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Trading Partners

  • Wal-Mart fires India manager in bribery probe

    New Delhi, India – The India unit of Wal-Mart Stores Inc. has reportedly fired a mid-level manager as part of a probe into alleged bribery violations. According to the Economic Times, Wal-Mart gave the manager a termination notice last week, two years after the company suspended its former India CEO and legal team due to possible violations of U.S. anti-bribery laws.

  • Former legal head returns to Lowe’s

    Mooresville, N.C. - Ross W. (Bill) McCanless will be joining Lowe’s Companies Inc. as general counsel, secretary and chief compliance officer, effective Jan. 12, 2015. McCanless will replace Gaither M. Keener, who announced plans to retire from the company following 30 years of service.

  • Report: Sears Canada, J.P. Morgan to end credit card agreement in Nov. 2015

    Toronto, Canada –- J.P. Morgan Chase & Co. will reportedly end its agreement to issue credit cards for Sears Canada when the term expires Nov. 15, 2015. According to the Wall Street Journal, in the meantime the two companies will explore opportunities to sell the credit card program to a third party, with Sears Canada receiving as much as $154 million if a sale goes through.  

  • DDR exits joint venture in Buffalo

    Beachwood, Ohio -- DDR Corp. announced the sale of an 11-property portfolio--located primarily in the Buffalo MSA that was previously held in joint venture with Kuwaiti Financial Centre II--for a total of $154 million. The portfolio was comprised of small-format traditional grocery-anchored centers and single tenant non-prime assets.  

  • CBRE awarded asset management, lease admin contract for Standard Chartered Bank

    Los Angeles -- CBRE Group, Inc. has been appointed by Standard Chartered Bank to provide asset management and lease administration services across the bank’s commercial property portfolio.   

  • Last chance: Huff event deadline nears

    Walmart EVP of merchandise operations Scott Huff is scheduled to address members of the Bentonville Bella Vista Chamber of Commerce at an upcoming event.

  • Report: Alibaba open to working with PayPal

    Hangzhou, China -- Alibaba Group Holding Ltd., which previously said it is in discussions with Apple about working with its Apple Pay digital payment service, is now reportedly also open to working with EBay’s PayPal digital payment service.  

  • Sobeys seeing red in Canada with PECO deal

    Customers and store associates at Sobey’s stores in Canada are seeing red after the operator of 1,500 stores became the latest company to use PECO Pallet’s distinctively colored pallets.

    PECO said it added Sobeys to its growing list of authorized distributors in Canada so that Canadian and U.S. manufacturers and produce companies can now ship their products into Sobeys supermarkets throughout Canada on PECO’s wooden pallets.

  • Hershey CEO appointed to president’s council on U.S. –Africa trade

    J.P. Bilbrey, CEO of Hershey, has been appointed by the U.S. Secretary of Commerce to President Obama’s newly-established Advisory Council on Doing Business in Africa (PAC-DBIA).  

    Bilbrey will be one of the 15 private sector leaders providing guidance to the president on strengthening partnerships with African nations to leverage the opportunities for U.S. companies committed to supporting the continent for the long term. 

    The private-sector council will focus on strengthening the U.S.’ commercial relationships with African nations. 

  • Target names GM exec as chief risk and compliance officer

    Minneapolis -- Target Corp. has named Jacqueline Hourigan Rice as senior VP, chief risk and compliance officer. Rice is a 17-year veteran of General Motors, where she most recently served as chief compliance officer.  
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