• Best Buy Tries Dousing Fire With Gasoline
    Best Buy CEO Brian Dunn confirmed reports that the electronics retailer would continue to shrink the footprint of its bricks-and-mortar stores. But a recent memo sent to employees says not to worry about those shuttered outlets because Best Buy is opening up new stores in China.
  • Twitter Launches More Brand Pages
    Twitter will start rolling out more brand pages next week for some brands and partners who have already committed to spending at least $25,000 on its ad products, including promoted tweets and trends.
  • Floods Hurt Honda's Bottom Line
    Honda Motor Co. Ltd. reported a drop in revenue, operating and net income for the third fiscal quarter - largely due to flooding in Thailand and the rising value of the yen, which sharply raised the company's overall manufacturing costs. Honda had hoped to begin boosting production and rebuilding inventory after the setbacks that followed Japan's devastating March 31 earthquake and tsunami.
  • Hirai Replaces Stringer At Sony
    Kazuo Hirai will be the new CEO and president of Sony, validating rumors that have been swirling for a few weeks now. Outgoing CEO Howard Stringer, meanwhile, has been appointed chairman of Sony's board of directors.
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