Daiei shares soar as Wal-Mart confirms interest in ailing retailer
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Shares in ailing Japanese retailer Daiei Inc. jumped 16 percent after US giant Wal-Mart Stores Inc. confirmed it was interested in aiding the firm's revival.
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Wal-Mart Stores Inc. investors  will be focused on the retailer's forecast for its new fiscal  year and indications as to when sales at its U.S. store base  may finally strengthen when the world's largest retailer  reports fourth-quarter results on Tuesday.
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The retailer reports strong earnings and lifts its outlook.
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Analysts upgraded their ratings on Wal-Mart Stores Inc.'s  stock, citing the world's largest retailer's plans to curb its U.S. store growth and a $15 billion share buyback announcement.
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The story of Wal-Mart's rise from a $23.5 million capitalization.
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Wal-Mart is buying a 35 percent stake in a company that operates Trust-Mart, a major Chinese discount chain, as international competitors jostle for position in China's rapidly growing retail market.
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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 shares surge on capital reallocation plan that slows expansion.
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STOCKS surged today as investors shrugged off a fresh indicator of rising inflation and welcomed an $US11 billion deal that combines retailers Kmart Holding Corp and Sears, Roebuck and Co.
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NEW YORK - A drop in oil prices and upbeat outlooks from Wal-Mart and Lowe's prompted new bargain-hunting on Wall Street Monday, sending stocks sharply higher. The Dow Jones industrial average was up more than 110 points...
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Daiei Inc. shares rose as much as 10 percent in Tokyo as individual investors bought in expectation the government&#39;s 707 billion yen ($6.8 billion) plan to rehabilitate Japan&#39;s third
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Wal-Mart Stores Inc. investors will be focused on the retailer's forecast for its new fiscal year and indications as to when sales at its U.S. store base may finally strengthen when the world's largest retailer reports fourth-quarter results on Tuesday.
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Wal-Mart, the world's biggest retailer, said Tuesday it had bought 35 percent of the Taiwan-owned Trust-Mart hypermarket chain, which operates 101 stores in China.
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Shares in struggling Japanese retailer Daiei Inc. rose sharply following a report that a private Japanese equity fund might help it avoid seeking a government-led bailout.
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Marubeni Corp., a Japanese import-export company, said Wednesday it was open to strategic partners in operating supermarket chain Daiei Inc., but denied news reports that it had approached either Wal-Mart or Aeon Co., a Japanese retailer, to get help in reviving Daiei.
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NEW YORK - A drop in oil prices and upbeat outlooks from Wal-Mart and Lowe's prompted some bargain-hunting on Wall Street, sending stocks sharply higher Monday, with the swing exaggerated by thin late summer trading. The Dow Jones industrials surged more than 120 points higher in late trading...
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Wal-Mart Stores Inc.  on Thursday reported a higher-than-expected 2.4 percent June rise in sales at its U.S. stores open at least a year, and the world's largest retailer said its second-quarter earnings forecast is "attainable."