Wal-Mart Stores named vice-chairman Greg Penner as its new chairman, replacing his father-in-law Rob Walton and cementing the founding family's influence over the retailer's board.
Penner, 45, has been on the retailer'
India has thrown open its $450 billion retail market to global supermarket giants, approving its biggest reform in years that may boost sorely needed investment in Asia's third-largest economy.
The world's largest retail group, Wal
Harry Potter has no spell for bookstore profits. Millions of people will descend on stores for a copy of 'Harry Potter and the Deathly Hallows' in July, but deep discounts mean many will struggle to turn a profit from the jamboree.