Talbots' shares jump as credit line doubled

LOS ANGELES (Reuters) - Talbots Inc (TLB.N: Quote, Profile, Research) said on Friday Sumitomo Mitsui Banking Corp doubled its uncommitted line of credit to $50 million, sending shares of the U.S. retailer up 8 percent.

The company's previous borrowing limit under its uncommitted line of credit facility was $25 million.

Talbots also named Lori Wagner as chief marketing officer.

Shares of Talbots rose 74 cents to $9.91 on the New York Stock Exchange.

(Reporting by Jennifer Coogan, editing by Leslie Gevirtz)