(Reuters) - Wal-Mart Stores Inc's profit and sales surpassed expectations on Thursday as more people shopped at its established U.S. stores and spent more, pushing shares up 5 percent despite ongoing internal and government probes into possible bribery. Wal-Mart's shares jumped and briefly recovered all of the 8.2 percent plunge suffered after an April 21 New York Times report uncovered an alleged past bribery scheme in Mexico that the newspaper said Wal-Mart executives knew about. The first-quarter results, including a 10.1 percent jump in profit, showed that Wal-Mart's U.S. ...
Strong Wal-Mart profit trumps bribery probe concerns
Thu, 17 May 2012 21:02:01 GMT
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