Apple: Most valuable company of all time
New York — Apple Inc. became the most valuable public company of all time on Monday, after its market value climbed beyond $620 billion to surpass a milestone set by Microsoft Corp. more than 10 years ago, Reuters reported.
Apple shares reached a high of $664.74 on Monday morning, giving them a total value of $623.14 billion. This broke past the record of $620.58 billion set by Microsoft back in 1999, according to the report.
Urban Outfitters Q2 profit up 8%; tops Street
Philadelphia — Urban Outfitters Inc.’s profit for the second quarter rose 8% to $61.3 million from $56.7 million in the year-ago period, helped by strong sales as its namesake stores.
Total company net sales for the quarter, ended July 31, rose by 11% over the same quarter last year to $676 million. Same-store net sales, which include the direct-to-consumer channel, increased 4% for the quarter, while comparable store net sales decreased 1%.
During the six months ended July 31, 2012, the company opened a total of 28 stores including: 10 Free People stores, 10 Urban Outfitters stores, six Anthropologie stores, one BHLDN store and one Terrain garden center. It closed one Anthropologie store.
PeopleAnswers to assist Boston Market with talent recruitment
Dallas — PeopleAnswers announced a software licensing agreement with Boston Market to use the PeopleAnswers HR solution to help identify and select all field employees in its 476 locations across the United States.
Boston Market will use the PeopleAnswers assessment test to prescreen, select and hire for all hourly and management roles. To help Boston Market meet its objectives, PeopleAnswers completed the implementation for all of its restaurants in a short timeframe. Managers will also use PeopleAnswers as a guide for candidate interview questions as well as employee development and succession planning.
“The experiences our guests have with our employees can make the difference between a one-time customer and a long-time customer,” said J. Randal Miller, chief administrative officer and general counsel, Boston Market. “We are working with PeopleAnswers to help locate and hire employees that will best represent our brand and allow us to maintain our position as a leader in the fast-casual restaurant industry.”