Who’s Buyin’ the Lion? MGM Bidding Deadline Is Friday

MGM is expected to fetch buyout bids of $1.2 billion to $1.8 billion Friday as its deadline for offers closes. The once-illustrious movie studio, now a struggling media empire, is anticipated to receive bids from three companies: Time Warner, Lions Gate and Access Industries.

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Who’s Buyin’ the Lion? MGM Bidding Deadline Is Friday originally appeared on DailyFinance on Fri, 19 Mar 2010 10:55:00.

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Who’s Buyin’ the Lion? MGM Bidding Deadline Is Friday

What’s in a Name? The Business Behind Naming Products and Companies

Vudu. JooJoo. Boorah. It almost seems as if companies randomly pick names out of a hat. But you would be surprised at how much actual thought (and money) goes into the process of dubbing a tobacco maker ‘Altria’ or an instant coffee ‘Via.’

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What’s in a Name? The Business Behind Naming Products and Companies originally appeared on DailyFinance on Fri, 19 Mar 2010 06:00:00.

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What’s in a Name? The Business Behind Naming Products and Companies

Hollywood & Bollywood Team Up to Fight Piracy

With piracy costing the $3 billion Indian film industry close to a billion a year, the Motion Picture Association of America and Indian film studios have teamed up in a new program to combat the problem.

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Hollywood & Bollywood Team Up to Fight Piracy originally appeared on DailyFinance on Fri, 19 Mar 2010 05:27:00.

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Hollywood & Bollywood Team Up to Fight Piracy

CHP report seemingly sides with Sikes on case of the Runaway Prius

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In reality, the California Highway Patrol isn’t taking sides with anyone regarding the recent speeding Prius of Jim Sikes. But the CHP doesn’t see any reason to doubt Sikes’ version of events that led to his hybrid reaching speeds of around 90 miles per hour, apparently unable to bring the barreling vehicle to a stop. Also of note is the fact that a Border Patrol agent had also responded and was leading the Prius with its emergency lights on when the CHP officer arrived.

The officer that responded to the scene states that he “could see the driver sat up off his seat indicating that he was possibly applying the brake pedal with his body weight… His back was arched and both hands were pulling at the steering wheel.” A short time later, the officer positioned his patrol car in front of Sikes’ Prius when he “noticed that the Prius’ speed had dropped dramatically” before coming to a complete stop on the highway. According to Sikes, this happened after he applied both the standard and parking brakes.

Paramedics arrived on the scene and found that “Sikes’ blood pressure and pulse rate were very high.” Another interesting tidbit is the the officer encouraged Sikes to speak with the media, despite the fact that the driver indicated he preferred not to. Later at the station, the officer took a statement from Sikes, who described his Prius as ‘feeling funny’ under braking, saying that the “whole car was shaking and vibrating” when the brakes were applied.

Sikes also claims to have manually pulled up on the gas pedal three separate times with no effect, and he was afraid that shutting the car off would cause the steering to lock up. The officer reports seeing the car’s brake lights on and off intermittently, smelling the scent of worn brakes and seeing that the pads were worn completely down after the event.

CHP spokesman Brian Pennings has said that it is the CHP’s position that no evidence has emerged to doubt Sikes’ version of events. See the CHP officer’s complete report in our image gallery below. For a slightly different view, click here and here to see what Toyota and the National Highway Traffic Safety Administration found after inspecting Sikes’ Prius.

[Source: California Highway Patrol, USA Today]

CHP report seemingly sides with Sikes on case of the Runaway Prius originally appeared on Autoblog on Thu, 18 Mar 2010 19:23:00 EST. Please see our terms for use of feeds.

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Daily U-Turn: What you missed on 3.18.10

First Drive: 2010 Aston Martin Rapide is always ready for its close-up

The four-door sports car concept is coming into its own in the new decade, and the latest entrant from Aston Martin has the looks, but does it pack a Panamera-beating punch?

Spy Shots: 2011 Ford Fiesta EcoBoost

Ford’s working on a hotter version of its all-new Fiesta, and judging by the intercooler peering behind the Euro-market fascia, turbocharged goodness is on the way.

Daily U-Turn: What you missed on 3.18.10 originally appeared on Autoblog on Thu, 18 Mar 2010 19:20:00 EST. Please see our terms for use of feeds.

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Roger Ailes: I Feel Sorry for ‘Crazy’ Ex-’New York Times’ Editor

There’s no love between Roger Ailes (left), head of Fox News, and Howell Raines (right), the former New York Times executive editor who recently called for all journalists of good conscience to oppose Fox. “He’s obviously hallucinating in some way,” Ailes told me Wednesday.

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Roger Ailes: I Feel Sorry for ‘Crazy’ Ex-’New York Times’ Editor originally appeared on DailyFinance on Thu, 18 Mar 2010 12:34:00.

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Yahoo Makes Deals to Expand in Spain and in Sports

It has an exclusive agreement with Telefonica Espana to power mobile searches and sponsored-search ads on Telefonica’s emocion mobile portal. Yahoo is also buying Citizen Sports, which delivers sports info to customers’ social networking sites and mobile devices.

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Yahoo Makes Deals to Expand in Spain and in Sports originally appeared on DailyFinance on Thu, 18 Mar 2010 12:30:00.

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Barnes & Noble CEO Steve Riggio Steps Down

CEO Steve Riggio is stepping down, though he’ll remain vice chairman and stay “actively involved.” Taking over as CEO is William Lynch, who has been leading B&N’s e-commerce efforts. And Mitchell Kipper will become CEO of B&N’s retail group.

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Barnes & Noble CEO Steve Riggio Steps Down originally appeared on DailyFinance on Thu, 18 Mar 2010 08:50:00.

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Daily Blogwatch: Why eBay Stock Is Worth $35 and Berkshire Is a Buy

Some of today’s best stories for investors from the Internet, including where to invest when interest rates are low, why eBay is worth $35 a share, and shorting Berkshire Hathaway.

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Daily Blogwatch: Why eBay Stock Is Worth $35 and Berkshire Is a Buy originally appeared on DailyFinance on Thu, 18 Mar 2010 08:30:00.

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Daily Blogwatch: Why eBay Stock Is Worth $35 and Berkshire Is a Buy

Stocks in the News: Teva, Nike, Barnes & Noble

The following is a round-up of news likely to affect stock prices today:

Teva Pharmaceutical Industries (TEVA) said Thursday it’s buying Ratiopharm in a deal valued at nearly $5 billion, or 3.625 billion euros. This concludes a months-long battle over Ratiopharm, with the largest generic drugmaker in the world winning over the largest pharmaceutical in the world — Pfizer (PFE) — which was also…

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Stocks in the News: Teva, Nike, Barnes & Noble originally appeared on DailyFinance on Thu, 18 Mar 2010 07:55:00.

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