(Reuters) - The world's biggest retailer said on Friday it will buy
back $15 billion of its own stock and it will also cut the
number of supercenters it plans to open this year by as much as
30 percent as it tries to boost U.S. sales. For details, see
[ID:nN01324918].
"We believe the currently proposed strategic shift will
have only a minor impact on Wal-Mart's credit quality," said
Bank of America analyst Christopher Brown.
Read more at Reuters.com Bonds News
back $15 billion of its own stock and it will also cut the
number of supercenters it plans to open this year by as much as
30 percent as it tries to boost U.S. sales. For details, see
[ID:nN01324918].
"We believe the currently proposed strategic shift will
have only a minor impact on Wal-Mart's credit quality," said
Bank of America analyst Christopher Brown.
Read more at Reuters.com Bonds News
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