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Wal-Mart Stores, Inc. ( NYSE:WMT ) currently operates 17 wholesale stores in India with its partner company Bharti Enterprises. Between 3 and 5 new stores corner hutch are expected to be opened by the end of 2012, according to Reuters . Additionally, the retailer is hiring for its local @WalmartLabs division, which indicates that a larger online push could be in store for the region.
McDonald’s Corporation ( NYSE:MCD ) reports that its performance by segment includes United States up by 3 percent, Europe s rose by 3.1 percent, and that of its Asia/Pacific, Middle East and Africa region increased by 5.7 percent. These strong figures might help assuage worries over the company s worldwide same-store sales for August, which ran a bit below the estimates of some analysts, but other observers wonder how much will the new promotions and new menu items might reduce profits. Meanwhile on Tuesday, Burger King Worldwide Inc. (BKW) and The Wendy’s Company ( NYSE:WEN ) both traded higher corner hutch following McDonald’s overall data releases.
General Motors Company ( NYSE:GM ) has ceased the potential sale of 60,000 cars because of a software glitch associated with its OnStar system. Reports say that it’s not merely a typical coding problem, but something that doesn’t let drivers alert OnStar following a crash during which the airbag is not deployed.
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