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Wal-Mart Stores Inc

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  • WASHINGTON, March 2- Janet Yellen's premium on consensus may lead to a Federal Reserve decision the chair hasn't yet endorsed, as a near majority aligns in favor of a possible June interest rate hike. The five members of the Fed's Washington- based board of governors, including Yellen, have spoken less definitively, though governors including Jerome Powell have...

  • Final Glance: Big-box Retail companies Friday, 27 Feb 2015 | 6:02 PM ET

    Costco Wholesale Corp. rose$. 31 or. 2 percent, to $146.96. Target fell$. 07 or. 1 percent, to $76.83. Wal-Mart Stores Inc. rose$. 13 or. 2 percent, to $83.93.

  • Midday Glance: Big-box Retail companies Friday, 27 Feb 2015 | 1:25 PM ET

    NEW YORK— Shares of some top big-box retail companies are mixed at 1 p.m.:. Costco Wholesale Corp. fell$. 12 or. 1 percent, to $146.53. Wal-Mart Stores Inc. fell$. 13 or. 2 percent, to $83.67.

  • Early Glance: Big-box Retail companies Friday, 27 Feb 2015 | 11:10 AM ET

    NEW YORK— Shares of some top big-box retail companies are mixed at 10 a.m.:. Costco Wholesale Corp. fell$. 60 or. 4 percent, to $146.05. Wal-Mart Stores Inc. rose$. 03 or percent, to $83.83.

  • US economic growth in Q4 revised down to 2.2 percent Friday, 27 Feb 2015 | 8:34 AM ET

    WASHINGTON— The U.S. economy slowed more sharply in the final three months of the year than initial estimates, reflecting weaker business stockpiling and a bigger trade deficit. The Commerce Department said Friday that the economy as measured by the gross domestic product grew at an annual rate of 2.2 percent in the October-December quarter, weaker than the...

  • Ahead of the Bell: US economy-GDP Friday, 27 Feb 2015 | 6:56 AM ET

    WASHINGTON— The Commerce Department issues its second of three estimates of how fast the U.S. economy grew in the October-December quarter. The report will be released Friday at 8:30 a.m. Eastern. SLOWER GROWTH: The expectation is that the overall economy grew at an annual rate of 2.1 percent in the fourth quarter, according to a survey of economists conducted...

  • Final Glance: Big-box Retail companies Thursday, 26 Feb 2015 | 6:02 PM ET

    Costco Wholesale Corp. fell$. 83 or. 6 percent, to $146.65. Target fell$. 25 or. 3 percent, to $76.90. Wal-Mart Stores Inc. rose$. 23 or. 3 percent, to $83.80.

  • Midday Glance: Big-box Retail companies Thursday, 26 Feb 2015 | 1:19 PM ET

    NEW YORK— Shares of some top big-box retail companies are mixed at 1 p.m.:. Costco Wholesale Corp. fell $1.02 or. 7 percent, to $146.46. Wal-Mart Stores Inc. rose$. 02 or percent, to $83.59.

  • About Wal-Mart CEO Doug McMillon Thursday, 26 Feb 2015 | 12:14 PM ET

    President and CEO of Wal-Mart Stores Inc.. RESUME: McMillon's first job at Wal-Mart was in 1984 as an hourly worker unloading trucks at a distribution cente to pay his way through college. McMillon worked at the home office in Bentonville, Ark. and overlapped with the late legendary founder Sam Walton by about a year.

  • Technology is not a job killer: Walter Isaacson Thursday, 26 Feb 2015 | 11:36 AM ET
    Walter Isaacson

    Don't blame the robots for killing jobs. Contrary to popular belief, technology actually creates jobs, says former CNN and Time chief Walter Isaacson.

  • Early Glance: Big-box Retail companies Thursday, 26 Feb 2015 | 10:35 AM ET

    NEW YORK— Shares of some top big-box retail companies are down at 10 a.m.:. Costco Wholesale Corp. fell$. 76 or. 5 percent, to $146.73. Wal-Mart Stores Inc. fell$. 19 or. 2 percent, to $83.38.

  • Feb 25- It didn't take long for a big retailer to follow the lead of Wal-Mart Stores in raising minimum pay for workers. The announcement comes less than a week after Wal-Mart, the world's largest retailer, announced that it was giving half a million U.S. workers a raise, bringing its minimum hourly pay to $9 in 2015 and $10 next year. Analysts had predicted that other...

  • Applications for US jobless aid rise to 313,000 Thursday, 26 Feb 2015 | 8:45 AM ET

    WASHINGTON— More Americans sought unemployment aid last week, though the number of applications was still consistent with steady hiring. The Labor Department said Thursday that weekly applications rose 31,000 to a seasonally adjusted 313,000, the most in six weeks. "Despite larger-than-expected weekly swings, the trend in claims remains consistent with...

  • The US recovery story is a fraud: SocGen bear Thursday, 26 Feb 2015 | 8:41 AM ET
    Traders work the floor of the New York Stock Exchange.

    Societe Generale's notoriously bearish strategist, Albert Edwards, has poured scorn on the belief that the U.S. economy is recovering.

  • US jobless claims rise higher than expected Thursday, 26 Feb 2015 | 8:31 AM ET
    Job seekers wait in line to register for a job fair at California's Great America theme park on February 6, 2015 in Santa Clara, California.

    More Americans sought unemployment aid last week, though the number of applications was still consistent with steady hiring.

  • The company, which owns the Sears and Kmart chains, said net loss attributable to shareholders was $159 million, or $1.50 a share, in the quarter ended Jan. 31, against a loss of $358 million, or $3.37 a share, a year earlier. Once the largest U.S. retailer by revenue, Sears has seen sales drop due to stiff competition from Target Corp, Wal-Mart Stores Inc and Home Depot Inc..

  • Wal-Mart Stores Inc., which has more than 11,000 stores in 27 countries, has struggled with two years of mostly sluggish sales due in large part to a challenging global economy and major changes in how people shop. Workers' groups have targeted Wal-Mart over its pay and treatment of its U.S. employees with protests. McMillon, whose first job at Wal-Mart was an...

  • WASHINGTON— The U.S. Labor Department reports on the number of people who applied for unemployment benefits last week. The report will be released Thursday at 8:30 a.m. Eastern. Last week included the President's Day holiday, which can cause some volatility in the data, as most state unemployment offices were closed.

  • What's driving our turnaround: Target CFO Wednesday, 25 Feb 2015 | 4:12 PM ET
    Shoppers at a Target store in Mount Kisco, New York.

    Target made several bets that paid off in the fourth quarter, CFO John Mulligan said.

  • UPDATE 2-TJ Maxx raises wages, following Wal-Mart's lead Wednesday, 25 Feb 2015 | 1:39 PM ET

    Feb 25- It didn't take long for a big retailer to follow the lead of Wal-Mart Stores in raising minimum pay for workers. The announcement comes less than a week after Wal-Mart, the world's largest retailer, announced that it was giving half a million U.S. workers a raise, bringing its minimum hourly pay to $9 in 2015 and $10 next year. Analysts had predicted that other...