Articles by Wal-Mart

  • Wal-Mart Leaves ALEC, 22nd Company To Exit Conservative Lobbying Group

    May 31 2012 4:11 PM

    Wal-Mart Stores Inc., the No. 1 U.S. retailer, said it had quit the American Legislative Exchange Council (ALEC), a Washington, D.C.-based group that lobbies for conservative laws in state legislatures.

  • Tough Times: The Gray Lady Fights Wall Street, Employees And Its Own Bad Press

    May 31 2012 3:42 PM

    On a Friday afternoon in March, the New York Times Company (NYSE: NYT) disclosed to the Securities and Exchange Commission that it would pay Janet Robinson, its recently fired CEO and a 28-year veteran of the company, a severance package of around $23.7 million.

  • The Fine Art Of Disruption: How Lorenzo Thione Evolved From 'Bing' To 'Artify It'

    May 26 2012 12:02 PM

    Lorenzo Thione believes in fate and approaches the world with a somewhat self-confident naivete. This outward optimism comes across most clearly when he talks about his new business: He wants to be an artist among the artists, unchaining fine art from wealthy collectors and setting it free among the hoi polloi.

  • Gina Rinehart Named ?World?s Richest Woman,? Australian Mining Tycoon Makes Over $1 Million Every 30 Minutes

    May 23 2012 4:01 PM

    Business Review Weekly named Australian mining tycoon Gina Rinehart the World's Richest Woman, surpassing Wal-Mart heiress Christy Walton.

  • CalSTRS Pension Fund To Vote Against Wal-Mart Board

    May 22 2012 3:41 PM

    The second largest public pension fund said on Tuesday it plans to vote all of its Wal-Mart Stores Inc shares against the entire board in the wake of bribery allegations in Mexico that Wal-Mart officials failed to fully investigate.

  • It's Not Our Debt, So Let's Not Pay It

    May 21 2012 11:34 AM

    During my many years of following American political thought, one overwhelming truth has emerged: There is nothing as powerful as an idea (be it intelligent or stupid) whose time has come.

  • Spain, Greece Spur Fear, Boosting US Dollar, Bonds: Daily Markets Wrap

    May 17 2012 4:10 PM

    European stocks lost big Thursday as Greek banks were cut loose from European Central Bank support and Spain's borrowing costs kept skyrocketing. The head of the International Monetary Fund, Christine Lagarde, also warned today of the extremely expensive consequences of Greece leaving the currency bloc.

  • Daily Trading Outlook FX, Gold, Oil, Equities

    May 17 2012 9:53 AM

    JPMorgan Chase & Co. (JPM) declined 0.9 percent to pace losses in financial companies. Limited Brands Inc., owner of the Victoria's Secret lingerie chain, slid 2 percent amid disappointing forecasts. Wal-Mart Stores Inc. (WMT), the largest retailer, rose 3.1 percent as earnings beat projections. Sears Holdings Corp. (SHLD), the retailer controlled by hedge fund manager Edward Lampert, added 8.1 percent after reporting a profit.

  • Pre-Market Movers (Wal-Mart, Electronic Arts, Limited Brands, JP Morgan Chase, JC Penney, Herbalife, Millennial Media)

    May 17 2012 8:17 AM

    The companies whose shares are moving in pre-market trade Thursday are: Millennial Media, Herbalife, International, Cameco Corp, J.C. Penney, Wal-Mart Stores, Wal-Mart Stores, Limited Brands and JPMorgan Chase & Co.

  • Wal-Mart Posts Strong Profit As U.S. Sales Jump

    May 17 2012 7:28 AM

    Wal-Mart Stores Inc. posted a better-than-expected quarterly profit on Thursday as its Wal-mart U.S. division showed a 2.6 percent rise in sales at stores open at least a year, as warm weather and an earlier Easter enticed shoppers to spend.

  • US Futures Flat Thursday

    May 17 2012 7:03 AM

    Futures on major U.S. indices point to a flat opening on Thursday ahead of economic data including weekly jobless claims

  • Donnell Battie Sues Wal-Mart For $1 Million After 'All Black People Must Leave The Store' Announcement

    May 16 2012 11:48 AM

    Donnell Battie from Winslow, N.J. is seeking $1 million in punitive damages from Wal-Mart after he said he was traumatized by a public address announced that said Attention, Wal-Mart customers. All black people must leave the store.

  • Best Buy Chairman To Resign After Probe Into Former CEO

    May 14 2012 1:10 PM

    Best Buy Co. (NYSE: BBY), the troubled electronics retailer, said Monday founder Richard Schulze was resigning as chairman and would be replaced by director Hatim Tyabji, after Schulze didn't tell the board that former CEO Brian Dunn was having an inappropriate relationship with a female employee.

  • 33 Key Earnings Reports To Watch This Week, May 14-18

    May 11 2012 11:36 AM

    The earnings calendar for the week ahead will be comparatively light, but a number of bellwether companies will be reporting results.

  • Wedding Industry Hits Major Recession

    May 07 2012 4:23 PM

    According to Fox News, the percent of married households in the United States fell to 48.4 percent in 2010, down from 55.2 percent in 1990 and 78 percent in 1960. This is the lowest in recorded history for our country.

  • Buffett's Buying Stocks Amid Market's Dip

    May 07 2012 9:12 AM

    Berkshire Hathaway Inc is adding to its shareholdings of two U.S. companies amid a market dip, billionaire investor Warren Buffett said on Monday.

  • In India, Hillary Clinton Pitches For FDI In Retail And More Cuts In Iranian Oil

    May 07 2012 7:16 AM

    US Secretary of State Hillary Clinton Monday pitched for the opening up of the Indian retail market for foreign direct investment (FDI) and asked the government to do more on Iran oil cuts.

  • CalSTRS Sues Wal-Mart Over Mexico Bribery Allegations

    May 04 2012 11:05 AM

    The California State Teachers' Retirement System (CalSTRS) is suing Wal-Mart Stores Inc. (NYSE: WMT), accusing leaders of the world's biggest retailer of not upholding the best interest of shareholders by quashing an investigation of bribery of public officials by its Mexican subsidiary.

  • Happy Star Wars Day: 5 Ways To Celebrate May The Fourth

    May 04 2012 10:36 AM

    It's May the Fourth. You know what that means, Star Wars fans. Happy Star Wars Day!

  • Morning Cattle Market Report

    May 04 2012 9:55 AM

    The cattle market traded sharply higher during yesterday's session, as many traders feel the market was strengthened by news that Wal-Mart may expand their use of choice beef going into the summer. Wal-Mart expanded to include choice beef last year and as they expand, some traders feel that the total short-term pipeline for beef will increase and lead to stronger beef demand. Ideas that consumer demand will improve during the next few weeks going into the most active weekend demand period of ...