Wal-Mart Points to Taxes in Cutting Profit Forecast
Aug. 15 (Bloomberg) -- Wendy Liebmann, CEO at WSL Strategic Retail, reviews second-quarter results from Wal-Mart , as the retailer cut its full-year profit forecast, pointing to the hike in payroll taxes. She speaks on Bloomberg Television's "Bloomberg Surveillance."
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Canadian National Beats Estimates After Cutting Costs
46:04 - Canadian National Railway reported second-quarter profit that topped analysts’ estimates as the carrier cut jobs and parked locomotives to blunt the effects of weakening freight demand. Bloomberg Intelligence's Lee Klaskow speaks on The Daily Brief. (Source: Bloomberg)