Latest Wal-Mart Stores Inc News

Walmart invests in GM's Cruise autonomous vehicle subsidiary

Apr. 15, 2021 09:16 AM EDT

DETROIT (AP) — Walmart and some institutional investors have joined the latest investment in Cruise, bumping the capital influx into the General Motors autonomous vehicle subsidiary from over $2 billion to $2.75 billion. Walmart and Cruise announced a partnership last...

Big-business pushback against voting measures gains momentum

Apr. 14, 2021 19:45 PM EDT

Big business has ratcheted up its objections to proposals that would make it harder to vote, with several hundred companies and executives signing a new statement opposing “any discriminatory legislation." The letter, published Wednesday in The New York Times and The...

To retain workers, Walmart moves more of them full time

Apr. 14, 2021 16:55 PM EDT

NEW YORK (AP) — Walmart is moving more of its workers full time as the nation's largest private employer looks for more ways to attract and retain employees. The company said Wednesday it plans to have two-thirds of its U.S. store hourly jobs be full time with more...

Crews douse 2nd recent Vegas-area Walmart paper items fire

Apr. 14, 2021 12:38 PM EDT

LAS VEGAS (AP) — For the second time this month, people evacuated a Las Vegas-area Walmart while firefighters and ceiling sprinklers doused a paper products fire. No injuries were reported, but Clark County Fire Chief John Steinbeck said investigators were summoned...

Kohl's names 3 new directors in deal with activist investors

Apr. 14, 2021 10:50 AM EDT

NEW YORK (AP) — Kohl’s Corp. says it's adding three independent members to its board of directors as part of an agreement it struck with a key activist investor group that has been fighting to exert more control. The new independent directors nominated by the investor...

T-wolves owner: A-Rod, partner in agreement to buy NBA club

Apr. 10, 2021 22:51 PM EDT

MINNEAPOLIS (AP) — Former baseball star Alex Rodriguez and e-commerce mogul Marc Lore signed a letter of intent Saturday to buy the Timberwolves and keep the NBA team in Minnesota, owner Glen Taylor said. The agreement, which also includes the WNBA's Minnesota Lynx,...

Amazon warehouse workers reject union bid in Alabama

Apr. 09, 2021 16:39 PM EDT

Workers at an Amazon warehouse in Bessemer, Alabama handed the online retail giant a decisive victory when they voted against forming a union and cut off a path that labor activists had hoped would lead to similar efforts throughout the company and beyond. After months of...

Walmart eyes local companies as McDonald's exits some stores

Apr. 09, 2021 14:34 PM EDT

As McDonald's works on closing some of its locations within Walmart stores, the retailer is looking to put local businesses and others into place. McDonald's has gradually been closing locations at Walmart stores over the years but will keep a presence within about 150...

Fire at Walmart store in Las Vegas sparks arson probe

Apr. 07, 2021 12:48 PM EDT

LAS VEGAS (AP) — Officials say a weekend fire that caused shoppers to flee a Walmart store in Las Vegas was intentionally set. Las Vegas Fire and Rescue said the injured person was taken to a hospital after sprinklers activated and firefighters arrived to douse flames...

ThredUp's shares pop in stock market debut

Mar. 26, 2021 16:45 PM EDT

NEW YORK (AP) — Shares of ThredUp rose more than 40% in their stock market debut Friday, reflecting investor enthusiasm for the online seller of second-hand women's and children's clothing. The stock market debut followed strong investor enthusiasm for Poshmark Inc.,...