- WAL-MART'S HEALTH INITIATIVE: Wal-Mart Stores Inc. has tapped physician John Agwunobi, current assistant secretary for the U.S. Department of Health and Human Services, as president of the company's professional services division. Agwunobi fills a post vacated by Bill Simon, who was promoted in April to chief operating officer of Wal-Mart U.S. after launching the Bentonville, Ark., retailer's highly successful $4 generic prescription drug program. Agwunobi, who starts Sept. 4, will report to Simon and will oversee the company's pharmacies, vision centers and health care clinics. Wal-Mart has said it is interested in developing new low-cost health care products and services, and has already committed to rolling out health clinics to 400 stores by 2010.

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