WalMart Stores Inc. remains on top even as it resisted keeping its U.S. customers coming in the door. The world’s largest retailer held onto the top spot for the second year in a row thanks to gains at its international stores. The business U.S. division has had seven straight sectors of declines in profits at stores open at least a year compared with the same periods the year before.
According to the release of a list, it was filled with examples of how rising fuel prices are distressing the financial system. Report suggests that America’s top businesses profited by improving productivity and cutting jobs. Like WalMart, they also relied on growing procedures overseas. The plan helped them increase earnings 81 percent to $318 billion. That’s the third-largest combined profit gain.
The top 10 businesses also included General Electric Co., Berkshire Hathaway Inc., General Motors Co., Bank of America Corp. and Ford Motor Corp. The big businesses improve their working capital with massive cash flow and increase in revenue through small business loans .