Walmart Shares Fall on Bribery Probe

    Shoppers wheel their purchases out of a Wal-Mart store in Los Angeles, California, before dawn on Black Friday, November 27, 2009. The annual sales bonanza is held one day after the Thanksgiving holiday.   AFP PHOTO / Robyn Beck (Photo credit should read ROBYN BECK/AFP/Getty Images)

    Robyn Beck, AFP / Getty Images

    Walmart’s stock fell 4.7 percent in Monday trading after a weekend New York Times article uncovered an internal investigation into bribery at the retailer’s Mexican operations. The alleged bribes are reported to have been made as the company pursued rapid growth in what has become one of its largest foreign markets, and analysts say the allegations may hamper the retail giant’s plans for expansion. If the allegations against Walmart prove to be true, they could put the company in violation of U.S. law. Shares of Walmart de Mexico were down 6.56 pesos Monday.

    Read it at Reuters