Current:Home > BackShares in Walmart’s Mexico subsidiary drop after company is investigated for monopolistic practices-LoTradeCoin
Shares in Walmart’s Mexico subsidiary drop after company is investigated for monopolistic practices
View Date:2024-12-24 00:16:15
MEXICO CITY (AP) — Shares in Walmart’s Mexico subsidiary dropped about 3.3% Monday after Walmart de Mexico announced it is under investigation for alleged monopolistic practices.
Analysts said it was not clear what regulators were alleging the company did.
But an analysis report from Intercam Banco said Mexico’s economic competition commission could be alleging price-fixing or other practices at Walmart, the country’s largest retailer.
The commission is Mexico’s anti-monopoly regulatory agency. Such investigations can take months.
The announcement was made late Friday, but in its first day of trading Monday after the investigation was revealed, Walmart de Mexico shares dropped 3.33%.
Walmart issued a statement saying it is confident that it has “always obeyed the applicable law in order to guarantee the best prices, quality and assortment to customers.”
veryGood! (58371)
Related
- The Masked Singer's Ice King Might Be a Jonas Brother
- Sister Wives' Janelle Brown Details Sex Life With Ex Kody Brown
- Longtime 'Fresh Air' contributor Dave Davies signs off (sort of)
- Vanderpump Rules’ Ariana Madix Shares Guest Star Jesse Montana Has Been Diagnosed With Brain Tumor
- Wisconsin authorities believe kayaker staged his disappearance and fled to Europe
- Julianna Margulies apologizes for statements about Black, LGBTQ+ solidarity with Palestinians
- Dinner ideas for picky eaters: Healthy meals for kids who don't love all foods.
- AP PHOTOS: 2023 was marked by coups and a Moroccan earthquake on the African continent
- NBPA reaches Kyle Singler’s family after cryptic Instagram video draws concern
- The high cost of subscription binges: How businesses get rich off you forgetting to cancel
Ranking
- Jana Kramer’s Ex Mike Caussin Shares Resentment Over Her Child Support Payments
- 'Tis the season for holiday cards. Tips on writing a heartfelt note, what else to know
- Longtime 'Fresh Air' contributor Dave Davies signs off (sort of)
- Vanderpump Rules’ Ariana Madix Shares Guest Star Jesse Montana Has Been Diagnosed With Brain Tumor
- Outgoing North Carolina governor grants 2 pardons, 6 commutations
- Italian city of Bologna braces for collapse of leaning Garisenda Tower
- Atmospheric rivers forecast for Pacific Northwest, with flood watches in place
- Sister Wives' Janelle Brown Details Sex Life With Ex Kody Brown
Recommendation
-
Lala Kent Swears by This Virgo-Approved Accessory and Shares Why Stassi Schroeder Inspires Her Fall Style
-
White House warns Congress the US is out of money, nearly out of time to avoid ‘kneecap’ to Ukraine
-
Alabama family's 'wolf-hybrid' pet killed 3-month-old boy, authorities say
-
Consider a charitable gift annuity this holiday. It's a gift that also pays you income.
-
Texas’ 90,000 DACA recipients can sign up for Affordable Care Act coverage — for now
-
70-year-old woman gives birth to twins in Uganda, doctor says
-
Shooting at home in Washington state kills 5 including the suspected shooter, report says
-
Why some investors avoid these 2 stocks