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Amazon, Walmart, eBay Eye Potential $50B Market for Federal Online Purchases

The General Services Administration plans to implement e-marketplace platforms to help agencies speed up the procurement of products online and Amazon (Nasdaq: AMZN), eBay (Nasdaq: EBAY) and Walmart (NYSE: WMT) are expressing interest in gaining a share of that market that could reach $50B annually, the Wall Street Journal reported Friday.

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November 13 Market Close: GovCon Index Extends Week of Gains

The GovCon Index ended Thursday’s trading day at 68.992 — an increase of 0.626 percent from Wednesday and a close that represents the index’s fourth straight day of nominal gains. Bloomberg cited corporate deals and a positive earnings report from Walmart as among the factors that offset downturns in energy stocks …

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OMB Director Sylvia Burwell Nominated to Lead HHS, Oversee Obamacare Implementation as Kathleen Sebelius Ends Term

President Barack Obama has selected Sylvia Burwell, current director of the Office of Management and Budget, as his choice to be the next secretary of the Department of Health and Human Services, after the White House announced Kathleen Sebelius would be leaving that post. Burwell, a veteran of the Bill …

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Northrop Elects Former Wal-Mart EVP, CFO Thomas Schoewe to Board of Directors; CEO Bush Comments

Northrop Grumman (NYSE: NOC) has elected Thomas M. Schoewe, former executive vice president and chief financial officer of Wal-Mart Stores Inc., to its board of directors. Schoewe served those roles between 2000 and 2010. He previously was senior vice president and CFO for Black and Decker Corp. Schoewe also serves …

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