Pursuits
Wal-Mart Heirs See $11 Billion Vanish in a Day on Share Fall
- Four family shareholders have lost $41 billion in 2015
- Retailer's shares plunged as company forecasts lower earnings
Wal-Mart CEO: Next Year Is Pressure Point
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Watch out for falling fortunes.
The four members of the Walton family controlling more than half the shares of Wal-Mart Stores Inc. had $11 billion of their combined net worth evaporate Wednesday as shares of the retailer plunged on a lower earnings outlook for the coming fiscal year.