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Legislative, Regulatory & Legal

  • Wal-Mart fires India manager in bribery probe

    New Delhi, India – The India unit of Wal-Mart Stores Inc. has reportedly fired a mid-level manager as part of a probe into alleged bribery violations. According to the Economic Times, Wal-Mart gave the manager a termination notice last week, two years after the company suspended its former India CEO and legal team due to possible violations of U.S. anti-bribery laws.

  • Home Depot and Lowe's: buzzkill for environmentalists?

    Environmental advocates and building industry pros have long circled each other in conflict and cooperation, but it seems that there's a loud and growing faction of activists putting a relatively new issue on the map.

    That's because bees are dying -- suddenly, and often at once, numbering in the millions -- a troubling effect known as Colony Collapse Disorder that has been linked to the use of neonicotinoids, a type of insecticide that can be found on Lowe's and Home Depot shelves nationwide.

  • Wal-Mart workers plan to protest on Black Friday

    Bentonville, Ark. -- For the third consecutive year, Wal-Mart workers at about 1,600 stores are prepping to protest on Black Friday to demand better wages and benefits.   According to pressure group OUR Walmart, the protestors are demanding a $15/hour wage and consistent full-time hours.  
  • Best Buy to open 5 p.m. on Thanksgiving, one hour earlier than last year

    Minneapolis -- Best Buy has joined the ranks of retailers that have moved up the time their stores will open on Thanksgiving Day. The consumer electronics giant said Tuesday that some 1,000 of its stores will open at 5 p.m. on Thanksgiving Day, which is one hour earlier than last year. The stores will close at 1 a.m. Friday before reopening at 8 a.m. on November 28 (Black Friday) and close at 10 p.m. that day.  
  • Walgreens files for bond offering to finance Alliance Boots purchase

    New York –- Walgreens has reportedly filed for an eight-part benchmark bond offering to help finance its planned $5.3 billion purchase of U.K. drugstore retailer Alliance Boots GmBH. According to Bloomberg, Walgreens has filed with the SEC for three-, five-, seven-, 10-, 20- and 30-year fixed-rate bonds, as well as 18-month and three-year floating-rate notes.  
  • Updated Standard Has More Stringent Lighting Controls

     

    The U.S. Department of Energy has named the ASHRAE/IES 90.1-2013 energy standard as the new national energy reference standard, superseding the 2010 version in effect until then.

    Within two years, all states must put into effect a commercial building energy code at least as stringent as the 2013 version of 90.1, or justify why they cannot comply.

    The updated standard pays particular attention to lighting controls, with more stringent requirements, including*:

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