Corporate Governance

Oak Brook, Ill. – McDonald’s Corporation reported small increases in consolidated net income and revenues for both the fourth quarter and full fiscal year 2013, compared to the same periods a year earlier. During the fourth quarter, McDonald’s net income rose fractionally to $1.397 billion from $1.396 billion and revenues grew 2% to $7.09 billion from $6.95 billion.

Washington, D.C. -- Wal-Mart Stores announced that it has created a $10 million fund to support manufacturing in the United States. In a joint announcement, Kent International, a New Jersey-based bicycle maker and one of the chain’s suppliers, said  that it will move its production from overseas to Clarendon, S.C.

Hudson’s Bay Company plans to launch a new mobile shopping application for both Hudson’s Bay and Lord & Taylor.

HBC is partnering with Pounce, a consumer-facing mobile app, to integrate traditional media with m-commerce, providing customers the opportunity to purchase merchandise displayed in print media using tablets and smartphones.

According to Pounce, it is the only Hudson’s Bay- and Lord & Taylor-approved mobile app that allows customers to instantly buy products seen in print by simply scanning an image.

Dallas -- Approximately 1.1 million debit and credit cards used at Neiman Marcus stores may have been compromised in a security breach last year, according to an update posted on the retailer’s website. To date, Visa, MasterCard and Discover have notified the company that approximately 2,400 unique customer payment cards used at Neiman Marcus and Last Call stores were subsequently used fraudulently.

7 Up announced that it is partnering with Project 7 — a company dedicated to making "products for good" — to give consumers the opportunity to give back to people and local communities around the world.

Downers Grove, Ill. – The board of directors of FTD Companies, Inc. has appointed Michael Silverstein as a director of the company, effective Jan. 21, 2014. Silverstein will serve as a class I director with a term expiring at the company's 2014 annual meeting of stockholders.

Wayfair, the largest online retailer of home furnishings and décor, has appointed Christiane Lemieux as executive creative director.

In her new role, Lemieux, previously founder and creative director of DwellStudio, will provide creative vision and counsel across the company’s growing portfolio of home brands, including Wayfair.com, AllModern, Joss & Main and DwellStudio. Lemieux will be responsible for developing new creative initiatives for Wayfair in the coming year.

New York – Hedge fund Litespeed Management has purchased about 8.1 million shares, or an 8.1% stake, in RadioShack. Litespeed, founded by Jamie Zimmerman in 2000, specializes in investing in troubled companies that have viable businesses.

Litespeed disclosed the purchase in an SEC filing. The filing does not specify purchase price, but analysts have estimated the company probably did not spend more than roughly $17 million on the investment.