Walmart to sell UK unit as it seeks growth in online sales

Walmart has agreed to sell its British unit, Asda, to local rival Sainsbury's in a 7.3 billion pound ($10.1 billion) deal as the U.S. giant focuses on online sales in countries with higher growth and less intense competition.

Walmart raises US worker pay following tax cut

Walmart announced Thursday it will raise the minimum wage for more than a million US workers to $11 an hour and pay bonuses, crediting the US tax reform approved in December for making the changes possible.

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