Wal-Mart Expands in Japan and 1 Dow Mover Trading Today
Wal-Mart Stores (NYSE:WMT), for the first time since 2008, moves forward in Japan with an expansion as rises in the numbers of working poor and pensioners on fixed incomes induce a pattern towards thrift there. The company plans 22 new stores in that country during the next two years, according to the Wall Street Journal.
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Exxon Mobil Corporation (NYSE:XOM): Firms in Australia that are exploring for oil and natural gas in shale rock in the United States and in Canada are valued at a median of 11 times their reserves which represents a 23 percent discount to their competitors listed on stock exchanges in North America, says Bloomberg data. RBS Morgans Ltd. believes that the valuation gap could lure suitors to potential targets such as Antares Energy Ltd. (AZZEF), Molopo Energy Ltd., Sundance Energy Australia Ltd., and Red Fork Energy Ltd.
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