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  • Alibaba net income drops in Q3

    Hangzhou, China –- Alibaba Group Holding Ltd. reported net income of $494 million in the third quarter of fiscal 2014, down 39% from $803 million in the same quarter the prior year. Items including share-based compensation expense and the amortization of intangible assets helped drive down net income.  

  • Overstock takes aim at Amazon

    Discount online shopping site Overstock.com has lowered prices on books and is offering a 15% bonus to loyalty members in what CEO Patrick Byrne is calling a price war with Amazon.

    "We will analyze the results and cost benefits of this price war against Amazon and decide how long to continue the promotion. Right now it's scheduled to last through Cyber Monday," said Byrne.

  • J.C. Penney starts Black Friday 5 p.m. Thanksgiving Day

    Plano, Texas -- The J.C. Penney Co. Inc. will open stores and begin its Black Friday sale activities at 5 p.m. local time on Thanksgiving Day. The company announced its plans via a tweet on the official JCPenney news account.   This start time is an hour earlier than the 6 p.m. Thanksgiving opening time of competing department stores Macy’s and Sears, and three hours earlier than the 8 p.m. opening time Penney used for Thanksgiving 2013.   

  • General Mills makes healthy board addition

    General Mills has elected David M. Cordani to its board of directors.  Cordani, 48, is a president and CEO of Cigna Corporation, a global health insurance and health services company.  

    Cordani joined Cigna in 1991 and has held a variety of finance and operating positions, including CEO for CIGNA Healthcare and president and CEO for Cigna Corporation.  

  • Best of the Best: Top CEOs

    To some folks, he’s an innovator, a genius who has fundamentally transformed the retail equation. To others, he’s a bully. And now Jeff Bezos has a new label: the world’s best-performing CEO.

    The designation comes way of the Harvard Business Review’s 2014 ranking of the 100 best-performing CEOs. The list offers the only ranking of global CEOs’ performances over their entire tenure.

  • Gap Raises Bar on Digital With New CEO

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  • SRS Real Estate hires Michael Federle to lead new San Francisco group

    Dallas --SRS Real Estate Partners has introduced San Francisco’s Investment Services Group, led by capital markets industry veteran Michael Federle. Federle has been hired as senior VP of the new team, which will be tasked with representing institutions, developers, and high-net-worth individuals in the sale, acquisition, and financing of quality real estate assets.



  • Report: Wal-Mart to reappoint Price as Asia CEO

    Bentonville, Ark. -- Wal-Mart Stores Inc. is reportedly reappointing Scott Price as president and CEO of its Asia business. According to Bloomberg, Wal-Mart will let Price, who previously held the position from 2009 until June 2014, work from the retailer’s U.S. headquarters.  
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