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BUSINESS
June 7, 2006 | From Reuters
Norway said its more than $240-billion global pension fund would no longer invest in Wal-Mart Stores Inc. because of what the country called "serious and systematic" abuses of human and labor rights. A Wal-Mart spokeswoman declined to comment.
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BUSINESS
July 24, 2013 | By Ricardo Lopez
Thirty workers didn't report for their jobs Wednesday at a warehouse supplying Wal-Mart Stores Inc. and other retailers, protesting alleged retaliation from managers after employees complained about poor working conditions, organizers said. The action in Mira Loma is the latest in a string of protests against warehouses and logistics companies in the Inland Empire by Warehouse Workers United, a union-backed advocacy group pushing for better working conditions. The workers, who aren't represented by a union, staged a rally at a warehouse operated by Olivet International Inc., which sells apparel and luggage to various retailers, including Wal-Mart, Target Corp.
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BUSINESS
January 8, 2003 | From Bloomberg News
Wal-Mart Stores Inc. is testing cashing of payroll checks as it expands the financial services it offers customers. The test began in a limited number of stores recently, the retailer said. Wal-Mart already rents space in more than 900 locations to local banks and offers money orders and wire transfers.
BUSINESS
May 7, 2013 | By Andrew Tangel, Los Angeles Times
  NEW YORK - Another day, another milestone on Wall Street. The red-hot Dow Jones industrial average barreled past 15,000 to close Tuesday at its highest point in history. It marked the 16th record close for the blue-chip index this year and came just three months after it crossed 14,000 for the first time since the financial crisis. Bulls say the market could keep hitting new highs the rest of the year. They predict that investors who turned their backs on equities after being stung by crushing losses in 2008 will have no choice but to move into stocks to make up for lost time.
BUSINESS
October 12, 1993 | From Times Staff and Wire Reports
Mall Redesigned in Deal With Wal-Mart, Indians: A developer has redesigned a shopping center in Paso Robles, Calif., anchored by a Wal-Mart store, conceding to Native American activists who feared it would disturb ancient Chumash Indian burial sites. The National Congress of American Indians last summer threatened to call a nationwide boycott of Wal-Mart Stores Inc. if developer James Halferty kept on with his plans for the 40-acre center in the Central California town.
BUSINESS
December 12, 2003 | From Reuters
Wal-Mart Stores Inc.'s British supermarket chain Asda has approached Safeway Plc with an offer to buy 70 of its stores for close to $3.48 billion, sources close to the situation said. Safeway and Wal-Mart declined to comment. Wal-Mart shares fell 14 cents to $52.81 on the New York Stock Exchange.
BUSINESS
January 15, 1994 | From Times Staff and Wire Reports
Wal-Mart Buying 120 Woolco Units in Canada: Wal-Mart Stores Inc. is continuing its march across North America by entering Canada with the purchase of 120 Woolco discount stores from Woolworth Corp. The No. 1 retailer, based in Bentonville, Ark., is already in a partnership with Mexico's largest retailer, Cifra. Details of the transaction were not released, but Woolworth said it will receive about $300 million in cash from the deal.
BUSINESS
May 8, 2007 | From Times Wire Services
Wal-Mart Stores Inc. said it would install solar-power systems to provide some of its electricity at 22 locations in Hawaii and California. The systems, built by SunPower Corp., BP and SunEdison, will provide as much as 30% of the power used at 21 stores and a distribution center, Wal-Mart said. The purchase price wasn't disclosed.
BUSINESS
May 10, 2001
Wal-Mart Stores Inc. said it rolled out all-occasion gift registries in all of its 2,600 U.S. stores. The gift registry, located in the jewelry department, allows customers to create a wish list for birthdays, holidays, weddings and births, the world's largest retailer said. Rival discounter Target Corp. already has registry services available online and in stores for weddings and newborns. Wal-Mart shares fell 39 cents to $51.59 on the NYSE.
BUSINESS
April 20, 2007 | From Bloomberg News
Wal-Mart Stores Inc. paid Chief Executive H. Lee Scott $29.7 million last year after sales grew at the slowest pace in more than two decades. Scott, 58, received a salary of $1.3 million and stock valued at $15.3 million, Wal-Mart said in a regulatory filing. The Bentonville, Ark.-based company also awarded him bonuses of $4.29 million and $8.08 million in stock options.
BUSINESS
April 30, 2013 | By Ricardo Lopez
Blackstone Group, the New York-based private equity group, announced Tuesday it would hire 50,000 military veterans over the next five years across its various businesses. The company said it is partnering with the White House, which is leading an effort to get more military veterans employed. “Veterans embody many of the skills, talents and personal attributes we look for in employees," said Blackstone Chief Executive Steve Schwarzman. " Veterans are reliable, motivated and trustworthy employees - the type of people that will help Blackstone's portfolio companies succeed and grow.
BUSINESS
April 5, 2013 | By Tiffany Hsu
Portrait studios at Sears and some Wal-Mart stores - the scenes of innumerable family photos - have unexpectedly closed as their operator, CPI Corp., goes out of business. The portrait provider said in a statement on its website that all of its U.S. locations have shut down “after many years of providing family portrait photography.” The St. Louis company has been making photo keepsakes for more than 60 years and offered its services at more than 3,000 North American locations, mostly in Sears and Wal-Mart stores.
BUSINESS
March 29, 2013 | By Tiffany Hsu, Los Angeles Times
Just like its popular Duncan Hines cake mixes, packaged foods company Pinnacle Foods Inc. is on the rise after raising $580 million in an initial public offering. The company - which owns popular brands such as Birds Eye, Aunt Jemima, Log Cabin, Mrs. Butterworth's and Hungry-Man - made its debut on the New York Stock Exchange under the symbol PF. Wednesday night, the Parsippany, N.J., business sold 29 million shares for $20 apiece - at the top end of its suggested $18-to-$20 range.
CALIFORNIA | LOCAL
March 20, 2009 | Tony Perry
The San Diego County Sheriff's Department took the unusual step Thursday afternoon of issuing a statement to try to stamp out a rumor that gang-initiation killings were planned at local Wal-Marts. "These rumors, which have become widespread in San Diego County, are false," department officials announced after they received dozens of panicky calls from would-be shoppers. The rumor, apparently fed by the Internet, has surfaced in numerous communities across the country in recent days.
BUSINESS
March 17, 2009 | Times Wire Reports
Wal-Mart is stepping up the competition to draw cost-conscious shoppers, promising that store-brand products will be tastier, smell better and look more attractive. The retailer outlined plans to reformulate hundreds of items in the Great Value store brand line, which it says is the country's biggest food brand in terms of both sales and volume.
BUSINESS
December 24, 2008 | Andrea Chang
Wal-Mart Stores Inc. said Tuesday that it would pay as much as $640 million to settle dozens of wage-and-hour class-action lawsuits across the nation that accused the world's largest retailer of cheating hourly workers and forcing them to work through breaks and off the clock. Wal-Mart has faced numerous accusations in recent years that it has engaged in illegal wage practices such as shortchanging workers on overtime pay and not allowing them to take lunch breaks.
BUSINESS
November 3, 2004 | From Bloomberg News
Wal-Mart Stores Inc., the world's largest retailer, plans to open as many as 15 stores in China next year. Wal-Mart, which has 40 outlets in major cities such as Beijing and Shenzhen, will focus on smaller provincial cities, Joe Hatfield, chief executive for Asia at the Bentonville, Ark.-based company, said U.S. and European retailers are stepping up plans to expand in a $553-billion retail market now dominated by Chinese companies such as Shanghai Bailian Group.
BUSINESS
September 8, 2005 | From Bloomberg News
Wal-Mart Stores Inc., the world's largest retailer, said Wednesday that it reopened 112 of 126 stores that it had closed in the wake of Hurricane Katrina. Eighty-nine stores have been damaged and nine reported "major damage," Bentonville, Ark.-based Wal-Mart said in a statement. Fourteen stores remain closed. Major damage means "something along the lines of power has been knocked out or the structure's been damaged," Wal-Mart spokeswoman Andrea Rader said.
BUSINESS
October 29, 2008 | Bloomberg News
Wal-Mart Stores Inc. said Tuesday that it would be able to maintain same-store sales growth at current levels as the sluggish U.S. economy curbs spending. The retailer should see "low-single" digit comparable-sales growth on a percentage basis going into 2009, Chief Financial Officer Thomas Schoewe told analysts at a conference in Rogers, Ark. Same-store sales, or sales at stores open at least a year, are a key measure of retail health. Total sales may rise 8% this year, he said.
BUSINESS
October 28, 2008 | From Times Staff and Wire Reports
Wal-Mart Stores Inc. said it was scaling back the growth of its namesake discount stores in the U.S. while focusing on remodeling existing locations as the world's largest retailer navigates through a tough consumer spending climate. Eduardo Castro-Wright, president and chief executive of Wal-Mart's U.S. division, told analysts gathered on the first day of the two-day annual investors' meeting at its headquarters in Bentonville, Ark., that the company planned to open 191 stores in fiscal 2009 and 142 to 157 stores in fiscal 2010.
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