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Mike Duke

Wal-Mart CEO’s resignation a reaction to criticisms of the retailer?

Belus Capital Partners CEO Brian Sozzi and FBN’s Charles Payne on the resignation of Wal-Mart CEO Mike Duke .

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  1. Wal-Mart Lowers Its Full-year Sales Outlook

    Wal-Mart Stores Inc. , signaling a tough holiday ahead for retailers, lowered its full-year sales outlook to $475 billion to $480 billion, shortly before the close o...

  2. Wal-Mart Adapts to 'Tough' Economic Conditions

    Wal-Mart Stores Inc is taking a number of steps, from closing poorly performing operations in Brazil and China to opening smaller U.S. stores, as it moves to improve...

  3. Wal-Mart 2Q EPS Meets Views, Outlook Weighs

    Wal-Mart Stores (NYSE:WMT) posted a tepid 1.3% rise in second-quarter profits on Thursday and cut its guidance as the retail leader signaled continued reluctance by ...

  4. Wal-Mart sales disappoint as consumers curb spending

    Wal-Mart Stores Inc posted disappointing quarterly U.S. sales on Thursday as shoppers pinched by higher payroll taxes and gas prices made fewer trips to its stores, ...

  5. Wal-Mart Shareholders Tepidly Back CEO

    Wal-Mart Stores Inc (NYSE:WMT) shareholders approved the election of all 14 director nominees at the company's annual meeting last week, but many again voted against...

  6. Wal-Mart:online Sales To Reach $10 Billion This Yr

    Wal-Mart Stores Inc. Chief Executive Mike Duke said at the company's annual shareholder meeting on Friday that it expects to generate $10 billion in online sales by ...

  7. Lower income shoppers still feeling pinched, U.S. retailers say

    Cooler than usual weather and belt-tightening by shoppers still struggling with higher payroll taxes and stubborn unemployment dampened sales last quarter at chains ...

  8. Wal-Mart's 2nd Quarter May Be Challenged; 1st Quarter Net Rises 1.1%

    Wal-Mart Stores Inc.'s (WMT) customers remain stymied by job and employment concerns, suggesting the company's second-quarter results will be challenged despite the ...

  9. Wal-Mart 1st-Quarter Net Up 1.1% on Modest Sales Rise

    Wal-Mart Stores Inc.'s (WMT) fiscal first-quarter earnings rose 1.1% as the world's largest retailer reported slightly stronger revenue amid continued challenges for...

  10. Wal-Mart Net Up 1% on Modest Revenue Rise

    Wal-Mart Stores Inc.'s (WMT) fiscal first-quarter earnings rose 1.1% as the world's largest retailer reported slightly stronger revenue, though same-store sales miss...

  11. Wal-Mart 1st-Quarter Net Up 1.1% on Modest Revenue Rise

    Wal-Mart Stores Inc.'s (WMT) fiscal first-quarter earnings rose 1.1% as the world's largest retailer reported slightly stronger revenue, though same-store sales miss...

  12. Wal-Mart Profit, Sales Miss Views; Shares Fall

    Wal-Mart Stores Inc. said its first-quarter profit rose 1.1% to $3.78 billion, or $1.14 a share, from $3.74 billion, or $1.09 a share, a year earlier. Revenue rose 1...

  1. Dow Ticks Up to Fresh High in Light Trade

    FOX Business: Capitalism Lives HereThe blue-chip average tilted just slightly higher in lighter-than-usual volume Monday as traders eyed disappointing housing data.T...

  2. Markets Eye Fresh Records Despite Housing Data

    FOX Business: Capitalism Lives HereU.S. stocks crept higher Monday afternoon as the S&P 500 looked to clinch another all-time closing high despite a round of disappo...

  3. Walmart names Doug McMillon new CEO

    FBN's Adam Shapiro breaks down late-morning market news.

  4. Wal-Mart names McMillon to replace Duke as CEO

    Wal-Mart Stores Inc named company veteran Doug McMillon to replace Chief Executive Mike Duke, who will retire on January 31 after five years at the helm of the world...

  5. Wal-Mart hires new CEO

    FBN’s Diane Macedo on Wal-Mart’s new CEO, Chrysler’s IPO and Apple’s new acquisition.

  6. Wal-Mart Names New Chief Executive

    Wal-Mart Stores (NYSE:WMT) said Monday that longtime company executive Doug McMillon will replace CEO Mike Duke, who plans to retire early next year.McMillon, 47, is...

  7. Wal-Mart Logs 3Q Sales Miss, Soft Holiday Outlook

    Wal-Mart Stores (NYSE:WMT) posted a 2.8% rise in third-quarter profits on Thursday that topped forecasts, but the world's largest retailer missed sales projections a...

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