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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
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January 21, 2015
13:38 EDTWMTEarnings Preview: eBay shares rise over 5.5% since last earnings report
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10:01 EDTWMTOn The Fly: Analyst Downgrade Summary
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06:52 EDTWMTWal-Mart downgraded to Equal Weight from Overweight at Morgan Stanley
Morgan Stanley downgraded Wal-Mart to Equal Weight citing balanced risk/reward and lack of margin growth due to potential re-investments.
January 20, 2015
13:01 EDTWMTWal-Mart launches cash pickup option for tax refunds
As Americans begin to file their tax returns, Walmart (WMT) announced the launch of a first-of-its-kind service that allows consumers to “skip the check” and pick up their tax refunds in cash. Walmart Direct2Cash is available nationwide starting today and will help customers save time and money when compared to traditional tax refund options. Walmart is working with Tax Products Group, a Green Dot Company (GDOT), and Republic Bank & Trust Company, member FDIC, two providers of tax-related financial products and services, to provide Walmart Direct2Cash as an option to millions of customers. The more than 25,000 tax preparation locations using software with the Walmart Direct2Cash option may provide this service for no additional fee or charge a maximum of $7 at the time of filing. Walmart does not charge customers a fee when refunds are claimed in a store.
09:44 EDTWMTSupreme Court denies appeal of 'swipe fee' ruling, Reuters reports
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January 16, 2015
10:12 EDTWMTSprint unit Virgin Mobile to offer no contract data sharing plans
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January 15, 2015
09:24 EDTWMTEpiq Systems to hold a webinar
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January 14, 2015
16:00 EDTWMTOptions Update; January 14, 2015
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January 12, 2015
07:35 EDTWMTNational Retail Federation to hold a trade show
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