Circuit City names chief financial officer

(Reuters) - Circuit City announced in February that then-finance chief Michael Foss was leaving to become chief financial officer at Petco Animal Supplies Inc. Foss had worked at Circuit City for 3-1/2 years.




This year, Circuit City has announced store closures, job cuts and a plan to replace 3,400 workers with lower-paid staff in a bid to turn around its business and win market share amid heavy competition from Best Buy and discounters such as Wal-Mart Stores Inc.


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US STOCKS-Indexes inch up, but profit-taking caps gains

(Reuters) - NEW YORK, June 1 - U.S. stocks edged higher on
Friday as data reassured investors about the economy's health,
but with the major indexes at multiyear highs, some investors
chose to take profits before the weekend.




Wal-Mart Stores Inc. shares jumped nearly 4
percent after the world's biggest retailer announced plans for
a $15 billion stock buyback and more moderate expansion of
supercenter stores in an effort to improve sales. For details,
see [ID:nN01324918]


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