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Wal-Mart’s first-ever sales drop marks end of an era

Bloomberg Not every milestone is worth celebrating. For the first time ever — or at least since the company went public some 45 years ago — Walmart’s revenues shrank from the year before, according to its recently released annual financial filing. Walmart is clearly having trouble adapting its gigantic stores to the internet age. To be sure, it is a ...

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Amazon to buy stake in mapping company HERE

FRANKFURT / Reuters Amazon is in talks with a consortium of German carmakers about taking a stake in high-definition digital mapping company HERE, two auto industry sources familiar with the matter said. Last August, BMW, Audi and Mercedes agreed to pay 2.5 billion euros ($2.8 billion) to buy Nokia’s mapping business as part of plans to develop self-driving cars. Since ...

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Fragments from history

Beijing / AP Stuffed into a tiny room off an alleyway are items that Wang Jinming readily admits were put out with the garbage: Paper string, a needle holder, a metal pancake maker built for thrusting into a fire. “These objects all look quite old and shabby,” he said. “But they record real history.” Wang’s Beijing Old Items Exhibition in ...

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