Today’s Business News
The New York Times (May 20, 2013)
Accounts ¶American Frozen Food Institute, McLean, Va., named three agencies owned by the Interpublic Group of Companies to create a national consumer campaign for the newly formed Frozen Food Roundtable, composed of companies that include ConAgra Foods, General Mills, H.J. Heinz, Kellogg, Nestlé USA and Pinnacle Foods. Spending was estimated at $50 million. The agencies are McCann Erickson Worldwide, for advertising aimed at the general market; Casanova Pendrill, for advertising aimed at...
The New York Times (May 20, 2013)
The board of Yahoo, the faded Web pioneer, agreed on Sunday to buy the popular blogging service Tumblr for about $1.1 billion in cash, people with direct knowledge of the matter said, a signal of how the company plans to reposition itself as the technology industry makes a headlong rush into social media. The deal, which is expected to be announced as soon as Monday, would be the largest acquisition of a social networking company in years, surpassing Facebook's $1 billion purchase of Instagram...
The Oregonian (Portland Oregon) (May 18, 2013)
FOOTWEAR LaCrosse Footwear Inc., the Portland-based company sold last year to a Japanese shoe retailer, has appointed Nike veteran Robert Sasaki as its president, the company announced Friday.
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