Wal-Mart’s world dominantionThe average American isn’t the spend, spend, spend consumer it once was and retail sales reflect that. But retail giant Wal-Mart’s international operations are growing at a huge rate.
Wal Mart
Business As Usual: Japan’s jobless up … US economy grows slowly … UK capital gains tax fight …
US economy growing slowly, while sale of soft drink soars … Inflation is down in most of Europe … A reminder for Rio Tinto … The Tele rails against plans for a capital gains tax boost in the UK …
A million reasons why women shouldn’t work at Wal-mart
Dee Gunter started working at Wal-mart at 46, after 20 years of retail experience. So why were teenage boys being promoted ahead of her? Over a million women have now joined a class-action suit for gender discrimination against Wal-mart.
Hating corporations: it’s all about the aesthetics
It would seem that corporations are more difficult to hate these days, since Nike cleaned up its sweat shops and Wal-Mart turned green. But that doesn’t stop Gawker on spouting their hate for that ugly, bland, concrete box: Wal-Mart.
Wal-Mart’s China PR nightmare
In China, five Wal-Mart employees allegedly beat a shoplifter to death. It seems some were external contractors but the public makes no such distinction, says Shaun Rein, which is why companies need strict rules for outsourcing.
US investors keep the blinkers on
For the third time in 10 days American markets and investors have received a reminder of the fragile state of the current recovery and market boom, writes Glenn Dyer.
Recession retail: it’s all in the aisles
How Wal-Mart monitors consumers’ spending — and how they’re trying to save — one trolley at a time.
Exxon Mobil beats Wal-Mart to Fortune 500 top spot
The widely watched Fortune 500 list, released on Sunday, showed that the world’s largest listed oil company regained the top spot by making $442.9bn of revenue in 2008, in spite of the decline of energy prices.
Dyer’s business wrap: Oil surge … Fed fallout … BMW sales plunge
In a second day of post-Fed action, there was mostly grim news, mixed with a grab-bag of positivity, writes Glenn Dyer.
Tips and rumours
Wal-Mart board member, Roger Corbett, has recently resigned his post on the ALH board. Is the arrival of Wal-Mart on Australian shores closer than we think? From a source close to Rio? Who knows: BHP Billiton - $300M Hole BHP Billiton has spent well over $300M in prefeasibility work to define the Olympic Dam Expansion […]
Doom and gloom wrap: more bad news from the US
Wall Street has a dead cat bounce one day, but returned to reality the next as more write-downs are revealed by banks and a big US state fund becomes embroiled in the subprime disaster, writes Glenn Dyer.
Morning Market Report
The highlights and lowlights of this morning’s sharemarket activity.
The Economy: Boom force & bust force
There are two offsetting forces impinging on the Australian economy. The first is the global economic boom. The second force is the “ripples” from the subprime lending fiasco.
$10,000 on Turnbull, Costello still favourite
There must be some Liberal Party members this morning pondering whether Peter Costello really does have the stuff to be a successful leader of the party come the day that John Howard departs, writes Richard Farmer.
