Editor's Note: This piece has been updated from August 8, to correct the ticker for Tesco Plc (TSCDY) , which was misidentified as TESO, an unrelated company.
NEW YORK (
) -- Trading volumes may be low but things aren't dead in the news,
Brittany Umar said Friday.
agreed to pay a $190,000 fine for failing to adhere to proper safety conditions. The Labor Department cited the company for having blocked exits, improper trash compactor practices and subpar training regarding hazardous wastes.
Wal-Mmrt has also agreed to improve these conditions and retrain employees with the correct procedures, she said.
Shifting to China,
agreed to merge with state-controlled
China Resources Enterprise
. Tesco will have a 20% stake in the newly formed company after combining 130 of its regional stores.
Finally, sales for the third-largest retailer in the world were down 5% for the fiscal first quarter due to food safety concerns in China.
recently announced its new Xbox One would include a headset, contrary to earlier claims.
The headset, which was originally going to cost gamers an additional $20 to get, will be included with both the limited edition and standard edition systems.
-- Written by Bret Kenwell in Petoskey, Mich.
Bret Kenwell currently writes, blogs and also contributes to Robert Weinstein's Weekly Options Newsletter. Focuses on short-to-intermediate-term trading opportunities that can be exposed via options. He prefers to use debit trades on momentum setups and credit trades on support/resistance setups. He also focuses on building long-term wealth by searching for consistent, quality dividend paying companies and long-term growth companies. He considers himself the surfer, not the wave, in relation to the market and himself. He has no allegiance to either the bull side or the bear side.