-
Rite Aid to pay fine for dumping
Los Angeles -- Rite Aid Corp. has been ordered to pay more than $12 million to settle a civil environmental protection lawsuit filed in California claiming about 600 of its stores illegally dumped pesticides, bleach and other toxics, the Associated Press reported.
The lawsuit was filed last month by the district attorneys of Los Angeles, San Joaquin and Riverside counties, with a total of 52 California district attorneys joining the civil action.
-
Walmart splits with Indian JV partner
Walmart and its joint venture partner in India, Bharti Enterprises, are parting ways after six years, the companies announced.
Plans call for Walmart to acquire Bharti’s 50% stake in their joint venture begun in 2007 to operate cash and carry wholesale stores branded as Best Price Modern Wholesale. At the time, that was the only sector of retail where Indian law allowed for foreign direct investment. The first Best Price store opened in 2009 and today there are 20 units spread throughout India.