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In other Walmart news this week…

• Wan Ling Martello, senior vice president and chief financial officer of Walmart, told the media conference in Bentonville, Arkansas, yesterday that the company is actively pursuing a global acquisition strategy, and that Russia is a likely candidate for the company to bring its low-price strategy.

• Walmart has announced plans to go into business with “Hannah Montana” star Miley Cyrus, creating a new line of budget friendly fashion items that will reflect the star’s teen-oriented pop persona.

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