wal-mart stores

Wal-Mart to Pay $40 Million to Settle Labor Suit

Wal-Mart agreed to pay $40 million to settle a lawsuit filed in Massachusetts that alleged the big-box retailer cheated 87,500 current and former employees in the state out of pay and failed to obey work rules. The class-action suit, filed in 2001, accused Wal-Mart of altering time cards, refusing to pay overtime, and denying workers rest and meal breaks.

Wal-Mart posts in-line quarter

Wal-Mart Stores Inc. (WMT) today posted results that under normal circumstances would be considered mediocre but are extraordinary given the current...