Walmart Shares Fall on Bribery Probe

Walmart’s stock fell 4.7 percent in Monday trading after a weekend New York Times article uncovered an internal investigation into bribery at the retailer’s Mexican operations. The alleged bribes are reported to have been made as the company pursued rapid growth in what has become one of its largest foreign markets, and analysts say the allegations may hamper the retail giant’s plans for expansion. If the allegations against Walmart prove to be true, they could put the company in violation of U.S. law. Shares of Walmart de Mexico were down 6.56 pesos Monday.