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Report: eBay to Welcome Outside Software Applications

BY CSA STAFF

Frankfurt, Germany eBay Inc. on Monday unveiled plans to let outside software programs work inside the e-commerce site, according to a Reuters report.

At eBay’s annual conference for software developers in Chicago, eBay is laying out Project Echo, a plan to give independent developers a path to having their software featured within eBay’s core site.

The move, which the company plans to begin testing later this year, will allow third-party software programs to work within eBay’s Selling Manager, which functions as a central sales-management dashboard for 700,000 eBay sellers.

Across the Web, companies are opening up their software platforms to act as distribution hubs for outsider developers, the report said.

Facebook has attracted a vast new audience since it did this a year ago. Outside developers have built 24,000 new applications for the social network, the report said.

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Ex-Home Depot merchant charged in kickback scheme

BY CSA STAFF

ATLANTA James Robinson of Atlanta has been charged with two counts of income tax evasion and one count of conspiracy to commit wire fraud against Home Depot, relating to a kickback scheme involving overseas vendors.

According to U.S. Attorney David Nahmias, Robinson, a former divisional merchandise manager for flooring for Home Depot, is the second person to be charged for taking secret payoffs from the retailer’s foreign suppliers and then not reporting or paying taxes on the income.

 

“Vendor kickbacks to corporate employees corrupt the honest operations of American businesses, and those who pay, receive, or solicit such payoffs may face federal prosecution,” said Nahmias.

Robinson’s alleged role in the kickback scheme involved him arranging for Home Depot to purchase items for resale on less than the best terms to the company, according to Nahmias. Robinson left Home Depot in July 2007.

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Restoration Hardware approves deal with Catterton Partners

BY CSA STAFF

CORTE MADERA, Calif. Restoration Hardware reported that its shareholders have accepted the amended merger agreement between Restoration Hardware and certain affiliates of Catterton Partners. The amended merger agreement was adopted on June 12 at a special meeting of shareholders of Restoration Hardware’s outstanding shares of common stock, with more than 99% of the votes cast in favor of the amended merger agreement.

“We are pleased with the outcome of today’s vote and appreciate the strong support demonstrated by our shareholders,” said Gary Friedman, Restoration Hardware’s chairman, president and ceo.

Restoration Hardware said it expects the transaction to be completed next week.

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