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Ardent Mines Appoints Luciano de Freitas Borges as President

Mr. Borges will Drive Efforts to Advance Brazilian Properties Exploration Programs NEW YORK, Jan 26, 2012 (BUSINESS WIRE) — Ardent Mines Ltd. (OTCQB: ADNT) (the “Company” or “Ardent Mines”), a precious resources exploration, development, and mining company focused on advancing its two gold properties in Brazil, announced that the Board of Directors has appointed Luciano... 

Olympus plans to report April-Dec. results Feb. 13

TOKYO (MarketWatch) — Scandal-hit Olympus Corp. said Friday it will release its earnings results for the April to December period on Feb. 13, a day before a legal deadline for listed firms to submit their accounts. President Shuichi Takayama will hold a news conference the same day to explain the results, a company spokeswoman said. The Japanese maker of cameras and medical imaging equipment... 

Shutterfly CFO to depart for med tech firm

Shutterfly Inc. SFLY -6.48% said its financial chief was departing to “pursue a personal passion” with a medical technology company, saying its chief executive and top accounting executive would split his duties until it names a successor. Shares were down 3.8% at $23.15 in after-hours trading. Through the close, the stock has fallen 33% in the last year, worse than the market at large. Shutterfly... 

Claire’s CEO Kahn resigns

Claire’s Stores Inc. said Chief Executive Eugene S. Kahn has resigned from the women’s accessories and jewelry retailer, and two other executives were named to take over his responsibilities on a temporary basis. Kahn has worked as chief executive since the company went private in 2007 in a $3.1 billion takeover by private-equity firm Apollo Management LP. While the board will conduct a... 

Medicis tapped to buy Graceway for $455 million

Medicis Pharmaceutical Corp. MRX -2.54% won a bankruptcy auction bid to acquire Graceway Pharmaceuticals LLC for $455 million, topping another company’s stalking horse bid. Graceway, which filed for Chapter 11 bankruptcy protection in September, is a specialty pharmaceutical company that makes products that treat various dermatological and women’s health conditions. Medicis Chairman and... 

Youku.com loss narrows as revenue surges

Youku.com Inc.’s YOKU -14.11% third-quarter loss narrowed the Chinese online television company reported its revenue more than doubled. However, American depositary shares fell 16% to $17.26 in recent after-hours trading as the company’s net loss missed analyst expectations. “Internet television is a young and evolving space with tremendous opportunities,” said Chairman and... 

Hot Topic CEO Harper appointed Chairman

Hot Topic Inc. HOTT +2.14% said Chief Executive Lisa Harper was appointed to the additional role of chairman, replacing director Bruce Quinnell, who plans to step down from the board next year. Board member Matthew Drapkin was also appointed lead director to act as a liaison between Harper and the company’s independent directors. “With these changes, we recognize the importance of having... 

Google settles with FTC on privacy breaches

Google Inc. GOOG -0.24% agreed to submit to third-party privacy audits for the next 20 years to settle allegations it misused users’ personal information. The settlement with the Federal Trade Commission would resolve the agency’s complaint over Google Buzz, a social notification service the company built last year into Gmail. The feature allowed users to share photos, videos and updates... 

North Anna nuke plant ready to restart: Dominion

WASHINGTON (MarketWatch) — Dominion Resources Inc. D -0.37% says its North Anna nuclear plant is ready to restart following an Aug. 23 earthquake in central Virginia that forced it to shut down. After conducting several inspections of the nuclear plant, Dominion has “found no damage whatsoever that could preclude operation,” David Heacock, president of Dominion Nuclear, said during... 

Capital One boosts profit as write-offs fall

NEW YORK (MarketWatch) — Capital One Financial Corp. COF +0.27% reported a small increase in third-quarter profit Thursday as the bank’s loan write-offs and delinquencies continued to fall. The McLean, Va., company said net income was $813 million, or $1.77 per share, in the quarter ended Sept. 30, up from $803 million, or $1.76 per share, a year ago. Revenue increased to $4.2 billion,... 
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