New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
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
Sign up for a free trial to see the rest of the stories you've been missing.
April 17, 2015
15:42 EDTWMTWal-Mart to slash layer of in-store management, Bloomberg reports
Subscribe for More Information
April 16, 2015
06:05 EDTWMTFormer Wal-Mart CEO Duke heads to Carlyle Group, WSJ reports
Subscribe for More Information
April 14, 2015
18:32 EDTWMTCourt rules Wal-Mart can reject shareholder proposal on gun sales, WSJ says
Subscribe for More Information
April 12, 2015
15:43 EDTWMTWal-Mart's Walton family puts shares in newly formed trust, Reuters says
Subscribe for More Information
April 10, 2015
18:29 EDTWMTWal-Mart says Walton family to place 6% of shares in trust, Reuters reports
Subscribe for More Information
April 8, 2015
12:05 EDTWMTWal-Mart: Pay raises for over 34,000 associates in Florida effective this week
Subscribe for More Information
06:19 EDTWMTWal-Mart de Mexico reports March sales up 9.4% from last year
Subscribe for More Information
05:16 EDTWMTWalmart announces pay raises for over 72K associates in TX go into effect
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use