Russia Using eBay to Revamp Postal System, Dunkin’ Brands Wants Case Dismissed: Consumer Biz Recap
The Russian government will remake its postal system in 2013 to reinforce that country’s $10 billion Internet commerce business and to assist companies by including eBay (NASDAQ:EBAY) and Ozon.ru to improve deliveries. Vladimir Dolgov, chief of eBay for Russia, said that, “The main problem with the Russian Post is its unpredictability.” To help correct that, the Telecommunications Ministry plans to submit a draft proposal to Parliament in the first half of 2013, said spokeswoman Ekaterina Osadchaya by phone Monday.
Cointstar (NASDAQ:CSTR) saw 1.7 million of its shares sold short in November, up from the 11.3 million shares sold short as recorded half way through that month. Analyst Douglas Greiner at Compass point, noted that this level comprises 35 percent of the shares outstanding, commenting that the stock has short squeeze potential and that “What’s not in current estimates is the company’s ability to cut back Redbox growth capital expenditures materially.”
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Dunkin’ Brands (NASDAQ:DNKN), parent of the Dunkin’ Donuts chain, will request that a New Jersey judge this week dismiss a class action racial discrimination case because it was filed after the statute of limitations has passed. The firm claims the suit filed by two former franchisees in the summer of 2012 came too late. Allegations were that the company steered them to undesirable locations because of their race.
Staples (NASDAQ:SPLS) said on Monday that President and Chief Operating Officer Michael A. Miles Jr. is stepping down from the company, effective February 2nd, having accepted a position with Berkshire Partners, a Boston-based investment firm.
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