Page 3 - Mexican Business News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The two countries are livged in another story, an alleged bribery scandal at walmart. an investigation is being called into a new york times report on sunday that suggests executives at the retail giant not only engaged in widespread corruption but also attempted to cover it up. several top company officials were implicated in the report, which describes a $24 million effort to bribe mexican officials in exchange for building permits for new stores. investors reacted yesterday, sending walmart stock down nearly 5%. that accounted for about one-fifth of the dow s losses. for much more and a look at the markets, let s turn to steve sedgwick, live in london. steve, how big a deal is this for walmart? it s a huge deal for walmart. you have to remember this is a huge part of the international and merging market growth story for walmart. their mexican business is around 6.5% of global revenues, we re ....

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