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Securities and Exchange Commission

Walmart in settlement with DOJ

BENTONVILLE, Ark. — Wal­mart has concluded a global settlement with the Department of Justice (DOJ) and Securities and Exchange Commission (SEC) that ends an investigation of more than seven years into the company’s compliance with the U.S. Foreign Corrupt Practices Act (FCPA). The retailer has agreed to pay a total of $282.7 million to settle

Rite Aid looks ahead to stronger store base

Rite Aid looks ahead to stronger store base

CAMP HILL, Pa. — Rite Aid Corp. has provided a more detailed picture of its store base after the expected closing of its deal to sell nearly half its stores to Walgreens Boots Alliance (WBA). In a filing with the Securities and Exchange Commission, Rite Aid said it would have 2,336 stores following the sale

Filing raises concerns about Sears

HOFFMAN ESTATES, Ill. — Concerns that the parent of Sears and Kmart is headed toward bankruptcy were rekindled when the company offered in a disclosure that it might not be in operation a year from now. “Our historical operating results indicate substantial doubt exists related to the company’s ability to continue as a going concern,”

Albertsons is gearing up for IPO

BOISE, Idaho – Albertsons is preparing for an initial public offering of stock and has reacquired 33 of the stores it was forced by antitrust regulators to sell ahead of its buyout of ­Safeway. Albertsons last month filed an amended S-1 form with the Securities and Exchange Commission regarding its IPO. The company expects to