- 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.
- 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.
- 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 MinutesBusiness Review Weekly named Australian mining tycoon Gina Rinehart the World's Richest Woman, surpassing Wal-Mart heiress Christy Walton.
- 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.
- 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.
- 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)The companies whose shares are moving in pre-market trade Thursday are: Millennial Media, Herbalife, Ctrip.com International, Cameco Corp, J.C. Penney, Wal-Mart Stores, Wal-Mart Stores, Limited Brands and JPMorgan Chase & Co.
- 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.
Donnell Battie Sues Wal-Mart For $1 Million After 'All Black People Must Leave The Store' AnnouncementDonnell 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 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.
- The earnings calendar for the week ahead will be comparatively light, but a number of bellwether companies will be reporting results.
- 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.
- 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.
- It's May the Fourth. You know what that means, Star Wars fans. Happy Star Wars Day!
- 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 ...