Tag: Mexico

The question for Wal-Mart is how long its public statement about bribery allegations in Mexico will stand as pressure mounts on the company from several fronts.  A report surfaced today that the U.S. Justice Department has opened a criminal investigation into the matter - news that likely was responsible for a further 2% slide in Wal-Mart shares.  Since Monday, the scandal has clipped the company’s market cap by about 7%, some $12 billion. Wal-Mart responded promptly to the bribery allegations in a Read More