Ray Kinsella, the baseball enthusiast played by Kevin Costner in the movie “Field of Dreams,” heard the now infamous words: “If you build it, he will come.” Relying on nothing more than blind faith, Ray risked financial ruin to build the baseball field of his dreams. The prophecy ultimately came true and consumers came from… Continue Reading
Tag Archives: Wal-Mart
Big-Box Retailers Provide Alternative Forms of Access to Financial Services
Posted in Banking, Finance, RetailSeveral large, national retailers have recently entered or expanded their reach into the market for financial services. Their initiatives have given consumers new banking and credit alternatives. At the same time, however, the new products may attract scrutiny under existing banking laws and their ultimate prospects remain to be seen. In October 2012, Walmart partnered… Continue Reading
Wal-Mart Goes Solar
Posted in Environmental, Green, RetailIn a recent press release, Wal-Mart Stores Inc. announced plans to install solar panels at its Massachusetts-based stores, and that it had already begun acting on plans to install solar panels at its other stores in other states, including California. Wal-Mart officials estimate that the panels will generate between 10-to-15 percent of each store’s energy… Continue Reading
The Honeymoon is Over – Investigation of Commercial Bribery in the Retail Industry
Posted in Compliance, Cross Border, RetailOver the past decade, the U.S. Department of Justice (DOJ) has drastically ramped up its enforcement of the Foreign Corrupt Practices Act (FCPA), which prohibits the payment or offer of payment of anything of value to a foreign government official to assist a company in obtaining or retaining business. DOJ’s enforcement efforts tend to have… Continue Reading
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