|
|
|
 |
Tuesday, May 21, 2013 15:37 |
 |
At least 13 people are killed in new bomb attacks in Iraq, a day after a wave of bombings across the country left at least 70 people dead.
Tuesday, May 21, 2013 10:16 |
 |
(Reuters) - Wal-Mart Stores Inc`s quarterly profit just missed Wall Street expectations on Thursday, with sales down 1.4 percent at its Walmart U.S. stores open at least a year. The world`s largest retailer said U.S. sales suffered from a delay in income tax refund checks, cool weather, less grocery inflation than expected, and the payroll tax increase. Shares of Wal-Mart fell 2.3 percent in premarket trading to $78. The stock had hit a new high of $79.96 on Wednesday. Wal-Mart earned $3.78 billion, or $1.14 per share, in the first quarter ended on April 30, up from $3.74 billion, or $1. ...
Thursday, May 16, 2013 12:43 |
|
(Reuters) - Wal-Mart Stores Inc said on Tuesday that it would conduct in-depth safety inspections at all 279 Bangladesh factories with which it works and publicly release the names and inspection information, as pressure mounts on retailers to ensure worker safety after April`s deadly building collapse. Wal-Mart said it would also have Bureau Veritas provide fire safety training for every worker in every factory in Bangladesh that produces its goods. Bureau Veritas is a European testing and inspection company that, on behalf of Wal-Mart, assesses factories and trains workers in Bangladesh. ...
Tuesday, May 14, 2013 23:08 |
|
By Jessica Wohl (Reuters) - An accord designed to prevent another deadly disaster in Bangladesh`s garment industry drew sharp criticism from a major U.S. retail trade group on Wednesday, which said it would constrain legal rights of U.S. companies, even as more European retailers signed on to the pact. Wednesday is the deadline for retailers to decide whether to sign onto a fire-and-building safety agreement for Bangladesh, led by labor groups such as Europe`s IndustriALL. ...
Wednesday, May 15, 2013 19:58 |
|
By Phil Wahba and Jessica Wohl NEW YORK/CHICAGO (Reuters) - Cooler than usual weather and belt-tightening by shoppers still struggling with higher payroll taxes and stubborn unemployment dampened sales last quarter at chains from Macy`s Inc to Wal-Mart Stores Inc . Wal-Mart reported a 1.4 percent drop in sales at Walmart U.S. stores open at least a year, and gave a profit forecast for the second quarter that missed Wall Street estimates. The world`s largest retailer expects same-store sales at its namesake U.S. discount chain to be up 2 percent at best in the current quarter. ...
Thursday, May 16, 2013 23:00 |
|
By Jessica Wohl (Reuters) - Wal-Mart Stores Inc posted weaker-than-expected quarterly earnings on Thursday due to poor U.S. sales and said its profit for this quarter might also miss Wall Street`s forecast as it spends more on its foreign bribery probe, e-commerce and international operations. Everything from tax pressures on shoppers to a cool start to spring led to an unexpected 1.4 percent drop in sales at Walmart U.S. stores open at least a year. (Graphic on Wal-Mart earnings http://link.reuters.com/qan28t) Shares of the world`s largest retailer were down 2.1 percent at $78. ...
Thursday, May 16, 2013 17:13 |
|
By Jessica Wohl (Reuters) - Wal-Mart Stores Inc said on Thursday that this quarter would be challenging and gave a forecast that suggests profit will again miss Wall Street expectations, due in part to costs from its foreign bribery probe. The company also reported quarterly earnings just below Wall Street estimates, and revenue came in lower than expected. Everything from tax pressures on shoppers to a cool start to spring led to an unexpected drop in sales at Walmart U.S. stores open at least a year. (Graphic on Wal-Mart earnings http://link.reuters. ...
Thursday, May 16, 2013 14:10 |
|
(Reuters) - Wal-Mart Stores Inc posted a higher quarterly profit on Thursday even as sales fell 1.4 percent at its Walmart U.S. stores open at least a year because of a delay in income tax refund checks, cool weather, less grocery inflation than expected, and the payroll tax increase. The world`s largest retailer earned $1.14 per share in the fiscal first quarter, up from $1.09 a year earlier. In February, Wal-Mart had forecast a profit of $1.11 to $1.16 per share. (Reporting by Jessica Wohl in Chicago; Editing by Lisa Von Ahn)
Thursday, May 16, 2013 12:22 |
|
By Jessica Wohl (Reuters) - Wal-Mart Stores Inc stepped up Bangladesh factory inspections while U.S. and European retailers pursued separate accords to try to prevent another disaster in a garment industry where more than 1,200 workers have died in the past six months. Wal-Mart, the world`s biggest retailer, said it does not plan to sign a fire and building safety agreement backed by some of Europe`s biggest apparel brands because it believes its own safety inspection plans will get faster results. ...
Wednesday, May 15, 2013 04:09 |
|
