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January 10, 2013
11:43 EDTWMTWal-Mart falls after lawmakers say CEO knew of bribery allegations
Wal-Mart (WMT) is retreating after two senior members of Congress suggested that the company's current CEO knew as early as 2005 about bribery allegations against the retailer in Mexico. Internal Wal-Mart documents "appear to show" that CEO Michael Duke and other senior executives knew about bribery charges related to a store in Teotihuacan, Mexico as early as 2005, a document released by Democratic Congressmen Elijah Cummings and Henry Waxman stated. The documents appear to indicate that Duke and other senior executives were informed about the allegations on multiple occasions, the congressmen wrote. A Wal-Mart spokesman had previously denied that its U.S. executives had any knowledge of the allegations prior to December 2012, according to the congressmen. Cummings is the top Democrat on the House Oversight and Government Reform Committee, while Waxman is the highest ranking Democrat on the House Energy and Commerce Committee. In late morning trading, Wal-Mart fell 69c, or 1.01%, to $67.88.
News For WMT From The Last 14 Days
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February 4, 2016
06:14 EDTWMTWalmart sues Puerto Rico over tax increase, NY Times says
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February 3, 2016
20:02 EDTWMTWal-Mart to build own gas stations going forward, WSJ says
Wal-Mart (WMT) plans to build and operate its own gas stations going forward, though Murphy USA (MUSA) will continue the operate the 1,000-plus stations it has already built near Wal-Mart locations, reports the Wall Street Journal. A Wal-Mart spokesperson told the publication that, when building new stores, the company will add its own gas stations "to as many as possible." Reference Link
February 1, 2016
08:08 EDTWMTMoneyGram, Wal-Mart announce new three-year agreement
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January 29, 2016
06:51 EDTWMTJury says Wal-Mart must by pharmacist $31.22M in gender bias case, Reuters says
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