CEO Lee Scott

May 23 (Bloomberg) -- Jack Ehnes, chief executive officer of the California State Teachers' Retirement System, talks about the decision to vote its 5.3 million Wal-Mart Stores Inc. shares against the entire board’s re-election amid a probe into alleged bribery in Mexican operations. Ehnes speaks with Scarlet Fu on Bloomberg Television's "InBusiness." (Source: Bloomberg)Read Full Story

(Reuters) – Wal-Mart Stores Inc posted a better-than-expected quarterly profit on Thursday as its Walmart U.S. division showed a 2.6 percent rise in sales at stores open at least a year, as warm weather and an earlier Easter enticed shoppers to spend. The world’s largest retailer, which was recently rocked by allegations of bribery in Mexico, earned $1.09 per share from continuing operations, compared with a profit of 98 cents a year earlier. Wal-Mart had forecast earnings per share of $1.01...Read Full Story

SAN FRANCISCO Reuters -- EBay Inc and Wal-Mart Stores Inc are developing new Web search engines to better compete against Inc in the fast-growing e-commerce market. As more people shop online, they often end up at the top of a. If you had 1.2 million to burn, what would you buy — a nice house, a fleet of slick cars, your own island Thataposs exactly what collector Brian Seigel did in 2000, when he paid 1.1 million, plus a 15 percent buyeraposs fee, to acquire the T206. www.youtube.com/watch...Read Full Story

May 16 (Bloomberg) -- Daniel Binder, an analyst at Jefferies & Co., Lawrence Shover, chief investment officer at SFG Alternatives, and Timothy Biggam, lead options strategist at TradingBlock, talk about the outlook for Wal-Mart Stores Inc. They speak with Trish Regan on Bloomberg Television's "Street Smart." (Source: Bloomberg)Read Full Story

Apple’s iPhone 4S. (Credit: Apple) Last updated: 10:38 a.m. PT Attention Wal-Mart shoppers: It turns out that word of a markdown for the 16GB iPhone 4S was a mistake. Reports, including this one, had suggested that Apple’s flagship phone could be had for just $114 at some Wal-Mart stores, which would have been a healthy discount from Wal-Mart’s regular price of $188. It also seemed that the 8GB iPhone 4 had received a price cut to $34, but that too was in error. Wal-Mart now says in response...Read Full Story

Wal-Mart Stores MEXICO CITY: Whether you are the world’s No. 1 retailer or a humble street vendor, paying public officials a bribe may be the quickest way to get your business growing in Mexico. The New York Times reported this weekend that Wal-Mart Stores Inc investigators probing its Mexican operations found a paper trail of hundreds of suspect payments worth more than $24 million made to grow its business there, and that the company then quashed the investigation.Wal-Mart said it was...Read Full Story

SAN FRANCISCO (Reuters) – The second largest U.S. public pension fund said on Thursday it had sued current and former executives and board members at Wal-Mart Stores Inc, alleging bribery and a cover-up in the company’s expansion in Mexico. The $153 billion California State Teachers’ Retirement System (CalSTRS), which holds more than 5.3 million shares of Wal-Mart Stores Inc, said in a statement it had filed the derivative lawsuit in Delaware on behalf of the company. … Read the original...Read Full Story

The second largest U.S. public pension fund said on Thursday it had sued current and former executives and board members at Wal-Mart Stores Inc, alleging bribery and a cover-up in the company's expansion in Mexico. The $153 billion California State Teachers' Retirement System (CalSTRS), which holds more than 5.3 million shares of Wal-Mart Stores Inc, said in a statement it had filed the derivative lawsuit in Delaware on behalf of the company. ...Read Full Story

SAN FRANCISCO (Reuters) – EBay Inc and Wal-Mart Stores Inc are developing new Web search engines to better compete against Amazon.com Inc in the fast-growing e-commerce market. As more people shop online, they often end up at the top of a website typing in a product name. If they cannot find what they want quickly, they will likely go to a rival website or venture into a physical store. The rest is here: EBay, Wal-Mart search for revved-up search enginesRead Full Story

SAN FRANCISCO (Reuters) – EBay Inc and Wal-Mart Stores Inc are developing new Web search engines to better compete against Amazon.com Inc in the fast-growing e-commerce market. As more people shop online, they often end up at the top of a website typing in a product name Read more here: EBay, Wal-Mart search for revved-up search enginesRead Full Story