Staples Inc., the largest U.S. office-supplies chain, will close as many as 12 percent of its North American stores and cut as much as $500 million in costs as online competition continues to hurt sales. The shares fell.
Hershey Co ., the maker of Kisses and Reese’s Peanut Butter Cups, has held talks with former Cadbury Plc Chief Executive Officer Todd Stitzer about taking a seat on the board, according to people with knowledge of the matter.
Hershey Co.’s newly named interim chief executive officer, John Bilbrey , may emerge as the best candidate for the permanent job because the trust that controls the candy maker could scare off outsiders.
Godrej Consumer Products Ltd. rose to its highest level in more than nine months in Mumbai trading after the Economic Times reported the Indian maker of household products may buy Hershey Co.’s stake in a local joint venture.
Penn State University football coaches and past players attended events sponsored by the foundation for needy children started by former defensive coordinator Jerry Sandusky for years after head coach Joe Paterno was told of child-abuse allegations against Sandusky, according to the charity’s newsletters and a grand-jury report.