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Legislative, Regulatory & Legal

  • NRF not pleased with swipe fee settlement

    WASHINGTON — A revised antitrust settlement on the issue of credit card swipe fees doesn't go far enough, The National Retail Federation said Friday. 

  • NRF: Revised credit card swipe fee settlement ‘manifestly unfair’

    Washington, D.C. -- A revised antitrust settlement on the issue of credit card swipe fees doesn't go far enough, The National Retail Federation said Friday.

  • New top cop working Walmart international beat

    Walmart this week named Daniel Trujillo to the newly created position of SVP and chief compliance officer for its international division, according to a Wall Street Journal report based on an internal company memo.

    The appointment comes amid a lengthy, ongoing and costly federal investigation into allegations of bribery at Walmart’s Mexican susbsidiary. Trujillo, 42, is currently deputy general counsel and director of compliance at the oil field services company Schlumberger.

  • Nordstrom supports gay marriage

    NEW YORK -- Nordstrom has joined such other Washington-based retailers as Starbucks Coffee Company and Amazon.com in coming out in support of  approving Referendum 74, a Washington state ballot measure that seeks to affirm same-sex marriage with voters. (In July, Amazon CEO Jeff Bezos and his wife, MacKenzie, pledged $2.5 million in support of the measure.)
     

  • Hudson's Bay files prospectus for IPO

    New York -- Hudson's Bay Co. announced that it has filed a preliminary prospectus with securities regulators in Canada for a proposed initial public offering of common shares. The company, which has been owned by NRDC Equity Partners since 2008, operates U.S. department store chain Lord & Taylor, along with The Bay and Home Outfitters chains in Canada.

  • Judge dismisses Texas civil-action suit claims against Wal-Mart

    New York -- Wal-Mart Stores Inc. will not face class-action gender-discrimination claims in a federal court lawsuit in Texas, Bloomberg reported. U.S District Judge Reed O’Connor has dismissed the Texas class complaint, finding that the lawsuit was filed too late.

    The suit, which alleged the retailer discriminated against women in pay and promotions in the company’s Texas region, sought to represent all women hourly and salaried workers, below store managers, employed by Wal-Mart and Sam’s Club in the region.

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