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International Business

  • Bangladesh sets minimum standards for factory safety

    Washington, D.C. - Earlier this month in Dhaka, Bangladesh, the International Labor Organization (ILO), technical experts from the Alliance for Bangladesh Worker Safety, the Accord on Fire and Building Safety, and the Bangladesh University of Engineering and Technology (BUET) came to agreement on a common, minimum criterion for fire and structural inspection safety standards, pending a few final modifications.

  • Staples swings to profit but sales fall

    Framingham, Mass. -- Staples reported net earnings of $135.2 million for the third quarter ended Nov. 2, compared with a loss of $596.2 million a year earlier.

    Sales fell to $6.11 billion from $6.35 billion as the retailer was challenged by soft demand for its products and closed stores in Europe and North America. Same-store sales in North America, excluding sales through Staples.com, fell 3%.

  • TCN Worldwide names east regional VP

    Dallas — TCN Worldwide, a consortium of independent commercial real estate firms, has announced the appointment of Luciano D’lorio of Terramont Real Estate Services/TCN Worldwide to regional VP for the eastern region. In this capacity, D’lorio will serve as an advisor to the member firms located within this region and act as a liaison with TCN Worldwide www.tcnworldwide.com corporate headquarters.

  • Kroger announces succession plan for secretary, general counsel

    Cincinnati -- The Kroger Co. announced its succession plan for secretary and general counsel.

    Paul W. Heldman, 62, a 31-year Kroger veteran who has been serving as the company's general counsel since 1989, secretary since 1992, and executive VP since 2006, will retire in the spring of 2014.

  • Longtime RadioShack board member retires

    RadioShack has announced the retirement of Thomas G. Plaskett from the company's board of directors. Plaskett had served on the RadioShack board since 1986, and was a member of the audit and compliance committee as well as the corporate governance committee.

    His retirement is effective immediately, and the company intends to begin a search for a new independent director to fill his board seat.

  • Home Depot raises guidance on strong Q3

    Atlanta -- The Home Depot reported net earnings of $1.4 billion for the third quarter of fiscal 2013, up 48% from $948 million in the same quarter of the prior fiscal year.  The retailer raised its 2013 forecast for the third time this year amid rising home prices.

    "Our third quarter results reflect the continuing improvement in the housing market and our solid operational performance," said Frank Blake, chairman & CEO.

  • Kroger unveils succession plan for secretary, general counsel

    Kroger announced its succession plan for secretary and general counsel. Paul Heldman, 62, a 31-year Kroger veteran who has been serving as the company's general counsel since 1989, secretary since 1992 and EVP since 2006, plans to retire in spring of 2014.

  • Report: Wal-Mart identifies Bangladesh safety issues

    Bentonville, Ark. – Wal-Mart Stores has reportedly tested more than 200 factories with which it does business in Bangladesh and found safety issues at 32 of them. According to Reuters, Wal-Mart sent out an email saying that 30 of those 32 factories have corrected the issues since their discovery.

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