CHICAGO: Wal-Mart Stores Incs profit and sales surpassed expectations as more people shopped at its established US stores and spent more, pushing shares up more than 4% despite ongoing internal and government probes into possible bribery.
Wal-Marts shares jumped and briefly recovered all of the 8.2% plunge sustained after an April 21 New York Times report uncovered an alleged past bribery scheme in Mexico that the newspaper said Wal-Mart executives knew about.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
