FINANCE

Staples Alleged to Violate Antitrust Laws

BY CSA STAFF

Boston A lawsuit filed in the U.S. District Court in Boston on Tuesday alleges that Staples and Hewlett-Packard had violated antitrust laws through their partnership regarding the sale of replacement inkjet printer cartridges.

The lawsuit was filed by Ranjit Bedi, who claims that the two companies had unlawfully agreed to stop competing when HP paid Staples more than $100 million to stop selling non-HP branded inkjet printer cartridges for HP printers. The suit is seeking class-action status.

According to reports, no information is known about Bedi, other than that he is from Pacific Palisades, Calif., and it is unknown how he came up with the amount of $100 million.

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AutoZone names new cio, chief merchant

BY CSA STAFF

MEMPHIS, Tenn. AutoZone today announced that, effective immediately, Jon Bascom, vp of Information Technology, has been promoted to senior vp of Information Technology and cio. Additionally, Mark Finestone, vp of merchandising, has been promoted to senior vp of merchandising, effective immediately.

“With these promotions, we continue to strengthen our senior leadership team with seasoned and accomplished AutoZoners,” said Bill Rhodes, chairman, president and ceo. “Jon and Mark have proven leadership abilities and their experiences will serve this company at a very high level for many years to come.”

The company also announced Ken Brame, vp of  Information Technology and cio will retire from the company effective Jan. 11, 2008.

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Report: Mason not take helm at Tesco, job to go to younger candidate

BY CSA STAFF

LONDON Tim Mason, ceo of Tesco’s Fresh & Easy stores in the United States, is not looking to succeed Sir Terry Leahy as head of Tesco, according to reports.

As reported by the Financial Times, Mason said in a visit to some of the Fresh & Easy stores that he would not being following in Leahy’s footsteps and that the position would go to a younger candidate. Mason is 50 years old.

Among the officers vying for the top spot are Phil Clarke (47), international director, and Richard Brasher (45), trading director, both want the top job, the Times reported. However, they may be passed over for younger executives.

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