Detroit Bureau
An auto analyst says General Motors should establish a fund to handle settlement payouts related to its ignition switch recall. Barclays Analyst Brian Johnson said in a research note Wednesday that the automaker may establish a settlement fund with as much as $1.5 billion in it to deal with the lawsuits filed against it related to the recall of 1.6 million cars with faulty ignition switches.
The Street
At a San Francisco event on Wednesday, New York-based AOL made official that it is creating a platform that aims to give brand advertisers, agencies as well as TV and online publishers a place to buy and sell video space in real time. The programmatic buying system uses computers to make placement in real time.
Infolink
Fujitsu General is launching a campaign to drive customers to their growing retailer and dealer networks throughout the off-peak season. Featuring brand ambassador Mark Taylor, the TV and print campaign, themed 'Fujitsu air conditioners' hidden talent: they heat as well as cool,' will educate Australians about the often-overlooked benefit of choosing reverse cycle AC.
Nation's Restaurant News
"A Sub Above" is the tagline for the first campaign from Jersey Mike's sandwich chain. Two commercials showcase the chain's mission to make a better sandwich make a difference in its local communities. The animated TV spots were developed with Wisconsin-based advertising agency Planet Propaganda.
Crain's New York Business
Fairway Market became a public company last April, but its disappointing quarterly earnings last month, with stocks down 30%, are riling up stockholders. Fairway and its top executives are fielding shareholder lawsuits seeking class-action status. The complaints allege that the New York grocer misled investors about its revenue. Fairway lost $31.3 million, or 74 cents per share, in the fiscal 2014 third quarter.
B&T
American Apparel ads typically use a "girl next door" eroticism to tout the brand. But a new print ad refers indirectly to the fact that its products are made in the U.S., not sweatshops, by featuring a topless Bangladeshi-American woman and the text "Made in Bangladesh." Responses have been mixed. "It's a shame to see such an ethically sound company objectifying women like this," said a Twitter user.
Detroit News
General Motors CEO Mary Barra will likely sit before a U.S. Senate panel along with the head of the National Highway Traffic Safety Administration on April 2. They will face questions about the ignition switch defect linked to 12 deaths and 31 crashes. NHTSA has set an April 3 deadline for GM to turn over documents, while a House committee wanted GM documents by Tuesday.
Chain Store Age
Papa John's is launching a television commercial starring sportscaster Jim Nantz, and Papa John's founder, chairman and CEO, John Schnatter, touting the company's online ordering platform. The commercial also reminds consumers that Papa John's was the first national pizza company with online ordering at all of its U.S. delivery restaurants in 2001.
NYSportsJournalism.com
Coordinators of true Special Olympics USA Games, to be held this June, said that TD Bank and TD Ameritrade Holding Corp., longtime supporters of Special Olympics, would be the presenting partners of entertainment at the 2014 USA Games. TD Bank and TD Ameritrade will sponsor entertainment throughout the Games with special performances at both Special Olympics Town and Corporate Park.
Mac Rumors
Apple's App Store has sent out an email to iTunes users giving them a chance to apply for a refund for any unauthorized purchases "made by a minor." The email comes as a response to U.S. Federal Trade Commission decision after over in-app purchases in the App Store. The email includes a link to the application to apply for the refund. Customers must apply by April 15th.