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Labor & Employment

  • Consumer confidence inches up in August

    New York -- The Conference Board Consumer Confidence Index which had declined in July, increased slightly in August. The Index now stands at 81.5, up from 81.0 in July.

  • Skullcandy amps up board

    PARK CITY, Utah — Skullcandy has appointed Heidi O'Neill, who is VP and GM of women’s training and fitness at Nike, to the company's board of directors. 

  • Best Buy founder Schulze to sell part of company holdings

    Richfield, Minn. -- Best Buy Inc.’s founder and largest shareholder, Richard Schulze, plans to sell off an unspecified portion of his 20% stock holdings in the chain, according to a filing with the Securities and Exchange Commission.  

    The move is part of Schulze's “personal long-term strategy for asset diversification and liquidity,” according to the filing, which did not disclose the total number of shares expected to be effected by the sale.

  • Walmart to expand health coverage to domestic partners

    New York -- Wal-Mart Stores will offer health insurance benefits to its U.S. workers' domestic partners, including those of the same sex, starting Jan. 1, 2014. Wal-Mart sent a postcard to its associates on Monday to tell them about the change. The chain also informed workers that it plans to begin offering vision care to its eligible employees and their dependents.

  • Transwestern fills new tenant advisory post

    Houston — Transwestern has announced that Amber Strang has joined the firm as executive managing director of tenant advisory services. In her newly created role, Strang will pursue multi-market business and work to enhance client services. Strang will also serve on Transwestern’s board of directors and executive committee.

  • Levi’s in management shuffle

    San Francisco -- Levi’s announced several management changes in an effort to drive innovative product and consumer engagement campaigns around the globe.

    Jennifer Sey, the current senior VP of e-commerce, will become the global chief marketing officer for the Levi’s brand.

  • JCP will soon be free of Bill Ackman

    J.C. Penney filed a registration statement with the Securities and Exchange Commission late Monday that would allow for activist investor Bill Ackman to unload his entire stake in the company via a secondary stock offering.

    According to the J.C. Penney’s filing, Ackman and various Pershing Square investment vehicles he controls plan to sell roughly 39 million shares representing 17.7% of the company’s 220.5 million outstanding shares.

  • Big Lots board retains compensation committee chair

    Columbus, Ohio – The board of directors of Big Lots, Inc. has retained director Russell Solt. Solt will also continue to serve as chairman of the compensation committee, which is composed entirely of independent non-executive directors.

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