Advertisement
  1. Archive

IAC buys Internet retailer Shoebuy.com

Barry Diller's IAC/InterActiveCorp is acquiring Shoebuy.com Inc., a 6-year-old Internet retailer. The Boston company will become part of IAC's retailing business that includes HSN and hsn.com in St. Petersburg. Diller was particularly interested in owning the company's virtual inventory technology that has enabled it to showcase 400,000 products across more than 250 shoe brands. The deal includes Bagbuys.com, a new offshoot that sells 78 brands of handbags, luggage and briefcases.Wild Oats hiring for first bay area storeWild Oats Markets Inc., the natural and organic food retail chain, has started hiring up to 120 full- and part-time staffers for its first Tampa Bay area location, which opens in late March at 1548 N Dale Mabry Highway. A job fair is Friday, Saturday and Sunday at DoubleTree Hotel, 4500 W Cypress St. in Tampa.Pinellas businesses pay software finesTwo Pinellas County businesses have paid $120,000 to settle claims they used unlicensed software, according to watchdog group Business Software Alliance. Deca Manufacturing Corp. of Clearwater paid $50,000 and Ocean Optics Inc. of Dunedin paid $70,000. Both said they have implemented new policies.Companies can't use Verizon recordsA federal judge in Trenton, N.J., has issued a preliminary injunction banning a number of companies and their Web sites from selling or advertising cell phone records obtained from Verizon Wireless, which sued the companies last week. The judge gave Locatecell.com and several other companies 10 days to provide all information they have on Verizon Wireless' customers.Former Wal-Mart exec pleads guilty to fraudFormer Wal-Mart Stores Inc. vice chairman Tom Coughlin pleaded guilty to fraud and tax charges Tuesday, admitting he stole money, gift cards and merchandise from the world's largest retailer. Coughlin, 57, pleaded guilty to five counts of wire fraud and one count of filing a false tax return. The charges carry a maximum penalty of 28 years in prison and a $1.35-million penalty, but prosecutors have likely recommended a reduced sentence as part of a plea bargain.OPEC stands patOPEC will keep production of crude oil steady, deciding Tuesday that its output was enough to fuel an energy-hungry world as Iran pledged it would not withhold its oil because of a standoff with the West over its nuclear program.CORRECTIONThe Davis family, whose members have controlling interest of Winn-Dixie Stores Inc. and choose three of the supermarket chain's directors, owns only common shares of the Jacksonville company's stock. A Monday story incorrectly said the stake included preferred shares.

YOU MIGHT ALSO LIKE

Advertisement
Advertisement