- The world's third-largest employer suffered a damaged reputation in the wake of its mismanagement of security in London, but it may keep growing all the same. It has always done so.
- Not only did this represent a grave violation of fair trade practices, but it also smacked of a naked ploy to consolidate their political bases (who, no doubt, agree with their views anyway).
- The Merchants Payments Coalition (MPC), which represents retailers, says the fees levied on American supermarkets, stores and gas stations by Visa and MasterCard are up to three times more than in other parts of the world, inflating prices for U.S. consumers.
- The hefty $7.25 billion settlement that Visa and MasterCard have agreed to, in response to a 2005 class action lawsuit over credit card swipe fees, will disadvantage retailers further and restrict consumer spending in an economy that relies heavily on credit card use and personal expenditure.
- Wal-Mart, in a bid to protect consumers, said it was not happy with the proposed $7.25 billion retailers' settlement with Visa Inc., and MasterCard Inc., over interchange and processing fees to cover credit and debit card payments.
- The world's largest retailer said the $7.2 billion settlement was not enough to fix a broken system, according to Reuters.
Facebook’s Mark Zuckerberg To Meet With Wal-Mart Inc’s Mike Duke In Arkansas To Discuss Strategy To ‘Deepen’ Relations Between The CompaniesMark Zuckerberg , CEO of Facebook Inc is expected to meet with Wal-Mart Stores Inc.'s CEO Mike Duke this Friday in Bentonville, Arkansas to discuss strategy to deepen relations between both the companies.
- After an Internet prank campaign, the Give Me Everything and Back in Time rapper is headed to Kodiak, Alaska for a Walmart promotional event.
- An animal rights campaign underscores the power activists have to pressure companies to stop using inhumane suppliers.
- A giant flash mob wreaked havoc at a Wal-Mart store on Tuesday by destroying merchandise and terrorizing customers, according to the Orlando Sentinel.
- China's double-digit growth rate during the financial crisis has been the envy of the world and most people agree that we may have seen the last of the country's miraculous growth. So yes, China's growth is slowing. However, it's too early to get all pessimistic.
- What do you do with an abandoned Wal-Mart in the middle of a sea of concrete? Turn it into an award-winning library and community center, of course.
- Even though Rinehart's fortune is now more than ten times that of Oprah Winfrey, few outside her native Australia have ever heard of her.
- Only 8 of 100 top U.S. retailers have maintained double-digit sales growth for the previous two years, during a time of jobless recovery and staggered consumer confidence. And the winners are. . .
- Health insurance providers say they are prepared for the U.S. health care system changes upheld Thursday by the U.S. Supreme Court.
- Apple Inc. (Nasdaq: AAPL), the largest company on earth by stock-market value, again took the top spot in Barron's annual survey of corporate respect.
- The National Guestworker Alliance said Tuesday it has uncovered 482 federal citations for safety, health, wage and hour violations, among 12 of the 18 suppliers of Wal-Mart Stores Inc. (NYSE: WMT) that the organization has been investigating.