Krispy Kreme Doughnuts Inc. (KKD) said its fiscal first-quarter loss widened as the company continued its recovery from a stumble several years ago. The company said its net loss in the quarter ended April 29 was $7.4 million, or 12 cents per share, compared with a net loss of $6 million, or 10 cents per share, in the year-earlier quarter. Revenue fell to $110.9 million from $119.4 million.
News Corp. (NWS) founder Rupert Murdoch moved closer to his long-standing goal of owning Dow Jones & Co. (DOW), publisher of The Wall Street Journal, by meeting with representatives of the Bancroft family, the company’s controlling shareholders. The family had initially rebuffed Murdoch’s $5 billion offer for the company in early May, but now has agreed to meet with him.