Karl Greenberg, Apr 25, 2012, 11:22 AM
  • Walmart Responds To 'Times' Article Chain Store Age

    In response to the New York Times article about compliance with the U.S. Foreign Corrupt Practices Act, Wal-Mart VP corporate communications, David Tovar on Tuesday made the following statement: "Walmart has been working diligently on U.S. Foreign Corrupt Practices Act (FCPA) compliance and has a rigorous process in place to quickly and aggressively manage issues like this when they arise. In the last year, we have taken a number of specific, concrete actions to investigate this matter and strengthen our global FCPA compliance processes and procedures around the world and in Bentonville and Mexico." Read the whole story...

  • Walmart Creates Compliance Position CBS Money Watch

    Wal-Mart Stores is creating a new global compliance officer position following reports that the world's largest retailer allegedly covered up results of an internal probe proving that its Mexican subsidiary bribed officials there. The new global leader, who has not been named, will make sure the discounter is in compliance worldwide with the U.S. law that forbids U.S companies from engaging in bribery and other corrupt practices overseas. Read the whole story...

  • Will New BlackBerry Curve Help RIM In India? Direct Marketing News

    Blogger Allison Schiff culls different news reports on whether the new Curve will help BlackBerry swerve away from the precipice. The Curve 9220, which launched on April 18 with much fanfare in India, might help the company claw its way back to relevancy. But in any case the Indian market could be the life buoy the company needs, she says. Read the whole story...

  • Beijing Auto Show Rules Wired

    Not too long ago it would have been impossible to conceive of automakers skipping Frankfurt, and Geneva, not to mention Detroit, to make their global product debuts in Beijing. But China's the big dog in auto sales now. The 2012 Beijing Auto Show features everything from first cars for urban dwellers to super-broughams for the rich. Read the whole story...

  • Credit Card Fees Killing Gas Stations Convenience Store News

    You'd think gas stations are making a killing on $4 a gallon gas, but they are getting killed by swipe fees, according to a c-store trade group that is girding its loins to duke it out with banks. Read the whole story...

  • America's Most Influential Athletes Forbes

    Last year, three drivers from the Nascar circuit made Forbes' list of America's Most Influential Athletes, led by perennial Sprint Cup Series champ Jimmie Johnson. Johnson, with ties to Chevrolet, Quaker State and Lowe's, repeats as America's most influential athlete, based on public opinion polling. But fellow drivers Dale Earnhardt, Jr. (down from No. 3 to No. 7) and Jeff Gordon (off the list this year) didn't keep up, making way for newcomers like Jeremy Lin and Manny Pacquiao, and for the rise of several pro quarterbacks. Read the whole story...

  • Scion Drops The Box Detroit Bureau

    Scion, Toyota's "experimental" auto brand debuted the boxy xB nearly a decade ago, and the vehicle created a lot of imitators. But a second-generation update left buyers cold, sending sales plunging - and now, it appears, Scion is about to say "bye-bye" to the box. Read the whole story...

  • Carvel Gets Redesign QSR Magazine

    Carvel Ice Cream has debuted a new "classic cool" look including a new menu, new graphics, cake designs, and retro uniforms for staff. Carvel has also changed its logo to give a retrospective look. New flavors include caramel, cotton candy, peanut butter, and cake mix. On April 26, the chain is giving a free soft serve junior cone to consumers, via a Facebook promo. Read the whole story...