Wal-Mart 'off to solid start'

BENTONVILLE, ARKANSAS: Wal-Mart has reported a 10.2% year-on-year increase in sales for the first quarter of the year, up to $94.1bn (£48.3bn). Profit for the quarter was $3bn (£1.5bn), up 6.9% year-on-year. "We are off to a solid start with record first-quarter sales and earnings," said president and CEO Lee Scott.