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Nandita Bose

Jeff Mason is a White House Correspondent for Reuters and the 2016-2017 president of the White House Correspondents’ Association. He was the lead Reuters correspondent for President Barack Obama's 2012 campaign and interviewed the president at the White House in 2015. Jeff has been based in Washington since 2008, when he covered the historic race between Obama, Hillary Clinton and John McCain. Jeff started his career in Frankfurt, Germany, where he covered the airline industry before moving to Brussels, Belgium, where he covered the European Union. He is a Colorado native, proud graduate of Northwestern University and former Fulbright scholar.

Twitter handle: @jeffmason1

Jun 04 2018

Walmart sells majority of Brazil unit, takes $4.5 billion charge

NEW YORK/SAO PAULO Walmart Inc said on Monday that it has sold an 80 percent stake in its Brazilian operations to private equity firm Advent International, exiting an underperforming business in its third major international deal since April.

May 31 2018

Walmart launches order-by-text service to challenge Amazon Prime

BENTONVILLE, Ark. Walmart Inc is starting a new same-day delivery service where customers can place orders using a text message, another step in its effort to scale up its e-commerce offerings and compete with rival Amazon.com Inc .

May 25 2018

Half of Walmart's workforce are part-time workers: labor group

NEW YORK Part-time workers account for half of Walmart Inc's workforce, up from 20 percent in 2005, according to a labor group report on Friday that examined the company's increased shift away from more expensive full-time employees.

May 24 2018

Best Buy online growth slows, overshadowing strong earnings

NEW YORK Best Buy Co Inc , the No. 1 U.S. consumer electronics retailer, posted a deceleration in online sales during the first quarter and did not update its full-year financial outlook, sending its shares sliding in early trade. | Video

May 23 2018

Target's profit miss overshadows sales growth, shares tumble

NEW YORK Target Corp's first-quarter profit came in below analyst estimates as price cuts, higher wages and investments in its online business ate into margins, sending shares down 5 percent in afternoon trade on Wednesday.

May 17 2018

Walmart's first quarter margins under pressure, e-commerce rebounds

NEW YORK Walmart Inc on Thursday said profit margins during the first quarter remained under pressure due to price cuts and higher freight costs, weighing on its shares even as sales and earnings came in stronger than expected. | Video

May 15 2018

Home Depot posts rare sales miss as delayed spring hits demand

Home Depot Inc on Tuesday missed Wall Street forecasts for sales at established stores as an unusually long winter hit sales of springtime gardening products, but the retailer said it expects to recoup a majority of those lost sales. | Video

May 09 2018

Walmart to pay $16 billion for control of India's Flipkart, shares slide

NEW YORK/MUMBAI Walmart Inc said on Wednesday it will pay $16 billion for a roughly 77 percent stake in Indian e-commerce firm Flipkart, the U.S. retailer's largest-ever deal as it competes with Amazon.com Inc in an important growth market. | Video

May 08 2018

Exclusive: Walmart's grocery delivery partnerships with Uber, Lyft fail to take off

Walmart Inc's online grocery delivery partnerships with ride-hailing services Uber and Lyft have ended, according to two sources, a potential setback for the retailer's ambitions to challenge Amazon.com Inc head-on with speedy delivery of groceries to people's homes. | Video

Apr 30 2018

Walmart attempts international turnaround with UK, India tie-ups

NEW YORK Walmart Inc's urgency to stem market share losses to rivals around the world is driving it to partner with local players in the UK and India, even as it scales back in some other markets like Brazil. The world's largest retailer is in talks to merge its UK arm ASDA with J Sainsbury Plc in which it will hold a minority stake. Walmart is also looking to acquire a majority stake in India's leading online retailer Flipkart for $10 billion to $12 billion after years of underperformance there.

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