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Bloomberg News

* Office Depot Inc. said it named Bruce Nelson chief executive, replacing David Fuente, as the biggest U.S. office-supply retailer aims to increase sales and profit and boost its share price. Nelson, 55, was president of Office Depot’s international business and led its Viking office-products unit since the company acquired Viking Office Products Inc. in 1998. Fuente will remain as nonexecutive chairman. Office Depot’s shares have fallen more than 66% in the last year. Shares of Delray Beach, Fla.-based Office Depot closed up 25 cents at $6.63 on the NYSE.

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