MIDEAST STOCKS - Factors to watch - Mar 26
DUBAI, March 26 Here are some factors that may affect Middle East stock markets on Sunday. Reuters has not verified the press reports and does not vouch for their accuracy.
Wal-Mart Stores Inc (WMT.N) said former Chief Executive Officer Lee Scott and board member Chris Williams will not stand for re-election to the retailer's board.
Scott will complete his service as director at the company's annual shareholders' meeting on June 6, "in line with Walmart`s historical practice for its prior CEOs' Board service," the company said in a statement on Wednesday.
Scott had joined Wal-Mart in 1979 and served as its chief executive officer from 2000 till 2009.
Williams, chief of The Williams Capital Group, is stepping down from the board after 10 years, in accordance with the company's corporate governance guidelines, Wal-Mart said.
Following the retirements, the company's board will consist of 14 directors.
(Reporting by Sampad Patnaik in Bangalore; Editing by Mohammad Zargham)
March 25 Uber Technologies Inc suspended its pilot program for driverless cars on Saturday after a vehicle equipped with the nascent technology crashed on an Arizona roadway, the ride-hailing company and local police said.