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Jennifer Booton Archive

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  • Yahoo Makes $1.1B Bet on Tumblr

    Published May 20, 2013

    Yahoo deal to buy blogging and social networking site Tumblr for $1.1 billion in cash will use about one-fifth of Yahoo's $5.4 billion in cash and marketable securities.

  • Campbell Soup Cooks up Stronger 3Q

    Published May 20, 2013

    Campbell Soup revealed stronger-than-expected third-quarter earnings and boasted a full-year outlook above analyst forecasts on Monday.

  • Financial Times Suffers Cyber Attack

    Published May 17, 2013

    The Financial Times reported Friday that several of its blogs and social media accounts were 'compromised by hackers.'

  • Citi Says it is 'Encouraged' by Penney's Plan

    Published May 17, 2013

    J.C. Penney may have posted a wider-than-expected loss late Thursday, but Citi raised its price target on the ailing retailer and says it is 'encouraged.'

  • J.C. Penney 1Q Loss Wider Than Expected

    Published May 16, 2013

    J.C. Penney posted an adjusted 1Q loss of $1.31 a share, compared to expectations of a loss of 89 cents a share. Sales of $2.64 billion also came in shy of estimates of $2.74 billion.

  • Apple Logs 50B App Downloads

    Published May 16, 2013

    Apple announced that it surpassed more than 50 billion apps downloaded on its App Store on Thursday, however the number of apps offered is only half the battle.

  • Abercrombie Agrees to Sign Bangladesh Accord

    Published May 16, 2013

    Abercrombie & Fitch verbally agreed this week to sign the Bangladesh fire and building safety accord to improve worker conditions in the world’s second-largest apparel exporter behind China.

  • KeyCorp Raises Dividend 10%

    Published May 16, 2013

    KeyCorp lifted its dividend by 10% on Thursday, to 5.5 cents. 

     

  • Kohl's 1Q Profit Falls 5%

    Published May 16, 2013

    Kohl’s posted a decline in first-quarter earnings amid weaker-than-expected sales but revealed a surprise bottom-line beat and an in-line current-quarter outlook.  

  • Starwood to Expand in Latin America, Up Hotels by 50%

    Published May 15, 2013

    Starwood Hotels & Resorts says it will grow its hotel footprint in Latin America by 50% over the next five years.