Walmart.com glitch whacks some prices
Wal-Mart Stores Inc. said an internal, technical glitch, not a computer hacker, caused some products on walmart.com to be listed and sold at drastically low prices early Wednesday. For instance, a digital projector previously shown on the website with a $580 sales price was offered for $8.85. Other items in the electronics category also carried the $8.85 price tag.
Several online products were said to be sold out before the problem was resolved. Wal-Mart spokesman Bao Nguyen said Wednesday that the company was notifying affected customers that their orders have been canceled and full refunds will be provided. The retailer also will send those customers $10 gift cards that can be used at Wal-Mart stores or on the website.
Nguyen said that until the error is remedied, use of the website may be intermittent. Walmart.com offers millions of products online, and all have to be checked for the pricing glitch.
- Cyd King
Windstream to give 3rd-quarter review
Windstream Holdings Inc. will hold a conference call at 7:30 a.m. today to discuss the company’s third-quarter financial results.
The call can be accessed by calling 1 (877) -374-3977 and using the ID number 65100623.
Windstream Holdings’ board of directors on Wednesday declared a quarterly dividend of 25 cents per share of the company’s common stock.
The dividend is payable Jan. 15, 2014, to shareholders of record as of Dec. 31, 2013.
Windstream reported a net income of $40 million in the second quarter of fiscal 2013, down 21.5 percent from $51 million in the same period in 2012.
Revenue fell from $1.53 billion in 2012 to $1.51 billion in the quarter.
Windstream’s earnings per share for the second quarter was 6 cents per share.
- Jessica Seaman
Arkansas Index falls 1.28, but 9 stocks up
The Arkansas Index, a price-weighted index that tracks the largest public companies based in the state, dropped 1.28 to 310.23 Wednesday.
“U.S. stocks ended mostly higher after Federal Reserve officials indicated economic weakness warrants continued stimulus,” said John Blackwell, senior vice president and managing director of equity trading at Stephens Inc. in Little Rock. “The Arkansas Index fell as nine stocks advanced and eight declined.”
Volume for the index was 22.9 million shares.
The index was developed by Bloomberg News and the Arkansas Democrat-Gazette with a base value of 100 as of Dec. 30, 1997.
Business, Pages 27 on 11/07/2013