A coalition of labor organizations and community groups filed a complaint yesterday with the IRS that alleges Walmart has targeted its grantmaking via the Walmart Foundation to soften opposition to its expansion in several major U.S. cities.
Greg Penner's expected rise to Walmart leadership was formalized this morning with the board's election of Penner to succeed his father-in-law, Rob Walton, as chair of the retailer's board. The annual stockholder meeting is underway in Fayetteville with the usual lineup of celebrity entertainment.
Trinity Church, an Episcopal church in lower Manhattan, is challenging the company on its policy around selling guns and has sued the retail behemoth over its refusal to allow a shareholder vote on Trinity's proposal. Briefs are being filed this week with the Third Circuit Court of Appeals in a case with implications not just for the issue of gun sales but for corporate governance and shareholder activism.
Now they tell us. Walmart finally breaks silence on SB 202, a statute intended to allow discrimination against gay people even if local governments want to prevent it. Breaks wind is more like it, with a statement of opposition after the bill became law.
Representatives from Women's Action for New Directions (WAND) and the American Federation of State, County and Municipal Employees (AFSCME), along with other local organizations, will speak on tax and budget fairness at a rally at the Capitol today at noon. The event, part of a series called "Truthful Tuesdays" coincides with the income tax deadline today.
Walmart's steady march toward domination has a new (and inevitable) turn: "everyday low prices" for organic food. The retail behemoth is partnering with Wild Oats to offer a range of organic food that will be sold at around 25 percent less than similar options sold elsewhere.
Marketplace and Slate examine the business side of Supplemental Nutrition Assistance Program (SNAP) benefits and find, not surprisingly, that the funds are a significant part of big box store's business models.
Some time today, Walmart is supposed to unveil on its corporate website a new blog to communicate with stockholders and anyone else who wants to talk with the giant retailer. Public comments will be permitted, though it's not yet clear if they'll be pre-screened.
Walmart announced this morning an increase in the company's stock dividend from $1.88 to $1.92 a share, or slightly more than a 2 percent increase. More than half of that increase will accrue to the benefit of the family of founder Sam Walton.
The Times Record reports that about 100 people turned out for Fort Smith lawyer Joey McCutcheon's rally to save the Rebel mascot and the "Dixie" fight song along with other trappings of the Confederacy at Fort Smith Southside High School.
All Little Rock TV stations reported Saturday night, quoting unnamed sources, that the two-year-old boy found dead in a car in Hot Springs Friday afternoon was the son of Circuit Judge Wade Naramore, who handles juvenile cases.
A Pulaski County prosecutor today asked that five counts pending against Andre Demetrius Smalley be dropped, including three counts involving the aggravated robbery of Little Rock musician Terry Charles "TC" Edwards. Smalley plead guilty today to a single count of battery, a class B felony, in the shooting of a Little Rock man last April. Smalley's sentencing on that count has been set for September.