Articles tagged with mart

Mon, May 21, 2012

U.S. lawmakers frustrated in Wal-Mart corruption probe

By Aruna Viswanatha

WASHINGTON (Reuters) - U.S. lawmakers investigating Wal-Mart Stores Inc for alleged bribery in Mexico are frustrated by the lack of cooperation ...

Thu, May 17, 2012

U.S. lawmakers seek info in Wal-Mart corruption probe

By Aruna Viswanatha

WASHINGTON (Reuters) - Two U.S. lawmakers sought additional information from Wal-Mart Stores Inc in an unfolding corruption investigation, focusing further congressional ...

Thu, May 17, 2012

Strong Wal-Mart profit trumps bribery probe concerns

By Jessica Wohl

(Reuters) - Wal-Mart Stores Inc's profit and sales surpassed expectations as more people shopped at its established U.S. stores and ...

Tue, May 15, 2012

Wal-Mart results could move investors past bribe probe

By Jessica Wohl

(Reuters) - Wal-Mart Stores Inc will try to get investors' minds back on business and away from a Mexican bribery scandal, and ...

Fri, May 11, 2012

Corporate monitor may be in Wal-Mart's checkout lane

By Jeremy Pelofsky

WASHINGTON (Reuters) - Retail giant Wal-Mart Stores Inc, faced with allegations that its Mexican unit paid $24 million in bribes to accelerate ...

Thu, May 10, 2012

Wal-Mart focused on existing Africa markets

ADDIS ABABA (Reuters) - Wal-Mart Stores Inc , is focused on strengthening its existing operations in Africa and not immediate expansion into new markets on the ...

Fri, May 04, 2012

CalSTRS says Wal-Mart top leadership in question

By Brad Dorfman and Tom Hals

(Reuters) - The second-largest U.S. public pension fund said that allegations of bribery in Mexico and a cover-up ...

Fri, May 04, 2012

Calsters says Wal-Mart top leadership in question

By Brad Dorfman

(Reuters) - The second largest U.S. public pension fund on Thursday said that allegations of bribery in Mexico and a cover ...

Fri, May 04, 2012

EBay, Wal-Mart search for revved-up search engines

By Alistair Barr

SAN FRANCISCO (Reuters) - EBay Inc and Wal-Mart Stores Inc are developing new Web search engines to better compete against Amazon.com ...

Thu, May 03, 2012

California pension fund sues Wal-Mart, alleges bribery

By Jim Christie

SAN FRANCISCO (Reuters) - The second largest U.S. public pension fund said on Thursday it had sued current and former executives ...

Tue, May 01, 2012

Wal-Mart says last two employees in pork scandal released

HONG KONG (Reuters) - Authorities in Chongqing in southwest China have released the last two employees of Wal-Mart Stores Inc who were detained over a ...

Tue, May 01, 2012

Wal-Mart to pay $4.8 million in unpaid overtime

(Reuters) - Wal-Mart Stores Inc agreed to pay $4.8 million in back wages and damages to thousands of employees for unpaid overtime after a ...

Tue, May 01, 2012

New York pension funds to vote against 5 Wal-Mart directors

(Reuters) - A group of New York City pension funds will vote their 4.7 million shares against five Wal-Mart directors following reports senior executives ...

Fri, April 27, 2012

Wal-Mart employee starts petition for CEO's ouster

By Brad Dorfman

(Reuters) - A deli manager at a Walmart store has started an online petition calling for the resignations of the retailer's ...

Thu, April 26, 2012

Mexico attorney general starts Walmex probe

By Anahi Rama

MEXICO CITY (Reuters) - Mexican authorities turned up the heat on Wal-Mart Stores Inc's operations in the country, with the attorney ...

Wed, April 25, 2012

Mexico president "very indignant" about Wal-Mart case

MEXICO CITY (Reuters) - Mexican President Felipe Calderon said on Wednesday that allegations the Mexican unit of Wal-Mart Stores Inc sought to bribe officials in ...

Wed, April 25, 2012

Wal-Mart: No tie between lobbyists and bribery case

By David Ingram

WASHINGTON (Reuters) - Wal-Mart Stores Inc pushed back on Wednesday against suggestions that its lobbyists tried to scale back a U.S ...

Wed, April 25, 2012

Analysis: In Wal-Mart probe, a "black box" of possible fines

By Jeremy Pelofsky and Carlyn Kolker

(Reuters) - Wal-Mart Stores Inc may not find the math easy when it tries to assess the potential criminal ...

Wed, April 25, 2012

Mexico starts investigation in Wal-Mart bribery case

By Miguel Gutierrez and Elinor Comlay

MEXICO CITY (Reuters) - Mexico said on Wednesday it would open an investigation into allegations that the Mexican unit ...

Wed, April 25, 2012

Wal-Mart shareholder sues over bribery scandal

WILMINGTON, Del (Reuters) - A shareholder sued the board and several officers of Wal-Mart Stores Inc on Wednesday over allegations that the company's Mexican ...

Wed, April 25, 2012

Wal-Mart reveals lawyers, accountants on FCPA issues

By Jessica Wohl

(Reuters) - Wal-Mart Stores Inc said on Wednesday that it named a former attorney earlier this year to oversee global compliance with ...

Tue, April 24, 2012

Mexican states say no plans to probe Wal-Mart allegations

MEXICO CITY (Reuters) - Nearly half of Mexico's state prosecuting authorities said on Tuesday they had no immediate plans to investigate allegations of corruption ...

Tue, April 24, 2012

Wal-Mart's Castro-Wright quits MetLife board

(Reuters) - Embattled Wal-Mart vice chairman Eduardo Castro-Wright has resigned from the board of MetLife, the largest life insurer in the United States, the company ...

Tue, April 24, 2012

Wal-Mart appoints global anti-bribery watchdog

By Brad Dorfman

(Reuters) - Wal-Mart Stores Inc said on Tuesday it has appointed a global officer to oversee compliance with a U.S. law ...

Mon, April 23, 2012

CalSTRS says holding onto Wal-Mart shares for now

By Sam Forgione

(Reuters) - The California State Teachers' Retirement System (CalSTRS), which currently holds over 5.5 million shares of Wal-Mart Stores, will maintain ...

Mon, April 23, 2012

U.S. lawmakers launch Wal-Mart bribery investigation

(Reuters) - Two Democratic lawmakers on Monday said they are launching an investigation into allegations of bribery at Wal-Mart Stores Inc's Mexican affiliate.

Representative ...

Mon, April 23, 2012

Mexico presidential candidate calls for Wal-Mart probe

By Elinor Comlay and Anahi Rama

MEXICO CITY (Reuters) - The front-running candidate for Mexico's presidency and lawmakers on Monday called on authorities to ...

Mon, April 23, 2012

Wal-Mart shares fall 4.7 percent after bribery allegations

(Reuters) - Wal-Mart Stores Inc shares fell 4.7 percent in early trading on concerns that an investigation into allegations of bribery at its Mexican ...

Mon, April 23, 2012

S&P 500 rallies for week on Amazon, Expedia results

By Caroline Valetkevitch

NEW YORK (Reuters) - U.S. stocks advanced on Friday and posted their best weekly gains in a month as stronger-than-expected earnings ...

Sun, April 22, 2012

Wal-Mart shaken by bribery probe, shares plunge

By Jessica Wohl and Elinor Comlay

CHICAGO/MEXICO CITY (Reuters) - Wal-Mart Stores Inc lost $10 billion of its market value on Monday on concerns ...

Sat, April 21, 2012

Wal-Mart silenced Mexican bribe inquiry

By Nivedita Bhattacharjee

(Reuters) - Wal-Mart Stores Inc, the world's largest retailer, squelched an internal investigation into allegations of bribery at its Mexican subsidiary ...

Mon, April 16, 2012

Wal-Mart CEO earned less on income, sales results

By Jessica Wohl

(Reuters) - Wal-Mart Stores Inc Chief Executive Mike Duke earned $18.1 million last year, down from $18.7 million a year ...

Mon, April 16, 2012

Wal-Mart CEO's compensation dipped last year

(Reuters) - Wal-Mart Stores Inc Chief Executive Mike Duke earned $18.1 million last year, down from $18.7 million in the previous year, as ...

Wed, April 11, 2012

Target to test Wal-Mart's mettle in Canada

By Allison Martell and Jessica Wohl

TORONTO/CHICAGO (Reuters) - With Target Corp opening its doors in Canada next spring, Wal-Mart Stores Inc is likely ...

Thu, April 05, 2012

Analysis: Cautious Wal-Mart missing out on Russia's retail boom

By Maria Kiselyova

MOSCOW (Reuters) - Retailer Wal-Mart Stores Inc has let caution thwart its ambitions in Russia, and will find profits harder to come ...

Wed, March 21, 2012

Wal-Mart to offer Angry Birds merchandise, clues

By Georgina Prodhan

LONDON (Reuters) - The maker of the hit mobile game Angry Birds has struck a deal with Wal-Mart Stores Inc to embed ...

Fri, March 09, 2012

Wal-Mart wins final go-ahead for Massmart deal

By Tiisetso Motsoeneng and Wendell Roelf

CAPE TOWN (Reuters) - A South African court on Friday largely dismissed an appeal from government and unions to ...

Wed, March 07, 2012

Wal-Mart to use more self-checkout lanes

(Reuters) - Wal-Mart Stores Inc will add more self-checkout lanes at Walmart and Sam's Clubs stores as it continues to look for ways to ...

Tue, March 06, 2012

Analysis: Wal-Mart's price push tests manufacturers' prowess

By Martinne Geller and Jessica Wohl

NEW YORK/CHICAGO (Reuters) - Consumer staples companies have a problem. It costs more to make everything from soup ...

Thu, March 01, 2012

Wal-Mart raises dividend nearly 9 percent

By Jessica Wohl

(Reuters) - Wal-Mart Stores Inc raised its annual dividend by 8.9 percent on Thursday, as momentum in the company's key ...

Fri, February 24, 2012

Wal-Mart inks deal for first L.A. Neighborhood Market

LOS ANGELES (Reuters) - Wal-Mart Stores Inc has signed a deal for its first Neighborhood Market grocery store in Los Angeles, the world's biggest ...

Tue, February 21, 2012

Wal-Mart holiday price cuts hit profits

By Jessica Wohl

(Reuters) - Wal-Mart Stores Inc's price cuts hurt its fourth-quarter profit, reminding investors that steps the world's largest retailer is ...

Fri, January 27, 2012

Wal-Mart puts U.S. marketing under merchandising

By Jessica Wohl

(Reuters) - Wal-Mart Stores Inc said on Friday that its U.S. marketing team would now work under the leadership of its ...

Thu, January 26, 2012

Wal-Mart plans to sell new drink machine: report

NEW YORK (Reuters) - Wal-Mart Stores Inc plans to start selling a new single-serve beverage maker, according to an analyst report on Thursday, sending shares ...

Fri, January 20, 2012

Wal-Mart promotes woman to run Sam's Club

By Jessica Wohl

(Reuters) - Wal-Mart Stores Inc on Friday named Rosalind Brewer president and chief executive of its Sam's Club warehouse retail chain ...

Tue, January 17, 2012

Wal-Mart seeks end to refiled gender-bias lawsuit

By Dan Levine

SAN FRANCISCO (Reuters) - Women who refiled a gender discrimination lawsuit against Wal-Mart Stores Inc have failed to come to grips with ...

Mon, January 16, 2012

Wal-Mart names head of global eCommerce business

(Reuters) - Wal-Mart Stores Inc on Sunday named Neil Ashe as the new president and chief executive of its global eCommerce business as the world ...

Mon, January 09, 2012

Wal-Mart v. Dukes shakes up employment class actions

By Andrew Longstreth

(Reuters) - The Supreme Court's decision in Wal-Mart v. Dukes, heralded last term as a game-changer in employment class actions, has ...

Thu, December 22, 2011

Baby Formula Made in Zeeland Pulled from Wal-Mart Stores After Infant Death

ZEELAND,MI (WHTC) - A batch of baby formula pulled from Wal-Mart shelves nationwide this week after the death of an infant inMissouriwas made at ...

Wed, December 21, 2011

Wal-Mart throws weight behind online entrepreneurs

By Alistair Barr

SAN FRANCISCO (Reuters) - Wal-Mart Stores Inc has turned to a small group of technology entrepreneurs to help the world's largest ...

Thu, December 08, 2011

Wal-Mart says began internal probe on its activities overseas

(Reuters) - Wal-Mart Stores Inc said in a securities filing that it has begun an internal investigation to determine if some of its employees had ...

Thu, December 08, 2011

Wal-Mart's rebound puts holiday pressure on rivals

By Jessica Wohl

NEW YORK (Reuters) - Wal-Mart Stores Inc is having a jolly holiday season, which means rival retailers might find lumps of coal ...

Tue, November 29, 2011

Nintendo wants to keep up Black Friday momentum

By Liana B. Baker

NEW YORK (Reuters) - After a strong Black Friday showing, Nintendo now has to focus on maintaining the momentum for its ...

Tue, November 15, 2011

Wal-Mart profit below forecasts despite better sales

By Jessica Wohl

(Reuters) - Wal-Mart Stores Inc's decision to absorb most of the rising food costs for its stressed U.S. shoppers and ...

Fri, October 14, 2011

Wal-Mart's pork scandal highlights struggles in China

By Melanie Lee

SHANGHAI (Reuters) - Wal-Mart's latest troubles in China involving mislabeling of its pork products reflect the retail giant's struggles in ...

Thu, October 13, 2011

Insight: Wal-Mart moms - The election pollsters' new favorites

By Chris Taylor

(Reuters) - Laura Bartlett doesn't think of herself as the key to the 2012 elections. She's a bank employee, mother ...

Wed, October 12, 2011

Wal-Mart U.S. stores start to show a rebound

By Jessica Wohl

(Reuters) - Wal-Mart Stores Inc is seeing sustained improvement at its U.S. discount chain after a sales slump that lasted more ...

Mon, October 10, 2011

Wal-Mart, Facebook unveil partnership

(Reuters) - Wal-Mart Stores Inc and Facebook Inc unveiled a partnership on Tuesday to help the world's largest retailer connect customers with its local ...

Fri, October 07, 2011

Wal-Mart must finally show a U.S. rebound

By Jessica Wohl

(Reuters) - Wal-Mart Stores Inc's international business is growing. Its Sam's Club warehouse unit shines. Its expanding online operation is ...

Wed, October 05, 2011

Wal-Mart goes back to basics in holiday toy aisles

By Phil Wahba

NORTH BERGEN, New Jersey (Reuters) - Wal-Mart is taking cues from shoppers who have asked for more time to buy for the ...

Tue, September 27, 2011

Wal-Mart vice chairman to retire

(Reuters) - Wal-Mart Stores Inc is losing two top e-commerce executives at a time the world's largest retailer is trying to step up online ...

Tue, September 13, 2011

Wal-Mart aims to train and do more work with women

By Jessica Wohl

CHICAGO (Reuters) - Wal-Mart Stores Inc will double the money it spends with women-owned businesses, train women around the world and push ...

Thu, September 08, 2011

Wal-Mart hires former head of Russia's X5 as VP

CHICAGO (Reuters) - Wal-Mart Stores Inchas appointed Lev Khasis, the former head of Russia's biggest food retailer X5, as a senior vice-president, a company ...