Latest Doug McMillon News

Crusading tech mogul aims to prove CEOs can be activists too

Oct. 4, 2019 12:04 PM EDT

SAN FRANCISCO (AP) — Salesforce founder Marc Benioff oversees a $130 billion software empire from a 62-story skyscraper that towers above everything else in San Francisco. But he sits uneasily in his lofty perch because of a worsening economic divide on the streets down below, where the lavish pay doled...

Walmart CEO McMillon named Business Roundtable chairman

Sep. 19, 2019 1:37 PM EDT

NEW YORK (AP) — The Business Roundtable, a group that represents the most powerful companies in America, has named Walmart President and CEO Doug McMillon as its new chairman. McMillon succeeds JPMorgan Chase Chairman and CEO Jamie Dimon in the role. Dimon has served as chairman of the group since Jan. 1,...

Walmart introduces new gun restrictions but will they help?

Sep. 4, 2019 12:15 PM EDT

NEW YORK (AP) — Walmart has won praise from gun control advocates for its decision to discontinue sales of certain gun ammunition and request that customers no longer openly carry firearms in its stores. But whether the moves will translate into fewer guns on the street remains an open question. The...

Walmart to stop some ammo sales, ask to not open carry guns

Sep. 3, 2019 8:07 PM EDT

NEW YORK (AP) — Walmart says it will stop selling handgun and short-barrel rifle ammunition, while requesting that customers not openly carry firearms in its stores, even where state laws allow it. The announcement comes just days after a mass shooting claimed seven lives in Odessa, Texas, and follows...

Walmart delivers big in 2Q

Aug. 15, 2019 10:47 AM EDT

NEW YORK (AP) — Walmart offered a dose of optimism amid growing concerns over weakening economic growth by raising its annual outlook after a strong second quarter. Sales at stores opened at least a year rose 2.8%, its 20th consecutive quarter in the right direction as the world's largest retailer...