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In Brief: Wal-Mart Exec Shift

A brief look at some of the day's stories.

WAL-MART EXEC SHIFT: Wal-Mart Stores Inc. said Thursday that it promoted Doug McMillon to president and chief executive officer of Sam’s Club. McMillon, 38, replaces Kevin Turner who is leaving the firm to become chief operating officer at Microsoft Corp. McMillon began as a buyer trainee at Wal-Mart in 1991 and was most recently executive vice president of merchandising and replenishment at Sam’s Club. Turner, 40, will join Microsoft on Sept. 8.