Last Updated Jun 21, 2007 1:24 PM EDT
- AT&T has hired 2,000 additional temporary employees to serve the expected influx of shoppers for the June 29 launch of the Apple iPhone. Both companies are facing high expectations for the long-awaited launch, and the new employees will be dedicated to crowd control, security, and customer service.
- Yahoo has acquired high-school and college sports site Rivals.com, solidifying Yahoo's place as the top sports website in terms of audience numbers. Rivals.com, which has 180,000 registered users, will operate as a stand-alone division of Yahoo Sports.
- The second-largest greeting card maker American Greetings doubled its first-quarter profits over the same quarter last year on the strength of sales from its new, more personalized greeting cards designed to relate to consumers' everyday experiences. The company's expenses were also down 5.6 percent.
- T.G.I. Friday's smaller-portion menu is paying off with a 4 percent increase in customers compared to the same period a year ago. Although other casual-dining chains have tried similar approaches with lackluster results, Friday's offers smaller portions of popular menu items -- not just healthy choices -- for a lower price (between $6.99 and $8.99) than the full-sized portion.