OPERATIONS

Report: Bitcoin exchange Mt. Gox closes

BY Dan Berthiaume

Tokyo – Major Bitcoin exchange Mt. Gox has reportedly gone offline with no advance notice or explanation. According to NBC News, the Mt. Gox website is blank, its offices are closed, its Twitter account has deleted all tweets, and all trading has been halted.

Mt. Gox previously served as an online platform where global Bitcoin users could buy and sell the virtual currency using different international denominations. However, Mt. Gox users had been unable to translate Bitcoins into U.S. dollars since the beginning of February 2014, which the company blamed on a glitch in Bitcoin software that allegedly lets hackers make it appear as if transactions have not occurred.

On Sunday, Feb. 16, Mt. Gox CEO Mark Karpeles resigned from the Bitcoin Foundation board, and the company also reportedly recently moved its Tokyo-based headquarters due to what it called security problems. NBC also reports there are unsubstantiated claims that due to the software glitch cited by Mt. Gox, the company has lost as much as $350 million to fraud.

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OPERATIONS

Tuesday Morning names real estate, IT execs

BY Dan Berthiaume

Dallas — Tuesday Morning Corporation has appointed Douglas B. Sullivan as senior VP for real estate and Michael J. Jones as senior VP and CIO. Most recently, Sullivan served as executive VP for development at Michaels Stores, where he led the company’s real estate strategy development and rollout.

Jones’s recent experience includes serving as executive VP and CIO for Florida-based Systemax (TigerDirect), where he was responsible for strategic business systems development, website, technology and support.

"Doug and Michael bring decades of proven expertise developing real estate and technology strategies, respectively, and I am delighted that they are joining the senior team at Tuesday Morning,” said Michael Rouleau, Tuesday Morning’s CEO. “Our time together at Michaels Stores further reinforces my confidence that we will accelerate improvements in our real estate and technology functions, while at the same time enhancing our customers’ shopping experience."

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Carbon monoxide leak kills manager at Legal Sea Foods in New York

BY Dan Berthiaume

Boston – A carbon monoxide leak at a Legal Sea Foods restaurant in Huntington Station, N.Y., is being blamed for the death of a manager and the sickening of 27 others. According to the New York Times, at around 6 p.m. on Saturday, Feb. 22, police and other medical and emergency personnel responded to a call for a woman who had fallen and hit her head in the basement of the Legal Sea Foods in the Shops at Walt Whitman, and medical personnel recognized signs of a carbon monoxide leak.

With the woman, also a restaurant employee, was restaurant general manager Steven Nelson, 55. Both were unconscious. They were immediately taken in critical condition to Huntington Hospital, where Nelson was pronounced dead on arrival. Three Suffolk County police officer and four first aid volunteers were among the 27 people taken to area hospitals with signs of carbon monoxide poisoning. Most have since been released from the hospital and none had life-threatening injuries.

A leak in the water heater in the basement of Legal Sea Foods may have been responsible for the release of carbon monoxide. Currently the leak is not thought to have spread beyond Legal Sea Foods, but a Panera Bread and Cheesecake Factory also located in the mall were evacuated as a precaution.

Legal Sea Foods has posted at least five messages expressing sympathy for Nelson and other victims on its Twitter account. In addition, a posting on the official Legal Sea Foods Facebook page credited to president and CEO Roger Berkowitz said this incident demonstrates the inadequacies of local codes for carbon monoxide detectors in commercial spaces, which Legal Sea Foods reportedly followed. Berkowitz also said in the posting that Legal Sea Foods will conduct an exhaustive safety check at all locations to ensure they exceed local carbon monoxide codes and will be at the forefront of efforts to strengthen them. The company did not comment in the article.

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