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NEW YORK, May 6 (UPI) -- Retail chain Walmart retook its spot at the top of the Fortune 500 list of the largest U.S. companies, the magazine said Monday.
Fortune said Walmart, which had slipped to No. 2 behind Exxon Mobil, was able to "refocus on low prices" and attracted "frugal customers."
Revenue at Walmart reached $469.2 billion in 2012, topping Exxon Mobil, which came in at No. 2 with revenues of $449.9 billion
The top five included Chevron, Phillips 66 and investment firm Berkshire Hathaway.
Apple reached No. 6 while breaking into the Top 10 for the first time.
Also in the Top 10: General Motors Co., General Electric Co., Valero Energy Corp. and Ford Motor Co.
The magazine said Facebook had arrived, making it onto the list in 2012 with revenues of $5.1 billion, which put it at No. 482 on the list.
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WASHINGTON, May 9 (UPI) --
The U.S. government has an obligation to ensure that oil and natural gas deposits are developed responsibly, a natural resource advocate testified.
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CANBERRA, Australia, May 9 (UPI) --
Australia will hold defense spending at $100 billion over four years and remains committed to the purchase of the F-35 Joint Strike Fighter.
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Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous...
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Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda.
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