Posted AT 7:43 AM EST on 14/08/08
Wal-Mart profit soars 17%
NEW YORK — — Wal-Mart Stores Inc. said Thursday second-quarter profit rose 17 per cent and raised its full-year forecast as the world's largest retailer benefits from low prices that are attracting financially squeezed shoppers in a challenging economy and its campaign to cut costs.
The Bentonville, Ark.-based retailer said that net income was $3.45-billion (U.S.
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