Analyst lifts PetSmart to 'Buy,' says co. likely to benefit when discretionary spending liftsOctober 5th, 2009 Analyst raises PetSmart to 'Buy' from 'Neutral'NEW YORK — PetSmart Inc. climbed Monday as an analyst upgraded the pet food and products retailer, saying the company will likely benefit when discretionary spending picks up with an potential 2010 economic recovery.
Wal-Mart agrees to pay Mass. $3M to settle claims it shortchanged workers on meal breaksSeptember 24th, 2009 Wal-Mart to pay Mass. $3M to settle meals claimsBOSTON — The Massachusetts attorney general says Wal-Mart has agreed to pay $3 million to settle complaints that it didn't give some employees proper meal breaks.
Analyst expects growth in emerging markets to drive earnings, sales for Wal-Mart StoresSeptember 21st, 2009 HSBC tags Wal-Mart Stores with 'Outperform' ratingNEW YORK — Wal-Mart Stores Inc.'s expansion in fast-growing emerging markets will fuel earnings and revenue growth, an analyst said on Monday, while giving shares of the world's largest retailer an "Outperform" rating. HSBC analyst Francisco Chevez said Wal-Mart will continue expanding in emerging markets, such as Brazil, India, China and Russia, eventually, by 2011.
Wal-Mart recalls 1.5 million Durabrand DVD players after reports of overheating, firesAugust 20th, 2009 Wal-Mart recalls 1.5 million Durabrand DVD playersWASHINGTON — Wal-Mart Stores Inc. is voluntarily recalling about 1.5 million Durabrand DVD players after the company said it received five reports of the products overheating, leading to fires and property damage.
J.M. Smucker Co.'s to report first-quarter results FridayAugust 19th, 2009 Earnings preview: J.M. Smucker Co.PORTLAND, Ore.
Kiss to release first album of new music in a decade exclusively through Wal-Mart, Sam's ClubAugust 17th, 2009 Kiss to release new album at Wal-Mart, Sam's ClubNEW YORK — Wal-Mart is being embraced with a Kiss. The veteran heavy metal group, Kiss, is joining a growing list of classic acts putting out new music through the world's largest retailer.
Wal-Mart Stores to report 2nd-quarter results on ThursdayAugust 11th, 2009 Earnings Preview-Wal-Mart Stores Inc.NEW YORK — Wal-Mart Stores Inc., the world's largest retailer, reports earnings for the second quarter on Thursday before the market opens. The following is a summary of key developments and analyst opinion related to the period.
Union-backed groups consolidate anti-Wal-Mart efforts; merger of groups is plannedJuly 31st, 2009 Anti-Wal-Mart groups mergeLITTLE ROCK, Ark. — Two union-backed groups announced Friday they are merging so they can consolidate their efforts to pressure Wal-Mart Stores Inc.
Mick Jones says he's hoping Wal-Mart deal will bring awareness to ForeignerJuly 30th, 2009 Mick Jones talks about Foreigner's Wal-Mart dealNEW YORK — Mick Jones has watched classic rock bands like the Eagles, AC/DC and Journey reach new levels of popularity thanks to Wal-Mart; now he wants his band, Foreigner, to get in on the action. Jones says he wants the band — which is releasing a three-disc set through Wal-Mart Stores Inc.
Wal-Mart taps staff attorney for top diversity positionJune 22nd, 2009 Wal-Mart names new diversity executiveBENTONVILLE, Ark. — Wal-Mart Stores Inc.
Bharti Wal-Mart opens its first cash and carry store in AmritsarJune 9th, 2009 AMRITSAR - With the Government allowing Foreign Direct Investment (FDI) in wholesale retailing, Bharti Wal-Mart private limited, the joint venture between Bharti enterprises and Wal-Mart has opened its first cash-and-carry store-in Amritsar. The first sales outlet of Wal-Mart has been opened in India as part of an ambitious plan to establish a foothold in the country's vast consumer market.
Wal-Mart announces new $15B share repurchase program at annual meetingJune 5th, 2009 Wal-Mart announces $15B share repurchaseFAYETTEVILLE, Ark. — Wal-Mart Stores Inc.
Large retailers offer more basics in bid to draw traffic and repeat Wal-Mart's successJune 3rd, 2009 Retailers emulate Wal-Mart's focus on necessitiesNEW YORK — As Wal-Mart prepares for its annual shareholder meeting Friday, several large retailers are emulating the king of one-stop shopping and offering more necessities. The stores are trying to keep registers humming, as Wal-Mart has, amid a recession that has pushed consumers to cut back spending to essentials — food, cleaning products and other consumables.
Wal-Mart posts flat profit for 1st quarter as discounter feels impact of stronger dollarMay 14th, 2009 Wal-Mart profit flat on impact of strong dollarLITTLE ROCK, Ark. — With plenty going wrong in the global economy, Wal-Mart Stores Inc.
NY prosecutor ends investigation into Wal-Mart trampling death, creates pact with retailerMay 6th, 2009 Investigation of NY Wal-Mart trampling death endsMINEOLA, N.Y. — Wal-Mart will establish a fund for victims and implement improved safety measures as part of a deal with New York prosecutors to avoid criminal charges stemming from the death of a worker trampled by post-Thanksgiving bargain-hunters last year.
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