Seamless and GrubHub to combine, no terms revealed
BY: Associated Press NEW YORK — Rival online takeout services Seamless North America and GrubHub on Monday announced plans to combine and create a new company covering more than 20,000 restaurants in 500 cities across the U.S. Financial terms were not disclosed and it’s unclear what the combined company will be called. GrubHub CEO Matt Maloney will become [...] |
Special K churns out products in brand evolution
BY: Associated Press NEW YORK — Special K was once just a line of cereals. Today, it’s a diet food empire. The brand first hit shelves in 1955 as a no-frills breakfast alternative but now caters to dieters who see its airy chips and pastries as a way to beat cravings and lose weight. And this summer, Kellogg [...] |
Yahoo takes big leap with $1.1B deal for Tumblr
BY: Associated Press SAN FRANCISCO — Yahoo is buying online blogging forum Tumblr for $1.1 billion as CEO Marissa Mayer tries to rejuvenate an Internet icon that had fallen behind the times. The deal announced Monday is Mayer’s boldest move since she left Google 10 months ago to lead Yahoo’s latest comeback attempt. It marks Yahoo’s most expensive [...] |
Host Hotels CFO Harvey stepping down from post
BY: Associated Press BETHESDA — Host Hotels & Resorts’ chief financial officer, Larry Harvey, is stepping down from his post. Harvey, who will continue as an executive vice president until the third quarter, will hand over CFO responsibilities to Gregory Larson. Harvey had served as CFO since 2007. Larson, who has worked at Host Hotels since 1993, is [...] |
Md.’s rankings for business climate all over the place
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A year after IPO, Facebook aims to be ad colossus
BY: Associated Press NEW YORK — It was supposed to be our IPO, the people’s public offering. Facebook, the brainchild of a young CEO who sauntered into Wall Street meetings in a hoodie, was going to be bigger than Amazon, bigger than McDonald’s, bigger than Coca-Cola. And it was all made possible by our friendships, photos and family [...] |
World whitewater event coming to western Md.
BY: Associated Press MCHENRY — The world’s best whitewater paddlers are coming to western Maryland. Members of the U.S. canoe and kayak team are in McHenry on Friday to help promote next year’s canoe slalom world championships at the Adventure Sports Center International. The world championships will be held at the center Sept. 16-21 of 2014. In slalom [...] |
Dell’s 1Q earnings fall 79 pct as PC sales sag
BY: Associated Press ROUND ROCK, Texas — Dell’s first-quarter earnings plunged 79 percent as the shift to smartphones and tablets reduced demand for the company’s personal computers. The dismal performance announced Thursday actually might work to Dell Inc.’s advantage. That’s because Dell’s board is trying to persuade shareholders to accept a $24.4 billion buyout offer from CEO Michael [...] |
Columbia-based Fortress International narrows loss
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NewDay USA completes headquarters move
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