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Actions expected to generate approximately $40 million in annualized pre-tax savings include closing approximately 170 underperforming domestic retail stores by mid-2014.
The company is taking the measures to further enhance its ability to execute its business strategy, accelerate international growth, and develop and broaden leadership talent.
The announcement comes shortly after the company's largest competitor, The Procter & Gamble Company, made headlines when it reported that 45 of its facilities have now achieved zero manufacturing waste to landfill.
Walmart President and CEO Mike Duke announces the company's next step on the path to achieving its goal of being supplied 100 percent by renewable energy.
A series of actions that began with the acquisition of Coca-Cola Enterprises North American operations in 2010 will result in a more agile, modern, customer-focused franchise business partnership model unique to the United States.
What if waste...isn't waste? What if it can become something with value like a roof tile or fertilizer for planting trees? P&G explains how innovative manufacturing solutions have become the cornerstone of P&G's zero-waste vision.
A Special Committee formed by the American Greeting Board of Directors concluded unanimously that a transaction (valued at approximately $878 million) with the Weiss Family was fair and in the best interests of the company's public shareholders.
The appointment replaces Dave Evans, who resigned as chief financial officer and executive vice president in January when he accepted a similar role with Columbus-based Battelle.