FINANCE

BestBuy.com offering 99-cent standard shipping

BY CSA STAFF

Minneapolis BestBuy.com, the electronics retailer’s Web site, said Tuesday it will offer 99-cent standard shipping on most products, except those that require a scheduled delivery.

The limited-time offer started Monday. The company did not say when the offer will expire. Many retailers are offering discounted shipping around the holidays in an effort to entice customers.

The company also said orders placed by 11 a.m. EST on Dec. 21 will be delivered by Christmas.

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Ahold extends tech agreement with HP

BY CSA STAFF

PALO ALTO, Calif. Ahold has extended its existing relationship with HP by signing a new seven-year infrastructure and applications services agreement, the company reported.

Under the terms of the agreement, HP will continue to provide management and support services for Ahold’s global data center environment. In addition, HP will implement HP Business Service Automation to make server and storage capabilities more robust and more highly available.

HP also will provide network services for Ahold’s extensive network that connects its supply chain and distribution with its 3,000 stores, warehouses and office locations across Europe and the United States.

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Microsoft CFO to leave company at year’s end

BY CSA STAFF

REDMOND, Wash. Microsoft Corp. announced that Chris Liddell will be leaving the company at the end of 2009, and named Peter Klein as the company’s new chief financial officer.

“Chris and his finance team have accomplished a great deal over the past four and a half years. The team is deep and strong, and has an excellent record of building value for our shareholders,” said Steve Ballmer, Microsoft chief executive officer. “Peter brings great finance and operations expertise and a deep understanding of the company, and I am looking forward to a smooth transition that continues our commitment to cost containment and finance excellence.”

 

Liddell joined Microsoft in May 2005 after serving as CFO at International Paper Co., and chief executive officer of Carter Holt Harvey Ltd., then New Zealand’s second-largest listed company.

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