The Ascena Retail Group is buying the owner of Ann Taylor and Loft in a cash-and-stock deal valued at about $2.16 billion.
The television station operator said it is opening a new Washington, D.C., bureau and named Jim Osman as the bureau chief.
00:02 AT&T Aims for an Empire in Merger Talks With Time Warner2
21:31 Time Warner jumps after hours on report it could sell for $110 per share to AT&T
12:55 McDonald's shares pop as investors cheer third-quarter beat
11:10 Merged BAT-Reynolds could be loaded with up to $55 billion of debt, analysts say1