Walmart | Common News Update

Oct32020 by adminNo Comments

Asda bought from Walmart by UK billionaire brothers in £6.8bn deal

Business

The billionaire brothers behind one of Britain's biggest petrol station operators have bought Asda from Walmart in a £6.8bn deal.Sky News exclusively revealed earlier this week that a consortium led by Mohsin and Zuber Issa, the bosses of Blackburn-based EG Group, and TDR Capital, the London private equity firm, had been selected by the American retail giant as the preferred bidder to takeover the supermarket chain. Live updates on coronavirus from UK and around world Image: Walmart will retain a stake in the business with a seat on the board Walmart will retain an equity investment in the business, with an ongoing commercial relationship and a seat on the board.Asda will remain headquartered in Leeds and will continue to be led by cu...

Aug302020 by adminNo Comments

What does Walmart see in TikTok? Millions of young shoppers

Technology

Walmart may be the world’s largest retailer but it has mostly failed in its efforts to break Amazon’s online dominanceBy JOSEPH PISANI and TALI ARBEL Associated Press WritersAugust 29, 2020, 3:36 PM• 4 min readShare to FacebookShare to TwitterEmail this articleNEW YORK -- Walmart may be the world's largest retailer but it has mostly failed in its efforts to break Amazon's online dominance.Could TikTok, a fast-growing 3-year-old app filled with goofy videos, be the answer?TikTok's U.S. business appears up for grabs, with the Trump administration trying to force a sale, claiming national-security risks due to its Chinese owner, ByteDance. TikTok denies it is a risk and is suing to stop the administration from a threatened ban.Others have reportedly emerged, but the only confirmed suitors are...

Feb92020 by adminNo Comments

Microsoft, Twitter and Walmart want to help you get a job in tech — without racking up student loans

Finance

Ryan Reed became a technical support specialist at IBM after graduating last year from the tech firm's apprenticeship program. Photo credit: IBM.Ryan Reed was having a tough time.The 38-year-old, a resident of Raleigh, North Carolina, had been trying for months to land a job in technology, a passion dating to his days as a second-grader disassembling flashlights for fun.But the former firefighter, who'd suffered a career-ending back injury, didn't have a college degree — a formidable roadblock in the industry. With five kids to support, he couldn't afford to go back to school.Luck was on Reed's side, though. In 2018, he found — and landed — a paid apprenticeship as part of a new program at IBM, and was recently hired full-time.A growing push among tech firms to hire, pay and train apprenti...

Oct52019 by adminNo Comments

Walmart announces ‘featured providers’ healthcare pilot in three states

Health

Oct. 3 (UPI) -- Retail giant Walmart has announced new programs it says will help its associates find better, more effective healthcare providers. Coming in the wake of their recently announced Sam's Club healthcare pilot, the company on Thursday said it is launching a new pilot program in three states that is designed to connect employees with "Featured Providers" -- "quality, local" doctors who've shown a "demonstrated history" of effective care. The company's new effort, being rolled out in portions of Arkansas, Florida, and Texas, aims to refer participants in the company's medical program to a select group of doctors in eight specialties. Walmart said the pilot will be a partnership with the Nashville-based healthcare analysis firm Embold Health, which will be responsible for sortin...

Sep302019 by adminNo Comments

China’s giant middle class is still growing and companies from Walmart to start-ups want to cash in

Finance

Walmart has three Sam's Clubs in Beijing, including this one in Daxing District. The company plans to open five more in the capital city.Evelyn Cheng | CNBCBEIJING — Some are trying to create characters as memorable as Mickey Mouse. Others are launching lessons on how to cook steak. Still others know Chinese parents will pull out all stops for their kids.It's all a bet on the Chinese middle class, a consumer force McKinsey analysis predicts could reach 550 million in three years — that's more than one-and-a-half times the entire U.S. population today.American consumer giants and a slew of Chinese companies are now angling for a piece of the largest middle class market in the world.For Shanghai-based Pearl Studio, China's imminent rise as the world's largest movie market means the timing is...