Wal-Mart Stores Inc said on Tuesday that it has created a new global position to oversee compliance with a U.S. law that forbids bribes to foreign officials as it grapples with a bribery scandal that has led to more than $10 billion being cut from its market value.
Wal-Mart Stores Inc said on Tuesday that it has created a new global position to oversee compliance with a U.S. law that forbids bribes to foreign officials.
Stocks fell on Monday as political turmoil in Europe cast doubts on the euro zone's ability to push through measures to end its debt crisis and as Wal-Mart sank following a report it stymied a bribery probe.
Two Democratic lawmakers on Monday said they are launching an investigation into allegations of bribery at Wal-Mart Stores Inc's Mexican affiliate.
U.S. stocks fell more than 1 percent on Monday as political turmoil in Europe cast doubts on the bloc's ability to push through measures to end its debt crisis and as Wal-Mart sank following a report it stymied a bribery probe.
Mexican lawmakers called on authorities on Monday to investigate allegations of bribery at the Mexico unit of Wal-Mart Stores Inc, even though prosecutors said it may not be a federal matter.
The sinking of Wal-Mart's stock after the Mexican Bribery Scandal, cost the retail powerhouse $4.5 Billion. The loss comes after its investors watched as the companies Mexican subsidiary tried to cover up accusations of corruption in their growth practices.
Stocks slid on Monday as resurgent uncertainty in Europe cast doubts on the bloc's ability to push through measures to end its debt crisis, while Wal-Mart weighed on the Dow after a report it stymied a probe into bribery allegations.
Stocks fell more than 1 percent on Monday as renewed anxiety over Europe's economy and the region's debt crisis spurred profit-taking, while Wal-Mart weighed on the Dow after a report it stymied a probe into bribery allegations.
Stock index futures pointed to a sharply lower open on Monday on weak European data and renewed anxiety over how the region would tackle its debt crisis, while Wal-Mart slumped after a report it stymied a probe into bribery allegations.
Stock index futures pointed to a sharply lower open on Monday on weak European data and renewed anxiety over how the region would tackle its debt crisis, while Wal-Mart slumped after a report it stymied a probe into bribery allegations.
Stock index futures slid on Monday on renewed anxiety over how Europe would tackle its sovereign debt crisis while Wal-Mart shares fell after a report about a stymied probe into bribery allegations.
Wal-Mart Stores Inc shares were down 2.3 percent in early premarket trading on Monday following a weekend news report that the world's largest retailer stymied a probe into bribery at its Mexican affiliate, Wal-Mart de Mexico.
New York Times says Wal-Mart suppressed an investigation into an extensive bribery campaign carried out by top executives of its Mexican subsidiary
Wal-Mart Stores Inc Chief Executive Mike Duke earned $18.1 million last year, down from $18.7 million a year earlier, as the company's operating income and sales growth fell short of goals.
Stocks rose on Monday on better-than-expected retail sales, but concerns about Spain's rising bond yields kept gains in check and a slide in Apple pushed the Nasdaq lower.
Wal-Mart Stores Inc Chief Executive Mike Duke earned $18.1 million last year, down from $18.7 million in the previous year, as sales growth at the world's largest retailer fell short of its goals.
Wal-Mart Stores Inc is focused on improving results in China and other foreign countries where it already operates, rather than on entering new markets, its top international executive said on Thursday.
An Austin, Texas police officer was fatally shot early Friday at a Walmart.
In a new twist to the class claims lawsuit against India-based conglomerate Larsen & Toubro and its U.S. subsidiary L&T Infotech, an amended complaint has been filed to include yet another former female employee of the company who has alleged gender and pregnancy discrimination, and has also outlined in detail massive immigration violations that the company was indulging in.
Best Buy has fallen on hard times in a sluggish economy, suffering a dismal drop in sales and an overall $1.2 billion loss over the last fiscal year. The electronics giant announced Thursday that it will close 50 stores and cut 400 jobs at its Richfield, Minn., corporate headquarters, hoping to save $800 million over the next three years in order to stay afloat.
Best Buy Co Inc announced Thursday that due to a mulish slither in sales at its US stores, the company decided to close 50 big box stores and cut as much as 400 jobs at its corporate headquarters in Richfield, Minnesota.
