Wal-Mart to Invest $756M in Brazil

Wal-Mart said that by the end of the year it will have invested the equivalent of approximately $756 million to expand its operations in Brazil. Marcos Samaha, president of Wal-Mart's Brazilian subsidiary, said in a statement that 1.2 billion reals ($755 million) will be used to build 80 stores, renovate existing locations and improve logistics.