Target plans to hire about 70,000 seasonal workers for the holiday shopping season, down about 20 percent from a year ago. The discounter is aiming to be more efficient in its hiring practices. The move to hire 18,000 fewer temporary holiday workers than last year’s 88,000 comes as the Minneapolis-based chain saw that its own permanent employees wanted to get first dibs on working extra hours for the holiday season.
It was Stephen Elop who, as Nokia’s chief executive, deepened the Finnish telecommunications firm’s ties to Microsoft by agreeing to bind itself to the Windows Phone operating system. Now that Microsoft is buying full control of the Nokia cellphone business for $7.2 billion, Elop is set for a big payout. Nokia Corp. says that its now-former chief is expected to collect about $25.5 million as he prepares to leave the company and rejoin Microsoft Corp. About 70 percent of Elop’s payment will be covered by Microsoft, with Nokia responsible for the remainder.
Kroger CEO David Dillon will retire from that post with President and Chief Operating Officer W. Rodney McMullen stepping into the role as part of its long-term succession plan, the company said Friday. The changes are effective Jan. 1. Dillon, 62, will continue to serve as chairman through Dec. 31, 2014. He has served as CEO since 2003. Kroger owns Omaha’s Baker’s Supermarkets.
Sprint Corp., the third-largest U.S. wireless carrier, followed its competitors in making it easier for customers to upgrade to a new phone more often. A new service called Sprint One Up lets customers get a fresh smartphone every 12 months, the company said Friday. The plan, combined with unlimited voice, text and Internet access, starts at $65 a month. Sprint joins larger rivals AT&T and Verizon Wireless, which embraced similar policies in July, and T-Mobile, the fourth-largest carrier, which was the first to break from the industry’s tradition of locking customers into a phone for two years.