Retail

Wal-Mart Stores, Inc. announces that David Cheesewright will be promoted to president and CEO of Walmart International, the company's second largest operating segment.

Expected benefits from using TXT technology, include a more standardized planning process, enhanced collaboration and simulation capabilities, and instant visibility of accurate data.

Philip Morris International Inc. announces its agreement to acquire a 20 percent equity interest in Megapolis Distribution BV.

The five-day period from Thanksgiving to Cyber Monday is the highest five-day stretch in online sales for the retailer to date, and Walmart.com processed more than one billion page views during that period.

While Black Friday (and now Thanksgiving Day) is the traditional kick off to the brick-and-mortar holiday shopping season, both days continue to grow in importance online. Meanwhile, Cyber Monday reached $1.735 billion in desktop online spending, representing the heaviest online spending day in history.

Nestl signs a partnership with Walmart Chile, Coca-Cola Chile, PepsiCo, and Unilever, in a joint collaboration to improve waste management in the country.

Be careful what you wish for. Weve all heard that cautionary tale at one time or another. Sometimes it was merited; sometimes not. With big data initiatives, truer words were never spoken.

Mike Duke retires as CEO after delivering strong financial performance and developing building blocks that position the company for continued success.