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Wal-Mart weighs in against card-fee settlement
NEW YORK — Wal-Mart, the world’s largest retailer, called on merchants Tuesday to reject a multi-billion-dollar settlement deal over credit-card fees, saying it was not in their or consumers’ interest. The proposed settlement, announced this month as a resolution of a class-action suit by merchants over so-called “swipe” fees, would…
Wal-Mart sued in Texas for gender discrimination
(Reuters) – Wal-Mart Stores Inc. discriminated against female employees in Texas stores in pay and promotion decisions, according to a lawsuit filed on Friday in Federal Court in Dallas. The complaint is the second to be filed since a nationwide class action against the company was thrown by the Supreme…
China shuts some Wal-Mart stores over ‘green pork’
Authorities in southwest China have closed a number of Wal-Mart stores after they were found to be selling pork falsely labelled as organic, the US retail giant and state media said on Monday. Investigators found 10 Wal-Mart stores and two Trust-Mart outlets owned by the US company in the mega-city Chongqing had been selling regular pork…
Wal-Mart profit up, U.S. same-store sales fall
CHICAGO (Reuters) – Sales at Wal-Mart Stores Inc’s U.S. discount stores open at least a year fell 0.9 percent during its second quarter, marking the ninth straight quarterly decline as it tries to lure back bargain hunters. The world’s largest retailer said on Tuesday that it earned $1.09 per share…
Wal-Mart loses $187.6 million appeal over worker breaks
NEW YORK/CHICAGO (Reuters) – Wal-Mart Stores Inc has lost its appeal of most of a $187.6 million verdict for Pennsylvania hourly workers who accused the world’s largest retailer of denying them meal and rest breaks. A three-judge panel of the Superior Court of Pennsylvania on Friday said there was sufficient evidence for Philadelphia jurors in…
Report: Wal-Mart actually kills jobs, creates taxpayer burdens
NEW YORK – Wal-Mart’s lengthy struggle to open in New York City has hit fresh problems — a controversial report that said America’s biggest discounter does not just sell cheap, it makes neighborhoods poorer. The report concludes that Wal-Mart, the biggest U.S. private employer, kills jobs rather than creates them,…
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