• Shake Shack Intros Chicken Sandwich
    Shake Shack has rolled out a new Chick'n Shack sandwich to most of its U.S. restaurants. The sandwich, which debuted in July at a Brooklyn, N.Y., location, is priced at $6.29 and features antibiotic-free, buttermilk-marinated chicken breast with lettuce, pickles and a buttermilk-herb mayo. "The introduction of chicken marks a new era for Shake Shack, staying true to our core menu while continuing to innovate new items our guests have asked for," said Randy Garutti, Shake Shack CEO, in a statement.
  • Brazil Struggles With Huge Cost Of Olympics
    Things were booming in Brazil seven years ago when when Rio de Janeiro was awarded the 2016 Summer Olympics. Now, the honor seems less like a crown and more like a yoke. As the country preps for the opening on Aug. 5, the economy is in free fall, and a huge corruption scandal is darkening the skies. Impeachment proceedings are underway against President Dilma Rousseff. To make things worse, there's panic over a mosquito-borne virus linked to brain damage in infants.
  • Gatorade, A-B Drive Endurance Sports Sponsorship Spend To Record $118 Million
    Endurance sports and events such as marathon running, mountain climbing, obstacle racing, cross-country bike competitions and triathlons are growing in popularity, and that trend is being reflected in marketing and sponsorship spend associated with the category. Driven by such brands as Gatorade, Nestl and Anheuser-Busch, marketing spend on marathons, 5Ks and other endurance sports events hit a record $118.8 million in 2015, up 4.6% from 2014, according to a new study from marketing, research and consulting firm IEG, Chicago.
  • Autonomous Car, Meet Captive Audience
    As cars approach autonomous driving capability in the next few years entertainment companies will have a new captive audience. But what about regulations. "We're not going to flip the switch. Very slowly over time, little bits and pieces of autonomous driving are going to be installed," said Mark C. Boyadjis, senior analyst at researcher IHS Automotive. "But that opens up opportunities for entertainment companies...to get more eyeballs in the vehicle."
  • Golden Globe Winner Amazon Offering Prime For $73 This Weekend
    Amazon, which won a Golden Globe for "Mozart in the Jungle" last weekend in the 73rd iteration of the awards show, is knocking its usual $99 Prime price tag down to $73 this weekend to celebrate. The show's lead actor, Gael Garcia, won "Best Actor in a Musical or Comedy Series." Amazon is also letting anyone watch the first and second season of the show for free this weekend online.
  • Chinese Firm Buying GE Home Appliances Unit
    Haier Group, the world's biggest home appliance maker, is buying General Electric Co.'s appliance business for $5.4 billion to expand its U.S. and global presence. The acquisition announced Friday comes as Haier tries to transform itself into a premium brand. GE is shifting emphasis from traditional businesses such as appliances, in which it has been a prominent presence for more than a century, to higher-technology areas such as medical equipment and clean energy.
  • Lego Changes Bulk Order Policy After Ai Weiwei Publicity
    Hugely successful Chinese artist Ai Weiwei couldn't, to put it coarsely, get arrested by Lego. Known for political art, he had last asked the company for a bulk order last fall, and they turned him down cold. Ai accused Lego of censorship. The company responded that its policy was to reject requests if it believed the bricks would be used to make a political statement. He tied Lego's financial interests in China with its decision to refuse his order. Lego now says it is reversing its policy on bulk purchases and will no longer ask customers what they want to …
  • GoPro Cuts Jobs After Falling Camera Sales
    Action camera maker GoPro is cutting the jobs of about 7% of its workforce (roughly 105 people) after poor sales during the fourth quarter. The company recently slashed the price of the notoriously pricey Hero4 Session. The company said it likely made $435 million in revenue during the fourth quarter, way under analyst projections of $510 million. A limited market for people who want to film their active lives and lower-priced competition is the cause.
  • Dealerships Accuse Fiat Chrysler Of Falsifying U.S. Sales
    Two Fiat Chrysler dealerships that are part of a suburban Chicago auto group which has filed a civil racketeering suit against FCA, alleging the company offered dealers large amounts of money to report unsold vehicles as sold. The federal suit, filed Tuesday in Chicago by two dealerships in the Napleton Automotive Group, alleges, among other claims, that FCA conspired with certain dealers to inflate the automaker's monthly U.S. sales reports. The company has posted 69 consecutive monthly year-over-year gains after recovering from its U.S.-steered bankruptcy.
  • Jordan Spieth Sees The Green With New Coca-Cola Multi-Year Deal
    Jordan Spieth, the No. 1 ranked golfer in the world and the highest-paid golfer in 2015, has signed a deal with Coca-Cola to appear in marketing and participate in other activations for the global soft drink brand. Spieth, just 22, took in $53 million last year, with $23 million in winnings and the rest from endorsements and other off-the-course interests. He also has deals with Under Armour, AT&T, Rolex, NetJets and Titleist.
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