Ford Sales Not Impacted by Recalls, Nintendo To Debut TVii Service: Consumer Business Update
Chief Operating Officer Mark Fields of Ford Motor Company (NYSE:F) informed reporters on Tuesday that the automaker is not taking a hit to its auto sales because a recent large numbers of safety recalls, saying that ”I think overall our sales are doing well, but we also understand that’s a very precious thing and we’re working very hard every day to deliver that quality commitment to our costumers.” Last week, Ford issued its fourth recall on its 2013 Escape crossover since July.
Nintendo (NTDOY.PK) debuts a television service that transforms the controller for its new Wii U game console into a remote device that changes the TV channel and puts programs from the Internet very close by. The TVii service will launch in the United States and Canada on Thursday, according to the firm. The TVii service was introduced in Japan on December 8th.
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Microsoft Corporation (NASDAQ:MSFT) could find Taiwanese smartphone maker HTC Corporation (HTCKF.OB) to be an important partner, because the Asian firm makes “beautiful” devices that could assist Microsoft to gain market share, according to an IDC analyst to Bloomberg. Microsoft Chief Executive Steve Ballmer often contacts his HTC counterpart, and the former has highlighted an HTC device in many of its ads.
Bed Bath & Beyond (NASDAQ:BBBY) said Wednesday that its board has okayed a new $2.5 billion share buyback program to begin after completion of the existing program. During the fiscal third quarter, the firm repurchased around $191 million of its common stock, representing roughly 3.1 million shares, through its existing program authorized in December of 2010. As of November 24th, the remaining balance of the existing share repurchase program was about $223 million.