No action over chatroom scandal

AUSTIN, TEXAS: Whole Foods Market has said it is to face no action over its chief executive's anonymous chatroom postings. Between 1999 and 2006, John Mackey anonymously talked up Whole Foods Market and suggested a rival, Wild Oats Markets, might fall into bankruptcy. Last year, Whole Foods Market bought Wild Oats Markets for $565m. An investigation by the US Securities and Exchange Commission has now been concluded no action be taken. An internal investigation at Whole Foods Market was completed in October with a vote of confidence among the board for Mackey's leadership. Mackey apologised for the postings.