Tuesday, April 24, 2012

MEXICAN BRIBERY SCANDAL PUSHES WAL-MART STOCK DOWN

The news that the Walt-Mart's subsidiary, Wal-Mart de Mexico, had paid millions of dollars in bribes to support expansion in Mexico, has pushed the stock down in stock markets.

The  stock of Arkansas headquartered fell almost 5 percent yesterday, accounting for about one-fifth of the losses in the Dow Jones industrial average.

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