Finance & Capital Management

New York -- Macy’s January announcement that it would close some stores in 2013 seems to have generated a disproportionate amount of scrutiny. Is it business as usual for the department store retailer, or is the news representative of something more far-reaching?  

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MOUNTAIN VIEW, Calif. — Appcelerator, a leading mobile development platform, has Gamiel Gran as VP of business development and Neeraj Gupta as VP of engineering.

New York -- Family Dollar on Friday increased its annual dividend by 24%. The annual payout now totals $1.04 following a decision by the retailer’s board to elevate the quarterly dividend to 26 cents a share from 21 cents a share.

In addition, the board authorized the repurchase of an additional $300 million in stock under an existing program that had only $94 million in authorization remaining.

NEW YORK — Former L’Oréal executive Serge Jureidini has been named CEO and president of Arcade Marketing.

Jureidini succeeds Debra Leipman-Yale, who passed away unexpectedly. He will also serve as a director on Arcade Marketing’s board of directors.

TTi Floor care, manufacturing of Hoover and Dirt Devil floor care products, is investing in American innovation.

The Glenwillow, Ohio-based company said it would hire more than 200 new electrical engineers, mechanical engineers, technicians and industrial designers nationwide over the next three years. The increased investment in engineering, innovation and design is part of the company’s strategy to stay at the forefront of its industry.

By Bruce Jones, Disney Institute

Canton, Mass. -- Dunkin’ Donuts announced that in 2013 it plans to open 330 to 360 net new restaurants in the United States with growth coming from both new and existing markets, for an increase of 4.5% to 5%. The company also announced that it is expanding to Southern California as part of its long-term goal of having more than 15,000 Dunkin' Donuts restaurants in the United States alone.  
 

Family Dollar’s annual dividend now exceeds a dollar following a 24% increase on Friday.

The annual payout now totals $1.04 following a decision by the Family Dollar board to elevate the quarterly dividend to 26 cents a share from 21 cents a share. In addition, the board authorized the repurchase of an additional $300 million in stock under an existing program that had only $94 million in authorization remaining.