Wal-Mart Posts First Profit Drop In 10 Years...

Associated Press:

Wal-Mart Stores Inc. posted its first profit decline in a decade Tuesday as the world's largest retailer was forced to pay a hefty price for withdrawing from Germany, selling its stores there at a loss to a rival.

Chief Executive Lee Scott also said sales at Wal-Mart's U.S. stores were disappointing as high gas and energy prices hit the pocketbooks of customers.

Read the whole story: Associated Press