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Former KPMG IT director new SVP, tech at Overstock.com
SALT LAKE CITY — Former KPMG technology consultant Bhargav Shah is Overstock.com’s new SVP of technology. Shah replaces Sam Peterson, who will remain with the company for a transition period.
Shah will spearhead development as well as the implementation of information technology initiatives within the organization. He will also influence business strategy through innovative use of technology.
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Barnes & Noble holiday sales miss, sells 5% stake in Nook
New York City -- Barnes & Noble reported Friday that its holiday sales will likely miss internal projections as its Nook e-reader performed worse than expected during the holiday selling period.
The book seller also disclosed on Friday an investment by London-based media and education company Pearson of $89.5 million in cash in the e-reader subsidiary, representing a 5% equity stake.
Pearson joins Microsoft Inc. as an investor in the Nook subsidiary.