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...The company, which also operates Ralphs and Food 4 Less stores, has come under pressure to slash its prices in the recession to compete with low-price competitors such as Wal-Mart....
...In corporate news, Wal-Mart, the world’s largest retailer, said it would create more than 22,000 jobs this year in new or expanded US stores. Wal-Mart shares were flat at $50.87....
...Procter & Gamble gave consumer companies a much needed boost amid falling retail sales numbers and and negative words on the economy from Mike Duke, Wal-Mart’s chief executive, after the company raised its...
...Apple gained 6.1 per cent to $99.72 on reports that Wal-Mart would sell its iPhone for as little as $99....
...Wal-Mart jumped 11.1 per cent to $55.17 after the world’s largest retailer told analysts it was “well-positioned” to deal with a global slump....
...Wal-Mart added 3.1 per cent to $59.06 while Starbucks rose 7.4 per cent to $15.13. In industrials, some solid earnings news helped steady investor concerns about the health of the economy....
...US stocks posted modest gains on Thursday as investors responded to solid sales figures from Wal-Mart, the world’s largest retailer, and encouraging data on retail sales and jobless claims....
...But Wal-Mart , up 1 per cent at $46.43, added to the previous day’s stellar gains....
...Continuing credit concerns were aggravated by a warning from Wal-Mart, the largest US retailer, on its trading outlook and mixed economic data....
...Following lower-than-expected results from Wal-Mart and Home Depot on Tuesday, Macy ’s results cast a shadow over retailers....
...The Dow managed to absorb disappointing results from two members, Wal-Mart and Home Depot ....
...Shares in Wal-Mart , which cut its full-year earnings outlook citing the housing slump, were 5.6 per cent lower for the week at $43.49....
...Wal-Mart reversed its recent run of lacklustre sales as its 3.4 per cent rise beat estimates of a 1.4 per cent gain....
...A bright spot among blue chips was was was Wal-Mart , up 0.5 per cent at $50.75....
...Wal-Mart , which withdrew its application to open a specialty bank on Friday, fell 2.6 per cent to $46.21. Target slid 3.4 per cent to $59.77....
...One of the best performers in the Dow was Wal-Mart after it released an estimate on Saturday that its January store sales should rise 2.2 per cent, a stronger-than-forecast outcome....
...Wal-Mart shares rose 0.5 per cent to $48.03....
...By early 2000, companies such as Home Depot, Wal-Mart, Dell and Microsoft were trading at absurd multiples, with price/earnings ratios well above 50....
...“Right now, Hispanics have a greater affinity for Wal-Mart than any identifiable segment of the US population.”...
...The effect could be either higher prices for consumers, or depressed margins for Wal-Mart and other retailers. Wal-Mart ended down 1.2 per cent to $49.39....
...With earnings season fast approaching, there was some good news from Wal-Mart....
...While high oil prices led to falls in European and Asian markets yesterday, Wall Street showed more resilience higher after Wal-Mart, the world’s biggest retailer, reported better-than-expected preliminary...
...Wal-Mart, the world’s biggest retailer, ended the week up 0.2 per cent in spite of falling on Friday after prominent shareholders called on the company to do more to boost sales at its annual meeting....
...Discount rivals Wal-Mart and Target were also lower. Wal-Mart fell 0.5 per cent to $52.77, while Target was off 0.5 per cent at $52.77....
...Wal-Mart and Home Depot paced a broad sell-off for the sector as the retail index gave up 1.7 per cent by the close....
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