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Li & Fung Unit Serving Wal-Mart to Be Profitable in 2012

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Linked by Bloomberg ( track newsfeed | ignore newsfeed ) - September 23, 09:26PM from (www.bloomberg.com)

By Stephanie Wong and Frank Longid - 2012-09-24T01:10:21Z


Li & Fung Ltd. (494)’s unit supplying Wal-Mart Stores Inc. (WMT) will be profitable this year after the world’s largest retailer ended an option to buy the subsidiary, which led the Hong Kong company’s shares to fall last week.
Wal-...


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