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Walmart replaces Latin American chief after Mexico scandal
Walmart announced Friday it is replacing the head of its Latin America unit as the company faces probes for alleged bribery in its Mexico operations. Walmart said Eduardo Solorzano, who had overseen a rapid and powerful expansion in Mexico in the early 2000s that is clouded by allegations of corrupt…
Ron Johnson: Walmart ‘trying to grow the economy’ and doesn’t have time for gun control
Tea party-backed Sen. Ron Johnson (R-WI) on Wednesday excused Walmart’s decision to decline an invitation to the White House to discuss gun violence because “they are trying to grow the economy.” The nation’s largest seller of munitions told The Wall Street Journal on Tuesday that it refused to participate in…
Extensive report details Walmart’s political bribery in Mexico
Retail giant Walmart aggressively bribed Mexican officials to get the necessary permits to open more than a dozen supermarkets across the country, the New York Times reported Tuesday. Retail giant Walmart aggressively bribed Mexican officials to get the necessary permits to open more than a dozen supermarkets across the country,…
Walmart CEO: Supply chain link to Bangladesh factory fire ‘complicated’
Global retailer Walmart said it had cut off a supplier that had sourced clothes for it from the Bangladesh garment factory where 110 workers were killed by a fire. Walmart chief executive Mike Duke said in New York late Tuesday that the company was tied to the disaster at the…
Stewart chides ‘greedy’ Walmart workers for Black Friday protests
Jon Stewart bemoaned the Black Friday protests at Walmart stores on his show Tuesday, implying that getting a ringside seat to watching shoppers angrily threaten or outright trample one another was benefit enough for their work. “Truly, your vest runneth over,” he said on The Daily Show Tuesday in a…
Grayson: Walmart is ‘the largest recipient of public aid in the country’
Representative-elect Alan Grayson (D-FL) said Monday that he will put mega-retailer Walmart squarely in his sights during the next Congress for the company’s liberal use of public assistance programs to supplement their workers’ wages. Speaking to Current TV host Cenk Uygur on Monday’s episode of “The Young Turks,” Grayson called…
Walmart admits goods were made at Bangladesh fire factory
US retail giant Walmart has admitted some of its products were made at the Bangladesh garment factory that burnt down at the weekend killing 110 workers, as anger grows over lax safety standards. Bangladesh has become a global centre for clothes manufacturing due to cheap labour. But the blaze late…
Man dies after being placed in choke hold by Walmart security
DeKalb County police are investigating the death of a man suspected of shoplifting after three Walmart employee reportedly wrestled him to the ground and placed him in a choke hold. WSB-TV obtained a police report that indicated that that two employees and a security guard attempted to physically detain a…
Nine arrested in Walmart protests
Nine people were arrested Friday in protests against retail giant Walmart. According to a Reuters report, the protesters, who told police they intended to be arrested, were taken into custody in Paramount, California as they participated in a national day of action by Walmart workers and their supporters. Protesters massed…
U.S. stocks rally on Black Friday sales
US stocks rallied Friday on signs that the holiday shopping season was off to a good start, with Walmart calling it the “best ever” Black Friday. Stocks built on strong opening gains. The Dow Jones Industrial Average was up 172.41 points (1.34 percent) at 13,009.30 in closing trade. The broad-market…
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