Business

Business briefs

Buyback time

Walmart, the world’s largest retailer, yesterday approved a $15 billion stock repurchase plan, its first in two years. Walmart shares closed up nearly 1 percent at $76.33.

Losing ‘Trust’

Whittier Trust and its former fund manager Victor Dosti have agreed to pay $1.68 million to settle SEC civil regulatory charges they conducted insider trading in shares of three technology companies.

Busted chain

Orchard Supply Hardware Stores, the chain spun off by Eddie Lampert’s Sears Holdings 17 months ago, is reportedly considering filing for bankruptcy as soon as next week.

Pop for ‘Stop’

GameStop rose 6.2 percent to $36.75 as the world’s largest video-game retailer rose after Microsoft said Xbox One users may sell titles back to retailers or give them to friends provided they have approval.

IRS eyes ‘Iron’

Iron Mountain tumbled 16 percent to $28.95 yesterday as the US Internal Revenue Service is reportedly scrutinizing its eligibility to convert to a real estate investment trust.