Walmart

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Retail Leads Black Friday Rally
Retail Leads Black Friday Rally
MARKETS
Nov 23, 2007 2:34 PM CST

Retail Leads Black Friday Rally

Wal-Mart, Target, JC Penney all gain; Citigroup rebounds

(Newser) - Stocks rose in an abbreviated session today, cutting losses for the week as early-bird Christmas shopping gave reason for optimism. "The fact that Black Friday is not a disaster and is off to a modest but healthy start is just a relief,'' one analyst told Bloomberg. The Dow...

Eagles Enjoy Their Perch Near the Top
Eagles Enjoy Their Perch Near the Top
Nov 17, 2007 10:58 AM CST

Eagles Enjoy Their Perch Near the Top

Henley philosophizes on album's success, Wal-Mart, with CNN

(Newser) - The Eagles' new CD has sat at or near the top of the Billboard charts since its debut earlier this month—not bad for a band that hasn't released an album since 1979. Don Henley discusses the Eagles' approach to the double-disc Long Road Out of Eden with CNN, including...

Bowing to Critics, Wal-Mart Overhauls Health Plans

Retail giant insures less than half of its workforce

(Newser) - Wal-Mart’s reputation for high-cost, low-benefit employee health care has led to battles with politicians, communities, and organized labor. The bad publicity hurt its reputation and, ultimately, its bottom line. Now, reports the New York Times, the nation’s largest private employer has a new prescription for health care, offering...

Clean-Tech Show Draws Eager Investors

Companies of all sizes hope to cash in on growing market

(Newser) - A clean technology conference hosted scores of venture capitalists and private-equity firms looking to cash in on 100 cutting-edge companies. Drawing particular interest was First Solar, which makes solar-energy cells that could soon compete with residential utility prices, MarketWatch reports. The company also signals the sector’s dangers: Its $200...

Popular Toy Recalled Over Toxic Beads

Aqua Dots, made in China, replicate date-rape drug

(Newser) - A popular arts-and-crafts toy made in China is being yanked from stores worldwide after it was found to include a chemical that replicates the effects of date-rape drugs, the Wall Street Journal reported today. At least three children were hospitalized recently in Australia after swallowing beads from the toy, sold...

More People Skipping Basics to Pay the Bills

Analysts shocked as food banks run short, stores adjust prices

(Newser) - More Americans are skipping breakfast and other basics just to pay the bills, the AP reports. With gas hitting highs this year and food prices up as much as 44%, even $35,000-plus wage earners are lining up for food, and food banks report acute shortages. One consultant says he...

Wal-Mart Cuts Prices to Boost Holiday Sales

Second big cut as store tries to woo back low-income shoppers

(Newser) - Wal-Mart is slashing prices on 15,000 more items this week in an effort to capture sales during the holiday shopping season, Reuters reported today. The nation's largest retailer reduced prices two weeks ago on popular toys, and has now discounted 20% more items than in the previous holiday season....

Tech Stocks Bring Market Down
Tech Stocks Bring Market Down
Oct 11, 2007 4:03 PM CDT

Tech Stocks Bring Market Down

Afternoon fall erased earlier gains from Wal-Mart's rosy numbers

(Newser) - After flirting with record highs earlier in the day, the markets were brought down to Earth this afternoon by falling tech stocks. The likes of Google, Yahoo, and Apple retreated after JPMorgan cut its third-quarter forecast for Chinese search engine Baidu.com. The S&P 500 dropped 8.06 to...

Forecasts Down after Gloomy September for Retailers

Nordstrom et al. may have a blue, blue Xmas

(Newser) - Gloomy September reports led retailers to lower third-quarter forecasts, the New York Times reported today. With the exception of Wal-Mart—which raised profit forecasts slightly—big chain stores performed below expectations in September. Among the culprits are the credit crunch, warm weather and unflattering comparisons to last September. Even Wal-Mart...

Note to Dems: Use Health Care to Woo Business

American Prospect says reform key to pilfering GOP support

(Newser) - The GOP is losing its grip on the big-business vote, and Democrats need to seize the opportunity to move in, argues the American Prospect's Paul Waldman. Health-care reform is the perfect peg for the left to woo Wall Street, and with single-payer systems far cheaper than the current mess, wise...

Wal-Mart Era Reaching Its End
Wal-Mart Era Reaching Its End
Oct 3, 2007 8:27 PM CDT

Wal-Mart Era Reaching Its End

Brands and consumers looking beyond the big box

(Newser) - Wal-Mart may be king, but its throne is shrinking: A judge awarded $62.3 million to underpaid workers today, yet another blow to the mega-seller. Big-name brands like PepsiCo are opting for companies like Whole Foods, as rivals lure American buyers and the Internet dwarfs Wal-Mart's 142,000-item stock, reports...

Reno Thrives Although Most Bets Are Off

Tribal gambling hurts city, but Renoans find ways to adapt

(Newser) - Reno's lost billions to Native American casinos, yet the Nevada town is growing again, even thriving. How did Renoans react when Tribal casinos lured away their business? They put up shop as gambling consultants and sold even more slot machines. Now downtown is growing: Developers are free to build without...

Wal-Mart Expands $4 Drug Program
Wal-Mart Expands $4
Drug Program
Sep 28, 2007 2:29 PM CDT

Wal-Mart Expands $4 Drug Program

Retail giant's list of generic meds now includes birth control

(Newser) - A year after launching its $4 prescription drug program, Wal-Mart yesterday added 24 names to its list of 361 generic medications. The company boasts that it now covers more than 95% of treatable common diseases, the St Petersburg Times reports, but critics call the program a publicity stunt and say...

Stocks Edge Up in Balancing Act
Stocks Edge Up in Balancing Act
Sep 25, 2007 3:44 PM CDT

Stocks Edge Up in Balancing Act

Retailers’ sales sink as homes out-perform expectations

(Newser) - Stocks rose slightly today as retail woes were somewhat offset by August home sales that outperformed expectations, MarketWatch reports. Led by Microsoft, which rode the release of “Halo 3” to a 1.5% jump, the Dow climbed 19.59 to 13,778.65. The S&P dipped 0.52...

Prices in Toyland Are Going Up
Prices in Toyland Are Going Up
Sep 14, 2007 7:04 AM CDT

Prices in Toyland Are Going Up

Consumers will pay for testing toys

(Newser) - Toyland is about to become a more expensive place, as price hikes of 10% or more kick in to pay for heightened vigilance by toy makers following the recall of millions of lead-tainted and otherwise unsafe playthings imported from China. The added costs, which  won't kick in until after Christmas,...

America, as Defined by Wal-Mart
America,
as Defined
by Wal-Mart
Sep 13, 2007 4:29 PM CDT

America, as Defined by Wal-Mart

With firm grasp on US consumers, snapshot of giant's sales is a self-portrait

(Newser) - Wal-Mart knows a lot about Americans, courtesy of the 208 million US consumers who shop there every year. ABC News takes a look at the superstore's sales figures and finds a portrait of the nation's changing face and taste. Some highlights: Boxers are tied with briefs; Ohio buys the most...

Bomb Threats Hit Discount Stores, Supermarkets

Caller threatens to blow up stores unless money wired into account

(Newser) - Federal agents are looking into bomb threats phoned in to Wal-Marts and supermarkets across the country, the AP reports. An unidentified caller, believed to be in Portugal, demands that employees wire money overseas or he'll set off a bomb. A Maine supermarket was the target yesterday, bringing the total to...

Wal-Mart's Low Prices Even Attract Wayward Emus

Large, flightless bird found in parking lot

(Newser) - Consumer advocates have been pecking at Wal-Mart for exporting jobs overseas, but yesterday an overseas import returned the favor. A three-year-old emu named Myron wound up in the big-box store’s parking lot after being chased from a local farm by a coyote, the AP reports. The owner said he...

Wal-Mart Owns Up to Melamine in Dog Treats

Company quietly pulled products as it waited for further testing

(Newser) - Two Chinese brands of dog treats sold at Wal-Mart contain a toxic chemical, the discount giant confirms. Customer complaints about the products prompted the company to quietly pull them from its shelves last month as it waited for further tests. The results confirmed the presence of melamine, the chemical at...

Wal-Mart Moves to Take a Bite Out of Apple

New online music store undercuts iTunes, lifts limits on copying

(Newser) - Seeking to wrest control of the market from Apple, Wal-Mart today launched an online music store that undercuts iTunes by 5 cents per song. More important, the retail behemoth has dropped DRM copyright protection, which means customers can burn as many CDs as they like and play songs on any...

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