Seeking Alpha
Seeking Alpha Portfolio App for iPad
Finance
(1)
Market Currents

Wal-Mart (WMT +0.4%) falls on the radar of Chinese food regulators again after getting slammed...

  • Thursday, June 14, 2012, 9:35 AM ET
    Wal-Mart (WMT +0.4%) falls on the radar of Chinese food regulators again after getting slammed by a pork-labeling scandal last fall. Beijing's Food Safety Administration alleges that the company violated food safety standards by selling sesame oil with dangerous levels of cadmium. Industry insiders are taking the flareup with a bit of a jaundiced eye, given that this week is food safety week in the nation and the government typically pulls out an eye-popping headline.
Track new comments on this story

This news story has 5 comments:

  • Cigarettes are also a significant source of cadmium exposure. ...
    Workers can be exposed to cadmium in air from the smelting and refining of metals, or from the air in plants that make cadmium products such as batteries, coatings, or plastics. (wikipedia)

    Not a Walmart lover, but the air in Beijing is most toxic.
    14 Jun 2012, 10:00 AM Reply Like
  • What's worse than the Walmart whiners and pumpers? Walmart advances its business via bribery - no big deal. Walmart lies aboiut their new found integrity at the shareholders meeting then announces the practice is more widespread than they had admitted. Walmart uses tainted ingredients. So unfair for any regulation or ethical standard to apply for poor Walmart.
    14 Jun 2012, 04:21 PM Reply Like
  • You must believe in central planning, don't you?
    18 Jun 2012, 10:50 AM Reply Like
  • USA sanctimonious and belittling attitude towards the rest of the world make it and its entities a target.
    18 Jun 2012, 10:55 AM Reply Like
  • It has alot to do with envy. If America wasn't succesful as it is, no one would care about it's actions. And China, North Korea, Russia, Iran, Saudi Arabia etc show so much respect to others, don't they? Why do I never hear of the America haters giving the same treatment to other bad actors? The rest of the world are angels and America is the devil, right? Yet, why do so many immigrants want to leave China and seek a better life in America, if, after all, America is so bad? How many people are giving up everything to go and live in China? Not many. Even the wealthy Chinese want to leave China. Most people from Hong Kong who had money obtained other countries' visas before the Chinese took repossession. In Toronto, there are about half a million hong kong ex-pats who came to Canada in the decade before the chinese took over - yet China and it's government, must be so wonderful.
    18 Jun 2012, 02:52 PM Reply Like
Other date
DJIA (DIA) S&P 500 (SPY)