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Volkswagen announces its best quarter ever

Posted by Andrey Malskiy Categories: Corporate News, Transportation,

Volkswagen best quarter record

Last time we checked, Europe was going through some pretty tough economical times. But that’s not stopping Volkswagen from reporting its best sales quarter in its history! In the first quarter of this year the company sold 1.36 million cars,  with 536,600 cars alone in March.

However, much of VW's success isn’t because of Europe, even though they managed to gain 5% marketshare tgere. Volkswagen’s greatest markets come from Russia, China, South America, and America. Ever since the redesign of the Passat and Jetta, Volkswagen’s numbers have been climbing up the charts. You can read the full press release after the jump.

Click to continue reading Volkswagen announces its best quarter ever


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The iPhone 3GS makes AT&T numbers look great

Posted by Andru Edwards Categories: Apple, Cell Phones, Corporate News,

iPhone 3GS

AT&T has revealed its first-quarter earnings, and things certainly smell like they're coming up roses for the carrier. That's probably expected considering it's destined to soon become the nation's largest wireless provider thanks to its recent move to acquire T-Mobile. But there was one part of the company's results that was a bit surprising: the debut of the Verizon iPhone appeared to have little effect on AT&T's iPhone subscriber base. Were there really that few people switching when AT&T finally lost its exclusive grip on the device?

AT&T said it activated 3.6 million iPhones last quarter, the first quarter the Verizon iPhone was available. It also said iPhone subscriber "churn," or the number of iPhone owners ditching AT&T for another carrier, was unchanged from the same period last year. During a call this morning, company executives said the impact was, "significantly less than many in the financial community and the media expected and, frankly, they were less than we expected."

After a close look at the numbers, an X factor becomes apparent: the iPhone 3GS. In January, AT&T reduced the price of the 8GB iPhone 3GS from $99 to $49, and it's been pushing the discounted phone hard. The 3GS is a very capable smartphone and looks extremely cheap next to the iPhone 4, which starts at about $200 on both Verizon and AT&T. Of course, Verizon doesn't offer the iPhone 3GS, so any iPhone cravers not willing to pony up a couple of C notes will be going to the AT&T store (or eBay where you can get them cheap without contract.)

Click to continue reading The iPhone 3GS makes AT&T numbers look great


MySpace is for sale

myspace sale

During an earnings call, News Corp. COO Chase Carey indicated that "now is the right time" to place MySpace "under a new owner". The news is not a big surprise, as things have been going downhill for the social network. Its owner, News Corp., has attempted to revive the property last Autumn with a site redesign, and while the site is still popular with some niche crowds, there's no question that Facebook took its place long ago. Still, Carey stays positive on the outlook of MySpace, saying “the new MySpace has been very well received by the market and we have some very encouraging metrics, but the plan to allow MySpace to reach its full potential may be best achieved under a new owner.” Of course, it's still unknown whether anyone would be interested in buying it.


New PayPal restrictions sending payments to India

Posted by Patrick Lambert Categories: Corporate News, Internet,

In a strange yet potentially devastating move for Indian companies and freelancers, the Reserve Bank of India (RBI) has introduced new directives which forces PayPal to restrict any payment for out-of-country services or goods to $500. This means companies and individuals from India wanting to sell services or products to customers outside of the country will have to keep it to a maximum price of $500 per transaction or do so using other means.

It's unclear why the restrictions were added. It's likely that this will impact the economy of the country, which is becoming very popular in several tech related sectors, especially over the Internet, where PayPal payments are common. The likely outcome is increased corruption, and alternative means of money exchange booming as a result of this.

Read More | PayPal Blog

Is Lindsay Lohan Too Broke for Betty Ford?

It will cost Lindsay Lohan a whopping $50,000 to dry out at the Betty Ford Center until January 3, per her court-ordered term. Linds is a celeb, and it should be no problem … but reports are circulating that the bill is too high for her to pay.

Lohan’s probation report states that her “clothing line is falling apart because she is not available to monitor the product.” Linds will also have to wait until she leaves the clinic to receive any money from her film project Inferno, in which she plays a famous porn movie queen.

But wait … didn’t she make a lot of money from all the movies? Celebrity Net Worth suggests Linds has about half a million net, but rumors of money problems have plagued the actress for years. An April report suggests that Linds amassed an amazing debt of $1 million on her credit cards, and her current Betty Ford stay is definitely not her first rehab stint. Being addicted costs money … and stopping the addiction doesn’t come cheap, either.

So, will Linds be kicked out of the Betty Ford Center? Not likely. Like as not, Lohan is still a celeb -- otherwise, why would we care if she’s broke? -- and has all the potential to get back on top.

Read More | Popeater

Celebrity Chatter: Toni Braxton’s Bankruptcy Filing, Max Weinberg’s Medical Condition

Posted by Veronica Santiago Categories: Music, Television, Legal Issues,

Toni Braxton-Former Dancing with the Stars contestant Toni Braxton has filed for Chapter 7 bankruptcy ... again. The Grammy award-winning singer is reportedly between $10-$50 million in debt.

-Actor Larry Wilcox is under investigation by the Securities and Exchange Commission. The 63-year-old former CHiPs star was charged by the SEC with securities fraud on Thursday.

-Kelsey Grammer and girlfriend Kayte Walsh have just announced the loss of their unborn child. Grammer, who is in the middle of a divorce from his wife of 13 years, revealed the pregnancy back in August.

-Drummer Max Weinberg says a medical issue played a role in his decision not to join Conan O’Brien on his new TBS show. The 59-year-old had valve repair surgery on his heart back in February.


Items Du Jour: Lara Stone Loves ANTM, Teens Go Make-Up Free

Victoria Beckham on Marie Claire—Victoria Beckham sports Jean Paul Gaultier’s shoulder-padded bra for La Perla on the November issue of Marie Claire. As usual, she looks fabulous.

—Whether it’s her red carpet

fiascos looks or her Sesame Street drama, Katy Perry has caught the eye of knock-off

shoe designer Steve Madden. The pair are currently in talks to collaborate on a collection together; however, neither sides have yet to confirm.

—Model Lara Stone admits that she’s a huge fan of America’s Next Top Model. When asked about whether or not she’s learned anything from the shoe, she admits, “Smizeing. I’m good at that.”

—A quirky teaser video for Lanvin’s H&M collection is out. Check back on H&M’s site November 2nd for the line’s fashion show. The collection, however, won’t hit stores until November 20th.

—CFDA president Diane von Furstenberg is to launch a beauty range with ID Beauty. The first product, a perfume, is expected hit stores this fall. The rest of the line will include cosmetics and skin care products.

Click to continue reading Items Du Jour: Lara Stone Loves ANTM, Teens Go Make-Up Free


Items Du Jour: Lara Stone Covers Vogue Again, Alber Elbaz Cares

Pregnant Lily Allen at Givenchy—A pregnant Lily Allen showed up at Givenchy in some chic pregnancy wear. True to Fall/Winter looks, she kept it simple and Parisian with a gray long coat, white blouse, and black pumps.

Glee star Lea Michele has become quite the fashion darling, striking a pose with Zac Posen. With her nude robe-like dress, I’d say that she has some more styling etiquette to learn.

—Alber Elbaz is probably the sweetest, most caring designer. The Lanvin creative gave his models the option of wearing comfy gladiator sandals (at the last minute!) for his Spring/Summer 2011 show.

—After scoring Vogue Paris‘s coveted 90th anniversary cover, Lara Stone is right back on Vogue—this time, it’s in her native UK mag.

—Finally taking a cue from some sensible publicists, American Apparel attempts to save the brand’s image in some new ads that feature a less-creepy Dov in the face of their financial woes. He just still couldn’t resist shooting the ads in his bed.

—Traditional and iconic American swimsuit model Marisa Miller changes things up for 944, sporting a dark bob wig and gloves—a far cry from her usual California-esque look.

Click to continue reading Items Du Jour: Lara Stone Covers Vogue Again, Alber Elbaz Cares


Tom Ford on Verge of Designing Womenswear

Posted by Andru Edwards Categories: Fashion Designers, News, Rumors, Women,

Tom Ford wants to design womenswear when he has the moneyTom Ford says that he will release a womenswear collection when he finds the time and money.

The former Gucci and YSL designer is keen to have a female range, but admits he is waiting for the appropriate funding: “Financing is extremely expensive right now, so if we find financing in the right situation we’ll be able to start a women’s collection soon. If we don’t, we may have to wait a while. You know it will take me 18 months when I start, because I have to hire the team, find the factories, put everything together and then get the stores ready so there’s a place for these clothes.”

The 48-year-old also revealed sales of his menswear collection are doing very well: “Things are getting better every day in most places. So I’m optimistic and this is something that I plan on doing for the next 30 years of my life, so if I have to wait another six months or a year (to launch women’s) it’s ok.”


Christian Lacroix Now Designs Jets

Posted by Andru Edwards Categories: Fashion Designers, News, Rumors, Sales,

Christian LacroixFrom one runway to another, Christian Lacroix is set to design private jets.

The French designer, who filed for bankruptcy earlier this year, is in talks with Sheikh Hassan bin Ali al-Nuaimi—the nephew of United Arab Emirates ruler Ajman—about investing $70 million in the company. Al-Nuaimi wants to become the majority stakeholder and despite the current global economic downturn, the sheikh has bold plans for the brand. He is keen to transform the fashion label into a luxury lifestyle brand with a range of products including lavish palaces, planes and hotels.

Al-Nuaimi said, “The idea is not to focus on fashion by itself. We are discussing different activities in leisure… private jets, hotels, high-quality yachts, palaces, and interior decoration. We will focus on very exclusive areas and don’t want to sell his name cheap in the market.”

Lacroix, who counts Christina Aguilera among his celebrity fans, will need approval from a French court before the deal goes ahead. A decision is set to be made by the end of the month.


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