Through Better Software

Image source Microsoft and Yahoo just signed an ambitious 10-year search advertising deal. While Yahoo welcomes the deal as an aid for survival, Microsoft has its eyes on dominating the global search market. The Guardian describes the deal’s… Read more

Twitter For Tourism

On Friday I asked what is the point of Twitter? And today, the tourism industry offered up an answer. A new report released by by destination marketing firm, Development Counsellors International (DCI) states that . Baltimore , Fort… Read more

AIU Holdings Becomes Chartis, Paving Way for a Spin Off

AIG took a big step today towards spinning off AIU Holdings, its property-casualty arm. AIG formed a special-purpose vehicle intended to hold AIU Holdings’ equity, rebranded the company as Chartis Insurance, and hired Kristian P. Moor as… Read more

 

Business Notes

Former mistress Joslyn James has released more than 100 Tiger Woods text messages in a sexting transcript. Read at your own peril.

Sony has unveiled its new PlayStation Move, a motion control system that promises to change the way you interact with video games.

EMO Music CEO Elio Leoni-Sceti has unexpectedly departed the company after about 2 years on the job.

Two flavors of Pringles chips have been recalled for salmonella contamination risk.

Northrop and EADS have withdrawn their bids for a $50 million US defense contract.

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