Business

Facebook Releases Quarterly Earnings Report

The company showed a profit of nearly $220 million for the quarter but it fell short of analysts' expectations. CEO Mark Zuckerberg blamed the missed target on higher costs. Company spending is up 60 percent this quarter over the previous one due to hiring and new developments.

J.C. Penney Wins Legal Fight Over Martha Stewart

An appeals court in New York will allow J.C. Penney to continue selling a new line of housewares designed by Martha Stewart. The ruling nixes an attempt by Macy's to obtain an order that would block Penney from selling the collection. In other Martha Stewart news, she has joined the dating site Match.com in search of romantic adventure.