Wal-Mart News
RSSWal-Mart among retailers opting out of Visa, MasterCard deal
Wal-Mart Stores Inc. and Starbucks Corp. are among 19 companies opting out of a $7.25 billion antitrust settlement with Visa Inc. and MasterCard Inc. over fees charged to merchants to process credit-card transactions. Continue reading...
Retailer files suit so critics keep out
Wal-Mart seeks a protest shield
Wal-Mart has filed a lawsuit in Benton County Circuit Court to prevent several anti-Wal-Mart groups from trespassing on store property — specifically to prevent the groups from engaging in past activities, such as unlawful picketing, demonstrations, disrupting customers and confronting managers. Continue reading...
Business news in brief
QUOTE OF THE DAY “I’m not surprised major hubs have fared better.The larger the population base, the more potential travelers.” John Parker, Fort Smith Airport director, about a new study showing small U.S. airports have lost commercial airline flights over the past five years. Article, 1D Continue reading...
Retailer must let suits use bribe file
Plaintiffs favored over Wal-Mart
Wal-Mart Stores can’t block investors from using publicly disclosed internal files in lawsuits that claim that company directors failed to properly oversee executives accused of bribing Mexican officials, a judge said Thursday. Continue reading...
Wal-Mart earnings rise 4.6%
With same-store sales slip, analyst calls quarter ‘ho-hum’
Wal-Mart Stores Inc. reported lackluster first-quarter earnings per share of $1.14 Thursday, blaming the outcome on a longer-than-usual winter and a delay in income tax return checks being issued in the critical first part of the quarter. Continue reading...
Wal-Mart profit ticks up, trails forecasts
Wal-Mart Stores Inc. reported Thursday first-quarter net income of $3.78 billion, up about 1.1 percent from the $3.74 billion earned in the previous first quarter. Continue reading...
Business news in brief
QUOTE OF THE DAY “Twenty-five percent of Arkansans don’t have health insurance today, but they’re still going to the doctor or the emergency room or the hospital.Those providers are essentially not able to get payment for those individuals, so they shift the cost over to those people who do have insurance and are paying higher rates.” Joe Thompson, State surgeon general and director of Arkansas Center for Health Improvement, on proposals to lower health-care prices charged by hospitals, doctors and other providers Article, 1D Continue reading...
Visa, MasterCard suit sees LR file objection
Transaction-fee deal widely opposed
Little Rock signed on Wednesday with hundreds of other cities and companies — including Arkansas-based Wal-Mart Stores Inc. — that have objected to a multi-billion dollar settlement of an antitrust lawsuit against Visa Inc. and MasterCard Inc. Continue reading...
Prepaid cards of retailer assailed
Banks: Services are unregulated
A group of bankers advising the Federal Reserve urged U.S. regulators to consider preventing Wal-Mart Stores from offering some financial services. Continue reading...
