Yahoo! Finance News – Penney, Facebook, Gap Inc., 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.
Facebook Revamps News Feed, Creating ‘Personalized Newspaper’
Moving to make its user interface more visual, Facebook on Thursday unfurled new changes to the site’s news feed, in an effort to create what its chief executive called a “personalized newspaper.”
Gap revenue rises; transcript leaks early
Gap Inc. said Thursday a key revenue measure rose more than expected in February, helped by sales of jeans and woven tops at its Gap and Old Navy stores.Gap had been scheduled to release the sales figures …