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 Kohl's to boost seasonal hiring, including 9, 300 at warehouses | Retailer hopes to avoid online order problems
Milwaukee Journal Sentinel (Wisconsin), September 18, 2014 Thursday

 Kohl's Corp. will significantly boost its holiday season hiring this year, including a huge staffing increase at its warehouses, which struggled to fill customers' online orders on time last Christmas.
 IPO sets Alibaba's value at $167.6b; Fierce demand for stock pushes it to $68 a share
The Boston Globe, September 19, 2014 Friday

 Alibaba's IPO is likely to be the biggest yet, but some analysts think the pricing is conservative. Wedbush gives the stock a one-year price target of $80. PrivCo says $100. NEW YORK — Alibaba, the Chinese e-commerce powerhouse named after a fabled, poor woodsman who discovers a thieves' den full of treasures, is ready to strike it rich on the New York Stock Exchange. The company priced its initial public offering of stock at $68 per share Thursday, the top end of the expected range. The stock...
 Food supplier's profit nearly triples
The Boston Globe, September 19, 2014 Friday

 Omaha-based ConAgra, a packaged-foods company, has a market value of $13.6 billion. ConAgra Foods Inc. reported that its quarterly profit nearly tripled, sending the stock up 4.6 percent. Sales at the company — its brands include Chef Boyardee canned pasta, Hebrew National hot dogs, and Healthy Choice frozen foods — were flat, but costs fell. ConAgra earned 39 cents a share, excluding some items, exceeding the average 35 cent estimate from analysts surveyed by Bloomberg.
 News Corp. says Google stifles rivals
The Boston Globe, September 19, 2014 Friday

 BRUSSELS — The media conglomerate controlled by Rupert Murdoch is joining the fray in Google's protracted European antitrust case, saying the technology company unfairly distorts competition.
 Home Depot says data breach affected 56m payment cards
The Boston Globe, September 19, 2014 Friday

 NEW YORK — Home Depot estimates 56 million debit and credit cards were breached in a data theft between April and September at its US and Canadian stores. That makes it the second-largest breach on recored for a retailer.
 Retailers, shippers plan surge of holiday hiring as economy improves; May hit highest levels since 1999
The Boston Globe, September 19, 2014 Friday

 Walmart Stores Inc. says it plans to hire 60,000 temporary workers for the holiday season, an increase of 10 percent. UPS, the world's biggest package delivery company, said Friday that it foresees peak season daily volume rising 8 percent this year. NEW YORK — UPS will hire up to 95,000. Kohl's plans to take on 67,000 and FedEx 50,000. Walmart will add 60,000.
 Sears adds returns to drive-up service; Retailer expands on loyalty club's merchandise pickup
Chicago Tribune, September 19, 2014 Friday

 Sears has expanded its drive-up service to include exchanges and returns, giving shoppers an added convenience -- and, less optimistically, another reason not to leave their cars and walk into a store.
 Bayer Will Spin Off Plastics Group to Focus on Health Care
The New York Times, September 19, 2014 Friday

 Updated, 7:42 p.m. | The German drug maker Bayer said on Thursday that it planned to spin off its polymer business into a new, publicly listed entity as the company moves to shift its focus primarily to health care. Bayer started in Germany in 1863 as a chemical company making dyes for the textile industry, but now generates nearly half of its sales from its health care business. Among the company's best-known products is its aspirin.
 Fed Rebukes U.S. Branch of Santander
The New York Times, September 19, 2014 Friday

 The Federal Reserve has reprimanded the United States unit of Banco Santander of Spain for paying a cash dividend to shareholders even though it was forbidden to do so. After failing the Federal Reserve's stress test in March, neither Santander Holdings USA nor any of its subsidiaries was authorized by the Fed to pay a dividend.
 Alibaba Raises $21.8 Billion in Initial Public Offering
The New York Times, September 19, 2014 Friday

 The Alibaba Group, the Chinese Internet juggernaut, will raise nearly $21.8 billion in its initial stock sale, people briefed on the matter said on Thursday, as investors flocked to buy a piece of the company that is poised to continue dominating China's burgeoning e-commerce industry.
 Home Depot Confirms Largest Retail Data Breach
The New York Times, September 19, 2014 Friday

 Updated, 8:21 p.m. | SAN FRANCISCO -- Home Depot said on Thursday that the account information of 56 million cardholders was compromised in what is the largest known breach of a retail company's computer network. Home Depot said hackers breached the company's cash register systems in its United States and Canadian stores in April. The hackers, the company said, used custom malware that was designed to evade traditional security tools and had not been previously used in other cyberattacks. The...
 Housing Data Is Mixed, but Job Figures Show Strength
The New York Times, September 19, 2014 Friday

 The number of Americans filing new claims for unemployment benefits fell more than expected last week, suggesting that a sharp slowdown in job growth last month was probably an aberration.
 SAP Buys Concur
The New York Times, September 19, 2014 Friday

 SAP said on Thursday that it had agreed to acquire Concur Technologies, an enterprise software company based in Seattle, for about $8.3 billion. Concur makes software that helps companies manage their employees' travel and expenses, a growing market as international business travel continues to grow.
 Whole Foods to test first rewards program
USA TODAY, September 19, 2014 Friday

 Whole Foods -- feeling the heat of new competition in the natural and organic arena -- is about to test a program that will reward folks for shopping there.
 Female CEOs more powerful than ever; No longer limited to 'creative' industries
USA TODAY, September 19, 2014 Friday

 When Fortune magazine launched its annual list of the 50 most powerful women in business in 1998, most of the members came from fields that prize creativity, such as advertising, media and publishing -- with no women heading blue-chip firms.
 COMPANY TOWN; TV Guide Network to relaunch as Pop; Programming will be geared toward younger and more affluent audiences.
Los Angeles Times, September 19, 2014 Friday

 TV Guide Network is hoping to burst into new programming by changing its name to Pop. The cable channel, jointly owned by CBS Corp. and film and television studio Lionsgate, announced Thursday that it will relaunch under a new name in early 2015. The channel's programming will be geared toward younger, more affluent audiences, said Brad Schwartz, TVGN's president of entertainment and media.
 Oracle CEO Ellison to step down; The founder will stay on at Silicon Valley firm as executive chairman and chief technology officer.
Los Angeles Times, September 19, 2014 Friday

 Larry Ellison, among the last of the old lions who transformed a fruit-and-nut-growing backwater into Silicon Valley, is stepping down as chief executive of the company he founded, Oracle Corp. Ellison, 70, won't be retiring to Lanai, the Hawaiian island he owns, or to his Malibu estate or to roam the oceans racing yachts. He'll stay on at Oracle as "full time" executive chairman and chief technology officer, trying to navigate the company through massive technological change that threatens...
 Retailers ramping up holiday hiring efforts
Los Angeles Times, September 19, 2014 Friday

 Wal-Mart and other retailers say they are boosting holiday hiring this year as they prep of what they hope will be a rosier shopping season. The ramp-up in temporary hiring could reach more than 800,000 workers in the last months of the year, the highest level since 1999, according to career counseling firm Challenger, Gray & Christmas Inc. "The last two years saw hiring return to pre-recession levels," said John Challenger, chief executive of the company. "This year, we could see hiring return...
 Amazon updates lineup of tablets, e-readers; Firm expands offerings and includes features to make buying from its online store easier.
Los Angeles Times, September 19, 2014 Friday Inc. updated its lineup of tablets and e-readers Wednesday night, announcing two new devices and refreshing several others. Besides expanding its roster of devices, the online retailer has packed each one with features that make it easier for users to buy content from its online store.
 Business digest: Toll in Microsoft's second round of layoffs is 2,100
The Washington Post, September 19, 2014 Friday

TECHNOLOGYMicrosoft sends layoff notices to 2,100 Microsoft notified about 2,100 employees Thursday that they are being laid off in the second round of layoffs since the company announced in July that it would be cutting 18,000 jobs. The cuts are spread across multiple business units and countries, a Microsoft spokeswoman said. The company declined to provide details. The cuts, which were announced in July by chief executive Satya Nadella, are partly related to Microsoft's acquisition of Nokia's...
 China to Lend $81 Billion to Top Banks
The New York Times, September 17, 2014 Wednesday

 HONG KONG -- China on Wednesday became the latest country to embrace economic stimulus measures, as its central bank reportedly agreed to lend 100 billion renminbi, or $16.2 billion, to each of the country's five main banks.
 Darden: Board takeover would weaken company
Orlando Sentinel (Florida), September 18, 2014 Thursday

 A takeover of Darden Restaurant's board would leave the company vulnerable to micromanaging and would compromise the objectivity of directors, Darden said in a statement Wednesday. The release by Orlando-based Darden is the latest salvo in a long war of words with hedge fund Starboard Value, which owns about 9 percent of Darden shares. The fund is proposing the replacement of all 12 Darden board members.
 U.S. Steel's Canadian unit files for creditor protection
St. Louis Post-Dispatch (Missouri), September 17, 2014 Wednesday

 The Canadian unit of U.S. Steel Corp. filed for court protection from creditors to restructure its operations, the Pittsburgh-based steelmaker said late Tuesday. U.S. Steel, the biggest U.S. steelmaker by volume, also announced a series of cost-saving actions in its U.S. operations, though none of the actions directly affect its local steel mill Granite City Works.
 Office Depot moving stock to Nasdaq; Move from NYSE will save dollars
Sun-Sentinel (Fort Lauderdale, Florida), September 17, 2014 Wednesday

 Office Depot Inc. is moving its stock from the New York Stock Exchange to the Nasdaq exchange at the close of trading Sept. 25, partly to cut costs. The Boca Raton-based office supply retailer, formed from last year's merger of Office Depot and OfficeMax, said its stock will keep its current "ODP" symbol when its Nasdaq trading starts Sept. 26.
 Dresser-Rand becomes merger target of Swiss pump maker
The Buffalo News (New York), September 18, 2014 Thursday

 Sulzer AG, the Swiss pump maker, said Wednesday it is in talks with Dresser-Rand Group about a potential merger that would create a company making equipment for the oil and natural gas industry with combined sales of $6.5 billion.

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