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Sharper Image Corp. and Lillian Vernon Corp., two financially troubled catalogers, have filed for bankruptcy protection.

CMGI Inc., a supply chain management services firm, will acquire Open Channel Solutions Inc. for $24.5 million.

Brookstone posted net income of $34.2 million for the fourth quarter, a slight increase over net income of $34.1 million the prior year.

The U.S. Postal Service has certified EcoEnvelopes' reusable envelopes as fit for use in the mail.

Quebecor World Inc. has had the proceedings of its restructuring extended from Feb. 20 to May 12. The order, which was issued by the Superior Court Commercial Division for the Province of Quebec, District of Montreal, also relieves the company of having to convene its annual shareholders

Martha Stewart Living Omnimedia generated fourth quarter revenue of $118.5 million, up from $97 million in fourth-quarter 2006. The company

APAC Customer Services Inc. generated $61.7 million during fourth-quarter 2007, up from $56.1 million a year earlier. The company reported a net loss of $1.9 million, compared with a net loss of $24 million a year earlier.

Rodale Inc., has appointed John McCarthy vice president of Rodale Direct for Women's Health, Best Life, Runner's World, Running Times, Bicycling, and Mountain Bike, effective immediately.

Palumba

Pay-for-performance marketing services firm ValueClick has agreed to pay $2.9 million to the government to settle deceptive advertising charges brought by the Federal Trade Commission, the company announced last week.