Corporate Governance

New York -- Record levels of engagement helped Facebook grow revenue in its fourth quarter, ended December 31, by 63% to nearly $2.59 billion. Full year revenues advanced 55% to nearly $7.9 billion.

Net income increased 116% to $1.13 billion, from $523 million, or three cents a share.

Fort Wayne, Ind. -- Do it Best Corp. announced that VP of retail logistics John Snider will retire, effective June 30, 2014. The company’s VP of marketing, Tim Miller, will move into the role.

New York -- Testifying Wednesday before the Senate Judiciary Committee, U.S. Attorney General Eric Holder confirmed that the Justice Department is investigating the consumer data breach at Target Corp.

"While we generally do not discuss specific matters under investigation, I can confirm the Department is investigating the breach involving the U.S. retailer, Target," Holder said in his statement to senators,.”

Mississauga, Ontario -- Target Corp. announced that it will continue its Canadian expansion in 2014 by adding another nine locations to the 124 Target stores now open in all 10 provinces. The majority of the new stores will open in Ontario, with single store additions planned for Quebec, Manitoba, Alberta and B.C.

Cincinnati -- The Kroger Co. said it has completed its acquisition of Harris Teeter Supermarkets for about $2.5 billion. Under the terms of the merger agreement, Harris Teeter shareholders will receive $49.38 per share of Harris Teeter common stock.

The Woodlands, Texas -- Conn’s announced the opening of four Conn’s HomePlus stores, with locations in Albuquerque, N.M.; Amarillo, Texas; Chandler, Arizona; and Shreveport, Louisiana.

The new HomePlus store format showcases furniture and mattresses in addition to the leading brands and the latest technologies in consumer electronics and home appliances.  

Albertson, N.Y. - Facilities service management company ServiceChannel is partnering with cloud-based business intelligence platform GoodData. Through this partnership, ServiceChannel customers will now be able to have access to more than a dozen years of independent GoodView cost and performance data through its ProView intuitive reporting and visualization platform.

Burlington, Mass. – Demandware has acquired privately-held Mainstreet Commerce, a provider of cloud-based order management solutions. Demandware hopes the combination of its enterprise-class commerce platform and Mainstreet Commerce’s distributed order management solution will simplify order orchestration between online and in-store shopping processes; optimize store and Web inventory; and enable retailers to deliver a “buy anywhere, fulfill anywhere” consumer experience.

Minneapolis – Target has won a case against non-profit group Canvass for a Cause in the Superior Court of the State of California, San Diego. Target sought and received the right to prohibit groups or individuals from using its property for expressive activity, as well as a judgment for trespass alleging that Canvass for a Cause and individuals associated with it have come onto Target property without authorization to do so and have refused to leave.

Los Angeles — CBRE Group has promoted Curt Grantham to president, global corporate services, Americas. In his new post, Grantham will oversee client management and account operations as well as all GCS regional leadership in the Americas. He will report to Jim Wilson, global chief operating officer, GCS, CBRE.

In his new position, Grantham will join CBRE’s Americas operations management board. He will continue to serve on CBRE’s GCS executive committee.