Amidst allegations of involvement in a foreign bribery scandal, Wal-Mart Stores vice chairman Eduardo Castro-Wright has vacated his seat on the board of life insurer MetLife, according to a Tuesday announcement by Wal-Mart.

Wal-Mart Stores announced that Eduardo Castro-Wright, 56, vice chairman and CEO of the company’s global e-commerce and global sourcing businesses, will retire on July 1, 2012.

According to reports by Reuters and Bloomberg on Friday, Wal-Mart Stores is transferring management of its e-commerce business to store-level leadership in developed countries and said that two online executives are leaving the company.

Wal-Mart Stores said Monday it is acquiring Mountain View, Calif.-based social media company Kosmix to help strengthen its social and mobile commerce.

Wal-Mart de Mexico SA reported late Monday that its second-quarter profits surged 24%....

Wal-Mart Stores said Tuesday that its vice chairman Eduardo Castro-Wright is leaving his post as...

Wal-Mart Stores' CEO Mike Duke told shareholders at its annual meeting Friday that the company...

Eduardo Castro-Wright, the head of Wal-Mart Stores’ U.S. operations, believes there is still plenty of...

Trading company Li & Fung Ltd. said Thursday it signed a non-exclusive sourcing deal with...

Within the space of two weeks’ time early next year, we will inaugurate a new...

In an unexpected move, Wal-Mart Stores Inc. announced Friday chief executive Lee Scott will retire...

Sam's Club announced Tuesday during the Wal-Mart Stores’ annual analyst conference that it plans to...