BENTONVILLE, Ark. AP -- A former Wal-Mart worker whose home was raided by company employees and police two years ago won $1.65 million after claiming the company wrongly accused him of theft.
Wal-Mart's struggling to grow market share and increase stock value, and according to Business Week and retail consultant Patricia Pao, poor customer service is to blame. The obvious explanation is that employees just don't care because they're not compensated enough to do so (which creates a vicious cycle; weakened employee morale...
Okay, it was one thing when the nation's largest retailer, a behemoth many of us loved to hate, started going green. But you had to give Wal-Mart credit when the company committed to achieving three huge sustainability goals: Converting 100 percent of its stores...
By Rick Brundrett, The State, Columbia, S.C. Knight Ridder/Tribune Business News By Rick Brundrett, The State, Columbia, S.C. Knight Ridder/Tribune Business News
Troubled internet phone provider Vonage received more bad news yesterday when a federal court ordered it to pay $58 million for infringing on three patents held by Verizon. Though the $58 million is far less than the $197 million that Verizon requested, it will still put a big dent into...
Cadbury Schweppes, maker of Dairy Milk, Trident gum, and Snapple drinks, announced today that it would break up its confections and beverage divisions. The move comes just two days after activist shareholder and ex-owner of Snapple, Nelson Peltz, bought up a 3% stake in the company. Private-equity groups Blackstone Group...
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