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Delhaize profit rises in Q3
Amsterdam -- Delhaize Group reported Wednesday that its third-quarter net profit rose 10% to $193 million, compared with a profit of $176 million in the year-ago period. Excluding currency effects, profit rose 2.7%.
The Belgian supermarket operator attributed the improvements to a stronger dollar against the euro, but also warned the retail environment in the United States remains challenging.
Revenue rose to $7.3 billion from $6.7 billion a year earlier.
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Walmart names senior VP
Bentonville, Ark. -- Wal-Mart Stores announced Wednesday that it has promoted Jeff Davis to the position of senior VP and treasurer, effective Dec. 1.
In his new role, Davis will assume responsibility for treasury operations, capital markets, investor relations and risk management. Davis succeeds Charles Holley, who has been named to the position of executive VP and CFO, also effective Dec. 1.