Top banks, hit hard by rate-rigging scandals and unsupervised play by junior-level traders, are burnishing their images by reestablishing that integrity is indeed a virtue and, if you don't agree, Junior Staff Member, please seek employment elsewhere.
Daniel J. Edelman, who founded his eponymous agency in Chicago in 1952 and "pioneered public relations as a corporate marketing tool," as the "Wall Street Journal"'s Stephen Miller observes, died yesterday at 92 of congestive heart failure. He had remained active until recently in the firm, which has remained independent under the leadership of his son, Richard, with 66 offices and more than 4,500 employees worldwide.
Coca-Cola unveiled a two-minute commercial yesterday that puts itself squarely in the national discussion about obesity -- as well as in the crosshairs of long-time critics. It's the opening salvo in what Coke promises will be an ongoing campaign.
It turns out that the car that's going back to the future isn't a DeLorean after all. It's a seventh-generation Chevrolet Corvette dubbed the Stingray in homage to the classic sports car that first vrooomed onto the tarmac 60 years ago but hasn't carried that nameplate since the mid-'70s.
The headlines tells us just how precarious the situation was -- and, in reality, still is -- for Nokia before CEO Stephen Elop got on the honker with a bunch of analysts yesterday and told them their projections for the fourth quarter would turn out to be all wrong when results are formally announced in a couple of weeks.
A string of glitches to various systems in Boeing's new 787 Dreamliner seems to be adding up to a nettling public relations problem for the manufacturer. But its executives -- hampered by what they can say publicly because of ongoing investigations -- are assuring both the public and its customers that there's nothing to worry about and, so far, appear to be mounting a successful campaign.
Fred Turner had a flash of insight during an elevator conversation with a test-kitchen chef at McDonald's in the 1980s. The result was the Chicken McNugget, which has gone on to rival beef in popularity at the fast-food chain, Stephen Miller and Julie Jargon inform us in the "Wall Street Journal." Turner, 80, died Monday of complications from pneumonia.
Edward S. Lampert, the chairman of Sears Holdings and founder and head of its majority shareholder, ESL Investments, took on the additional role of CEO of the retailer yesterday.
Vittorio Missoni, 58, an owner of the family-run Missoni fashion business who is generally credited with expanding the Italian company into a global brand, was aboard a small plane that has been missing off the coast of Venezuela since Friday morning. He was traveling with his wife, Maurizia Castiglioni, two friends and two crew members from the resort area of Los Roques to the Simon Bolivar International Airport in Caracas, normally about a 40-minute journey.
An AP photo that moved "over the wire," as we used to say, on New Year's Eve showed workers removing the Borders signage from the site in downtown Ann Arbor, Mich., where the defunct bookseller began in 1971. The building's owners are donating the letters to the Book Industry Charitable Foundation for use in raising funds, the caption tells us.