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Best Buy founder Schulze to sell part of company holdings
Richfield, Minn. -- Best Buy Inc.’s founder and largest shareholder, Richard Schulze, plans to sell off an unspecified portion of his 20% stock holdings in the chain, according to a filing with the Securities and Exchange Commission.
The move is part of Schulze's “personal long-term strategy for asset diversification and liquidity,” according to the filing, which did not disclose the total number of shares expected to be effected by the sale.
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Walmart to expand health coverage to domestic partners
New York -- Wal-Mart Stores will offer health insurance benefits to its U.S. workers' domestic partners, including those of the same sex, starting Jan. 1, 2014. Wal-Mart sent a postcard to its associates on Monday to tell them about the change. The chain also informed workers that it plans to begin offering vision care to its eligible employees and their dependents.