Google Music Service, Apple Top Brand, Subway Web Ads
Google Inc. is preparing as early as Tuesday to unveil a new online music service similar to a service recently launched by Amazon.com Inc., according to people familiar with the matter, reports the
Wall Street Journal.
The move escalates the battle to create the next generation of internet businesses for storing and listening to music.
Marketing & Advertising
- Registering an 84% increase in value over the past year, Apple has emerged as the most valuable brand in the world, ending the four-year reign of Google at the top of the table in the sixth annual BrandZ Top 100 Most Valuable Global Brands study.
E-commerce & Multichannel Retailing
- A pretty big surge in reach, the percentage of US internet users that visit a site, was achieved when Subway placed two promotional homepage placements on AOL and Yahoo last month, confirming that the campaign was a success in driving awareness for its new breakfast product offerings.
- Hoping to boost concert attendance in a hobbled economy, Ticketmaster parent Live Nation Entertainment Inc., is joining with the popular online deals site Groupon to launch a discount ticket site for live events.
- Path, which limits friend groups to 50, is among a new crop of web services that allow people to connect with a handful of friends in a private group.
- Triple Five on Monday gave more information on its plans to transform the controversial and long-delayed Xanadu project in New Jersey’s Meadowlands Sports Complex, in East Rutherford, into what it promises will be “the world's largest and premier tourism, entertainment and retail destination, eventually reaching 7.5 million sq. ft.”
- The historic Faneuil Hall Marketplace is expected to change hands after a group of New York investors struck a deal with General Growth Properties to buy the lease of the trophy Boston property.
- CVS has targeted $1 billion in inventory reductions for 2011, and its efforts are gaining traction, but "not at the expense of customer service," according to CEO Larry Merlo.
Mergers & Acquisitions
- Dollar Thrifty's Board of Directors says it will review and consider Hertz's offer to acquire all of the outstanding shares of common stock of Dollar Thrifty for a price of $72per Dollar Thrifty share and related statements in accordance with its fiduciary duties to shareholders.
- The waiting period under the U.S. Hart-Scott-Rodino Antitrust Improvements Act of 1976 for the proposed Walgreens acquisition of drugstore.com has expired, and the companies expect it to close in June 2011.
Stats & Research
- The Conference Board Employment Trends Index (ETI) declined 0.6% in April 2011 to 100.5, down from March’s revised figure of 101.1.