Wal-Mart Stores Inc. will pay up to $54.3 million to settle a class-action suit brought against it in Minnesota that alleged the firm reduced workers’ break time and let employees work off the clock.
Separately on Tuesday, the world’s largest retailer also said it was suspending a $15 billion share repurchase program. Wal-Mart said in a Securities and Exchange Commission filing that it is temporarily discontinuing a $15 billion stock repurchase program its board approved in May 2007 due to the economic environment and instability in the credit market. The company said that, as of Oct. 31, it still had about $5 billion remaining from the initial authorization.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
"That's something that resonates with me too because I'm so locked into a number. If I go over that number it completely ruins my day so it's nice to get detached from the number on the scale." - Chelsea Handler on Kelly LeVeque's book "Body Love." #wwdeye (📷: John Salangsang)