For frugal food shoppers, dented tomato cans, crushed cereal boxes are too good to pass upARVADA, Colo. — You won’t find a perfectly ripe tomato at Martin Palumbo’s grocery store. You won’t even find a perfect can of tomatoes. Exxon Mobil 2Q profit down 66 percent as lower crude, gas prices cut into earningsExxon Mobil Corp. on Thursday reported its lowest profit in nearly six years, a 66 percent plunge from the second quarter a year ago as the world’s biggest publicly traded oil company confronted sharply lower crude and gas prices and anemic demand for refined products. Himachal export firm to promote natural milk-based products in North IndiaNEW DELHI - Himalayan International, a food processing export oriented firm based in Himachal Pradesh,is set to enter the north Indian market,including Delhi, Punjab, Haryana, Himachal Pradesh and the Union Territory of Chandigarhnext month with its full range of hundred percent natural milk based products and ethnic indian sweets. Ala. city plows hill beneath 1,000-year-old Indian site to get fill dirt for a Sam’s ClubOXFORD, Ala. — Bucket loaders and bulldozers are tearing apart a hill that researchers call the foundation of an ancient Native American site to provide fill dirt for a Sam’s Club store, a move that appalls preservationists. Woman ‘married’ to pastor Alamo admits hating him, says she’s trying to protect younger sisterTEXARKANA, Ark. — A woman who said evangelist Tony Alamo had sexually abused her since she was 8 acknowledged to jurors Friday that she hates him, but said the reason she agreed to testify was because she is afraid he will molest her little sister. Wal-Mart to create eco-ratings for everything it sells, likely adding to suppliers’ costsNEW YORK — Wal-Mart Stores Inc., the world’s largest retailer, plans to demand that all its suppliers measure the environmental cost of making their products so Wal-Mart can calculate and post an eco-rating for each item. New Tracfone brand experimenting with cheap ‘unlimited’ access to Verizon Wireless networkNEW YORK — Tracfone Wireless, the country’s largest provider of “prepaid” cell phones, is quietly testing a new service that appears to be a response to the fierce price competition in the prepaid market. June’s retail sales, dampened by rain and job worries, cast shadow over back-to-school seasonNEW YORK — After yet another weak month, retailers are preparing to fight for their share of crucial back-to-school shopping. But they may have to keep discounting to keep consumers coming in, given escalating job uncertainty. Settlement of $17.5M in bias suit by black truckers against Wal-Mart becomes finalLITTLE ROCK, Ark. — A federal judge has given final approval to a $17.5 million settlement of a discrimination lawsuit that accused Wal-Mart Stores Inc. of not hiring black truck drivers. Retailers focus on wardrobe highlights as shoppers shy away from buying head-to-toe lookNEW YORK — Americans are increasingly shopping in their own closets for new looks, so merchants are diving in to help out. Communities confront ‘ghostbox’ buildings when big-box retailers leaveBISMARCK, N.D. — Hundreds of anxious shoppers watched as city officials used power saws to cut 2-by-4s during Home Depot Inc.’s ribbon-cutting ceremony for its 102,700-square-foot building center in Bismarck. Less than three years later, the home improvement retailer shuttered the underperforming store, leaving a big orange empty eyesore on the outskirts of town. States that prohibit debt collectors from seizing wages have lower bankruptcy rates than peersStates that allow debt collectors to seize consumers’ wages have sharply higher bankruptcy rates than neighboring states that prohibit or strictly limit the practice, an Associated Press analysis has found. Consumer safety commission recalls 4 million baby floats due to drowning riskWASHINGTON — The U.S. Consumer Product Safety Commission said Thursday that Aqua-Leisure Industries would recall about 4 million floating baby pool toys that pose a drowning risk. Procter & Gamble testing cheaper version of Tide detergentCINCINNATI — The Procter & Gamble Co. said Wednesday it has begun trying out a lower-cost version of Tide laundry detergent in a bid to churn up new sales in the recession. Recession lures the newly bargain-conscious to Wal-Mart, but how will discounter keep them?The recession steered a new type of customer to Wal-Mart — deeper in the pockets and suddenly looking for bargains. Now the world’s largest retailer has to figure out how to keep that customer when the economy recovers. Wal-Mart taps staff attorney for top diversity positionBENTONVILLE, Ark. — Wal-Mart Stores Inc. has promoted one of its staff attorneys to chief diversity officer. Supreme Court won’t decide whether fake money needs to look real for counterfeiting convictionWASHINGTON — The Supreme Court has refused to hear arguments from a Wal-Mart cashier who said the fake money she agreed to take from counterfeiters was so poorly made that she shouldn’t have been convicted of working with them. Ill. train derailment explosion kills woman running for safety, hundreds evacuatedROCKFORD, Ill. — Railroad tank cars holding thousands of gallons of highly flammable ethanol derailed and exploded in flames, killing a 41-year-old woman as she tried to run to safety from a car stopped at a crossing. Best Buy shares slip after report that 1st-qtr profit fell 15 pct as shoppers limited spendingNEW YORK — Best Buy Co. Inc. is winning over customers left stranded when Circuit City closed, but it is still struggling with sluggish sales as shoppers continue to limit big purchases and Wal-Mart steps up competition. Postelection glee is gone: Foreign companies eye India with cautious optimismMUMBAI, India — At first, last month’s clear victory of India’s ruling Congress party raised hopes that the doors to Asia’s third-largest economy would be thrown open to foreign investment. The stock market surged on euphoria that with reform-minded leadership firmly in place, Bank of America branches and Wal-Marts would quickly take root across the land. At celebrity-studded annual meeting, Wal-Mart vows to hang onto customers gained in recessionFAYETTEVILLE, Ark. — Wal-Mart Stores Inc.’s new President and CEO Mike Duke pledged to shareholders Friday that the world’s largest retailer will speed efforts to improve its operations, from offering more compelling merchandise to keeping prices low, as it aims to hold onto customers when the economy improves. Wal-Mart announces new $15B share repurchase program at annual meetingFAYETTEVILLE, Ark. — Wal-Mart Stores Inc. is launching a new $15 billion share repurchase program. Wal-Mart vice chairman pledges more diversity, advancement in workforce in speech at meetingFAYETTEVILLE, Ark. — Wal-Mart Stores’s Vice Chairman Eduardo Castro-Wright promised shareholders at its annual meeting Friday that it will press for more diversity in its workforce and create more career opportunities for advancement. Jobless claims drop, but unemployment is expected to keep risingWASHINGTON — The number of people on the jobless rolls is down by a fraction, but those figures could be deceiving: Economists expect the unemployment rate to rise again on Friday, and jobs should be scarce for months to come. Wal-Mart seeks acquisitions overseas as it continues to take market share from rivals globallyROGERS, Ark. — Wal-Mart is actively seeking acquisitions abroad, including in Russia, as its low-price formula helps it pick up market share and customers in the global recession. World stocks edge higher as key US jobs report for May loomsLONDON — European stock markets closely modestly higher Thursday as Wall Street clawed back early losses amid hopes that Friday’s closely watched U.S. non-farm payrolls report for May may not be as bleak as many investors were anticipating. New jobless claims dip to 621,000; continuing claims fall for first time in 20 weeksWASHINGTON — The number of people on the unemployment insurance rolls fell slightly for the first time in 20 weeks, while the tally of new jobless claims also dipped, the government said Thursday. Police: 2 arrested in shooting death of armored car guard at Wal-Mart near Tacoma, Wash.LAKEWOOD, Wash. — Police in Washington state say two people have been arrested in connection with the killing of an armored car guard during a robbery at a Wal-Mart. 1 guard dead, 2nd person wounded in suburban Tacoma, Wash., robbery of bank branch in Wal-MartLAKEWOOD, Wash. — Police near Tacoma, Wash., say an armored car guard was killed and a bystander wounded as two men robbed the guard at a bank inside a Wal-Mart. Man caught shoplifting pulls fire alarm in holding cell, setting off sprinklers, police sayBETHLEHEM, Pa. — Police said a Pennsylvania man arrested on a shoplifting charge pulled a fire alarm in a holding cell, setting off the police station’s sprinkler system. The 18-year-old man was arrested Friday by Colonial Regional police and accused of stealing merchandise worth $275 from a Wal-Mart store in Lower Nazareth Township. |