Wal-Mart says Asia chief Greg Foran to now head U.S. business

Wal-Mart Stores Inc said Greg Foran, the head of its Asia business, would now lead its struggling U.S. business.

Foran, who replaces Bill Simon, will take over his new role on Aug. 9, the company said.

Wal-Mart's U.S. same-store sales have remained sluggish for at least a year