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RadioShack CEO steps down
Fort Worth, Texas -- RadioShack Corp. said CEO James Gooch has agreed to step down from his position, effective immediately. The company did not specify a reason for his departure. Gooch was appointed CEO in 2011 and has been working to boost stagnant sales.
RadioShack said its board is conducting a search for a successor and would not rule out internal candidates. In the interim, executive VP and CFO Dorvin Lively will serve as the acting CEO.
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Judge grants class status to female employees suing Costco
New York -- A U.S. judge in San Francisco has certified a class-action lawsuit against Costco Wholesale Corp. that involved allegations of gender discrimination in the store's promotion practices.
“Costco offers numerous competing explanations for the observed gender disparity in promotions,” U.S. District Judge Edward Chen said in the ruling, Bloomberg reported. “None of these explanations undermine the companywide nature of the challenged policies and their disparate effects.”