U.S. stocks rose on Thursday, extending gains into a fourth session.» Read More
NEW YORK— Shares of some top big-box retail companies are up at 1 p.m.:. Costco Wholesale Corp. rose$. 65 or. 6 percent, to $112.73. Wal-Mart Stores Inc. rose $1.03 or 1.3 percent, to $77.53.
Janet Yellen believes rising inflation will lead to lower unemployment. But what we've learned over past decades is the reverse: Lower inflation leads to lower unemployment.
After being fined more than $9.8 billion in the last three years, Wal-Mart is speaking out against the Chinese government, according to a report.
NEW YORK— Shares of some top big-box retail companies are up at 10 a.m.:. Costco Wholesale Corp. rose$. 05 or percent, to $112.13. Wal-Mart Stores Inc. rose$. 64 or. 8 percent, to $77.14.
The 1.1 percent jump reported by the Commerce Department on Monday was the best showing since September 2012.
*Less money for safety work demanded after Rana Plaza. DHAKA, April 14- Bangladesh garment factory owners say they are soaking up much of the cost of nearly doubling wages as some global retailers balk at price hikes, leaving less money for safety improvements urged by apparel chains after last year's Rana Plaza disaster.
China wants to wean itself off its dependence on energy imports, but drilling for shale comes with risks attached, the New York Times reports.
Costco Wholesale Corp. unchanged at $112.08. Target fell$. 77 or 1.3 percent, to $58.90. Wal-Mart Stores Inc. fell$. 39 or. 5 percent, to $76.50.
WILMINGTON, Del.— A federal judge in Delaware refused on Friday to issue an injunction prohibiting Wal-Mart from sending its annual proxy statement to shareholders because it doesn't include a Manhattan church parish's proposal for a shareholder vote involving gun sales.
NEW YORK— Shares of some top big-box retail companies are down at 1 p.m.:. Costco Wholesale Corp. fell$. 07 or. 1 percent, to $112.01. Wal-Mart Stores Inc. fell$. 45 or. 6 percent, to $76.44.
April 10- Family Dollar Stores Inc, seeking to reverse declining sales and profit, said on Thursday it is slashing prices to win shoppers, cutting jobs, and shutting hundreds of stores. Family Dollar Chief Executive Howard Levine, on a call with investors, pointed to "a more financially constrained consumer," echoing recent comments from rivals.
CHAMPAIGN, Ill.— The U.S. subsidiary of Swedish furniture retailer IKEA announced Thursday that it is buying a long-planned wind-energy project in eastern Illinois as part of the company's initiative to offset its energy use with renewable energy generation.
NEW YORK— Shares of some top big-box retail companies are mixed at 10 a.m.:. Costco Wholesale Corp. rose$. 83 or. 7 percent, to $113.88. Wal-Mart Stores Inc. fell$. 08 or. 1 percent, to $77.89.
April 10- Wal-Mart Stores Inc wants Americans, even those on a budget, to buy more organic food. The move could help revive Walmart's flagging grocery sales and boost the profile of the resurrected Wild Oats brand.
Family Dollar said Thursday that will cut jobs and close about 370 underperforming stores as it tries to reverse sagging sales and earnings. Family Dollar has stumbled even more than its rivals because it has made mistakes in pricing, merchandising and the locations of its stores, analysts say.
Brazil accelerates, Spain grows for 2nd consecutive quarter. PARIS, April 10- Carrefour, the world's second biggest retailer, said underlying sales growth quickened in the first quarter, driven by Brazil, its second largest market after France, while sales in austerity-hit Spain rose for the second consecutive quarter.
*Need to focus on GDP per capita, World Bank says. *Nigeria needs to improve infrastructure, beware inequality. Nigeria's 2013 GDP was rebased up to an estimated nearly $510 billion- a "pie" one and half times the size of South Africa's, but feeding more than three times as many people.
Carrefour, Europe's biggest retailer, said underlying sales growth accelerated in the first quarter, driven by Brazil, the group's second largest market.
NEW YORK— Wal-Mart is using its massive size to drive down the price of organic food items from tomato paste to chicken broth to make them more affordable for its low-income customers. Wal-Mart Stores Inc. is unveiling nearly 100 pantry items under the Wild Oats label over the next several months, adding to the 1,600 organic food items it already carries.
Wal-Mart will provide shoppers with organic food options at the same price as its nationally branded non-organic items.