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Report: Wal-Mart reopens 13 stores in China after food safety case
Beijing -- The Xinhua News Agency in Beijing, China, said that Wal-Mart Stores has reopened 13 stores in Chongqing after being forced by authorities to close the stores for 15 days over the mislabeling of regular pork as organic.
Chongqing authorities had also arrested two employees and fined the company $421,000 on charges of passing off regular pork as higher-priced organic meat earlier in October.
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RadioShack announces new capital allocation strategy
Fort Worth, Texas -- RadioShack Corp. announced Tuesday a 100% increase in its dividend and the authorization of a $200 million share repurchase program as part of a new capital allocation strategy.
The strategy, according to the company, is designed to balance business growth opportunities with continued strong cash flow and provide a more consistent return of excess cash to long-term shareholders.