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March 24, 2006

Business News: Wal-Bank?

From today's NYT:

A Show of Hands for Wal-Mart
By MICHAEL BARBARO
Published: March 24, 2006

Wal-Mart, says the National Center for Missing and Exploited Children, is a "generous and thoughtful" partner that has helped recover 140 missing children. Maybe so, but the liberal group Americans for Democratic Action argues that Wal-Mart is "socially irresponsible" for skimping on employee wages.

Protesters at a rally in Washington Thursday took issue with Wal-Mart's aspirations to get into the banking business. Some other groups, including the Salvation Army, support the nation's largest retailer.
A dispute over a new store? Not exactly. Instead, these two groups — and an eclectic collection of 69 more — have signed up to testify before federal regulators deciding, of all things, whether Wal-Mart can open a bank.

LINK to article (otherwise, UIUC users can locate article in LexisNexis when article is older than 30 days)

Posted by Becky at March 24, 2006 9:57 AM Posted to Investments/Finance