Reuters
Four big cigarette makers sued the Food and Drug Administration, seeking to void as unconstitutional new graphic labels and advertising that warn consumers about the risks of smoking and induce them to quit. The lawsuit by Reynolds American Inc's R.J. Reynolds unit, Lorillard Inc, Liggett Group LLC and Commonwealth Brands Inc, owned by Britain's Imperial Tobacco Group Plc, said the warnings required no later than September 22, 2012, would force cigarette makers to "engage in anti-smoking advocacy" on the government's behalf.
San Francisco Chronicle
Best Buy is sitting on more than 200,000 unsold TouchPads, and is threatening to send them back to HP. The situation is so bad that a top HP exec is slated to fly to Minnesota to try and make nice with the retail giant.
Wall Street Journal
A German court partly lifted a preliminary injunction barring Samsung Electronics Co. from selling its Galaxy Tab 10.1 tablet computer in most of the European Union. Since it is in dispute whether a German court has authority to prevent a company based in South Korea from selling goods beyond Germany, the court decided to lift the order for countries outside Germany for the time being, a spokesman for the regional court in Düsseldorf, Germany, said Tuesday.
Los Angeles Times
Chrysler, which is gradually merging with Fiat of Italy, plans to introduce the Gucci edition of the tiny Fiat 500 sub-compact car in time for New York's Fashion Week starting Sept. 8. The cars will feature chrome, black and white and a splash of accent colors.
Wall Street Journal
SABMiller PLC's $9.97 billion bid for Australian brewer Foster's Group Ltd. turned hostile Wednesday when the global brewing giant made a conditional, off-market cash offer to shareholders at the same price that Foster's board rejected in June.
Chicago Tribune
Trial got underway Monday in the case of Kraft vs. Sara Lee, which stems from a 2009 lawsuit by the latter over ads by the former that claimed its hot dogs had won a national taste test and were "100% pure beef." Kraft countersued, claiming the same against Sara Lee. Lawyers for both sides argued over such frank-marketing minutiae as the difference between meat and beef and whether a taste test could even be considered valid without such vital condiments as mustard.
Seattle Times
Starbucks CEO Howard Schultz has had it with political dickering in Washington, D.C., and is calling for a boycott on campaign contributions to President Obama and congressional lawmakers until they put the country's financial house in order. He also wants companies to override their fear and start spending the cash they're sitting on. Starbucks had $1.7 billion in July, up from $1.2 billion when its fiscal year ended nine months earlier. "Right now our economy is frozen in a cycle of fear and uncertainty. Companies are afraid to hire. Consumers are afraid to spend. Banks are afraid to lend," …
AllFacebook.com
Pharmaceutical companies will no longer be able to block public comments on a Facebook wall. Because of strict regulations around that industry, where litigation lurks in every shadow, Facebook had let drug companies nix comments and in some cases, disallow likes, bypassing the issue of having to respond to every complaint or censor unwanted posts. That has now changed. Facebook says the change was made to help encourage an authentic dialogue on pages. DailyTech says Pfizer has a Facebook page for patients suffering from hemophilia and MS, while Amgen and Sanofi plan to maintain their Facebook pages despite …
Crain's Detroit Business
General Motors Co.'s global marketing chief, Joel Ewanick, says he wants more consistency from Goodby, Silverstein & Partners, the San Francisco agency he tapped last year to oversee creative for Chevrolet. "The problem is, [the Chevy Runs Deep campaign] hasn't been consistent," Ewanick said last week in an interview with Automotive News, a sister publication of Crain's Detroit Business. "We need to find our stride where it's always at that level." Asked to grade Goodby nearly one year into the campaign, Ewanick said: "I think they're a great agency. I'm really happy with them in general." …
MarketWatch
Old Navy will enter the multibillion-dollar sports apparel and merchandising business with a Super Fan Nation stores-within-stores program at about 1,000 locations across the U.S. The stores will sell branded goods of more than 70 Division I schools, as well as National Football League teams. The Gap division is supporting the effort with a seven-figure campaign that will include advertising at college stadiums and arenas, in-store appearances by college bands, cheerleaders and mascots, and a 10-day national television advertising campaign.