date:Apr 24, 2014
nging and time-consuming to comply with.
Over time you develop expertise in all those things, Lazzarini said. Wal-Mart hasnt.
Profit Bite
Wal-Mart said in February that unexpected challenges in Brazil took a bite out of fourth-quarter profit. A probe by Brazilian tax authorities resulted in assessments that reduced earnings by 6 cents a share. Cost-cutting efforts led to a significant increase in employment claims, which subtracted another 5 cents from earnings. Wal-Mart, which posted net inc