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Online retail growth focus of new index
Some of the biggest names in e-commerce are part of a new investor index designed to track the performance of the online retail market.
San Diego-based EQM Indexes LLC, created the index (ticker symbol: IBUYXT) to track the combined performance of 40 to 50 global stocks that derive at least 70% of their revenue from online retail and virtual commerce including the online retail, online marketplace and online travel market segments. The companies that make up the index can be seen here.
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CEO, CFO and two others resign following audit committee review
New York -- Brixmor Property Group announced today that it has named Daniel Hurwitz, former CEO of DDR Corp. and the founder and CEO of Raider Hill Advisors as Interim CEO, effective immediately. Hurwitz will also be appointed to serve on the company's board of directors.
The company also announced that CEO Michael Carroll, president and CFO Michael Pappagallo, and chief accounting officer Steven Splain, along with an accounting employee, have resigned, effective immediately. Carroll has also stepped down from the company's board of directors.