Hormel acquiring Skippy peanut butter FOODHormel adding peanut butterHormel Foods, the maker of Spam lunch meat, agreed to buy the Skippy peanut butter business from Unilever for about $700 million, expanding its presence beyond meats and further into China. The purchase of the second-biggest U.S. peanut butter brand with $370 million in annual sales will "modestly" boost profits in the current financial year and add 13 to 17 cents per share in fiscal 2014, Hormel said Thursday. MEDIABuzzFeed raises $19.3 millionBuzzFeed, the prolific online publisher of quirky animal photos, 1990s retrospectives and auto-correct mishaps, raised $19.3 million in funding from an investor group led by venture firm New Enterprise Associates. Previous investors such as Lerer Ventures, Hearst Corp. (owner of The Chronicle) and Softbank Corp. participated in the funding round, the startup said Thursday, bringing its total money raised to $46 million. BROADCASTINGSirius ruling favors LibertyJohn Malone's Liberty Media Corp. won U.S. regulatory approval to assume broadcast licenses from Sirius XM Radio Inc., a step needed for Liberty to finish its takeover of the satellite radio provider.