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Wal-Mart Stores Inc

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  • 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 Stores Inc. says U.S. discount-store chief Bill Simon is stepping down. The Bentonville, Arkansas- based retailer says that Greg Foran, 53, president and CEO of Wal-Mart Asia, will succeed Simon. Foran will report directly to Doug McMillon, who took over as president and CEO of Wal-Mart Stores Inc. in February.

  • 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.

  • 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.

  • *China food regulator visits 581 food-related businesses. Shanghai police detained five people on Wednesday, including the head and the quality chief of Shanghai Husi Food, a supplier to foreign fast-food brands including KFC, McDonald's Corp and coffee chain Starbucks Corp over allegations it supplied out-of-date meat.

  • SHANGHAI, July 24- China's food regulator has visited close to 600 restaurants, businesses and food distributors as it investigates a fast-spreading food safety scare that has dragged in a number of global brands and hit food outlets as far away as Japan.

  • July 23- The Delaware Supreme Court affirmed on Wednesday a lower court ruling that ordered Wal-Mart Stores Inc to provide a shareholder with documents related to the company's internal probe of allegations the retailer had paid bribes in Mexico.

  • July 23- The Delaware Supreme Court affirmed on Wednesday a lower court ruling that ordered Wal-Mart Stores Inc to provide a shareholder with documents related to the company's internal investigation of allegations that the retailer had paid bribes in Mexico.

  • NRF cuts retail sales growth forecast for 2014 Wednesday, 23 Jul 2014 | 1:25 PM ET
    Shoppers at Somerset Collection shopping mall in Troy, Mich.

    Slow growth during the first half of the year caused the National Retail Federation to lower its retail sales forecast for 2014.

  • Retail trade group reduces annual sales forecast Wednesday, 23 Jul 2014 | 11:03 AM ET

    NEW YORK— The nation's largest retail trade group has pared its annual sales forecast because of slower-than-expected growth during the first half of the year tied to winter storms and lingering economic woes.

  • How big banks are courting the 'unbanked' Wednesday, 23 Jul 2014 | 8:47 AM ET

    For banks working on their post-financial crisis image, catering to poor clients may lead to good will from regulators, the NYT reports.

  • China food scandal spreads, Japan dragged in Tuesday, 22 Jul 2014 | 8:35 PM ET

    The latest food scandal in China is spreading fast, dragging in U.S. coffee chain Starbucks, Burger King, as well as McDonald's products from Japan.

  • Final Glance: Big-box Retail companies Tuesday, 22 Jul 2014 | 6:02 PM ET

    Costco Wholesale Corp. rose$. 51 or. 4 percent, to $117.55. Target rose$. 08 or. 1 percent, to $59.38. Wal-Mart Stores Inc. fell$. 13 or. 2 percent, to $76.64.

  • Midday Glance: Big-box Retail companies Tuesday, 22 Jul 2014 | 1:57 PM ET

    NEW YORK— Shares of some top big-box retail companies are mixed at 1 p.m.:. Costco Wholesale Corp. rose$. 95 or. 8 percent, to $117.99. Wal-Mart Stores Inc. fell$. 32 or. 4 percent, to $76.45.

  • Early Glance: Big-box Retail companies Tuesday, 22 Jul 2014 | 11:16 AM ET

    NEW YORK— Shares of some top big-box retail companies are mixed at 10 a.m.:. Costco Wholesale Corp. rose$. 46 or. 4 percent, to $117.50. Wal-Mart Stores Inc. fell$. 24 or. 3 percent, to $76.53.

  • Early movers: KO, MCD, VZ, AAPL, NFLX, CS & more Tuesday, 22 Jul 2014 | 8:06 AM ET
    Traders work the floor of the New York Stock Exchange.

    Some of the names on the move ahead of the open.

  • *Starbucks, Burger King, Dicos pull products from Shanghai Husi. SHANGHAI, July 22- A toxic food scandal in China is spreading fast, dragging in U.S. coffee chain Starbucks, Burger King Worldwide Inc and others, as well as McDonald's products as far away as Japan.

  • Starbucks, Burger King dragged into food scandal Tuesday, 22 Jul 2014 | 12:09 AM ET

    A food scandal in China is spreading fast, dragging in Starbucks, Burger King and others, as well as products of McDonald's as far away as Japan.

  • *Starbucks says has pulled chicken products from Shanghai Husi. SHANGHAI, July 22- A toxic food scandal in China is spreading fast, dragging in U.S. coffee chain Starbucks, Burger King Worldwide Inc and others, as well as products of McDonald's Corp as far away as Japan.

  • Wal-Mart ups price wars for back-to-school season Monday, 21 Jul 2014 | 5:55 PM ET

    NEW YORK— Wal-Mart Stores Inc. is upping the price game for the crucial back-to-school shopping season. In an interview with The Associated Press on Monday, Steve Bratspies, executive vice president, general merchandise at Wal-Mart's U.S division, said he's seeing back-to-school promotions start early this year.