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Published April 3, 2013 6:02 pm
This is an archived article that was published on sltrib.com in 2013, and information in the article may be outdated. It is provided only for personal research purposes and may not be reprinted.

Gaming staff

laid off

Four months after acquiring "Star Wars" maker Lucasfilm, The Walt Disney Co. is shutting down video game production at subsidiary LucasArts and laying off staff as it focuses on the less-risky, less-expensive path of licensing its characters and stories to other developers. Website Kotaku said 150 people affected, citing unnamed source.

J.C. Penny cuts

top staffs' pay

In a clear sign of its dissatisfaction with the direction of the company, the board of J.C. Penney gave its chief executive, Ron Johnson, a pay cut of almost 97 percent, to $1.9 million, for 2012, according to a regulatory filing Tuesday. In addition, not a single top executive received a cash bonus for the year.

Slower growth

for service firms

U.S. service companies grew at a slower pace in March and private employers pulled back on hiring, suggesting businesses may have grown more cautious. The Institute for Supply Management said its index of non-manufacturing activity fell to 54.4 from 56 in February. Any reading above 50 signals expansion.

787 testing more than half done

Boeing said it has finished more than half of the testing on its proposed battery fix for the 787, with the rest of the ground and flight tests coming in the next several days. Smoldering batteries — including one fire on the ground — prompted air safety authorities to ground the world's 787s in mid-January.

Amazon offers

free digital songs

Amazon says that every time a person buys a vinyl record from its online store, it will give that customer a digital version of the songs for free. The feature, AutoRip, was launched in January for CDs. The new offer, announced Wednesday, extends to any physical albums bought on Amazon since 1998.

Monsanto profit

rises 22 percent

Monsanto reported Wednesday its income increased 22 percent in the agriculture products company's second quarter on strong sales of biotech seeds, particularly in Brazil and other emerging markets. The company boosted its full-year earnings guidance, citing its strong performance in the first half of the year.

Oreo maker gave

CEO sweet pay hike

Mondelez International gave CEO Irene Rosenfeld a pay package worth $22 million last year, as the maker of Oreo cookies and other sweet snacks split from Kraft Foods and began operating as an independent company. The compensation represents a 40 percent increase from Rosenfeld's pay in 2011.




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