Wal-Mart Stores Inc. (NYSE:WMT) has reacted to customer complaints over the original fee for this year’s layaway plan, and is cutting the fee from $15 to $5. Layaway, which is a concept from decades past, lets a shopper set a purchase back at the store, and then pay over time. The company brought the service back last year following a five-year hiatus, and it has greatly boosted seasonal sales totals.
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Exxon Mobil Corp. (NYSE:XOM) and Rosneft have named Vostochniy Offshore Structures Construction Yard to run a concept and feasibility evaluation for a platform that can safely explore Kara Sea’s shallow depths. The structure is designed to operate in up to 60 meters, or 200 feet, of water. The structure with drilling equipment would be installed on the seabed to drill a bore and then would be refloated and moved along other drilling sites.
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