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Walmart Whistle-Blower Suit Renews Fears About Amazon Battle

  • Investor reaction to cheating claims was brief though sharp
  • Worries over the retailer’s push to boost online business
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Walmart Whistle-Blower Claims Retailer Cheated to Catch Amazon

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The reaction to a whistle-blower’s allegations of improprieties at Walmart Inc.’s online business was sharp. The stock suffered its worst intraday decline in two weeks, showing just how deep the worries are over the company’s growth engine.

The shares bounced back before the market closed on Thursday and rose on Friday. But the abrupt, initial dip was enough to signal once again that, when it comes to the bid to catch up with Amazon.com Inc. in e-commerce, the world’s largest retailer has little margin for error.