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Wal-Mart Stores, Inc. (WMT)

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  • Jan. 31, 2011, 9:54 AM
    Disappointing December sales have forced Wal-Mart (WMT -1.3%) to take drastic steps to clear stores and warehouses of excess goods, according to NY Post. Wal-Mart is hitting up vendors for cash to offset the cost of markdowns in a bid to shore up Q4 earnings, the report says, and is canceling or asking for discounts on later orders until older stuff is sold.
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  • Jan. 28, 2011, 3:23 PM
    Dividend hikes are a major reason for the Dow's flirtation with 12,000, and 24/7's Jon Ogg forecasts eight great dividend increases you could see later in 2011: AWK, CSCO, XOM, FDX, GE, HPQ, JPM, WMT.
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  • Jan. 26, 2011, 5:06 PM
    Following Target's (TGT) $1.83B takeover of Canadian retailer Zeller's, Wal-Mart (WMT) plans to invest $500M over the next year to open 40 super-center stores (combination of new stores and upgrades to existing). This will push WMT's store count north of the border to 333.
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  • Jan. 26, 2011, 11:55 AM
    Wal-Mart (WMT) and Carrefour (CRERY.PK) run afoul of China's inflation concern as the NDRC fines the retailers over misleading pricing. PetroChina (PTR) and China Petroleum (SNP) were in the NDRC's sites earlier, fined for selling diesel above state-set prices.
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  • Jan. 24, 2011, 9:18 AM
    Amazon (AMZN +0.4%) is testing a free grocery delivery service with apparent plans to expand it through the U.S. Amazon hopes to become the retailer of choice for household purchases, becoming a "virtual" Wal-Mart (WMT). The real Wal-Mart is already trying to fend off such a challenge with its own online strategy.
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  • Jan. 20, 2011, 8:47 AM
    Wal-Mart (WMT) plans to reformulate thousands of products to make them healthier, and will push its suppliers to do the same. Sources say first lady Michelle Obama will join Wal-Mart executives at an event today to launch the effort.
    | 7 Comments
  • Jan. 18, 2011, 8:10 AM
    Wal-Mart's (WMT) $2.3B bid for Massmart (MMRTY.PK) is set to move ahead, after ~79% of Massmart shareholders approve the deal. Highly influential COSATU, S.Africa's largest labor union, warns it will organize the "mother of all boycotts" in opposition.
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  • Jan. 12, 2011, 8:15 AM
    Following on from Goldman's bullish call on stocks and the economy, its top picks for 2011 - a year it says will favor cyclicals: XOM, AAPL, GE, IBM, CVX, JPM, WFC, BAC, BRK.B and INTC. Should-avoids: MSFT, GOOG, PG, T, JNJ, KO, PFE, ORCL, WMT and MRK.
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  • Jan. 11, 2011, 9:24 AM
    Marks and Spencer (MKS.L) falls 2.42% in London as it warns that rising inflation is squeezing margins. More upscale than Tesco (TESO) or Asda (owned by Wal-Mart), M&S still faces pressure to compete on at least some pricing with those chains.
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  • Jan. 10, 2011, 12:19 PM
    RadioShack (RSH) is -5.7% on expectation its finances will suffer if Verizon (VZ) and Apple (AAPL) formally announce their iPhone union. RadioShack depends heavily on mobile phone sales, isn't a Verizon partner, and just lost its kiosks in Sam’s Club (WMT), to boot. This is likely to be a "tough week" for RSH, notes Goldman Sachs.
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  • Jan. 10, 2011, 8:28 AM
    Indonesian retailer Matahari decides to hold off on the $1B sale of its hypermarket business, despite interest from Wal-Mart (WMT) and others, after bids reportedly came in too low. Instead, Matahari will seek a global partner to expand its business, which still leaves some room for the spurned bidders to get involved.
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  • Jan. 7, 2011, 10:36 AM
    The 10 companies expected to be the most profitable in 2011, as calculated by 24/7 Wall Street: XOM, MSFT, CVX, JPM. PFE, AAPL, BAC, IBM, WFC, WMT.
    | 2 Comments
  • Jan. 5, 2011, 4:34 PM
    Online retail spending for the 2010 November - December 2010 holiday season rebounded to hit a record $32.6B, a 12% surge over the same time in 2010, says comScore. Retailers drove this through discounts, free shipping, and extra-long promotions. It no doubt cost a lot to boost these online sales, too.
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  • Dec. 29, 2010, 12:06 PM
    Ailing eBay (EBAY) saw global mobile sales rise to $230M in the 2010 holiday shopping season, up 166% from the same period in 2009. And U.S. mobile sales surged 134% over the same period last year, generating nearly $100M. eBay is -0.6%.
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  • Dec. 28, 2010, 8:27 AM
    Money continues to flow into China's online sector. Wal-Mart (WMT) leads a group investing $500M in 360buy, China's largest e-commerce electronics seller. 360buy competitor China Dangdang (DANG) recently raised $272M in an IPO. The dominant online retailer is Taobao, owned by Alibaba (ALBCF.PK).
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  • Dec. 27, 2010, 5:13 PM
    Amazon's (AMZN) newly patented returns technology may someday allow recipients of unwanted gifts to exchange them before they've even arrived. If Amazon does roll out the feature, it could change the way everyone sends gifts - so expect a bit of resistance. Amazon closed at -0.2%.
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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.