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Wal-Mart spent $1.49 million on lobbying in Q3
New York City -- Wal-Mart Stores spent $1.49 million on lobbying in the third quarter on a wide range of issues including food safety, nutritional labeling and corporate tax reform, according to a recent disclosure report.
The total is the same as the $1.49 million the discounter spent in second quarter 2011.
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Pantry Q4 drops on charge
Cary, N.C. -- The Pantry Inc.'s fiscal fourth-quarter profit fell 61%, pulled down by an impairment charge. Net income fell to $3.3 million for the period ended Sept. 29, down from $8.5 million in the year-ago period, which had one extra week.
Interim CEO Edwin Holman said in a statement that the convenience-store company will look to improve its merchandise sales next year and will do this by taking a look at the prices it charges.
Revenue rose 12% to $2.18 billion, boosted by fuel sales. Same-store sales were down 0.8%.