Wal-Mart Stores Inc. (NYSE: WMT) will open its first in-store medical clinics under its own brand name, The Clinic at Wal-Mart, as a joint venture with local hospital systems in Atlanta, Dallas and Little Rock, Ark., starting in April. Unilever (NYSE: UL) on Thursday reported a 65% drop in fourth-quarter net income to 721 million euros after selling its European frozen-food business. However, comparable sales growth showed a nice rise. Revenue at Unilever rose 2% to 9.89 billion euros and underlying sales growth was 6.1% during the quarter, with pricing contributing three percentage points to the underlying sales growth. Analysts had expected a profit of 693.5 million euros on sales of 9.95 billion euros.
D.R. Horton (NYSE: DHI) swung to a fiscal first-quarter loss of $128.8 million, or 41 cents a share, with revenue falling to $1.71 billion from $2.8 billion. The quarterly results included $245.5 million in charges. Shares are up nearly 1% in premarket trading.
TechCrunch is reporting this morning an unconfirmed rumor that either Google (NASDAQ: GOOG) or News Corp. (NYSE: NWS)'s MySpace is about to announce a big $1-1.5 billion acquisition in the social space. TechCrunch has come to a conclusion that the most likely candidate is Bebo. Again - unconfirmed rumor and Bebo is the speculation of the guys at TechCrunch.
Macy's Inc. (NYSE: M) shares are down over 1.8% in premarket trading after it announced it would be combining three regional divisions and cutting about 2,300 management jobs.
FORTUNE takes a look at how Apple Inc. (NASDAQ: AAPL) prices its products and memories. Interesting.
General Motors Corp (NYSE: GM) is planning for half its cars in the United States to be running on ethanol by 2012.
McDonald's Japan, nearly half owned by McDonald's Corp. (NYSE: MCD) posted a five-fold increase in annual net profit on Thursday and predicted further growth as it opens new stores and refreshes its menu. It forecast net profit would rise 28% in 2008 as it plans to open 130 new stores.