Brian Cornell News
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The end of Ben S. Bernanke’s term as Federal Reserve chairman in January 2014 hasn’t stopped investors from betting the central bank will hold the benchmark interest rate close to zero into the following year.
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Retail sales probably improved for a second month in August as consumers overcame a lack of jobs and stagnant wages, economists said before reports this week.
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Wal-Mart Stores Inc., the world’s largest retailer, said Brian Cornell would step down as president and chief executive officer of its Sam’s Club membership warehouse unit and be replaced by Rosalind Brewer.
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PepsiCo Inc., set to announce a turnaround plan next week, is trying to recruit former Wal-Mart Stores Inc. executive Brian Cornell for a key job with the soda and snacks company, according to two people familiar with the discussions.
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PepsiCo Inc., the world’s largest snack-food maker, named Brian Cornell chief executive officer of its Americas foods business as part of a new global structure.
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Wal-Mart Stores Inc., the world’s largest retailer, reported fourth-quarter profit that trailed analysts’ estimates as an emphasis on low prices hurt margins. The shares tumbled the most in six months.
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The cost of living in the U.S. climbed more than forecast in February, led by the highest food prices since 2008 and rising fuel costs.
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Cattle futures jumped to a record as rising demand for U.S. beef erodes supplies of animals for slaughterhouses and boosts meat costs for food retailers, including Wal-Mart Stores Inc.
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Shares of the following companies may have unusual moves in U.S. trading tomorrow. Stock symbols are in parentheses and prices are as of 7:45 a.m. in New York.
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Cattle futures jumped to a record in Chicago as rising demand for U.S. beef erodes supplies of animals for slaughterhouses and boosts meat costs for food retailers, including Wal-Mart Stores Inc.
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