Wal-Mart Stores, Inc. (NYSE:WMT) reported earnings Thursday that just missed the Wall Street expectations, helped by low traffic in US stores resulting in a decline in the retailer’s revenue. Wal-Mart Stores Earnings Details For the first quarter, the retail giant posted adjusted earnings of $1.14 per share compared to $1.09 per share in the prior year-ago period. Revenue for the quarter was up marginally from the $113.02 billion a year ago to $114.19 billion....
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T-Mobile USA, Inc. (TMUS) will launch the Nokia Corporation (ADR) (NYSE:NOK) Lumia 521 in stores on May 22nd. For those who don’t want to wait, they can stop by at Wal-Mart Stores, Inc. (NYSE:WMT) and purchase the phone for $130 which is full retail price. When the phone finally comes to T-Mobile, you can put a down payment of $30 down and $5 every month for the next two years. The Lumia 521 features a four-inch...
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Wal-Mart Stores, Inc. (NYSE:WMT) has regained the No. 1 spot in the Fortune 500 list owing to a shift in the focus towards low prices. The changed strategy has helped the big box retailer to reclaim the top spot as the nation’s biggest-grossing company, reveals a Fortune 500 list announced today morning by the Fortune Magazine. Last year, the retailer slipped to the second spot in the rankings. The Fortune 500 rankings consider the revenues...
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The White House expressed gratitude to the American companies that hired or trained veterans and military spouses including The Blackstone Group L.P. (NYSE:BX), Wal-Mart Stores, Inc. (NYSE:WMT), United Parcel Service, Inc. (NYSE:UPS), Deloitte LLP, and The International Franchise Association (IFA). Since President Barack Obama’s challenge in 2011, American companies hired or trained 290,000 veterans, nearly three times the 100,000 target by 2013. In August last year, First Lady Michelle Obama said that companies committed...
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General Electric Company (NYSE:GE) is no longer making loans with gun shops through its subsidiary GE Capital Retail Bank. The Wall Street Journal reports that more than one gun shop owner has received a letter from GE Capital saying that it decided to stop offering financial services to their stores. The company is at least the second large lender to pull back from loaning to gun shops in the wake of the Newtown, Conn. School...
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Exxon Mobil Corporation (NYSE:XOM), Apple Inc. (NASDAQ:AAPL), Google Inc (NASDAQ:GOOG), Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B) and Wal-Mart Stores, Inc. (NYSE:WMT) are now the five biggest companies in the world according to market value. Data compiled by Bloomberg shows that this hasn’t happened in eight years. The Chinese company PetroChina Company Limited (NYSE:PTR) (HKG:857) (SHA:601857) and two other Chinese stocks were in the top five last year, but PetroChina is now at number six—the top...
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Ebay Inc (NASDAQ:EBAY) released its earnings report for the first three months of 2013 on Wednesday April 17 after the market closed. The company reported earnings per share of $0.63 for the quarter on revenues totaling $3.85 Billion. On today’s market, the firm’s shares trended down, closing at $56.10 down 1.6%. Analysts were looking for earnings per share of 62 cents from eBay Inc (NASDAQ:EBAY), on quarterly revenue of $3.8 billion. In the first...
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At least three major retailers have suddenly slashed prices on iPads, and if history means anything, we could see a refreshed model soon and it would be released much earlier than expected. In February, Apple Inc. (NASDAQ:AAPL) released the 128-gigabyte iPad, but it didn’t have anything new on it except extra storage space. Philip Elmer-DeWitt of Fortune was the first to point out the price cuts this morning. IPad prices have been slashed at Wal-Mart...
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Truly original ideas rarely remain that way. Wal-Mart Stores, Inc. (NYSE:WMT)’s insistence on killing Main Street in small towns and with it the death of “Mom and Pop” stores, was an original idea when they invested so heavily in their infrastructure that small business couldn’t compete. Amazon.com, Inc. (NASDAQ:AMZN), of course, took this torch and went running with it quite admirably when they shifted from simply selling books to selling, well, everything. It’s difficult...
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Wal-Mart Stores, Inc. (NYSE:WMT)’s Scan & Go program was started last year at the company’s home office of Bentonville, Ark and currently is in a testing phase in about 70 stores across the United States. Wal-Mart now plans to expand the program to more than 200 stores by next year. Wal-Mart runs more than 4,000 stores. The Scan & Go program is currently available on devices running Apple Inc. (NASDAQ:AAPL)’s iOS, but an Android-compatible version will...
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Leslie Dach, executive vice president of corporate affairs of Wal-Mart Stores, Inc. (NYSE:WMT), is leaving the company in June. Dach has been serving the company for seven years and he was responsible for transforming the company’s reputation. Wal-Mart Stores, Inc. (NYSE:WMT) hired Dach in 2006 amid its effort to reinvent its image due to different controversies such as allegations that it is not treating it workers properly and the bribery in Mexico. Dach was...
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