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Wal-Mart Stores Inc

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  • LOS ANGELES, April 1- McDonald's Corp plans to raise the average pay of about 90,000 U.S. workers to around $10 an hour, but the increase will not benefit workers at the vast majority of the restaurants, because they are operated by franchisees, who make their own wage decisions. Wal-Mart Stores Inc and other retailers have introduced entry-level wage hikes in...

  • Final Glance: Big-box Retail companies Wednesday, 1 Apr 2015 | 5:56 PM ET

    Costco Wholesale Corp. fell $1.26 or. 8 percent, to $150.24. Target rose$. 02 or percent, to $82.09. Wal-Mart Stores Inc. fell $1.54 or 1.9 percent, to $80.71.

  • Target to close Canadian stores by April 12 Wednesday, 1 Apr 2015 | 5:55 PM ET

    April 1- Target Corp's Canadian unit said it would close the last of its 133 retail stores on April 12. The No. 2 U.S. discount chain said in January that it would exit Canada after struggling since its March 2013 launch, resulting in 17,000 employees losing their jobs and triggering a $5.1 billion quarterly charge. Minneapolis- based Target faced huge supply chain...

  • In February Wal-Mart Stores Inc., the largest private employer in the U.S., said it will boost its minimum pay to $9 an hour in April and to $10 by February 2016. TJX Cos., the parent of discount store operator TJ Maxx and Marshall's, said in February that it will pay all of its U.S. workers at least $9 an hour starting in June. Retailer Gap Inc. said in February 2014 that it...

  • LITTLE ROCK, Ark., April 1- Arkansas Governor Asa Hutchinson told lawmakers on Wednesday to revise a bill that rights activists and U.S. businesses said allowed discrimination against gays, and home-state corporate giant Wal-Mart Stores Inc praised his action. Indiana's governor a day earlier said lawmakers should fix a similar Religious Freedom...

  • LOS ANGELES, April 1- McDonald's Corp plans to raise the average pay of roughly 90,000 U.S. restaurant workers to around $10 and to tack on benefits such as paid vacations, the fast-food giant said on Wednesday. On July 1, starting wages at McDonald's roughly 1,500 company-operated U.S. restaurants will be $1 above the locally mandated minimum wage.

  • SAN FRANCISCO, April 1- McDonald's Corp plans to raise U.S. restaurant workers' pay by more than 10 percent and tack on benefits such as paid vacations, according to a Wall Street Journal story citing the fast-food chain's new chief executive. According to the report, McDonald's will raise pay at least $1 above the local minimum wage for roughly 90,000 workers in...

  • The announcement comes as several major companies including Wal-Mart Stores Inc. have announced wage hikes as the economy has picked up and made it more difficult to find reliable workers. "It's a very competitive environment and a significant rationale for this plan is that we want to be the most competitive and attractive employer," said McDonald's USA...

  • Bargain hunters: Now's the time to score deals Wednesday, 1 Apr 2015 | 1:18 PM ET
    A sale sign outside a clothing store in New York City

    Penney, Macy's, Nordstrom and other department stores are accelerating their discounts ahead of the early Easter holiday.

  • Midday Glance: Big-box Retail companies Wednesday, 1 Apr 2015 | 1:17 PM ET

    NEW YORK— Shares of some top big-box retail companies are down at 1 p.m.:. Costco Wholesale Corp. fell $1.38 or. 9 percent, to $150.12. Wal-Mart Stores Inc. fell $1.58 or 1.9 percent, to $80.67.

  • Wal-Mart seeks assist from its suppliers to lower prices Wednesday, 1 Apr 2015 | 12:45 PM ET

    NEW YORK— Wal-Mart is asking suppliers to cut back on advertising spending in its stores as it seeks lower prices on goods that it sells to its own customers. Historically, makers of consumer products like laundry detergent devote a portion of their budget to market their products at Wal-Mart whether it's online advertising on social media or store displays.

  • April 1- Wal-Mart Stores Inc is looking at how it sources its products in an effort to reduce prices, especially as commodity prices fall globally, the head of the its U.S. division said on Wednesday. Last month Wal-Mart announced that it was investing $1 billion to raise the wages of half a million store employees. Shares of Wal-Mart were down 1.8 percent at $80.78.

  • LITTLE ROCK, Ark., April 1- Republican Arkansas Governor Asa Hutchinson on Wednesday rejected a religion bill he had said he would sign into law, reversing course after a national firestorm of criticism assailing such legislation as discriminating against gays and lesbians. The governor said his own son had asked him to veto it, adding a personal element to the...

  • NEW YORK— A bevy of big-name businesses including Apple, Gap and Levi Strauss are publicly speaking out against religious-objections legislation in states such as Indiana and Arkansas. The world's largest retailer and America's largest private employer, Wal-Mart Stores Inc., waded into the debate Tuesday when its CEO urged Arkansas Gov.

  • Indiana's Republican Governor Mike Pence pledged on Tuesday to rewrite the law he rushed through last week after Wal-Mart Stores Inc., Apple Inc. and other major businesses said it sent a message that the state was intolerant. Wal-Mart, the world's biggest retailer, and other companies also piled pressure on Arkansas' Republican Governor Asa Hutchinson,...

  • Speaking at a briefing for analysts and investors, Greg Foran said the gap in pricing between Wal-Mart and its competitors in some markets was "too small."

  • Indiana's Republican Governor Mike Pence pledged on Tuesday to rewrite the law he rushed through last week after Wal-Mart Stores Inc., Apple Inc. and other major businesses said it sent a message that the state was intolerant. Wal-Mart, the world's biggest retailer, and other companies also piled pressure on Arkansas' Republican Governor Asa Hutchinson,...

  • Early Glance: Big-box Retail companies Wednesday, 1 Apr 2015 | 10:23 AM ET

    NEW YORK— Shares of some top big-box retail companies are down at 10 a.m.:. Costco Wholesale Corp. fell $1.18 or. 8 percent, to $150.32. Wal-Mart Stores Inc. fell $1.13 or 1.4 percent, to $81.12.

  • Early movers: SHLD, WMT, GDDY, AAPL & more Wednesday, 1 Apr 2015 | 7:47 AM ET
    Traders work the floor of the New York Stock Exchange.

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

  • Walmart asks Arkansas gov to veto religion legislation Tuesday, 31 Mar 2015 | 8:02 PM ET
    Wal-Mart CEP Doug McMillon

    The chief executive officer of Wal-Mart Stores on Tuesday asked the governor of Arkansas to veto a religious freedom measure, saying the bill approved by lawmakers earlier in the day undermines "the spirit of inclusion" in the state.