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Walmart's earnings continued to fall in the second quarter due to currency fluctuations and the retailer's investment in employee wages and training. Walmart reported profits of $3.48 billion, down 15.1% from a year ago. The company had sales of $120.2 billion. US stores boosted sales at stores open at least a year by 1.5%. (USA Today)
 
Home Depot earned $2.2 billion in the second quarter. Sales rose 4.3% to $24.8 billion. Sales at U.S. stores open at least year were up 5.7% from the same-period last year. The company raised its sales forecast for the year to 5.2% to 6% growth. (USA Today)
 
Dick's Sporting Goods reported second-profits of $90.8 million. The Pennsylvania-based company had sales of $1.82 billion in the period. Dick's shares have climbed 2% since the beginning of the year and 18% in the last 12 months. (AP)
 
With two Central Oregon locations Petco is filing an Initial Public Offering.   It would be a return to public markets after being purchased and taken private in the summer of 2006. (NY Times)
 
Oil is down 25 cents at $41.66 a barrel. A Venezuelan bond default is on the radar screen leading to fears that the oil-dependent country could become the first sovereign victim of plummeting oil prices. (CNBC)
 
 
 

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