Wal-Mart grabs stake in China's Bounteous
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Wal-Mart , the world's largest retailer, said on Monday it acquired a 35 percent stake in Chinese supercenter operator Bounteous Company Ltd., expanding its presence in the world's most populous country.
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Stocks were little changed on Monday, as positive broker comments on Wal-Mart Stores Inc.  and a fresh wave of takeovers tempered concerns about a sharp sell-off in Chinese stocks.
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The worldâs largest retailer continues to solidify its presence in China by buying a 35% share of the owner of the Trust-Mart chain.
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Wal-Mart Stores Inc. (WMT.N: Quote, Profile, Research) , the world&#39;s top retailer, on Wednesday said its board of directors authorized a $10 billion stock repurchase plan, replacing a $7 billion share buyback program.
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Investors finally decide between Wal-Mart and Target.
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Wal-Mart is to expand its presence in China by buying a 35% stake in discount store chain Trust-Mart.
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Wal-Mart gave investors something on Friday they haven't seen in some time: a reason to pour some money into its shares. The world's largest retailer, under pressure by investors to improve its sales, is trimming its store growth as it balances its traditional focus on low prices with a push to be a force for change in such areas as health care and the environment.
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The largest computer company in China, the Lenovo Group, has bought a majority stake in the PC-making business of the multinational IBM.
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Home Depot is buying HomeWay, a move that will give the chain its first stores in the fast-growing Chinese market.
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The US retail giant Wal-Mart investedone million US dollars to establish China&#39;s first retail research center at Beijing&#39;s prestigious Tsinghua University.
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U.S. home improvement retailer Home Depot Inc.  is to buy a major stake in Chinese furnishing chain HomeWay, making its first foray into retailing in China, a source familiar with the situation said on Wednesday.
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LONDON/BEIJING  - China has muscled in on miner BHP Billiton's  attempts to buy rival Rio Tinto , with its biggest aluminum producer teaming up with U.S. group Alcoa  to buy a 12 percent stake in Rio.
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The company, battered by the subprime crisis, said it would sell a $5 billion stake to a Chinese investment.
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China teams up with US aluminium giant Alcoa to buy a 12% stake in mining firm Rio Tinto for $14.05bn.
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The story of Wal-Mart's rise from a $23.5 million capitalization.
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Wal-Mart Stores Inc., the world's biggest retailer, plans to set up a venture with Indian billionaire Sunil Mittal, gaining access to the second-most populous nation as the government considers tempering restrictions on overseas ownership.
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Wal-Mart Stores Inc., the world&#39;s largest retail store chain, on Thursday tendered a bid to sponsor the rehabilitation of Daiei Inc., industry sources said.