Shares of Wal-Mart Stores Inc. fell in early trading today as investors worried over the fallout of the company's bribery investigation.
The decline puts Wal-Mart on track to see its worst day in the market since January 2009, when the market was reeling from the financial crisis and recession.
Wal-Mart revealed in December that it was looking into its compliance with anti-bribery laws. But the issue took center stage when a New York Times report on Sunday claimed the company covered up evidence that Wal-Mart executives in Mexico paid bribes to obtain building permits in 2005. The retailer denied the claims, but said it doesn't have a "full explanation of what happened."
I ask the question, would they have revealed this if the information wasn't brought to light?
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