Bill Simon

What Walmart's Outlook Says About the Whole U.S. Economy

Walmart on Thursday reported higher profits, but offered a weak forecast for the months ahead. The problem? The poor and middle-class Americans Walmart caters to -- and who are big drivers of U.S. spending -- are struggling with rising gas prices, delayed tax refunds and higher payroll taxes.

Wal-Mart's Exec Exodus Continues with Apparel Boss

Wal-Mart's U.S. Apparel chief Dottie Mattison has resigned, the latest in a string of high-level departures announced or slated to take place at the company since its new U.S. CEO was announced in late June.