News

Regulators Seek to Undo Whole Foods Deal

BY CSA STAFF

Washington, D.C., Federal regulators are continuing legal efforts to block Whole Foods Market Inc.’s $565 million takeover of rival Wild Oats despite the deal closing in late August, according to the Associated Press.

The Federal Trade Commission tried to block the deal earlier this year on antitrust grounds. A federal district court ruled against the agency in August. The FTC appealed that ruling, but the U.S. Court of Appeals for the District of Columbia Circuit refused to halt the transaction involving the nation’s two largest natural- and organic-food grocers.

The FTC said Monday that there is still time to remedy the acquisition’s anticompetitive effects because Whole Foods continues to operate many Wild Oats’ stores separately, under the Wild Oats name.

After the deal closed, Whole Foods filed a request with the court on Oct. 9 to dismiss the FTC’s appeal. But in a Monday filing, the FTC said the appeal is still relevant and asked the court to set an expedited schedule for the case.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Are you hiring seasonal employees this year?

View Results

Loading ... Loading ...
News

Yahoo! chief to speak at CES

BY CSA STAFF

LAS VEGAS Yahoo! ceo Jerry Yang has been added to the list of high profile speakers who’ll appear at the 2008 Consumer Electronics Show (CES) scheduled for Jan. 7 to 10 in Las Vegas.

Yang will kick off the Industry Insider Series with an address on Jan. 7 at 11 a.m. at the Las Vegas Hilton Theater. Yang co-created the Yahoo! Internet navigational guide in 1994 and co-founded the company in 1995.

“Jerry Yang co-founded and leads one of the most influential and ground-breaking Internet navigational sites in history, making information instantaneously accessible for consumers across the globe,” said CES president Gary Shapiro. “We look forward to hearing Yang’s views on the evolution of Internet technology and its impact on consumer technology products.”

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Are you hiring seasonal employees this year?

View Results

Loading ... Loading ...
News

Tesco launches fashion networking site

BY CSA STAFF

LONDON Tesco has jumped on the social networking bandwagon with the launch of “fashionfile,” an online community that enables fashionistas to customize, store and share fashion tips with others.

According to reports, the actual social networking aspect of the program will be available in late November, when users will be able to share tips with friends via the site. Until then, users can upload pictures and information to their personal fashionfile page, which they can view on demand.

In order to promote its new fashion initiative, Tesco is offering vouchers to be used in stores to those who sign up for the program and recommend it to their friends.

keyboard_arrow_downCOMMENTS

Leave a Reply

No comments found

TRENDING STORIES

Polls

Are you hiring seasonal employees this year?

View Results

Loading ... Loading ...