Wal-Mart Stores Inc. said Doug McMillon, head of its international business, will replace Mike Duke as chief executive officer when he retires as the world’s largest retailer struggles to ignite growth at home and abroad.
Harrisburg left potholes unfilled and raised income taxes as it sank into debt from an incinerator that was supposed to reap millions. Now, residents of Pennsylvania’s capital are days away from shedding the facility that drove the city to insolvency.
Even with the flawed roll out of health-care reform and uproar over spying, Barack Obama is enjoying one of the best stock markets for a re-elected president. Signs are building that it might not last.
A shift by household investors from bonds into equities that Bank of America Corp. dubbed the great rotation is being muted as pension funds and insurers boost fixed-income assets to match future obligations.
W.W. Grainger Inc. Chief Executive Officer Jim Ryan said the largest U.S. industrial supplies distributor is increasing Internet sales, helping boost profit margins while fending off competitors including Amazon.com Inc.
Treasuries rose, with seven-year yields falling to the lowest level in four months, amid speculation subdued inflation and slowing growth will boost demand at a sale of $29 billion of the securities today.