Wal-Mart tops the Fortune 500
The retailer once again claims the crown as the largest company in America, ranked by revenue.
The retailer tops the new Fortune 500 list, which was released Monday and can be found here. That Wal-Mart made it to the top is hardly surprising. The list has been dominated since 1955 by just three companies: Wal-Mart, General Motors (GM) and Exxon Mobil (XOM).
Wal-Mart has been at the top seven times in the past decade, and nine times overall, but lost the title last year to Exxon Mobil. GM has dropped down on the list -- coming in at No. 7 this year -- but Exxon Mobil holds on to second place.
Fortune says the theme for this year is that "the animal spirits are back," referring to a renewed sense of aggressive behavior with more corporate spinoffs and mergers.
The companies on this year's list aren't quite as profitable as they were in 2011, a record-breaking year. But profits came in just $4 billion short from 2011 to a combined $820 billion. Total revenue rose to $12.06 trillion from $11.75 trillion last year.
Here's the full top 10 list for the Fortune 500:
2. Exxon Mobil
3. Chevron (CVX)
4. Phillips 66 (PSX)
5. Berkshire Hathaway (BRK.A)
6. Apple (AAPL)
7. General Motors
8. General Electric (GE)
9. Valero Energy (VLO)
10. Ford Motor (F)
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[BRIEFING.COM] The stock market finished an upbeat week on a mixed note. The S&P 500 added just over a point, holding its weekly gain at 1.0% while the Nasdaq lost 0.4%.
The major averages began the day on an upbeat note, but relinquished their opening gains during the first 90 minutes of action. The early sentiment was boosted by a better-than-expected nonfarm payrolls report for February (175K versus Briefing.com consensus 163K), but a closer look into the report suggested that ... More
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The solid report comes a month after the retailer closed all of its Canadian operations.
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