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Harris-Perry guest: real job creators are ‘low-wage workers who spend every dime that they get’
Melissa Harris-Perry and a panel on her MSNBC show on Nov. 25 discussed Wal-Mart, the recent Black Friday strikes, and whether Wal-Mart’s business model of low prices necessitates low wages. Wal-Mart dismissed the protests as “grossly exaggerated” and called the walkouts “made for TV events.” There are 200 million customers…
Black Friday walkout: Why Walmart is focus of labor’s struggle
Black Friday walkout: why Wal-Mart is focus of labor's struggle As the hottest shopping day of the retail calendar looms, the world’s largest retailer, Wal-Mart, is embroiled in a battle to defend its image, even its formula for success. A growing number of employees, protesting low wages and benefit cuts,…
Tricia Rose chides Wal-Mart for ‘anti-human being’ approach to labor
In supporting reported plans for a strike by Wal-Mart employees Brown University professor and Current TV contributor Tricia Rose criticized the corporation for treating its workers as less than human. “It’s grindingly aggressive, anti-human being statements,” Rose said on The Young Turks Monday. “Like, ‘Well, people are lining up for…
Wal-Mart spokesman: Black Friday is going to be awesome
Wal-Mart vice president of communications David Tovar said Monday on Fox News that the retail giant didn’t expected any disruptions on Black Friday, despite planned worker protests. The Wal-Mart worker are protesting against poor wages, unfair hours and lack of benefits. They also claim the retail giant has retaliated against…
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 becomes latest company to leave ALEC
Wal-Mart, the world’s largest retailer, is withdrawing from the legislative group the American Legislation Exchange Council (ALEC), according to Think Progress. ALEC has come under scrutiny of late for its controversial policies regarding voter ID laws and looser firearm restrictions, like Flordia’s “Stand Your Ground,” a law that expanded the…
Fortune 500 companies have record profits of $825 billion in 2011
The 500 largest US companies piled up record profits last year, despite a lackluster economy, and energy giant ExxonMobil ousted Wal-Mart as the biggest revenue maker, Fortune magazine said Monday. The combined earnings of the Fortune 500 corporations rose 16 percent from 2010 to a record high of $825 billion…
Lawmakers probe Wal-Mart over Mexico bribery
WASHINGTON — Two senior US congressmen launched an investigation into giant retailer Wal-Mart Monday over allegations it paid millions of dollars in bribes to build up its operations in Mexico. Democratic Representatives Henry Waxman and Elijah Cummings said they had requested a meeting with company officials in person this week…
Hate groups associated with Wal-Mart stores: study
The more Wal-Mart stores a county has, the more likely it is to have active hate groups in the area, according to Penn State economists. “Wal-Mart has clearly done good things in these communities, especially in terms of lowering prices,” Stephan Goetz, professor of agricultural economics and regional economics, explained.…
S.Africa court dismisses Wal-Mart takeover challenge
A South African court cleared the way on Friday for the world’s top retailer Wal-Mart to take its first foothold in Africa by dismissing a government bid to set aside its $2.2 billion takeover of local chain Massmart. The case is seen as a bellwether for foreign investment in South…
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