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Wal-Mart Stores Inc

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  • July 28- Discount store chain Dollar Tree Inc offered to buy rival Family Dollar Stores Inc for about $8.5 billion, in a deal the companies said would create North America's leading discount retailer. Dollar Tree's offer of $74.50 per share in cash and stock represents a premium of about 23 percent over Family Dollar's close of $60.66 on Friday.

  • Dollar Tree buying Family Dollar for $8.5 billion Monday, 28 Jul 2014 | 6:21 AM ET

    NEW YORK— Dollar Tree is buying rival discount store Family Dollar in a cash-and-stock deal valued at about $8.5 billion. Stockholders of Family Dollar Stores will receive $59.60 in cash and the equivalent of $14.90 in shares of Dollar Tree for each share they own.

  • SAN FRANCISCO, July 25- Amazon.com Inc's message to investors has always been clear: trust in founder and CEO Jeff Bezos. Some on Wall Street wonder if Amazon may have bitten off more than it can chew.

  • SHANGHAI, July 25- Shanghai Husi Food, the U.S.-owned Chinese food supplier at the center of a meat safety scandal, won a court case earlier this year against a former quality control officer whose claims included that he was made to forge meat production dates. He said Shanghai Husi, which is owned by privately-held Illinois- based OSI Group, ignored his pleas.

  • Final Glance: Big-box Retail companies Thursday, 24 Jul 2014 | 6:22 PM ET

    Costco Wholesale Corp. rose$. 55 or. 5 percent, to $118.14. Target rose$. 26 or. 4 percent, to $60.99. Wal-Mart Stores Inc. fell$. 64 or. 8 percent, to $76.35.

  • AP Top Extended Financial Headlines At 3:18 p.m. EDT Thursday, 24 Jul 2014 | 3:18 PM ET

    Fewer and fewer US layoffs mean job security is as strong as it's been in more than 8 years IMF cuts global growth forecast because of slowdowns in US, Russia and emerging markets Court throws out Chiquita terror payment claims involving thousands of Colombian deaths Stocks pause in early afternoon trading as Caterpillar, homebuilders offset better earnings Revenue increases lift 2 Q profits at airlines, which share the bounty with investors General Motors 2 Q profit falls 85 pct., drained by massive recall costs Ford's second quarter net profit up 6 percent to $1.3 billion as Europe makes money again US new-home sales tumble 8.1 percent in June to annual rate of 406,000 $300 million later, Social Security trying to salvage computer system that doesn't work Wal-Mart promotes exec of Asia division Greg Foran as new CEO of Wal-Mart US stores

  • AP Top Extended Financial Headlines At 2:46 p.m. EDT Thursday, 24 Jul 2014 | 2:46 PM ET

    Court throws out Chiquita terror payment claims involving thousands of Colombian deaths Stocks pause in early afternoon trading as Caterpillar, homebuilders offset better earnings IMF cuts global growth forecast because of slowdowns in US, Russia and emerging markets $300 million later, Social Security trying to salvage computer system that doesn't work Officials: Missing Air Algerie plane carrying 116 people' probably crashed' in northern Mali AmerisourceBergen reports 3 Q loss following a profitable quarter a year ago General Motors 2 Q profit falls 85 pct., drained by massive recall costs Ford's second quarter net profit up 6 percent to $1.3 billion as Europe makes money again Wal-Mart promotes exec of Asia division Greg Foran as new CEO of Wal-Mart US stores Morgan Stanley paying $275 M to settle SEC charges over sales of risky mortgage bonds

  • Midday Glance: Big-box Retail companies Thursday, 24 Jul 2014 | 1:23 PM ET

    NEW YORK— Shares of some top big-box retail companies are mixed at 1 p.m.:. Costco Wholesale Corp. rose$. 30 or. 3 percent, to $117.89. Wal-Mart Stores Inc. fell$. 71 or. 9 percent, to $76.28.

  • AP Top Extended Financial Headlines At 1:08 p.m. EDT Thursday, 24 Jul 2014 | 1:08 PM ET

    Stocks inch higher at midday after United, Ford report better results; homebuilders hit hard IMF cuts global growth forecast because of slowdowns in US, Russia and emerging markets French foreign minister: Missing Air Algerie plane' probably crashed' in northern Mali General Motors 2 Q profit falls 85 pct., drained by massive recall costs Ford's second quarter net profit up 6 percent to $1.3 billion as Europe makes money again Wal-Mart promotes exec of Asia division Greg Foran as new CEO of Wal-Mart US stores Morgan Stanley paying $275 M to settle SEC charges over sales of risky mortgage bonds Under Armour 2 Q revenue soars 34 percent and raises outlook; shares hit an all-time high US new-home sales tumble 8.1 percent in June to annual rate of 406,000 Nokia says Q2 profit up 20 percent, gives upbeat outlook after sale of troubled handset unit

  • *Wal-Mart says U.S. head Simon's departure "amicable". July 24- Wal-Mart Stores Inc replaced its U.S. head Bill Simon with Asia chief Greg Foran as it seeks to restore the fortunes of its largest business after a year of sluggish sales.

  • AP Top Extended Financial Headlines At 12:03 p.m. EDT Thursday, 24 Jul 2014 | 12:03 PM ET

    IMF cuts global growth forecast because of slowdowns in US, Russia and emerging markets French foreign minister: Missing Air Algerie plane' probably crashed' in northern Mali General Motors 2 Q profit falls 85 pct., drained by massive recall costs Ford's second quarter net income up 6 percent to $1.3 billion as Europe makes money again US new-home sales tumble 8.1 percent in June to annual rate of 406,000 US stocks inch up after Facebook, Ford, Caterpillar report results; homebuilders hit hard Nokia says Q2 profit up 20 percent, gives upbeat outlook after sale of troubled handset unit Amid easing of tensions over downing of Malaysia jet, markets solid despite mixed US data Wal-Mart promotes exec of Asia division Greg Foran as new CEO of Wal-Mart US stores Flush with more revenue, American Airlines posts profit, declares first dividend since 1980

  • AP Top Extended Financial Headlines At Noon EDT Thursday, 24 Jul 2014 | 12:00 PM ET

    IMF cuts global growth forecast because of slowdowns in US, Russia and emerging markets French foreign minister: Missing Air Algerie plane' probably crashed' in northern Mali General Motors 2 Q profit falls 85 pct., drained by massive recall costs Ford's second quarter net income up 6 percent to $1.3 billion as Europe makes money again US new-home sales tumble 8.1 percent in June to annual rate of 406,000 US stocks inch up after Facebook, Ford, Caterpillar report results; homebuilders hit hard Nokia says Q2 profit up 20 percent, gives upbeat outlook after sale of troubled handset unit Wal-Mart promotes exec of Asia division Greg Foran as new CEO of Wal-Mart US stores Flush with more revenue, American Airlines posts profit, declares first dividend since 1980 Applications for US jobless benefits dip to 284,000; lowest level since February 2006

  • Early Glance: Big-box Retail companies Thursday, 24 Jul 2014 | 11:37 AM ET

    NEW YORK— Shares of some top big-box retail companies are mixed at 10 a.m.:. Costco Wholesale Corp. rose$. 04 or percent, to $117.63. Wal-Mart Stores Inc. fell$. 67 or. 9 percent, to $76.32.

  • July 24- Wal-Mart Stores Inc replaced its U.S. business head Bill Simon with Asia chief Greg Foran to turn around its largest business, where sales have been sluggish for at least a year. Wal-Mart shares fell 1 percent in early trading on the New York Stock Exchange.

  • Wal-Mart US CEO Bill Simon to leave company Thursday, 24 Jul 2014 | 9:16 AM ET
    Wal-Mart CEO Bill Simon speaks during a news conference in Washington.

    Wal-Mart says U.S. CEO Bill Simon is leaving the company and will be succeeded by Greg Foran.

  • AP Top Extended Financial Headlines At 9:14 a.m. EDT Thursday, 24 Jul 2014 | 9:14 AM ET

    French official: Air Algerie flight carrying 116 people vanishes over northern Mali Applications for US jobless benefits dip to 284,000; lowest level since February 2006 World shares subdued despite China manufacturing as reports say EU mulls new Russia sanctions General Motors 2 Q profit falls 85 pct., drained by massive recall costs Ford's second quarter net income up 6 percent to $1.3 billion as Europe makes money again Flush with more revenue, American Airlines posts profit, declares first dividend since 1980 With summer travel season in full swing, United Airlines breaks into the black Higher fares, more full seats help push Southwest Airlines to record 2 Q profit of $465 million Wal-Mart promotes exec of Asia division Greg Foran as new CEO of Wal-Mart US stores Caterpillar 2nd- quarter profit rises, revenue falls; lifts full-year earnings forecast

  • Wal-Mart names new CEO of US discount division Thursday, 24 Jul 2014 | 8:53 AM ET

    NEW YORK— Wal-Mart is replacing the chief of its U.S. discount stores in what could be an indication that it's losing confidence that its largest business unit will rebound after more than a year of disappointing results.

  • July 24- Wal-Mart Stores Inc said Greg Foran, the head of its Asia business, would now lead its struggling U.S. business. Foran, who replaces Bill Simon, will take over his new role on Aug. 9, the company said. Wal-Mart's U.S. same-store sales have remained sluggish for at least a year.

  • Ford earnings, jobless claims to lift Wall Street Thursday, 24 Jul 2014 | 8:40 AM ET

    U.S. stock index futures rose on Thursday, ahead of one of the heaviest days for U.S. and European second-quarter earnings.

  • July 24- Canada's largest grocer Loblaw Cos Ltd's quarterly profit handily beat analysts' expectations, helped by strong pharmacy sales in its recently acquired Shoppers Drug Mart. Sales at Shoppers accounted for more than a quarter of Loblaw's total sales of C $10.31 billion in the second quarter.