Tagged: wal-mart stores inc.

Amazon's Surprise 2Q Profit Pushes Market Cap Past Wal-Mart

by Associated Press 7/24/2015 11:13 am

It's official: Amazon is bigger than Wal-Mart. Amazon shares surged 15 percent on Friday after the e-commerce powerhouse reported a surprise second-quarter profit and a better-than-expected 20 percent jump in revenue. The sharp increase in shares brought Amazon's market value to $259.1 billion, more than its biggest rival, Wal-Mart Stores Inc.

Wal-Mart Buying Remaining Stake in China's Yihaodian

by Associated Press 7/23/2015 6:51 am

Wal-Mart has purchased the remaining stake in Chinese online retailer Yihaodian as it looks to expand its presence in the country and take advantage of the shift to online shopping.

Wal-Mart Sees Shopping Surge for Rival Sale to Amazon

by Anne D'Innocenzio, The Associated Press 7/16/2015 2:39 pm

Wal-Mart says its counter-offensive against Amazon's big sale called Prime Day seemed to pay off.

Wal-Mart Accused of Same-Sex Bias in Class-Action Lawsuit

by Associated Press 7/14/2015 11:07 am

A Massachusetts woman filed a class-action lawsuit Tuesday accusing Wal-Mart of wrongly denying employee benefits for same-sex spouses.

Answering Amazon, Wal-Mart Plans Online Sales Day This Week

by Anne D'Innocenzio, The Associated Press 7/14/2015 6:57 am

The online price fight as well as the bickering is heating up between Wal-Mart and Amazon.com, and it's not even the holiday shopping season.

Wal-Mart Suppliers Grapple with 'Made in USA' Label

by Reuters 7/13/2015 11:10 am

Wal-Mart's 2015 U.S. Manufacturing Summit highlighted the challenges facing companies trying to bring manufacturing jobs back to the United States.

Investigator: Oklahoma Wal-Mart Manager Helped Steal $75K

by Associated Press 7/10/2015 7:31 am

An Oklahoma Wal-Mart store manager and his stepdaughter played key roles in allowing a man disguised as an armored truck driver to walk into the store and stroll out with about $78,000, police said Thursday.

In Bentonville, Commerce Secretary Announces More Manufacturing Regions

by Associated Press 7/8/2015 3:59 pm

U.S. Secretary of Commerce Penny Pritzker says 12 communities across the U.S. will receive special attention and access for federal funding to help attract manufacturing companies and create jobs.

Wal-Mart Summit Brings Together Government, Business

by Marty Cook 7/8/2015 11:48 am

U.S. Commerce Secretary Penny Pritzker on Wednesday praised Wal-Mart Stores Inc. for its initiative to buy more American-made goods and support the nation’s manufacturing industry. Pritzker was the keynote speaker at the opening session at the U.S. Manufacturing Summit that Wal-Mart hosted at Bentonville High School.

LPGA Tourney Showcases Northwest Arkansas

by Marty Cook 7/6/2015 12:00 am

The ninth edition — now officially the Wal-Mart NW Arkansas Championship Presented by P&G — was won by Na Yeon Choi on June 28 in front of large crowds, most of whom were rooting for former University of Arkansas star Stacy Lewis, who finished in a tie for third.

Public Advocate: NYC Funds Should Divest from Wal-Mart

by Associated Press 7/1/2015 10:55 am

New York City Public Advocate Letitia James is calling for the city's pensions funds to divest from Wal-Mart.

Bentonville's Thrive Apartments Full After One Month

by Arkansas Business Staff 6/29/2015 12:00 am

Thrive Apartments, a mixed-used complex with 62 units, are at the intersection of Southwest A and Southwest Fourth streets a few blocks off the downtown Bentonville square. ERC Cos. of Barling built the complex through its in-house ERC Construction and it opened June 1.

Wal-Mart’s Job 1 (Gwen Moritz Editor's Note)

by Gwen Moritz 6/29/2015 12:00 am

When Wal-Mart announced in February that it would raise the hourly pay of its lowest-paid employees to at least $10 within the following 12 months, I thought the company had finally decided its Everyday Low Price strategy might not be the be-all and end-all at Wal-Mart going forward.

Northwest Arkansas Transforming Into a Tech Hub

by Marty Cook 6/29/2015 12:00 am

Northwest Arkansas isn’t California’s Silicon Valley and has a long way to go before it can be considered remotely comparable, but technology industry leaders say the area is proving to be on the short list of best places in the field.

Wal-Mart SVP Rick Webb: NWA Needs Employees Educated in STEM

by Marty Cook 6/29/2015 12:00 am

Wal-Mart needs vast numbers of technologically advanced workers and needs them as soon as possible, says SVP Rick Webb.

Wal-Mart Imposes Charges on Suppliers as Costs Mount

by Reuters 6/24/2015 9:30 am

Wal-Mart Stores will begin charging fees to almost all vendors for stocking their items in new stores and for warehousing inventory, raising pressure on suppliers as the world’s largest retailer battles higher costs from wage hikes.

Facebook Now Worth More than Wal-Mart on Stock Market

by Associated Press 6/24/2015 7:01 am

Facebook is now bigger than Wal-Mart, at least when it comes to its value on the stock market. The world's biggest online social network knocked the world's largest retailer out of the top 10 list of the highest-valued companies in the Standard & Poor's 500 index.

Wal-Mart Removing Confederate Flag Items from Stores, Online

by Associated Press 6/23/2015 6:48 am

Wal-Mart said Monday it is removing any items from its store shelves and website that feature the Confederate flag.

Wal-Mart Used Charity to Ease Market Entry, Critics Say

by Reuters 6/16/2015 9:12 am

A collection of labor and community groups filed a complaint with the Internal Revenue Service accusing Wal-Mart Stores Inc's charitable foundation of violating its tax exempt status by using donations in an attempt to facilitate store openings in urban areas.

Corporate Citizenship (Editorial)

by Arkansas Business Editors 6/15/2015 12:00 am

The cost of a customer rewards campaign by a Canadian bank giving away flowers and baseball tickets had to have been dwarfed by the enormous goodwill it generated. So how much greater then is the goodwill generated by something like Murphy Oil Corp.’s El Dorado Promise?