FastSwings.com

   Stocks, Stock Swings, Options, and Option Trades

   Disclaimer: Consult a Financial Advisor prior to taking the advice offered. By reading this blog site you agree to not hold any authors or FastSwings.com responsible for market loses that you may incur.

 Subscribe in a reader

Subscribe to FastSwings by Email

DNNArticleSlider

FastSwings.com Blogs

All Posts Term: hiring
1 post(s) found
Market News

Wal-Mart Cuts Costs Investors Hope For More

Wal-Mart decided to lay off 450 employees Friday at their headquarters in Bentonville Arkansas. Currently there are 18,600 employees working there. The stock rallied a little bit on Friday after the announcement, about 0.2%. The company at the same time has begun hiring seasonal workers.

The company made a statement stating that customers have changed and they need to make changes to stay competitive. The stock of Wal-Mart is down 22% year to date as investors fear competition from Amazon and flat revenue. Same store sales have increased 1.5% in the second quarter and 1.1% in the first quarter, so it's not all bad news.

FaceBook

Market Summary







Categories

FastSwings.com Blogs