Walmart buying the remaining shares of Massmart would give the struggling retailer financial and operational support to help turn it around, the group said
Amazon plans to move into South Africa in 2023 and the world’s biggest online marketplace might give local companies a run for their money
Walmart bought Massmart in 2011 and over the past 10 years the share price of the group has decreased by 80%.
Worries about global economic growth and expectations of a weak US jobs report pushed oil prices lower on Friday.
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/ 29 November 2008
A man working for Wal-Mart was killed on Friday in a stampede by frenzied shoppers who broke down doors and surged into a Long Island store.
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/ 22 October 2008
Wal-Mart Stores, the world’s largest retailer, says it will crack down on its Chinese suppliers by enforcing stricter quality standards.
Campaigners pressing for tougher controls on the sale of guns in the United States notched up a big victory this week when Wal-Mart, the country’s largest seller of firearms, agreed to a 10-point plan designed to prevent weapons falling into the hands of criminals.
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/ 18 February 2008
Investors cheered an impending end to a format war for next-generation DVDs on Monday, pushing up shares of both Toshiba, on the verge of abandoning its HD DVD discs, and Sony, the leader of the rival Blu-ray camp. Toshiba shares jumped 5,1% as analysts praised its decision to cut its losses.
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/ 22 January 2008
Hillary Clinton and Barack Obama on Tuesday heightened the rancour of their Monday debate by attacking each other’s record and style, bringing what has become a mean-spirited and negative campaign to a new low. At a hastily arranged press conference in Washington, Clinton accused Obama of desperation.
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/ 22 January 2008
Democratic candidates Hillary Clinton and Barack Obama engaged in a bitter crossfire on Monday as their United States presidential campaign took an ugly personal turn on the Martin Luther King holiday. Obama’s complaints about former President Bill Clinton’s attacks on him on behalf of his wife’s campaign boiled over at a rancorous debate.
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/ 20 November 2007
California on Monday launched a lawsuit against 20 companies, accusing them of manufacturing or selling toys with illegal quantities of lead, a statement said. California attorney general Jerry Brown said the firms — including Mattel and Toys ”R” Us — are being sued for knowingly exposing children to potentially dangerous lead levels.