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Wal-Mart Stores CEO and President Mike Duke plans to step down Feb. 1. The company says Doug McMillon, head of international operations, will succeed him.
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Read More »Wal-Mart says loss likely from bribery probe
NEW YORK — Wal-Mart Stores Inc. said it is ‘probable’ that the world’s largest retailer will incur a loss due to ongoing bribery investigations by itself and government agencies, but it says it is too early to speculate on the ...
Tagged with: bribery Business Government Mexico Retail SEC securities and exchange commission Stocks Wal-mart Wal-Mart Stores Inc.
Read More »Judge in no rush to hear Wal-Mart bribery lawsuit
WILMINGTON, Del. — A Delaware judge has chastised attorneys for two large public employee retirement systems for rushing to court with lawsuits over allegations of bribery involving Wal-Mart Stores Inc.’s operations in Mexico. The judge on Monday denied competing motions ...
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Read More »Wal-Mart’s 4Q results show rebounding U.S. business
NEW YORK — Wal-Mart Stores Inc.’s low-cost strategy during the holidays both helped and hurt its performance in the fourth quarter: The world’s largest retailer reported an almost 15 percent decline in profit, but its namesake U.S. business continued to ...
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Read More »Retailers to bring fresh produce to 1,500 places
WASHINGTON — Michelle Obama’s campaign against childhood obesity moved a step forward Wednesday with the announcement that Wal-Mart and other retailers plan over the next five years to open or expand 1,500 stores in areas without easy access to fresh ...
Tagged with: grocery stores michelle obama Retail retailers vegetables Wal-mart Wal-Mart Stores Inc. white house
Read More »Wal-Mart remains atop Fortune 500 list
NEW YORK — Wal-Mart Stores Inc. remains atop the Fortune 500 list even as it struggled to keep its U.S. customers coming in the door. The world’s largest retailer held onto the top spot for the second year in a ...
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Read More »Wal-Mart’s 4Q profit rises; U.S. sales still slump
NEW YORK — Wal-Mart Stores Inc. reported a 27 percent increase in fourth-quarter net income as the world’s largest retailer benefited from cost-cutting and strong sales overseas. But a key revenue measure in the company’s U.S. business fell for the ...
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