4 Consumer Stock Stories for Labor Day Investment Shopping
Wal-Mart Stores Inc. (NYSE:WMT): Closing price $72.98
Wal-Mart on Thursday advised investors that it could provide as much as $50 million in low-interest loans or other types of payments to Bangladeshi factory owners for building improvements. The money is comprised of the more than $100 million in loans and access to capital that a group of North American firms including Wal-Mart and The Gap Inc. pledged last month. It would be necessary for the Bangladesh central bank to approve any foreign currency loan, and details in regards to lending rates also must be finalized.