Pvh gains

PVH, owner of the Calvin Klein brand, rose 5.38 percent to $93.25 in extended trading after PVH raised its annual earnings forecast and reported a 31 percent gain in second-quarter net income.

Yahoo! exec

Yahoo! tapped Kathy Savitt, a veteran of American Eagle Outfitters and Lockerz, as chief marketing officer. Savitt will join the company on Sept. 14 and will report directly to Yahoo! CEO Marissa Mayer.

Weak Volt

GM is planning to stop production for about four weeks in September and October at the factory that makes the Chevrolet Volt cars, sources said. Sales of the plug-in hybrid sedan haven’t met projections this year.

AOL buyback

AOL announced a $600 million accelerated stock buyback agreement and a special cash dividend of $5.15 a share.

IBM deal

IBM agreed to buy Wayne, Pa.-based Kenexa for about $1.3 billion in cash, adding social networking services that help companies handle human resources and recruiting.