Business and Finance

Toys “R” Us Hires Mattel Marketing Innovator Neil Friedman

Apr 4th, 2011 | By
Toys “R” Us Hires Mattel Marketing Innovator Neil Friedman

Toy retailer Toys”R”Us, in preparation for an initial public offering, announced Monday that its new President of US Business will be Neil Friedman, renowned for his success with promoting Tickle Me Elmo and new Barbie models. Friedman will oversee merchandising, marketing, and operations at the chain’s stores and online business in the United States, reporting
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DOE Launches America’s Next Top Energy Innovator Program

Apr 3rd, 2011 | By
DOE Launches America’s Next Top Energy Innovator Program

The Department of Energy announced its America’s Next Top Energy Innovator program last week, reducing paperwork and cost requirements for businesses to license patents developed by the DOE’s National Laboratories and Technology Centers. The program aims to encourage businesses to develop new technologies that will drive American economic growth. “America’s entrepreneurs and innovators are the
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Home Depot Stock Climbs 2.8% Tuesday

Mar 29th, 2011 | By
Home Depot Stock Climbs 2.8% Tuesday

Home improvement retailer Home Depot surged in the stock market Tuesday, with shares rising 2.8 percent to $37.67 as 11.7 million shares traded hands. The surge followed a 2.1 percent dip Monday after Home Depot’s announcement that it planned to repurchase $1 billion of its shares through an accelerated share-buyback program with Barclays PLCs investment
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eBay to Buy GSI Commerce for $2.4 Billion

Mar 28th, 2011 | By
eBay to Buy GSI Commerce for $2.4 Billion

Online commerce company eBay has agreed to buy online commerce provider GSI Commerce for $2.4 billion, eBay announced Monday. The move represents another step towards eBay’s vision of expanding from an online auction-oriented business to a full online commerce service competitive with industry leader Amazon. “The acquisition of GSI, which offers the most comprehensive integrated
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AirTran Stockholders Approve Sale to Southwest Airlines

Mar 25th, 2011 | By
AirTran Stockholders Approve Sale to Southwest Airlines

AirTran Holdings, the parent of AirTran Airways, announced Wednesday that its stockholders had approved the sale of the airline to Southwest Airlines for $1.4 billion. The move would give Southwest access to the major traffic hub of Atlanta and to routes to Mexico and the Caribbean. “We are grateful for our stockholders’ strong vote of
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Adobe Reports Record First Quarter But Expects 2Q Drop

Mar 24th, 2011 | By
Adobe Reports Record First Quarter But Expects 2Q Drop

Software maker Adobe Systems announced Tuesday that it grew 84% in the fiscal first quarter ending March 4, 2011, setting company revenue records and exceeding analyst expectations. However, the company anticipated that business uncertainty in post-earthquake Japan will dampen second-quarter earnings, which dragged on Adobe stock performance Wednesday. Adobe’s fiscal gains stemmed from strong product
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SBA Expands Contract Eligibility for Small Businesses

Mar 23rd, 2011 | By
SBA Expands Contract Eligibility for Small Businesses

The US Small Business Administration proposed last week to adjust its size definition for small businesses to include more businesses. The proposed redefinition would allow more businesses to receive government contracts. In recent months, the federal government has been seeking to cut costs on large federal IT projects by breaking them down into smaller pieces
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Stocks and Oil Rise, Yen Falls as Japan Holds, Libya Erupts

Mar 21st, 2011 | By
Stocks and Oil Rise, Yen Falls as Japan Holds, Libya Erupts

As Japan’s nuclear crisis remained contained, the yen fell in value against other international currency, while stocks rose to their highest three-day gain of the year. Meanwhile the onset of fighting in Libya sent oil up. Japanese Prime Minister Naoto Kan announced that progress is being made towards restoring power to two nuclear reactors damaged
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Deutsche Telekom Sells T-Mobile USA, Competes in Serbia

Mar 21st, 2011 | By
Deutsche Telekom Sells T-Mobile USA, Competes in Serbia

German telecommunications company Deutsche Telekom announced Sunday that it is selling its American operation T-Mobile USA to AT&T for $39 billion. Meanwhile, Telekom Austria announced it would pay up to 950 million euros ($1.35 billion) for a 51 percent stake in the Serbian telecommunications company Telekom Srbija, which Deutsche Telekom is believed to be interested
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US and European Stocks Rebound Hoping for Japanese Recovery

Mar 18th, 2011 | By
US and European Stocks Rebound Hoping for Japanese Recovery

The prospect of restored power in Japan raised the yen to its highest peak since World War II Thursday and sent US and European stocks rebounding from the biggest three-day drop in the Standard & Poor’s 500 Index since August. Also contributing to the rebound were events in Libya fueling a jump in oil prices
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