Walmart

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Credit Crunch Hits Bond Market
Credit Crunch Hits Bond Market
Aug 20, 2007 3:36 AM CDT

Credit Crunch Hits Bond Market

Tight corporate borrowing could slow economy

(Newser) - Ripples from the credit crisis have reached the corporate bond market—threatening to slow down the economy by seriously limiting the ability of major corporations to borrow money for new projects,  the Washington Post reports. Credit problems have already begun to bite into the future plans of Hertz, ...

China-Made Baby Bibs Contain Lead
China-Made Baby Bibs Contain Lead
Aug 15, 2007 4:59 PM CDT

China-Made Baby Bibs Contain Lead

Tests of Toys 'R' Us aprons finds possible hazard; company claims compliance

(Newser) - Tests by a non-profit agency and the NY Times found made-in-China baby bibs sold at Toys "R" Us contaminated with lead, the paper reported today. After its own recent tests, a government agency did not move to recall the bib; Wal-Mart voluntarily removed bibs made by the same company...

Credit Fears Sink Asian Markets
Credit Fears Sink Asian Markets
Aug 15, 2007 3:08 AM CDT

Credit Fears Sink Asian Markets

Nikkei drops as subprime crisis rocks world

(Newser) - Global credit turmoil rocked Asian markets today, pushing Japan’s Nikkei to 2007 lows, as US and Canadian firms struggled to meet payments and Wal-Mart and Swiss Bank UBS released disappointing forecasts. Through it all the Yen rose, as risk-averse investors turned to some safe havens in Japan, Reuters reports.

Stocks Take Another Tumble
Stocks Take Another Tumble
Aug 14, 2007 3:50 PM CDT

Stocks Take Another Tumble

Mortgage woes persist, retail down

(Newser) - The markets lost again today, as a small cash manager’s move to halt investor pullouts agitated fears about liquidity, as well as deeper jitters over mortgage woes seeping into credit markets. The Dow fell 207.61 points to 13028.92, dragged down heavily by two major retail components, Wal-Mart...

CIA, Wal-Mart, Fox News Purge Wiki Entries

Hacker reveals vanity changes to online encyclopedia articles

(Newser) - A new data-mining tool has tracked the identities of the anonymous users who make edits to Wikipedia entries—and revealed that Wal-Mart, voting-machine magnate Diebold, and even Fox News have tried to bowdlerize or spin their appearances in the online encyclopedia. And they're not the only ones, Wired reports.

Weak Wal-Mart Profits Turn Smiles Upside-Down

Stock dips in early trading on anemic report

(Newser) - Wal-Mart stock saw its biggest dip in five years in early trading this morning, after Q2 profits rose less than analysts had expected. The Arkansas-based behemoth says full-year profit will total $3.13 a share, 3 cents lighter than its projections: Bloomberg reports that surging gas prices, faltering home sales...

Wal-Mart Hits Facebook
Wal-Mart Hits Facebook
Aug 9, 2007 6:57 PM CDT

Wal-Mart Hits Facebook

Retail giant turns to social networking to court back-to-school college shoppers

(Newser) - Wal-Mart is launching a back-to-school marketing campaign using Facebook, Reuters reports. The megachain has created a "Roommate Style Match" Facebook group to give college students a chance to coordinate decorating before moving in—and then browse an array of "recommended" Wal-Mart goods, including many the retailer promotes as...

Wal-Mart Sets Sights on India
Wal-Mart Sets Sights on India
Aug 7, 2007 3:18 PM CDT

Wal-Mart Sets Sights on India

Retail behemoth teams up with local biz, hoping to get piece of $300B market

(Newser) - Wal-Mart will set up shop in the lucrative Indian market for the first time, the Times of London reports. In collaboration with Indian mobile phone company Bharti, the American retail giant will sell wholesale goods to small shops, restaurants, and other businesses. The first "Bharti Wal-Mart" stores are expected...

Wal-Mart Mexico Pays Teen Baggers Nada

Retail giant calls young, uncompensated workers 'volunteers'

(Newser) - Wal-Mart has 4,300 teenagers bagging merchandise for free in its Mexican stores, Newsweek reports. The retail giant isn't doing anything illegal, since the kids aren't technically workers but "volunteers" who donate their time in exchange for gratuities from customers. But labor activists say the notoriously bottom-line-minded company is...

Look Out, Barbie: Here Comes Moses
Look Out, Barbie: Here Comes Moses
Jul 30, 2007 4:05 PM CDT

Look Out, Barbie: Here Comes Moses

Faith-based action figures to combat less godly toys

(Newser) - Faith-based action figures will soon compete with the latest Bratz and Transformers dolls on the shelves of a Wal-Mart near you. Tales of Glory figurines, including Samson, Jesus and Daniel (complete with the Lions’ Den), are being promoted as "God-honoring toys" in a market full of figures that "...

Judge Tries Shame on Shoplifters
Judge Tries Shame on Shoplifters
Jul 25, 2007 3:42 PM CDT

Judge Tries Shame on Shoplifters

Wal-Mart thieves get ‘Scarlet Letter’ treatment

(Newser) - A local Alabama judge has teamed with Wal-Mart to punish shoplifters with shame, making them don sandwich-boards reading “I am a thief; I stole from Wal-Mart” and parade in public, BusinessWeek reports. More than 20 culprits have received the sentence in recent months; the world’s largest retailer sees...

Whole Foods Cannot Sow Wild Oats
Whole Foods Cannot
Sow Wild Oats
Jun 6, 2007 8:30 PM CDT

Whole Foods Cannot Sow Wild Oats

FTC accuses crunchy granola types of monopoly grab

(Newser) - Even crunchy granola types may be monopolists at heart—at least according to the Federal Trade Commission.The FTC said yesterday it wants to block Whole Foods’ $670 million purchase of Wild Oats Markets, claiming that the sale will result in even higher-than-usual prices at the natural foods stores.

Wal-Mart, You're Getting a Dell
Wal-Mart, You're Getting a Dell
May 24, 2007 1:10 PM CDT

Wal-Mart, You're Getting a Dell

Direct-to-consumer giant will get in-store presence at big-box superstar

(Newser) - Dell is about to expand beyond its traditional direct-to-consumer sales channels in a big way: by making a deal with Wal-Mart. The struggling computer maker and the world's largest retailer announced today that Wal-Mart and Sam's Club stores will start carrying Dell Dimensions next month. The two exclusive models will...

Hillary Downplays History With Wal-Mart

Ex-director keeps some links to retail giant

(Newser) - Throughout her political career, Hillary Clinton has kept quiet about a six-year stint on the Wal-Mart board of directors, the Times reports. She championed environmental issues and the cause of women in management, but with Wal-Mart a popular Democratic Party target, the presidential candidate has been forced to cut many...

Wal-Mart Posts Record Sales Decline
Wal-Mart Posts Record Sales Decline
May 10, 2007 9:10 PM CDT

Wal-Mart Posts Record Sales Decline

Drop in business at megachain worst in 28 years

(Newser) - Wal-Mart reported a 3.5% decline in sales this April, the wost monthly result the retailer has announced in nearly three decades of announcing. The figures, for stores open at least a year, reflect an early Easter, bad weather, and a rejiggered sales calendar that gave Wal-Mart positive numbers in...

Wal-Mart Chokes On Organic Food
Wal-Mart Chokes On
Organic Food
Apr 12, 2007 1:00 PM CDT

Wal-Mart Chokes On Organic Food

Farmers say the company miscalculated demand, manipulated supply

(Newser) - Wal-Mart customers aren't buying organic food, and the farmers who stepped up production to supply the giant discounter are the big losers. A year ago Wal-Mart ballyhooed an aggressive push into organic foods, saying they would offer 400 items at low cost. The company placed massive initial orders, farmers say...

Wal-Mart Drops The Smock
Wal-Mart Drops The Smock
Apr 6, 2007 11:24 AM CDT

Wal-Mart Drops The Smock

Company hopes a preppier look will help attract more upscale customers

(Newser) - Wal-Mart employees are about to ditch their frumpy frocks in favor of a preppier look—khaki pants and dark-blue polos. It's part of a broader initiative to streamline and modernize the megastore's image to attract a new, wealthier customer base, Business Week reports. Other recent upscaling: vinyl wood floors and...

Wal-Mart Drops Out of Bank Biz
Wal-Mart Drops Out of Bank Biz
Mar 18, 2007 10:53 PM CDT

Wal-Mart Drops Out of Bank Biz

(Newser) -  Wal-Mart has withdrawn its controversial application for a bank charter, ending a potential foray into the retail bank market. The big-box retailer’s plans to set up its own bank had drawn fire from banking and consumer groups, who feared it would stifle competition. The company, for its part,...

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