The Ticker

Yahoo sales drop

Yahoo reported quarterly sales that fell slightly short of both Wall Street's expectations and its own results from a year ago. Excluding revenue shared with advertising partners, Yahoo's sales came up just shy of $1.1 billion for the quarter ended June 30, down about 1 percent from last year. Sales for Yahoo's display advertising business dropped 11 percent.

Cross to sell off its pen division

Lincoln, R.I.-based A. T. Cross Co. is selling its division that makes pens — long an iconic gift item — to an affiliate of private equity firm Clarion Capital Partners for $60 million. The company said it will focus on expanding the Cross Optical Group that includes Costa and Native Eyewear sunglasses.

CDC taps QuantiaMD to update doctors

Waltham-based QuantiaMD, a learning and collaboration Web platform for physicians, has been tapped by the Centers for Disease Control to educate doctors about new or updated CDC guidelines about infectious diseases using interactive, expert-led presentations.

The company's social functionality will allow the CDC to receive feedback from doctors around the country, the company said.

AT&T to let users upgrade more often

A new AT&T plan will allow wireless customers to upgrade their smartphones every year. The carrier announced AT&T Next, an option that lets a smartphone or tablet owner snag a new device every year at no additional costs — instead of every two years — letting customers keep up with fast-paced technology advances. AT&T Next will work similarly to plans introduced by rival T-Mobile.

TODAY

 Commerce Department releases housing starts for June.

 Federal Reserve releases Beige Book.

TOMORROW

 Labor Department releases weekly jobless claims.

 Freddie Mac releases weekly mortgage rates.

 Conference Board releases May leading indicators.

 Citi Performing Arts Center announces the appointment of Patrice Cleaves, left, as the director of concert and event marketing. With 13 years of sales and marketing experience in the live entertainment industry, Cleaves will lead the organization's show-related marketing, advertising, promotions and outreach initiatives towards building new concert and family audiences for Citi Center venues including the Wang, Shubert, and Emerson Colonial Theatres.

 Outercurve Foundation, an open source software foundation, announced today that Jim Jagielski would be taking over as the president of the board of directors. He is a co-founder of the Apache Software Foundation and is a consulting engineer for open source software firm Red Hat.

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