Finance & Capital Management

Atlanta -- U.S. prosecutors have charged former Carter’s senior VP Joseph Elles with securities fraud, according to a report by the Associated Press.

Elles has been accused of lying about the company's financial situation and then selling shares of its stock when the price was artificially inflated.

FRAMINGHAM, Mass. — Staples has promoted Christine Komola to CFO effective Feb. 1, 2012. She will report to John Mahoney, Staples’ vice chairman. The responsibilities of the CFO will transition to Komola the next year.

Marietta, Ga. -- LaVida Massage said it will open a new location in Marietta, Ga., on Lower Roswell Rd.

The newest location is slated to open Oct. 1 in 3,000 sq. ft., and is owned and managed by Georgia Master Developers Terry Sharp and Duane Goodwin.

BOCA RATON, Fla. — Office Depot has fired the president of its international business for "having an improper relationship."

Charlie Brown, president of the international division, has left the organization, effective Monday, the company announced in a press release.

Framingham, Mass. -- Staples said Tuesday it is promoting Christine Komola to CFO, effective Feb. 1.

Komola, a 14-year veteran of the company, will report to the company's vice chairman, John Mahoney, who has been CFO since 1996.

She has served as VP planning and control, senior VP and corporate controller and CFO of the company's website.
 

New York City -- A Bloomberg report on Tuesday said that Borders Group has garnered court approval for the sale of its intellectual property to Barnes & Noble after a recent question about privacy issues was resolved.

U.S. Bankruptcy Judge Martin Glenn in Manhattan approved the transaction after reviewing new terms between Borders and Barnes & Noble that will protect the privacy rights of 48 million customers.