FINANCE

Sears Spent $280,000 Lobbying

BY CSA STAFF

New York Sears Holdings Corp. spent more than $280,000 in 2007 to lobby the federal government, the Associated Press reported.

The company spent $140,539 in the second half of 2007 to lobby Congress on credit-card fees, the transition to digital television, copyright issues, product safety and data security, according to a disclosure form posted online Feb. 11 by the Senate’s public records office.

Sears Holdings, spent $140,746 in the first six months of 2007 to lobby on legislation dealing with patent reform, data security, computer recycling and labor issues.

Lobbyists are required to disclose activities that could influence members of the executive and legislative branches, under a federal law enacted in 1995.

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Onkyo to stop HD-DVD production

BY CSA STAFF

OSAKA, Japan Following Toshiba’s announcement that it would no longer manufacturer HD-DVD products, Onkyo said it has decided to discontinue development and production of HD-DVD players. Onkyo’s players are made with core parts supplied by Toshiba.

Onkyo said it has distributed and sold about 2000 units of HD-DVD players and will continue to provide support for all owners of its products. The company said it will continue to manufacture products geared toward the Blu-ray format.

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Saks puts ‘Want It!’ on wheels

BY CSA STAFF

NEW YORK Saks Fifth Avenue is taking its “Want It!” campaign on wheels. According to reports, the retailer has decorated a double-decker bus with Want It! images and will use the bus as a means of transporting customers from the flagship Fifth Avenue store to popular destinations on the Upper East Side.

Customers can take the bus from March 13 to 15 and receive free admission to several museums featured in Saks’ Want It! ads. According to reports, Saks’ fashion director will be among personalities making guest appearances on the bus.

The Saks tour guides will reportedly sport Want It! fashions and use a script that promotes the season’s trends and includes a history of Saks Fifth Avenue.

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