The Ticker

Apple buys company that developed Kinect

Apple could be getting into the 3-D sensor game, as it has picked up a company used by rival Microsoft.

Apple confirmed that it has bought PrimeSense, the company behind Microsoft's Kinect sensor device.

PrimeSense also confirmed the sale, though the price has not been revealed.

Wal-Mart names new CEO

Wal-Mart Stores Inc. said yesterday that Doug McMillon, head of its international business, will replace Mike Duke as chief executive officer when he retires as the world's largest retailer struggles to ignite growth at home and abroad.

McMillon, 47, will take over for Duke on Feb. 1, the Bentonville, Ark.-based company said. Duke, 63, will stay on as chairman of the board's executive committee, and McMillon will join the board immediately.

McMillon, who first worked at Wal-Mart as a summer employee in 1984, is grabbing the reins as the retailer tries to restore U.S. sales growth with Amazon.com Inc. and dollar stores luring away its customers.

Today

• Commerce Department releases housing starts for September and October.
• Commerce Department releases third-quarter gross domestic product.
• Standard & Poor's releases S&P/Case-Shiller index of home prices for September and the third quarter.
• The Conference Board releases the Consumer Confidence Index for November.

TOMORROW

• Commerce Department releases durable goods for October.
• Commerce Department releases personal income and spending for October.
• Labor Department releases weekly jobless claims.
• Freddie Mac, the mortgage company, releases weekly mortgage rates.

Kirkland Albrecht & Fredrickson LLC, one of the leading CPA firms in the Boston area, announces that Jennifer Frazier has joined the company as a staff accountant. In this role, she will assist with audit engagements, including bank reconciliations and the preparation of trial balances and financial statements.

L CVS Caremark announced that Helena Foulkes, recently chief of health care strategy and marketing officer, has been named president of CVS/Pharmacy effective Jan. 1.

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