Wal-Mart to Cut Hundreds of Jobs at Headquarters

Wal-Mart Stores Inc. is planning to lay off hundreds of people at its headquarters in Arkansas as part of the retail giant's efforts to pare costs, people familiar with the matter said. Fewer than 500 employees are expected to lose their jobs and an announcement could be made as early as this Friday, according to one of the sources, who declined to be named because the move had not been made public.