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Amazon to hire 1,20,000 workers in the US for holiday season

Department store operator Target Corp was the most bullish employer for the holiday season, hiring 43 percent more temporary workers this year than last year. 

Oct 12, 2017, 19:11 PM IST

Google and Walmart team up to take on Amazon

Wal-Mart, the world`s biggest retailer, and Google, the internet`s predominant search engine, are teaming up in an attempt to challenge Amazon`s growing dominance in online shopping.

Aug 23, 2017, 23:27 PM IST

US firms like Apple, Microsoft, Wal-Mart stashed $1.6 trillion in tax havens: Oxfam

Poverty-fighting organisation Oxfam America said the sum for 2015 was a USD 200 billion increase over the prior year.

Apr 12, 2017, 11:26 AM IST

Wal-Mart buying to lift online sales, battle Amazon

Wal-Mart Stores Inc , vying to better challenge Inc , will pay about $3 billion for internet retailer and its innovative pricing software in the largest-ever deal for an e-commerce startup.

Aug 09, 2016, 09:45 AM IST

Suspect shot amid reported shooting at Wal-Mart in Amarillo, Texas

A suspect has been shot and is apparently dead after officers responded today to a reported shooting inside a Wal-Mart store in Amarillo, Texas, police said.

Jun 14, 2016, 23:37 PM IST

Wal-Mart to shut 269 locations, to affect 16,000 employees

The move includes Wal-Mart`s largest-ever single culling in the United States, where the company is closing 154 stores. The other 115 stores are in Latin America, including 60 in Brazil. 

Jan 16, 2016, 10:13 AM IST

Wal-Mart launches mobile wallet ''Walmart Pay''

Wal-Mart Stores Inc launched its own mobile payment service `Walmart Pay` on Thursday, potentially dealing a sharp blow to the ambitions of CurrentC, a beta-stage mobile wallet the company had been co-developing with a consortium of retailers.

Dec 11, 2015, 01:02 AM IST

Wal-Mart's China imports cost 400,000 U.S. jobs during 2001-2013

Wal-Mart Stores Inc`s import of goods from China led to the loss of over 400,000 jobs in the United States between 2001 and 2013, according to a report from a US-based non-profit think tank.

Dec 10, 2015, 12:39 PM IST

CVC examines Wal-Mart's top executives over corruption charges

Top executives of the US-based world's biggest retailer Wal-Mart have been examined by Central Vigilance Commission (CVC) amid allegations that the company gave bribes to government officials to get customs clearances and obtain permits to set up stores in India.

Nov 25, 2015, 18:40 PM IST

CVC summons Wal-Mart India head over graft charges

It is for the first time that the probity watchdog has started investigation involving a private company.

Nov 04, 2015, 15:42 PM IST

Wal-Mart eyes drone home deliveries

Wal-Mart is actively looking at the possibility of using drones to make deliveries to US customers, a spokesman said Monday, following the lead of Amazon and other retailers.

Oct 27, 2015, 14:48 PM IST

Wal-Mart's drug problem: Pharmacy business drags on profit

The company warned that the margin squeeze would continue for at least the remainder of the year.

Aug 19, 2015, 08:49 AM IST

Amazon's value surpasses Wal-Mart after surprise 2Q profit

It's official: Amazon is bigger than Wal-Mart. Amazon shares surged 15 percent on Friday after the e-commerce powerhouse reported a surprise second-quarter profit and a better-than-expected 20 percent jump in revenue.

Jul 24, 2015, 23:24 PM IST

Wal-Mart buys out China e-commerce firm Yihaodian in online push

Wal-Mart Stores Inc has taken full ownership of Chinese e-commerce firm, buying out the 49 percent stake that it did not already own to accelerate its push online, the U.S. retail giant said on Thursday.

Jul 23, 2015, 15:18 PM IST

Wal-Mart names son-in-law of Rob Walton as new chairman

The change is effective as of the end of the company`s annual shareholders` meeting today, near the company`s headquarters in Bentonville, Arkansas.

Jun 05, 2015, 20:27 PM IST

Wal-Mart to expand China store network by nearly a third after growth stalls

"Our aim is to become an integral part of China`s economy," Chief Executive Doug McMillon said at a news conference in Beijing on Wednesday. "China is a top priority."

Apr 29, 2015, 12:12 PM IST

Wal-Mart to spend $1 bln to raise US wages this year

Wal-Mart Stores Inc , long criticised for its low wages and employee benefits, said it would spend more than $1 billion to increase pay for half a million US employees this year.

Feb 19, 2015, 22:59 PM IST

Wal-mart bosses deny stalling Tracy Morgan lawsuit

Bosses at US superstore Wal-Mart have denied allegations suggesting they have been purposefully stalling a federal lawsuit over Tracy Morgan's harrowing car crash.

Dec 04, 2014, 12:11 PM IST

Wal-Mart India appoints Murali Lanka operations chief

The world`s largest retailer has 20 wholesale outlets in India and plans to roll out 50 more over four to five years.

Oct 24, 2014, 15:33 PM IST

Wal-Mart raises healthcare costs, cuts benefits for some part-timers

Brian Yarbrough, an analyst at Edward Jones, said the decision by Wal-Mart could force other retailers to rethink what benefits they provide.

Oct 08, 2014, 14:54 PM IST