Walmart Launches Women's Initiative

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FILE - Female Wal-Mart employees look on as a manager rewards an employee with a plaque, a common practice in the company on March 16, 2005

After defeating a potential discrimination suit brought by female employees that escalated to the Supreme Court, Walmart is offering a condolence prize: a multibillion-dollar women’s initiative. The new program will involve buying $20 billion worth of products from female-owned businesses; training women worldwide to work in factories and retail; asking corporate partners to promote more women; and donating $100 million to women’s nonprofit groups. The world’s largest retail employer, Walmart may still face lawsuits over gender-based pay discrimination in lower courts. The company’s stock price jumped five cents when the initiative was announced Wednesday.