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Wal-Mart Stores, Inc. (WMT)

  • Jun. 20, 2011, 10:56 AM
    Wal-Mart (WMT +1.1%) wins at the Supreme Court on its sex-discrimination class-action case, as justices say it can't proceed in its current form. The class lacked "glue holding together the alleged reasons" for all the employment decisions, and the case didn't provide proof that a "general policy of discrimination" was in place.
    | Jun. 20, 2011, 10:56 AM | 6 Comments
  • Jun. 20, 2011, 9:54 AM
    Wal-Mart (WMT +0.1%) closes a deal to acquire a 51% stake in South African-based Massmart (MMRTY.PK) for 148 rand, or $21.80, per Massmart ordinary share. Under the agreement, Wal-Mart will be entitled to nominate the chairman and three non-executive directors to Massmart's board. However, Wal-Mart has asked Massmart's Mark Lamberti to stay on as chairman.
    | Jun. 20, 2011, 9:54 AM | Comment!
  • Jun. 16, 2011, 3:27 PM
    James Altucher's eight reasons most people stink at trading stocks, and what to do instead: Copy someone like Warren Buffett who really knows what he's doing... or has been flat lucky. These days, Buffett is into stocks like these: MA, GSK, SNY, XOM, UPS, COST, WMT, WPO, WFC.
    | Jun. 16, 2011, 3:27 PM | 2 Comments
  • Jun. 15, 2011, 4:28 PM
    Wal-Mart (WMT) may not be cheapest any more, based on an Avondale analyst's survey that found Dollar General (DG) prices at parity after adjusting for product sizes. Wal-Mart appears to be driving customers to spend more through purchasing larger sizes, but Dollar General may be "best positioned" in a time of rising commodity costs driving higher prices for consumables.
    | Jun. 15, 2011, 4:28 PM | Comment!
  • Jun. 7, 2011, 1:51 PM
    The Walton family will soon be back in charge of Wal-Mart (WMT), as their stake looks poised to surpass 50% as a result of the retailer's $15B share buyback. NYSE rules mean Wal-Mart no longer must ensure that most of its directors are independent - bad news for investors, Reuters Breakingviews writes.
    | Jun. 7, 2011, 1:51 PM | 5 Comments
  • Jun. 3, 2011, 10:14 AM
    Wal-Mart (WMT +0.2%) plans a share repurchase of as much as $15B, replacing a previous program that had $2B remaining for repurchase. "We are on the right track," CEO Bill Simon tells shareholders; U.S. shoppers are responding to the company's refocus on everyday low prices and its moves to bring back 8,500 items to store shelves.
    | Jun. 3, 2011, 10:14 AM | 3 Comments
  • Jun. 1, 2011, 1:54 PM
    Warnings from bellwether techs and retailers may show economic reality biting into overly optimistic earnings forecasts. Lofty fundamentals are driving this market, so when the economic underpinnings start to weaken, look out below.
    | Jun. 1, 2011, 1:54 PM | Comment!
  • May 31, 2011, 8:48 AM
    South Africa approves Wal-Mart's (WMT +0.4%) $2.4B bid for retailer Massmart (MMRTY.PK) without conditions on local procurement that could have led to Wal-Mart abandoning the deal. Unions, though, had threatened the "mother of all boycotts" if the deal were approved. (previous)
    | May 31, 2011, 8:48 AM | Comment!
  • May 30, 2011, 8:24 AM
    South Africa's competition regulator will tomorrow announce its decision on Wal-Mart's (WMT) $2.4B offer for 51% of local retailer Massmart (MMRTY.PK). Wal-Mart's bid is seen as a test case for major foreign investment in South Africa. (previous)
    | May 30, 2011, 8:24 AM | Comment!
  • May 29, 2011, 8:30 AM
    Wal-Mart (WMT) appoints a CFO and COO for its China ops, moving quickly to fill positions that became vacant on May 21. Wal-Mart is relying on China and other emerging markets such as Brazil and Mexico to supply growth as U.S. sales falter.
    | May 29, 2011, 8:30 AM | 2 Comments
  • May 24, 2011, 9:31 AM
    Two of Wal-Mart's (WMT) top executives in China resign "to explore other opportunities." Though accounting for just 2% of its global revenue, China offers the possibility of growth the company isn't getting in the U.S.
    | May 24, 2011, 9:31 AM | 1 Comment
  • May 17, 2011, 7:14 AM
    More on Wal-Mart's (WMT) earnings: Q1 comparable sales -1.1%, around the mid-point of the company's guidance. Walmart International "remains the key growth driver for our company." (PR)
    | May 17, 2011, 7:14 AM | Comment!
  • May 17, 2011, 7:11 AM
    Wal-Mart (WMT): Q1 EPS of $0.98 beats by $0.03. Revenue of $103.4B (+4.4% Y/Y) beats by $0.5B. Sees Q2 EPS at $1.05-1.10. (PR)
    | May 17, 2011, 7:11 AM | Comment!
  • May 17, 2011, 12:05 AM
    Notable earnings Before Tuesday's open: DKS, HD, HPQ, SKS, TJX, VOD, WMT
    | May 17, 2011, 12:05 AM | Comment!
  • May 16, 2011, 11:41 AM
    Wal-Mart (WMT +0.5%) says it might walk away from its $2.4B Massmart (MMRTY.PK -0.5%) merger if South Africa imposes supplier conditions and worker rehires favored by its Competition Commission. The companies say they won't accept conditions, but are still sending trial balloons of possible voluntary pledges. (previously)
    | May 16, 2011, 11:41 AM | 1 Comment
  • Apr. 28, 2011, 11:32 AM
    "Purchases are really dropping off by the end of the month," says Wal-Mart (WMT) CEO Mike Duke, blaming higher fuel costs for his customers running out of dough. With his position perhaps giving him a better view of the economy than the FOMC, Duke also recently warned to expect much higher inflation.
    | Apr. 28, 2011, 11:32 AM | 10 Comments
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Company Description
Wal-Mart Stores Inc operates retail stores in various formats under various banners. Its operations comprise of three reportable business segments, Walmart U.S., Walmart International and Sam's Club in three categories retail, wholesale and others.