Wal-Mart and Tesco are both considering buying Carrefour's South Korean operation. "Analysts believe that the French group is committed to selling its 31 stores in South Korea because of their relative underperformance against domestic rivals and after its withdrawal from Japan last year."
P&G has filed another suit against private-label copycats -- their third in the past several months. "P&G claimed First Quality ... was manufacturing and distributing products that copied Tampax Pearl packaging..." A previous post on this subject is here.
CVS announced that a couple top execs, treasurer and controller, had resigned and that the SEC is investigating the company over a 2000 inventory transaction. "An internal review launched in December found that various aspects of the company's accounting for the transaction were incorrect, CVS said, though no adjustments to its financial statements are needed."
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