In what’s been a closely guarded family secret, the late Walmart heir John Walton gave half of his then-$17 billion estimated fortune to charitable trusts and a third to their only child, Lukas Walton, now 29, an analysis of court documents reveals. His wife Christy got the rest.

Ever since Walmart heir John T Walton died 10 years ago in a plane crash, it has been widely assumed that he passed the bulk of his vast estate to (...)

 A shopping cart with a discarded box from a big screen TV in the near empty parking lot of a Walmart in Secaucus, New Jersey

Wal-Mart has warned that higher wages as well as spending on e-commerce and lower prices would cut earnings per share as much as 12 per cent next fisc(...)

Building materials group CRH tracked industry rivals to close 1.3 per cent down at €23.09. Photograph: Brenda Fitzsimons.

European shares closed higher, as firmer utility stocks and gains on the Lisbon bourse before weekend elections in Portugal propped up markets in spi(...)

Wal-Mart lowered its forecast for the year ending in January to a range of $4.40 to $4.70 from its outlook of $4.70 to $5.05 in February. The consensus was for $4.77 per share. Photograph: Saul Loeb/AFP/Getty Images

Wal-Mart Stores Inc reported weaker-than-expected quarterly earnings and lowered its annual forecast on Tuesday, citing higher costs from adding work(...)

Exxon Mobil:  will reduce its share buyback programme in the first quarter by more than half to $1bn. Photograph: Jason Reed/Reuters

Exxon Mobil’s quarterly profit fell 21 per cent as weak oil prices took a toll, but results topped Wall Street expectations due to tax benefits and a (...)

 Larry Ellison walks off stage after delivering his keynote address at the 2008 Oracle OpenWorld conference. Photograph: Justin Sullivan/Getty Images

Larry Ellison, co-founder and leader of Oracle for 37 years, stepped aside as chief executive officer late yesterday, to be replaced by co-chief execu(...)

Monsanto develops genetically engineered corn, soybeans and other crops and sells the Roundup herbicide.

Monsanto, the world’s largest seed company, reported better-than-expected first-quarter earnings as higher herbicide sales offset a decline in its cor(...)

FedEx earned $500 million, or $1.57 a share, in the second quarter ended November 30th, versus $438 million, or $1.39, in the same quarter last year. Photographer: Mannie Garcia

FedEx Corp raised its full-year earnings forecast yesterday but its quarterly results missed Wall Street estimates as revenue declined at express deli(...)

Chevron says net second-quarter income fell to $4.95 billion compared with $5.25 billion a year earlier, as  Chevron shares fell the most in a month yesterday.

Chevron, the second-largest US energy producer by market value, has reported profit that missed analysts’ estimates for a second straight quarter as s(...)

Exxon and other large oil companies struggling to boost production in recent years have spent heavily on new projects. In the first nine months of this year, Exxon alone spent $33 billion.

Exxon Mobil, the world’s largest publicly traded oil company, has reported higher-than-expected quarterly results as output rose for the first time in(...)