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Wal Mart Stores Inc


  • July 22- The National Retail Federation, the biggest U.S. retail association, cut its forecast for retail sales growth in the country this year, citing an unexpected slowdown in growth in the first half of the year. U.S. retail sales unexpectedly fell in June, recording the weakest since February, as households cut back on purchases, according to the latest data from...

  • Los Angeles County takes step toward $15 minimum wage Wednesday, 22 Jul 2015 | 3:15 AM ET

    LOS ANGELES— Los Angeles County is crafting a law to raise the minimum wage to $15 per hour over the next five years, with supporters arguing it will help lift the working poor into the middle class and opponents warning businesses will have to cut back, move out or close down. Vice President Joe Biden was scheduled to promote a higher minimum wage during a stop...

  • *Toyota could wait until 2018 or later to build Lexus in China. BEIJING, July 22- Toyota Motor Corp will likely delay building its premium Lexus brand in China for at least a few years, as growth in China's auto market slows to a crawl and a weak yen makes it cheaper to keep making cars in Japan. Toyota wants to focus on strengthening the Lexus brand in China and...

  • NY City Hall casts Uber as corporate behemoth Tuesday, 21 Jul 2015 | 12:41 PM ET
    Taxi drivers, union members and civic groups rally on the steps of City Hall to support a City Council move to limit the number of Uber drivers and other for-hire car companies, July 20, 2015 in New York City.

    In an intensifying fight over capping cars in NYC, City Hall and Mayor de Blasio try a new strategy in fighting Uber, NYT reports.

  • New York state may boost fast-food wages this week Tuesday, 21 Jul 2015 | 12:08 PM ET
    A McDonald's employee sweeps up in front of a restaurant on the morning when thousands of people took to the street to demand a minimum wage of $15 an hour on April 15, 2015 in the Brooklyn borough of New York City.

    A New York state wage board is expected to recommend lifting the fast-food minimum wage to $15 an hour, The Wall Street Journal reports.

  • Costco, Sam's halt photo sites over possible breach Tuesday, 21 Jul 2015 | 7:24 AM ET
    A customer leaves a Costco store in Richmond, California.

    Several large retailers have disabled their online photo printing stores on concerns about a possible data breach.

  • MUMBAI, July 21- Indian IT services provider Infosys Ltd on Tuesday said a business revamp initiated by its first non-founder boss helped it win more large deals in the first quarter, fuelling a 5 percent rise in net profit. Infosys, a bellwether for India's $150 billion IT services industry, has in recent years struggled to innovate and retain market share due to a...

  • TORONTO, July 20- Costco Wholesale Corp, Sam's Club and a handful of other large retailers have disabled their online photo printing stores in recent days, on concerns about a possible data breach at PNI Digital Media, which manages and/or hosts photo services sites. Other photo printing sites that might have been recently affected included Rite Aid Corp, Sam's...

  • Photo sites remain offline in wake of possible hack Monday, 20 Jul 2015 | 1:39 PM ET

    NEW YORK— The online photo websites of Rite Aid, CVS, Costco and Wal-Mart Canada remain offline in the wake of a possible data breach at the company that hosts all four sites. All four sites are administered by Canada- based PNI Digital Media, which is owned by Staples Inc.. Rite Aid Corp. says its customer credit card information isn't processed by PNI.

  • Amazon takes aim at next target: Macy's Monday, 20 Jul 2015 | 12:11 PM ET
    An employee of Amazon at a fulfillment center.

    Amazon's U.S. apparel and accessories business will strip Macy's of its title as the top apparel retailer in 2017, according to Cowen.

  • July 20- Storied supermarket chain Great Atlantic& Pacific Tea Co Inc, better known as A&P, filed for Chapter 11 bankruptcy protection for the second time in five years and said it was in discussions with buyers for some of its stores. The company said was in talks with Acme Markets Inc, owner of Safeway and Albertsons grocery stores, Stop& Shop Supermarket Co LLC and...

  • A&P files for Ch. 11 bankruptcy, 2nd time in 5 years Monday, 20 Jul 2015 | 8:32 AM ET

    The company plans to sell as many of its 296 stores as possible and said in a filing with U.S. Bankruptcy Court in New York that it has bidders for 120 of those operations with expected proceeds of $600 million. The Stop& Shop Supermarket Co., owned by supermarket giant Ahold, said that it has struck a deal to buy 25 A&P stores in the greater New York area for $146 million.

  • Woonsocket, Rhode Island- based CVS Health Corp. said Friday that payment information on the site is collected by an outside vendor, which it identified as Canada- based PNI Digital Media. Neither CVS nor Staples Inc., PNI's parent company, would say how many customers could potentially be affected, both adding that they have investigations under way and will...

  • July 16- Amazon.com Inc said customers ordered 34.4 million items worldwide during its highly publicized Prime Day sale, breaking the record set by last year's Black Friday sale. Wal-Mart Stores Inc, the world's largest retailer, also launched a three-month sale on Wednesday to counter Amazon, which has emerged as a serious competitor in the past few years.

  • Amazon says 'Prime Day' will be annual event Thursday, 16 Jul 2015 | 2:08 PM ET

    Amazon says its "Prime Day" sale led to a sales surge and "hundreds of thousands" of new signups for its $99 annual Prime loyalty program. In the U.S., TVs, Bose headphones, Rubbermaid storage sets, pressure cookers, Roomba vacuum cleaning robots, the unrated Blu-ray version of "50 Shades of Grey" and Megular microfiber towels were top sellers. Abroad, a Blu-ray trilogy of "...

  • Gay marriage? Companies fear the #hashtag Thursday, 16 Jul 2015 | 1:48 PM ET
    The Confederate flag on the Capitol grounds in Columbia, South Carolina.

    Companies, fearing a possible backlash by customers, are increasingly taking a stand on issues from gay marriage to the Confederate flag.

  • These Americans did more than $470B of unpaid work Thursday, 16 Jul 2015 | 1:01 PM ET
    Senior citizen with a home caregiver.

    Family caregivers are taking on more complicated medical tasks, providing $470 billion in unpaid care each year.

  • Prime Day: Win for AMZN, but what about shoppers? Thursday, 16 Jul 2015 | 12:43 PM ET
    An employee stacks items to be shipped at the Amazon.com fulfillment center in Phoenix, Arizona.

    There's a good chance the item you were hoping to buy is just as cheap now—if not cheaper—than it was on Prime Day.

  • Wal-Mart sees shopping surge for rival sale to Amazon Thursday, 16 Jul 2015 | 11:00 AM ET

    NEW YORK— Wal-Mart says its counter-offensive against Amazon's big sale called Prime Day seemed to pay off. Among the top-selling items Wednesday were an Apple iPad Air 2 for $399.99 and $12.35 for Anna and Kristoff dolls from Disney's "Frozen." The sale, which commemorates Amazon's 20th anniversary, was aimed at Prime members, who pay $99 annual fee for free...

  • NEW YORK, July 16- The Supreme Court was definitive in its decision to legalize gay marriage nationwide, but what is far from clear is whether U.S. companies must offer corporate benefits to same-sex spouses. In a Reuters survey of 60 large U.S. employers, nearly half said they were already providing benefits to same-sex spouses before the Supreme Court ruling...