Submitted by Diane Farsetta on
From March 2008 to January 2009, the U.S. Federal Deposit Insurance Corporation (FDIC) spent $7.6 million on public relations and marketing, to "instill confidence in the stability of the insured banking system" and mark the agency's 75th anniversary.
Submitted by Diane Farsetta on
FedEx's new "multimillion-dollar marketing campaign" doesn't tout the delivery company's service or speed. It accuses rival United Parcel Service (UPS) of receiving a government bailout.
Submitted by Bob Burton on
The financial woes of Medialink Worldwide, the largest producer of fake news products such as video news releases (VNRs) and audio news releases (ANRs), continue to get worse.
A recent study in the Journal of Preventive Medicine found that young people who feel action should be taken against the tobacco industry are more likely to want to quit smoking.
Medialink Worldwide, the largest producer of video news releases and audio news releases, may be crashing and burning with the market downturn but the company's President, CEO and Chairman,
Submitted by Diane Farsetta on
"House Democrats are investigating American International Group Inc.'s role in a campaign to discredit its former chairman and chief executive officer, Maurice 'Hank' Greenberg, in the wake of federal bailouts to the insurance company totaling $182.5 billion," reports Bloomberg.
Submitted by Bob Burton on
AIG spokesman Nick Ashooh has defended the company -- which received $180 billion in U.S. taxpayer funds -- over criticism of its hiring of four PR firms. Michael Weisskopf reports that Sard Verbinnen & Co.
Submitted by Anne Landman on
Cigarette makers are taking advantage of the upcoming 62-cent increase in the U.S. federal excise tax on cigarettes to raise prices.
Submitted by Sheldon Rampton on
"As the swindle of the ages inches closer to its denouement, reporters covering financial scandals -- and a few friends -- have asked me, 'What could somebody like you have done for Bernie Madoff?'" writes crisis management specialist Eric Dezenhall.
Submitted by Diane Farsetta on
Wal-Mart Stores plans to hire a few outside public relations firms to develop "fresh, emotional PR programming" promoting its grocery, health, clothing, home, hardware, auto and entertainment products, along with Wal-Mart's events, financial services and website. Edelman, which has been Wal-Mart's main PR firm for three years, is among the five or six finalists for the major account.
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