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Sears Holdings goes far afield for new board member
HOFFMAN ESTATES, Ill. — New York Mets baseball executive Paul DePodesta is the newest member of the Sears Holdings board.
Although his qualifications are somewhat unconventional, DePodesta was elected to the board because his experience as VP of player development and amateur scouting for the Mets is believe to help Sears Holdings in the area of personnel development.
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Walmart considering acquiring stake in Turkish retailer
New York -- A Thursday report by the Financial Times said that Wal-Mart Stores Inc. is in discussions with Turkish retailer Migros Ticaret AS to acquire an 80% stake in the company from London-based private equity group BC Partners.
The Times said that Walmart held meetings with Migros managers in recent days in Turkey but it had not placed a bid for the Turkish retailer. Sources have not been identified and Wal-Mart so far has not commented.