Labor & Employment

Woonsocket, R.I. -- CVS Caremark Corp. said Tuesday it is resuming its search for a new president of its pharmacy operations in view of Wal-Mart Stores’ lawsuit to block its previous choice.

Talk about favorable media coverage. CNBC aired a one-hour special last week called “Target: Inside the Bullseye,” that served as more of a glowing endorsement of the company than the probing documentary implied by the title.

Conventional wisdom seems to be that Target will be as successful in Canada as it has been in the United States, following last week’s bombshell announcement that the company would enter the market via an acquisition. Target said it would acquire leasehold interests in 220 Zellers stores from the Hudson’s Bay Company, and during 2013 and 2014 it would open between 100 and 150 of the locations as Target stores.

WOONSOCKET, R.I. — CVS Caremark has appointed interim leadership for its retail business with Mike Bloom, EVP merchandising and supply chain, and Scott Baker, EVP internal operations and real estate, taking over the management of the retail business for its 7,100 stores nationwide.

Bloom and Baker, who will report to Larry Merlo, president and COO of CVS Caremark, are assuming these duties on an interim basis, pending the completion of the company's search for a new president of CVS/pharmacy.

WASHINGTON -- The National Retail Federation announced that it has urged the House to support a vote to repeal last year’s health care reform law, saying the measure has already begun to discourage job creation and should be replaced with legislation that reduces healthcare costs while protecting jobs.

CUPERTINO, Calif. -- Steve Jobs, CEO of Apple Inc., has taken a medical leave of absence, Apple announced Monday.

According to an SEC filing, Jobs will remain involved in major strategic decisions during this leave of absence, and COO Tim Cook will be responsible for Apple's day-to-day operations. 

In a letter to company employees, Jobs wrote, "I love Apple so much and hope to be back as soon as I can. In the meantime, my family and I would deeply appreciate respect for our privacy."

MINNEAPOLIS -- Target announced that Tony Fisher has been named president of Target Canada.  In this position, Fisher will be responsible for building the team, establishing the headquarters and leading the day-to-day operations of the corporation's recently announced expansion into Canada, the company reported.

Chicago -- Jones Lang LaSalle announced Tuesday that it has launched a website to deliver strategies, tools and information regarding the upcoming changes in lease accounting treatment by the U.S. Financial Accounting Standards Board (FASB) and its counterpart, the International Accounting Standards Board (IASB).

Columbia, S.C. -- Edens & Avant said Tuesday it has promoted Jami Passer to managing director. Prior to joining Edens & Avant in 2006, Passer was a partner and consultant with P3 Partners, a South Florida real estate advisory firm as well as being a managing director in the Real Estate Capital Markets Group of Andersen Corporate Finance LLC.

Dallas -- Marcus & Millichap Real Estate Investment Services said it has named Jason S. Vitorino senior director of the firm’s National Retail Group in Dallas.

Vitorino joined Marcus & Millichap’s sales intern program in September 2003. He became an agent in April 2004. During his career, Vitorino has closed more than 200 transactions valued at over $660 million, according to the company.