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  • Shorts destroyed: Risks of betting on a bubble bursting
    Yesterday saw explosive ramps in some of the market's most widely shorted stocks. But today is a different story.
  • Wal-Mart’s new U.S. chief faces empty shelves, grumpy shoppers
    Empty shelves, grumpy customers, long lines at the register: These are just some of the challenges facing Wal-Mart Stores Inc. (WMT)'s new U.S. chief. Greg Foran, who takes charge Aug. 9, inherits a chain wedded to an outdated big-box model, struggling to increase sales in its stores and online, and losing customers because it can't keep stores adequately stocked. The sluggish U.S. performance contributed to lower-than-projected sales and profit in the quarter that ended April 30. Wal-Mart's profit forecast for the current quarter also came in lower than analysts' estimates.
  • Amazon investors stunned by size of projected loss
    For Amazon, it was a fairly normal quarter right up until the company suggested it would lose between $410 and $810 million in the current quarter.

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