Wal-Mart Stores said on Friday its board approved a new $15 billion stock repurchase program, the first in two years.
Following the report, company's stock ticked higher in trade on Friday. (Click here to track Wal-Mart's shares.)
As of June 6, Wal-Mart, the world's largest retailer, had about $712 million remaining under a $15 billion program announced in June 2011.
The repurchase plan was announced by Chief Financial Officer Charles Holley at Wal-Mart's annual meeting. The company did not announce a repurchase program at the 2012 meeting. At that time it still had $9.7 billion remaining under the 2011 plan.
American Apparel appointed veteran fashion executive Paula Schneider as CEO, effective Jan. 5.
A man walked into a Walmart and donated $50,000 to pay off all customer layaway accounts in Mechanicsburg, Pa. USA Today reports.
McDonald's in Japan is limiting the portions of fries as potato stocks run short due to labor disruptions.
Those who fell for Cards Against Humanity's Black Friday promotion, received exactly what they paid for: literal cow droppings.
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