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Meet retailing’s debt zombies

Reagan era appointee David Stockman is no fan of the current administration or the Federal Reserve’s long-running easy money policy and to make his case against the flawed strategy he singles out four of the biggest names in department store retailing.

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Former Walmart exec joins Alibaba board

Veteran finance executive and former top Walmart executive Wan Ling Martello has joined the board of directors of Alibaba as the Chinese e-commerce giant eyes growth in the U.S.

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Walmart’s turnaround taking more time

Respectable sales growth at Walmart’s U.S. division wasn’t enough to overcome expense pressures and a weak dollar, which caused the company to turn in one of its worst quarterly profit performances in recent memory.