International Business

New York City -- Wal-Mart Stores was ordered to temporarily halt operations at seven stores in the city of Chongqing in southwest China, as the local government investigates accusations that it mislabeled some pork products as organic.

The company, which was ordered to pay $421,000 over the incident, apologized to shoppers for any inconvenience and said it was cooperating with authorities.

New York City -- Footwear designer Jean-Michel Cazabat said he will open his first U.S. store on Oct. 8 in New York City's West Village.

ATLANTA — The Home Depot Thursday announced it has named Teresa Wynn Roseborough EVP, general counsel and corporate secretary. She will join the company's senior leadership team and report to Frank Blake, chairman and CEO.

Roseborough will be responsible for leading The Home Depot's legal department, as well as its government relations and corporate security services functions. She will assume her new role on Nov. 7.

New York City -- Although many CFOs have sustainability on their screens, some have yet to fully engage with the new risks – and opportunities – that the "sustainability imperative" presents, according to a survey conducted by Deloitte.

The study, “Sustainable Finance: The risks and opportunities that (some) CFOs are overlooking,” finds there is considerable opportunity for CFOs to shape their companies' strategic responses to sustainability issues.

Among its key findings:

Atlanta -- The Home Depot announced it has named Teresa Wynn Roseborough executive VP general counsel and corporate secretary, effective in November.

Roseborough, who will be responsible for leading The Home Depot's legal department, as well as its government relations and corporate security services functions, joins the chain from MetLife, where she most recently served as deputy general counsel.

Brisbane, Calif. -- Bebe Stores reported Thursday that revenue for the quarter ended Oct. 1 rose 7.1% to $116 million, missing Wall Street’s expected $124.1 million in sales.

Same-store sales for the quarter rose 7%.

The apparel retailer said it is focused on international growth and expects its international licensees will grow by up to 30 freestanding stores and 30 shops inside department stores in the fiscal year.

Walmart is set to hold its 18th annual fall analysts’ meeting next week and provide insight into a broad range of growth strategies, domestic turnaround efforts and international expansion. The event is scheduled to last from 8 a.m. to 3 p.m.

Austin, Texas -- Golfsmith International said Tuesday that it has established a partnership with The MoreGolf Group – South Africa’s largest golf retailer – as part of a global strategy toward growth.

At 78 stores, Golfsmith is the largest golf specialty retailer in the United States. It said it will reinvest the income generated from the just-announced partnership into its core U.S. business.