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Feb 21, 2013

Wal-Mart U.S. shoppers feel gas pains, tax-return delay

CHICAGO/BOCA RATON, Florida (Reuters) – Wal-Mart Stores Inc (WMT.N: Quote, Profile, Research) said on Thursday that U.S. sales weakness persisted into early February, as Americans absorbed the impact of higher payroll taxes and gasoline prices, along with slow tax refunds that put some spending on hold.

The weakness came even as the world’s largest retailer reported a bigger-than-expected profit increase, which was helped by a lower-than-anticipated tax rate. Wal-Mart also raised its dividend payout.

Feb 21, 2013

Payroll taxes, gas prices take bite out of Wal-Mart’s U.S. Sales

CHICAGO/BOCA RATON, Florida (Reuters) – Wal-Mart Stores Inc said on Thursday that U.S. sales weakness persisted into early February, as Americans absorbed the impact of higher payroll taxes and gasoline prices, along with slow tax refunds that put some spending on hold.

The weakness came even as the world’s largest retailer reported a bigger-than-expected profit increase, which was helped by a lower-than-anticipated tax rate. Wal-Mart also raised its dividend payout.

Jan 14, 2013

CVS stops putting Tylenol in some stores to end supply holes

Jan 14 (Reuters) – If you cannot find Tylenol pain reliever
at your local CVS store this flu season, it might be because
that store is no longer stocking it.

CVS this month changed how it stocks Tylenol at its stores
in the wake of manufacturing problems at the drug’s maker,
Johnson & Johnson, that have disrupted supplies for more
than three years.

Jan 10, 2013

Herbalife defends its honor as Ackman presses case

By Brad Dorfman

(Reuters) – Herbalife Ltd executives defended their business on Thursday as a “legitimate company” with customers outside the network of people who sign up to sell its nutrition products, stepping up the defense against pyramid scheme accusations by short seller Bill Ackman.

The hedge fund operator, who has placed a huge bet that Herbalife stock will fall, has argued that the company is an unsustainable scheme because distributors earn more than 10 times as much from recruitment as they do by selling company products.

Jan 10, 2013

Herbalife says ‘legitimate company,’ takes on Ackman

Jan 10 (Reuters) – Herbalife Ltd stepped up its
defense against activist investor Bill Ackman on Thursday,
stressing it was a “legitimate company” with a mission to
improve nutrition and help public health.

At a meeting with investors in New York, officials of the
nutritional supplement company described Herbalife as
retail-oriented. Ackman has called the company an unsustainable
“pyramid scheme” because distributors earn more than 10 times as
much from recruitment as they do by selling company products.