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Reuters ahead on Wal-Mart's price-slashing plans; stock falls 10.21.2009 Reuters was 8 minutes ahead of Bloomberg on Oct. 21 in alerting the market to Wal-Marts aggressive plans to slash prices every week this Christmas season. The announcement was made during the retailer’s analyst meeting and came just days after it ignited a book price cutting war with Amazon.com. Dow Jones did not report the news until Wal-Mart put out its own press release, 25 minutes later. Wal-Marts shares fell 2 percent as investors fretted the price cuts would hurt margins. Shares of retail competitors including Amazon, Dollar Tree and Safeway also fell as the price cuts could mean they would try to match Wal-Mart`s low prices. MARKET IMPACT Wal-Mart`s shares fell 2 percent Reuters Firsts will need at least flash player 9 to give you the full experience. The latest Flash player can be downloaded here	firsts across any industry Commodities & Energy Energy, metals, agricultural and environmental markets FX & Money Markets Macroeconomics, monetary policy, FX and money markets Politics & Risk Politics and political risk Equity & Derivatives Companies, sectors, M&A and the financial industry Fixed Income Sovereign and corporate debt, credit, and ratings firsts by region Americas View stories from this region Europe / Middle East / Africa View stories from this region Asia View stories from this region Emerging Markets View stories from this region

Equity & Derivatives

Companies, sectors, M&A and the financial industry

Reuters ahead on Wal-Mart's price-slashing plans; stock falls

10.21.2009

Reuters was 8 minutes ahead of Bloomberg on Oct. 21 in alerting the market to Wal-Marts aggressive plans to slash prices every week this Christmas season. The announcement was made during the retailer’s analyst meeting and came just days after it ignited a book price cutting war with Amazon.com. Dow Jones did not report the news until Wal-Mart put out its own press release, 25 minutes later. Wal-Marts shares fell 2 percent as investors fretted the price cuts would hurt margins. Shares of retail competitors including Amazon, Dollar Tree and Safeway also fell as the price cuts could mean they would try to match Wal-Mart`s low prices.