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Wal-Mart International focusing on own business over deals

from Reuters

Wal-Mart Stores Inc. is focused on improving results in China and other foreign countries where it already operates, rather than on entering new markets, its top international executive said. "Our focus this year in particular has been on improving returns with our existing businesses," Wal-Mart International Chief Executive Officer Doug McMillon told investors and analysts at a meeting in Toronto that was also webcast. more

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