ADVERTISING

J.C. Penney Stock Suffers Worst Drop Ever, 20%

IBTimes Logo
J.C. Penney Co Inc shares plunged nearly 20 percent on Wednesday, their worst decline ever, wiping away $1.43 billion in market value a day after the retailer shocked Wall Street with a much worse-than-expected drop in sales and by scrapping its dividend.
Facebook

GM Ditches Facebook Ads Ahead of IPO, Rest of Auto Industry Stands By

General Motors Company (NYSE: GM) rocked the automotive and advertising worlds with its announcement Tuesday that it will stop buying advertisements on Facebook Inc. (Nasdaq: FB), a value of roughly $10 million a year, on the eve of social networking site's monster IPO. The rest of the automotive industry's major players are not following suit, though, Ford Motor Company (NYSE: F), banking on the strength of the network effect, is actually upping its investment.
More news
Emily Maynard

?Bachelorette? Premiere Recap: Emily Maynard?s Best And Worst Bachelors

Emily Maynard's season of The Bachelorette premiered on Monday night on ABC and Maynard told the world that her ultimate goal is to meet somebody that I can marry and have children with and who could be that father figure in Ricki's life, which I want for her more than anything. Here is a recap of the Season 8 premiere.
Daniel S. Loeb, pirncipal, Third Point Capital

Memo To Loeb: You Broke Yahoo -- 5 Ideas to Fix It

Congratulations, the good guys finally won. You and your team, with help from other institutions, have ousted CEO Scott Thompson, elected three Third Point nominees to the board, removed another handful of management nominees and effectively control the company. Now what?
LinkedIn

Silver Lake Partners Expresses Interest In Monster Acquisition: Report

The LinkedIn Corp. (NYSE: LNKD), the business-related social-networking company, considered buying online job-listings provider Monster Worldwide Inc. (NYSE: MWW), but decided against the purchase, according to Reuters. Meanwhile, the private-equity firm Silver Lake Partners continues to have interest.
postal service

US Postal Service Loss Widens To $3.2 Billion in 2Q

The nearly bankrupt U.S. Postal Service said Thursday its net loss widened to $3.2 billion in the fiscal second quarter as revenues continue to dwindle. It also said it lacks sufficient cash to pay for required future retiree health benefits.
Brad Pitt

Brad Pitt Becomes First Male Face For Chanel No.5

Brad Pitt already has a full plate with taking care of his six children with Angelina Jolie and helping to plan a wedding with her, but his work hasn't seemed to slow down. Pitt is now the new -- and first - male face of Chanel No. 5.
draw something

Zynga's Draw Something Players Leaving In Droves

Draw Something, the popular doodling app that was recently bought by Zynga as part of a $200 million deal in March, appears to be losing its mojo: Recent data from Appdata shows that Draw Something players are leaving in droves.
The Avengers

Walt Disney 2Q Profit Up 21%, Tops Estimate

Walt Disney Co. (NYSE: DIS), the world's largest entertainment company, reported Tuesday that its second-quarter profit rose 21 percent, topping analysts' forecasts as solid results from theme parks offset a disappointing performance from sci-fi film John Carter.
Neighborhood Watch

Neighborhood Watch Altered Due To Trayvon Martin Case: 5 Other Badly Timed Films

Aside from a few movie posters that have yet to be taken down, there is very little trace of advertising for the upcoming film Neighborhood Watch,After FOX began pulling promos of the comedy the wake of the Trayvon Martin case. The 17-year old was shot and killed by George Zimmerman, a self-appointed neighborhood watch captain. Though the movie's plot has nothing in common with the circumstances surrounding the fatal shooting,
machinima

Google, Determined To Kill TV, Invests In Machinima

Google has invested in Machinima according to a new AllThingsD report. The announcement was made in the wake of the company's $200 million commitment to promoting YouTube across the Google content network.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.