Daily business briefing: Stocks off to slow start

August 5, 2013 

Stocks are beginning the week on a down note in early trading.

The Dow Jones industrial average was down 52 points, or 0.3 percent, at 15,605 points in early trading Monday. The Standard & Poor's 500 index was off four points, or 0.3 percent, at 1,704. The Nasdaq composite was down five, or 0.1 percent, at 3,683. ...

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Revlon is buying hair dye and bueaty product manufacturer Colomer Group. The sale is estimated at about $660 million. The deal is expected to help Revlon reach new salon customers and could cut costs. Revlon's stock jumped 5 percent in Monday morning trading, hitting a 7-year high. ...

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The new marketing leader at J.C. Penney Co. will be Kraft Foods executive Debra Berman, who has been named senior vice president of marketing, to help revitalize the struggling brand and reconnect with its shoppers. ...

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A hamburger recently made in a lab has succeeded in many ways except one: flavor.

Mark Post, whose team at Maastricht University in the Netherlands developed the burger, wants to develop meat in labs to help feed the hungry while fighting climate change. From their latest attempt, the group has concluded that the lack of fat from their product has also taken away from the taste.

-- Will Buss, BND business writer

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