Greg Penner

Wal-Mart Stores, Inc. (NYSE: WMT) announced after Wednesday's market close that four members of its board of directors – Aida Alvarez, Roger Corbett, Mike Duke and Jim Walton – will not stand for re-election at the company's annual shareholders' meeting. At the same time, the board of...

Retail giant Wal-Mart Stores, Inc. (NASDAQ: WMT) will be keeping its chairman of the board position in the Walton family, as the company announced on Friday that Greg Penner, grandson-in-law to founder Sam Walton, will take over the position. The Walton family has maintained influential...

Wal-Mart Stores, Inc. (NYSE: WMT) on Friday elected a new chairman of the board, replacing Rob Walton, who has served for 23 years. Walton, the eldest son of store founder Sam Walton, is being replaced by son-in-law Greg Penner. With a net worth of nearly $38 billion, Walton was ranked the...

U.S. stocks were higher on Friday, marking the third consecutive week of gains. Investors cheered May's job report which showed a slow and steady improvement in the labor market. Continuing the trend set in recent trading sessions, the Dow Jones Industrial Average and S&P 500 index...