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Walmart to invest $756 million in Brazil
NEW YORK — Wal-Mart Stores said that by the end of the year it will have invested the equivalent of approximately $756 million to expand its operations in Brazil.
Marcos Samaha, president of Wal-Mart's Brazilian subsidiary, said in a Tuesday statement that 1.2 billion reals ($755 million) will be used to build 80 stores, renovate existing locations and improve logistics.
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Unemployment rises back up to 9.0%
New York City -- The unemployment rate in April edged up to 9.0%, compared with 8.8% in March 2011.
Construction employment was about unchanged in April, according to Friday's report from the Bureau of Labor Statistics. This industry has shown little net movement since early 2010, after having fallen sharply during the prior three years.
Overall, the economy added 244,000 jobs in April, a higher gain than anticipated by analysts.