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Former IBM exec Craig Hayman to head eBay enterprise
The commerce technology and marketing arm of eBay has a new president. Craig Hayman, a 15-year veteran of IBM, has been named the head of eBay enterprise.
“Technology continues to have a significant impact on the overall commerce landscape,” eBay’s President and CEO John Donahoe said. “Craig’s experience will enhance our ability to serve retailers and brands in this online to offine world.”
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Walgreens’ profits miss Street expectations
Walgreens reported a 16% year-over-year jump in third quarter profit, but was forced to withdraw its previously issued fiscal 2016 guidance because it missed Wall Street estimates.
The company’s net earnings for the quarter were $722 million compared to $624 million in the prior-year period. Net sales increased 6% to $19.4 billion from $18.3 billion, while same-store sales increased 4.8%.