Ariba Rebounds From Early Lows

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Shares of business-to-business concern

Ariba

(ARBA)

rebounded today after opening lower, a day after the company named a new chief financial officer, Robert Calderoni, to replace co-founder Edward Kinsey.

Shares of Ariba were recently trading up $4.06, or 7%, to $62 in

Nasdaq

trading. The stock opened at $54.06.