Walmart

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Ben Stein to Wal-Mart: Hands Off Civil War Battlefield

(Newser) - Ben Stein loves Wal-Mart—just don’t put one smack-dab in the middle of a historic Civil War battlefield in Orange, Va. The 1864 Battle of the Wilderness was a turning point in the conflict, Stein writes in the American Spectator, and the “battlefield is incredibly important environmentally and...

Wal-Mart Backs Plan to Make Employers Provide Coverage

(Newser) - President Obama has a big new supporter in his push for health-care reform: Wal-Mart. The nation's largest private employer reversed course today and told the White House it supports the idea of requiring large employers to provide health insurance to workers. Most large corporations, along with the US Chamber of...

Retailers Slash Selection in Response to Recession

(Newser) - A fundamental shift is going on in the consumer product world as retailers decide that less is more, the Wall Street Journal reports. Big national retailers are expected to slash selection by at least 15%, analysts say. Gone will be 30% of Kroger’s cereals, 20 of the 24 tape...

Wal-Mart to Create 22K More US Jobs

But retailer has slowed expansion

(Newser) - Wal-Mart plans to add 22,000 jobs to its US stores this year, down from last year's 33,800 new jobs in the face of slowed expansion. The retailer has gained market share from recession-minded consumers, but hasn't been immune to the downturn, and recently slashed 700 jobs in its...

Recession, Competition Imperil Malls

100 shopping centers could be 'dead' by year's end

(Newser) - A half-century-old American standby is ailing as shopping malls around the country struggle to stay afloat, the Wall Street Journal reports. Same-store sales in shopping centers fell 6.5% in the year ending March 31, and the biggest mall operator has seen sales drop 7.3%. Some 100 malls could...

Green Day Won't 'Censor' Album; Wal-Mart Won't Sell It

(Newser) - Wal-Mart isn’t selling Green Day’s new album because of explicit lyrics, and the band isn’t happy about it. “They won’t carry our record because they wanted us to censor it,” frontman Billie Joe Armstrong tells the AP. 21st Century Breakdown merits a parental-advisory label,...

Oil, Banks Steal 63 From Dow
 Oil, Banks Steal 63 From Dow 
MARKETS
May 15, 2009 3:13 PM CDT

Oil, Banks Steal 63 From Dow

(Newser) - Markets were off today on falling oil prices and a poor showing from the financial industry, the Wall Street Journal reports. The S&P energy index fell 2.4% and Bank of America, Pfizer, and Wal-Mart also saw declines. General Motors, whose low share price no longer significantly affects markets,...

Tech, Banks Push Dow Up 46
 Tech, Banks Push Dow Up 46 
MARKETS
May 14, 2009 3:16 PM CDT

Tech, Banks Push Dow Up 46

(Newser) - Markets climbed today on good performance by technology stocks and a rebound in the financial sector, the Wall Street Journal reports. A key bank index, which dipped earlier as financials sold stock to raise capital, was up almost 4%. The retail sector continued to struggle, with Wal-Mart off 1.9%....

Revamped Dollar Stores Cash In on Recession

More food, cleaner aisles lure shoppers

(Newser) - When the recession sent pinched consumers hunting for bargains, dollar stores were ready. Cluttered aisles of cheap treasures have been replaced with stocked fridges and neat rows of mustard and canned beans. Half of US households now shop at dollar stores monthly, and 18% more $100,000-plus households started frequenting...

Stocks Flat as Jobless Ranks Grow
 Stocks Flat as 
 Jobless Ranks Grow 
Market Open
May 14, 2009 8:53 AM CDT

Stocks Flat as Jobless Ranks Grow

(Newser) - Stocks crept slightly higher today, with the Dow up 22 points and the Nasdaq and S&P up 10.42 and 2.48 respectively. Wal-Mart gained 1% on an earnings report precisely in line with expectations, and Kohl’s better-than-expected number sent it up 2%. But any optimism was offset...

Stocks Up on Sunny Jobs Data
 Stocks Up on Sunny Jobs Data 
Market Open
May 7, 2009 8:43 AM CDT

Stocks Up on Sunny Jobs Data

(Newser) - Stocks were up again this morning, after promising unemployment numbers, the Wall Street Journal reports. The Dow rose 53 points, while the Nasdaq and S&P advanced 0.5% and 1% respectively. Wal-Mart reported a strong quarter, pulling retail stocks higher, while banks shot up ahead of stress test results....

Exxon Retakes Top Spot in Fortune 500

Wal-Mart slips to second in 'worst-ever' year for the 500

(Newser) - Exxon Mobil snagged a whopping $443 billion in revenue to unseat Wal-Mart from the top spot in this year's Fortune 500 list, CNN reports. The two behemoths thrived on jacked-up oil prices and the recession respectively, but the picture was a lot bleaker for most of the rest of the...

Wal-Mart Gives Workers $2B in Bonuses, Rewards

(Newser) - The recession has been kind to Wal-Mart, and it’s decided to share the wealth with the wage slaves. The mega-discounter will dole out about $2 billion in financial incentives to its hourly workers, Reuters reports, including $933.6 million in bonuses and $788.8 million in profit-sharing and 401(k)...

Wal-Mart Crushing Target
 Wal-Mart Crushing Target 
Mar 14, 2009 11:18 AM CDT

Wal-Mart Crushing Target

(Newser) - In theory, Target should be thriving in the recession because it's a discount retailer. In reality, it's in a funk, even as rival Wal-Mart flourishes, reports Time. The difference? Target is viewed as a place to buy nice clothes at nicer prices—and right now, nice clothes seem like a...

Wal-Mart to Offer Doctors Digital Health Record System

(Newser) - Wal-Mart is moving to provide a low-cost way for physicians in small offices to use electronic health records, the New York Times reports. The company—teaming with Dell for computers and eClinicalWorks for software—plans to offer a system for under $25,000, about half the current cost. The idea...

GM Drives Stocks Back Down
 GM Drives Stocks Back Down 
MARKET Open
Mar 5, 2009 8:49 AM CST

GM Drives Stocks Back Down

I bet you didn't even notice the pun

(Newser) - Bears made short work of yesterday’s rally, driving the Dow down 120 points at the open today after GM said its auditors doubted it could continue operating. The S&P sunk roughly 2%, while the Nasdaq fell 1.6%. GM shares plummeted 13%, and are trading below $2. Ford...

Food Network Cooks Up Winning Web Strategy

Revenue growth from Web offerings burns the competition

(Newser) - Food Network has found the recipe for double-digit revenue increases during one of the harshest first quarters for media companies in recent memory, Advertising Age reports. Turns out it’s guacamole. FoodNetwork.com saw a 44% spike in ad revenue in January, in large part due to viewers seeking recipes...

'Insourcing' Is Recession's DIY Buzzword

From hairdressing to gardening, 'insourcing' is hot

(Newser) - The recession is prompting Americans to forgo luxuries—and that means doing for themselves what they would once have paid someone else to do, the Washington Post reports. Starter sewing-kit sales have soared 30%; landscapers are losing business; customers are forsaking salons to dye their own hair. The trend is...

Food Spending Turns Anorexic
 Food Spending Turns Anorexic 
Feb 13, 2009 9:36 AM CST

Food Spending Turns Anorexic

Restaurants, name-brand food hit hard as diners opt for cheaper fare

(Newser) - Americans have trimmed their food spending sharply, hitting restaurants, food retailers, and brand-name food producers squarely in the gut, the Wall Street Journal reports. In the last quarter of 2008, spending on food plunged an inflation-adjusted 3.7% from the previous quarter, the steepest decline since the government began keeping...

Dow Up 106; Hope for a Bottom
 Dow Up 106; Hope for a Bottom 
MARKETS
Feb 5, 2009 3:18 PM CST

Dow Up 106; Hope for a Bottom

MasterCard's success boosts financials

(Newser) - Stocks rebounded after initially falling lower today, as investors snapped up bargains from depressed equities, MarketWatch reports. MasterCard led advances with a 14% gain after beating profit estimates. Wal-Mart was another strong performer, rising 4.33% on strong January sales. The Dow closed up 106.41 at 8,063.07....

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