"We rate WAL-MART STORES INC (WMT) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover.
The commitment was declared by Doug McMillon, president and CEO of Wal-Mart Stores, Inc., on Instagram. As part of the commitment, the Walmart Foundation is making an initial investment of $500,000 in grants to select local nonprofits in the U.S.
Wal-Mart Stores Inc., in the midst of spending $1 billion to raise employees' wages and give them extra training, has been cutting the number of hours some of them work in a bid to keep costs in check.