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Black people must leave, NJ Walmart announcer says (AP)
A Walmart store announcement ordering black people to leave brought chagrin and apologies Wednesday from leaders of the company, which has built a fragile trust among minority communities.
[$$] PayPal Strikes Deal To Expand in China (at The Wall Street Journal Online)
PayPal Teams With China UnionPay EBay's PayPal said it will partner with China UnionPay, China's largest electronic-payment service provider, to allow Chinese consumers to shop from and make payments to overseas merchants.
Is It Time to Play GameStop? (at Seeking Alpha)
Report: Ad spending fell 12.3 percent last year (AP)
Advertising spending fell 12.3 percent last year as the economic slump continued to have marketers curb expenses. According to a report Wednesday from Kantar Media, which measures advertising spending, overall ad spending in 2009 was $125.3 billion.
China Will Boost EBay: IT Equity Strategist (at CNBC)
Blockbuster Running Out Of Cards To Play (at Forbes.com)
Schiff Nutrition Payday (at Forbes.com)
Companies Poised To Profit From The Rebound (at Investopedia)
Wal-Mart to open 3 Triangle MoneyCenters (at bizjournals.com)
The New Secret of the Super-Rich (at Motley Fool)
Blockbuster On The Brink (at Forbes.com)
The World's 20 Richest People (at Forbes.com)
Schiff Nutrition Flexes Its Muscle (at Forbes.com)
[video] Best Stocks When Food Prices Rise (at TheStreet.com)
Market Cap Race: Wal-Mart, Apple or Buffett? (at TheStreet.com)
Wal-Mart adds MoneyCenters in Charlotte (at bizjournals.com)
Pier 1 Imports: Cherry Picking Numbers Can Mislead (at Seeking Alpha)
The Right Time to Buy Dividend Stocks (at Seeking Alpha)
Dangerous Stocks That Will Burn Investors (at Motley Fool)
Retailers Get Push-Back as Brands Disappear (TheStreet.com)
Wal-Mart and other retailers balance consumer demand and supplier pressure when stocking shelves.
Yahoo! Finance: WMT News
Latest Financial News for Wal-Mart Stores, Inc. Common St
Blockbuster Running Out Of Cards To Play
Staring down bankruptcy, the rental chain's Hollwood ties are among its last remaining advantages in a changing market.
Schiff Nutrition Payday
Vitamin maker announces a special cash dividend and reports results that surpass views.
Blockbuster On The Brink
Bankruptcy looms for movie rental chain, an endangered species in a changing business.
Schiff Nutrition Flexes Its Muscle
Vitamin maker eyes acquisitions with its cash, but will also let investors share the wealth.
Street Grinds Higher, Looks To Fed
As central bank discusses interest rates, stocks rise in New York.
Street Falters, Recovers Ahead Of Fed Meeting
Traders turn cautious after warning about the U.S.' credit rating, and mixed industrial figures.
Pepsi Scores With Stock Repurchase
Analyst says beverage maker is getting good value by snapping up its shares.
Wal-Mart Eyes Hungry Shoppers
Low-price giant is lacing up the gloves for battle with grocery chains.
Smooth Sailing For Wal-Mart, Nike
Analysts have rosy view on retailer, apparel maker.
Stocks Pick Up Steam Heading Into Closing Bell
U.S. equities spent most of the day in negative territory on Moody's warning over sovereign debt rating.
Wal-Mart's Food Fight
Citi analyst upgrades retailer as price war with grocery chains looms.
Pepsi Parts With Cash For Buyback And Dividend Boost
Pepsi will increase dividends and buy back nearly $20 billion worth of stock.
Stocks Teeter On Industrial Production
U.S. equities slip early Monday, despite better-than-expected economic data.
A Retail Rebound? Hardly
Sales improved marginally in February, but consumers are still spending cautiously.
The Ultimate Buffett Scorecard
You don't get to be the third-richest man in the world by tracking any stock index.
Retail Rally Ripe For Retrenchment
Now that we've had the spate of good news, it will be harder to sustain the share prices of retailers that have rebounded so mightily since the market bottom last year.
India: The Gap Is Narrowing
The country is buzzing with entrepreneurs and innovation.
Dick's Hits A Home Run
Sporting goods retailer posts a profit, shares poised to break out or break down.
Dick's Sprints Toward New 52-Week High
The sporting goods retailer posts a profit, and shares are poised to break out or break down.
Two Beats For TiVo In Less Than A Week
On the heels of a court victory last week, the firm beats analysts' profit expectations.
U.S. Sales Tax Rates Hit Record High
Shopping blues: Top tax 12%. Chicago's 10.25% highest big-city rate. More Internet tax fights loom.
Everyday Higher Prices
Why ''high road'' federal contracting standards are bad for business.
Wal-Mart Hikes Dividend
Retailer boosts shareholder payout 10%.
An Obsessive Guide to Avoiding Hangovers
Here's how to enjoy a tipple without comeuppance.
Costco, BJ's Squeezed By Competition
Wholesale clubs report better sales, but profits fall as battle for consumer dollars heats up.
Forbes.com: wmt
The latest Forbes.com news on the ticker wmt.
An Eight-Stock Index Fund with 95% Accuracy
Here's a fact you don't often hear -- even index funds that have rock-bottom fees are over-charging you. The fact is that with a little creativity and research, investors can closely mimic the performance of an index fund and bypass the fees that go to the mutual fund companies. 2010 03 17 16:21
Blockbuster Running Out Of Cards To Play
Staring down bankruptcy, the rental chain's Hollwood ties are among its last remaining advantages in a changing market. 2010 03 17 15:43
Schiff Nutrition Payday
Vitamin maker announces a special cash dividend and reports results that surpass views. 2010 03 17 15:39
Coming Soon to Blockbuster (BBI): Chapter 11
Just two weeks ago Blockbuster Inc. (BBI) chairman and CEO Jim Keyes was talking up the company's conservative (i.e., slow) move to digital delivery of movies as being what 'these times demand.' Maybe that's true if you've waited too long to get started and are now faced with nearly $1 billion in debt and limited prospects for paying the interest on that debt. 2010 03 17 14:05
GE sees profit, dividend up in 2011, shares climb
After two rocky years and a severe global financial crisis, General Electric Co expects its profit and dividend to rise in 2011, the largest U.S. conglomerate's chief financial officer said. 2010 03 16 15:46
While Florida Freezes, Walmart Shares Heat Up
On Monday Citigroup analyst Deborah Weinswig upgraded Walmart (WMT) to Buy from Hold increasing her 12-month price target from $54 to $64.Weinswig wrote that the world’s largest retailer is “lacing up the gloves as it prepares to step back into the ring and win the modern day price war in food retail ” according to MarketWatch.This does not portend well for Safeway (SWY) Supervalu (SVU) and Kroger (KR) -- the three biggest supermarket chains in the US whose margins are already razor-thin whose sales have dropped off due to high unemployment and who are facing increased 2010 03 16 15:11
The Bears Are Dead Wrong
2010 03 16 13:57
What, and Who, Can Move the Markets
Editor's Note: The following was posted in real time on our premium Buzz & Banter (click for a free trial). Greetings from New York where I’m considering sending Deborah Weinswig a note explaining that I liked Walmart (WMT) first. The very capable Citi (C) analyst spiked a two-day rally in the Bentonville Behemoth with an upgrade yesterday. I didn’t move the stock a penny when I expressed my belief in the retail rally a few weeks ago. I also didn’t move Nordstom (JWN). I didn’t move Abercrombie (ANF) and I didn’t move Target (TGT). They moved without me. Yes 2010 03 16 13:44
MSN Money News - WMT
News about Wal-Mart Stores Inc
Wal-Mart Unveils Plan to Make Supply Chain Greener
Wal-Mart says it will cut 20 million metric tons of greenhouse gas emissions from its supply chain by 2015.
Immigrants Claim Wal-Mart Fired Them to Provide Jobs for Local Residents
Ten West Africans have filed federal complaints accusing Wal-Mart stores in Colorado of discrimination.
Wal-Mart Makes Organizational Moves to Raise Efficiency
The retailer said it was consolidating its logistics, real estate and store operations, while dividing its nationwide efforts into three regions with separate presidents.
Wal-Mart Tells Employees It Will Cut 11,200 Jobs
Ten thousand workers who demonstrate products and 1,200 membership jobs will be cut at its Sam’s Club warehouses.
Wal-Mart Struggles to Expand in Chicago
Plans for another Wal-Mart have stalled, with politicians unwilling to expend the political capital to overcome organized labor’s opposition to the nonunion company.
Q & A with Stuart Elliott
Q: (Reader).
A Clothing Clearance Where More Than Just the Prices Have Been Slashed
It is winter, a third of the city is poor, and unworn clothing is being destroyed nightly.
My Initiation at Store 5476
A reporter takes on a holiday challenge: what it’s like to be one worker in the army it takes to run a Wal-Mart store in New Jersey.
Wal-Mart Hopes Going Local Will Curry Favor With City
Stung by criticism that their megastores shutter mom-and-pop shops, Wal-Mart officials are offering to rent space in the lobby of a new Chicago store to neighborhood businesses.
When the Performance Looks a Little Too Good
Shares of companies with weak balance sheets have been soaring, but the extreme outperformance of more speculative stocks could make them vulnerable.
Will Big Business Save the Earth?
Major U.S. companies are now a force for environmental progress.
Wal-Mart to Settle Massachusetts Suit for $40 Million
Roughly 87,500 Massachusetts employees of the retailer will receive from $400 to $2,500.
Cheaper Books Come at a High Cost to Worthy Literature
Holiday sales of hardcovers are the latest chapter in the nation’s culture wars, with corporate giants accused of trying to push political agendas.
Businesses in U.S. Brace for New Rules on Emissions
Much of corporate America has already been thinking about how to comply with sharp cuts when they come, and that day seems to have moved closer.
Price War Brews Between Amazon and Wal-Mart
For now, it’s a battle of discounts, but Wal-Mart and Amazon are also fighting over the future of retailing.
NYT > Wal-Mart Stores Inc.
The discount chain, started by Sam Walton in 1962, has become a central figure in scores of social, economic and political debates, from health care to immigration to gun control.
Supporters contend that the chain's legendary low prices have democratized consumption, allowing low-income households to afford flat-screen televisions and nine-layer lasagna. Critics say those low prices have depressed domestic wages and exported manufacturing jobs to foreign countries, hurting Americans more than helping them. All of which has made Wal-Mart the most scrutinized business in the country. Running the retailer, its former chief executive, H. Lee Scott, told The New York Times, is "like running for president of the United States." On November 21, 2008, Wal-Mart announced that Mr. Scott would be succeeded by Michael T. Duke as the next chief executive and president. Mr. Scott will continue as chairman.
Mr. Duke will be inheriting a company that may be growing stronger as the economy grows weaker. The financial turmoil strangling discretionary spending at many stores, is sending struggling consumers into the arms of Wal-Mart leaving the worlds largest retailer poised for a blockbuster Christmas.
In my mind, there is no doubt that this is Wal-Mart time, Mr. Scott, said earlier in the fall at a meeting of analysts and investors in Wal-Marts hometown, Bentonville, Ark. Referring to the discount chains founder, he added, This is the kind of environment that Sam Walton built this company for.
The renewed emphasis on savings may take attention away from a public relation's record that is decidedly mixed. A commitment to make sweeping reductions in energy use and greenhouse emissions has won plaudits from environmentalists. And a new health care plan, with shorter waiting period before a new employee is eligible and lower premiums, has impressed critics. But its own employees have repeatedly embarrassed the company. Wal-Mart has asserted that two top advertising executives violated company policies by conducting a sexual affair and accepting gifts from a potential vendor. The pair deny those claims. And a computer technician taped phone calls between Wal-Mart public relations officials and a reporter for The New York Times.