Walmart Blames Taxes, Weather as Sales Fall
Walmart's first-quarter earnings report shows a drop in sales, which it blames on taxes and lousy weather.
Walmart's first-quarter earnings report shows a drop in sales, which it blames on taxes and lousy weather.
In the new report published on its web site, the Times detailed specific instances in which Walmex allegedly paid off officials to expand in Mexico. The alleged payoffs often related to zoning laws and environmental permits that would have otherwise prevented Walmex's opening of new stores.
A large portion of American consumers now know about the "fiscal cliff" and a sizeable number of them expect the debate over it to curb their holiday spending, according to the chief executive of Wal-Mart Stores.
Walmart announced Thursday that an internal investigation into bribery accusations involving its subsidiary in Mexico has broadened to include operations in Brazil, China and India. The disclosure came in a SEC filing tied to third-quarter financial results, which were downbeat.
The Walmart bribery scandal has shined a harsh spotlight on corporate misdeeds. How can you keep track of the probity of the businesses you patronize? These websites can help.




