Hints and tips:
...South Africa appeal court dismisses case against Wal-Mart’s Massmart deal Regulators’ approval of Wal-Mart Stores Inc....
...http://www.ft.com/intl/cms/s/0/115447dc-92c9-11e1-b6e2-00144feab49a.html WalMart workers freed after mislabeling charges Authorities in Chongqing, China, released two Wal-Mart Stores Inc. employees jailed...
...Wal-Mart may open India retail stores Wal-Mart and Carrefour may gain access to the retail market of the world’s second most-populous country after an Indian government panel was said to have recommended...
...Wal-Mart Stores is expected to compete in an auction against South Korea’s Lotte Shopping and private equity fund Carlyle Group to buy Indonesian retailer Matahari’s hypermarket busines, Reuters reports....
...Hang Seng Bank, HSBC’s subsidiary, fell 9 per cent to HK$67.00 and Bank Of East Asia shed 7.4 per cent to HK$12.34. Li & Fung, a supplier to Wal-Mart Stores in the US, fell 4.1 per cent to HK$17.02....
...The retailer, which operates over 1,100 bookshops in the US, Australasia and Singapore, has been struggling to reposition itself in the face of low-cost competition from rivals including Wal-Mart and Amazon.com...
...But Wal-Mart provided some cheer....
...Pulling into the parking lot of Mardel’s Christian & Education bookstore, a chain with Wal-Mart-sized shops, Jim says: “Look at all these supposedly Christian people parked in the handicapped spaces.”...
...Brambles, the world’s biggest maker of pallets, fell by 4.7 per cent to A$8.28 after the retail giant Wal-mart said it would review its pallet policy....
...Fresh optimism about US sales prospects helped Li & Fung, a big supplier to Wal-mart Stores, rise as much as 6.0 per cent before closing 3.4 per cent higher at HK$30.00....
...Li & Fung, a big supplier to Wal-Mart stores in the US, jumped by 6.5 per cent to HK$28.00. Commodity prices lifted Australian shares. The S&P/ASX 200 gained 1.3 per cent to 5,608.10....
...Li & Fung, a big supplier to Wal-Mart stores in the US, fell by 7.2 per cent to HK$27. Singapore shares also suffered, ending a shortened trading session 3.5 per cent lower at 2,932.05....
...HSBC, which makes around one third of its profits in North America, rose 1.7 per cent to HK$116.50 while Li & Fung, a big supplier to Wal-Mart Stores, added 1.8 per cent to HK$27.60....
...Better-than-expected profits at Wal-Mart Stores, the world’s biggest retailer, suggested that consumers in the US, Asia’s biggest market, are continuing to spend despite the credit squeeze....
...Li & Fung, one of Wal-Mart Stores’ biggest suppliers, sagged 6.9 per cent to HK$28.85....
...“We need this foreign presence,” said de Castro, pointing out that Italy does not have a Wal-Mart, Carrefour or Tesco to promote its brands abroad....
...Home Depot, the second largest US retailer, has also been looking for possible partners in China, while Wal-Mart, the largest US retailer, has been steadily expanding its presence there....
...Albertson’s latest quarterly results, announced yesterday, reflected the continuing pressures on the retailer and other conventional supermarkets in the US from Wal-Mart and other discounters....
...The heirs of Sam Walton, the man who built Wal-Mart, on Monday unveiled their plans for a striking new art gallery complex that reflects their gradual emergence alongside the Carnegies, Gettys and Fords...
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