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In the News: JPMorgan, Digg, Virgin and more

Posted by Dale Buss on July 13, 2012 08:57 AM

In the News

JPMorgan Chase reaches nearly $6 billion in losses on "whale trades" but posts multi-billion-dollar quarterly profit.

Digg, a social-media pioneer, sells for pittance and gains new CEO.

Richard Branson takes on Stephen Fry in new Virgin UK campaign.

Axe replaces bikini-clad women with Kiefer Sutherland in new spot.

Coca-Cola launches Hispanic campaign for Olympics and reintroduces controversial drink colors in Freestyle dispensing machines at UK Burger Kings.

Olive Garden owner Darden to buy Yard House for $585 million.

Facebook starts automating home-page ad buying and monitoring chats for criminal activity.

Fox sees American Idol judging panel in flux as Steven Tyler leaves.

Frito-Lay offers Skylanders figurines.

GE builds a better battery.

Macy's kicks off back-to-school promotions amid strong projections.

News Corp. weighs fate of The Daily tablet pub.

Nokia shuffles China operations.

P&G stake is taken by major activist investor.

Perry Ellis rolls out playful makeover.

Peugeot seeks massive cut in labor costs in France.

Pizza Patron breaks sales records with its "Pizza Por Favor" promotion.

Russell Athletic plans to tour colleges with superheroes.

Valentino sells to Qatar's royal family.

Valpak teams with Ice Age sequel in sweepstakes promotion.

Vizio reclaims market-share leadership in LCD TVs.

Yahoo hack exposes passwords online, as interim CEO kept in limbo.

Yum! Brands grows optimistic about new menu items.

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