Wal-Mart Stores, Inc. (NYSE:WMT) this week sued Visa Inc for $5 billion, accusing the credit and debit card network of excessively high card swipe fees, several months after the retailer opted out of a class action settlement between merchants and Visa and MasterCard Inc. Visa declined to comment on the suit, filed Tuesday in the U.S. District Court for the Western District of Arkansas, where Wal-Mart is headquartered. Visa and other card networks charge retailers fees, called swipe fees or interchange fees, each time a shopper uses a debit or credit card to pay. Wal-Mart Stores, Inc. (NYSE:WMT) shares after opening at $76.76 moved to $77.25 on last trade day and at the end of the day closed at $76.77. Company price to sales ratio in past twelve months was calculated as 0.52 and price to cash ratio as 37.41. Wal-Mart Stores, Inc. (NYSE:WMT) showed a negative weekly performance of 0.13%.
Just look at Amazon.com, Inc. (NASDAQ:AMZN), a component of the S&P 500. According to bigcharts.com, Amazon.com stock is selling at 573 times its earnings! Since the stock market rally that began in 2009, the stock price of this online retailer has climbed more than 800%. Amazon.com, Inc. (NASDAQ:AMZN) shares advanced 1.97% in last trading session and ended the day on $342.99. Amazon.com, Inc. (NASDAQ:AMZN) return on equity ratio is recorded as 3.00% and its return on assets is 0.80%. Amazon.com, Inc. (NASDAQ:AMZN) yearly performance is 30.26%.
The consolidation of Macy’s Inc. (NYSE: M) at Houston’s Galleria mall will affect 136 positions, according to the Texas Workforce Commission. However, the company is confident that most of those employees will find jobs at other local Macy’s stores. Macy’s, Inc. (NYSE:M) shares moved up 0.37% in last trading session and was closed at $59.51, while trading in range of $ 59.13 – 60.19. Macy’s, Inc. (NYSE:M) year to date (YTD) performance is 11.92%.
Target Corporation. (NYSE:TGT) missed multiple opportunities to thwart the hackers responsible for the unprecedented holiday shopping season data breach, U.S. Senate staffers charged in a committee report released on Tuesday. There was no indication the No. 3 U.S. retailer responded to warnings that malware was being installed on Target’s system. Other automated warnings the company ignored revealed how the attackers would carry data out of Target’s network, according to the report. “This analysis suggests that Target missed a number of opportunities along the kill chain to stop the attackers and prevent the massive data breach,” according to the Commerce, Science and Transportation Committee report. Target Corporation. (NYSE:TGT) weekly performance is 2.56%. On last trading day company shares ended up $60.57. Target Corporation. (NYSE:TGT) distance from 50-day simple moving average (SMA50) is 3.71%. Analysts mean target Price for the company is $63.59.
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