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Nasty Gal promotes president to CEO as founder Sophia Amoruso steps down
Los Angeles -- Millennial fashion authority and online retailer Nasty Gal has tapped Sheree Waterson has CEO, effective immediately. Waterson, promoted from her position as president and chief product officer, which she has held since early 2014, previously was lululemon athletica’s executive VP and chief product officer.
Founder Sophia Amoruso will continue as executive chairman to oversee creative and brand marketing functions.
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RadioShack offered $500 million loan from Salus Capital
New York -- RadioShack could receive another dose of life support. According to a report by the Wall Street Journal, Salus Capital Partners has offered to provide $500 million to RadioShack Corp. in a kind of debtor-in-possession loan used by companies to fund operations in bankruptcy.

