Wal-Mart CEO’s pay jumps 14.1 percent to USD 20.7 million

Wal-Mart Stores Inc Chief Executive Mike Duke earned USD 20.7 million last year, up from USD 18.1 million a year earlier, as the world’s largest retailer grew despite a sluggish U.S. economy and concerns over alleged international bribery.   Duke’s cash incentive payment in fiscal 2013 was nearly USD 4.4 million, up from nearly USD […]

Big retailers to take to mobile payments

REUTERS – Big retailers such as Wal-Mart Stores , Target Corp and Japan’s 7-Eleven are planning to develop a mobile payment network, the Wall Street Journal reported, citing people involved in the initiative. The Merchant Customers Exchange (MCX) is an initiative taken by these retailers to match similar services from Google , which began operating […]

With Wal-Mart Locked Out, India’s Billionaires Rush In

Last December, Prime Minister Manmohan Singh pledged to open India’s retail industry to foreign giants such Wal-Mart Stores Inc. (WMT) and Carrefour SA. (CA). Seven months later, the foreigners are still waiting, stalled by populist politicians who say their arrival would threaten the survival of India’s legions of small shopowners. The delay has done little […]