Amazon's Prime Day sale was, according to widespread reports, trashed on social media for everything from product selection to website woes to the extent of the savings being proffered. But, as Amazon has proven over its 20-year history, its long-game strategy is to win by coming close to losing.
Smack in the slack of summer doldrums - retail sales unexpectedly declined 0.3% in June and May's advance was downgraded to 1.0% from 1.2% - retailers are unveiling their inner "have I got a deal for you" personas today.
In what would amount to the most money shelled out by a Chinese company to acquire a foreign firm, Tsinghua Unigroup has reportedly prepared a $23 billion bid for Micron Technology, although the Boise, Idaho-based chipmaker says it has not received an offer yet. The Wall Street Journal broke the story late yesterday.
Satoru Iwata, the first president of Nintendo who was not a member the Yamauchi family since it was founded as a playing card company in Kyoto, Japan, in 1889, died of a bile duct tumor on Saturday. Only 55, he had undergone surgery for the condition last year but was active until very recently, presiding over the annual shareholder's meeting in late June.
Bowing to industry pressure - or perhaps just a federal bureaucracy being a federal bureaucracy - the Food and Drug Administration yesterday extended the deadline for "certain restaurants and retail food establishments" to display calorie information until Dec. 1, 2016, which is a year later than planned when the regulations were announced last November.
Like a bad connection that keeps getting worse the longer you stay with it, Microsoft yesterday announced that it would be laying off up to 7,800 more people and would be taking a $7.6 billion "impairment charge," mostly stemming from its ill-advised acquisition of Nokia's device and service business under former CEO Steve Ballmer in 2013.
Crises communications experts' reactions to the suspension of longtime Subway spokesman Jared Fogle following an FBI raid of his home yesterday ranged from "what took so long?" to "don't be surprised to see him bounce back."
Those of you who are adept at free-diving in Tonga and dancing with whales presumably had no problem figuring out how to operate your two-button GoPro Hero4 Silver or Black. Now GoPro is releasing Hero4 Session on July 12 - a smaller, one-button camera for the rest of the market.
Burt Shavitz - the unabashedly crotchety, free-spirited co-founder of Burt's Bees whose unruly beard perfectly positioned the "simple, wholesome" products now sold globally by Clorox - died yesterday in Bangor, Maine, of respiratory complications. He was 80.
The U.S. Chamber of Commerce is having itself a week in the headlines as it battles the Obama administration's proposal to expand overtime pay while its hard lobbying on behalf of tobacco companies in overseas markets has come under scrutiny in the "New York Times" and elsewhere.