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June 3, 2011

Wal-Mart Stores on Friday kicked off its annual shareholders meeting by announcing a $15 billion stock buyback that will replace a previous $15 billion repurchase plan begun a year ago.

New York City -- Wal-Mart Stores on Friday kicked off its annual shareholders meeting by announcing a $15 billion stock buyback that will replace a previous $15 billion repurchase plan begun a year ago.

The meeting, attended by approximately 15,000 people, including Wal-Mart employees from around the globe, was held at the Bud Walton Arena on the campus of the University of Arkansas in Fayetteville, Ark.