Yahoo! Finance News – Pandora Media, Dow, Penney, Pandora Media Begins Search to Replace CEO
Pandora Media said on Thursday it plans to replace CEO, Joseph Kennedy, and forecast better-than-expected revenue for the first quarter of fiscal year 2014. Pandora’s shares rose 19 percent in after-hours trading.
Dow Hits Third Intraday High, Investors Look to Payrolls
The Dow and the S&P 500 were both up for their fifth straight days, as jobless claims data pointed to a pick-up in the labor market’s recovery a day before the closely watched payrolls report.
JC Penney Lays Off Back Office, District Office Workers
J.C. Penney said it has recently laid off about 2,200 employees at 100 of its stores and district offices, the latest move by the struggling department store operator to contain costs as it contends with deep sales declines.