Walmart's (WMT) U.K. division, Asda, is a bit of a disaster right now. In fact, compared to its parent-company, the discounter is a downright calamity. Last week, Asda was ranked the worst grocery store in the country, according to consumer advocacy magazine Which?. Its online offering didn't fare much better. The grocery chain was seen as having good values in food but with only average quality. Meanwhile, privately-held Waitrose was the best place to buy food in Britain because of its quality and easy-to-navigate stores. Shoppers dislike for Asda is translating into shrinking sales and market share. The division, which boosts more than 600 stores across the U.K., was Walmart's worst-performing
Warren Buffett's Berkshire Hathaway is out with its annual letter to shareholders. "Over the years, I’ve often been asked for investment advice, and in the process of answering I’ve learned a good deal about human behavior," Buffett said in the letter.
Hewlett Packard Enterprise Inc. stumbled yet again Thursday, and Chief Executive Meg Whitman has run out of excuses for her failure to get this crumbling ship afloat. HPE HPE, -6.89% has never found its footing since splitting with HP Inc. HPQ, +0.28% more than a year ago, with year-over-year revenue declines in four of the five quarters since the split, culminating in a 10% quarterly drop reported Thursday. During its time as a separate company, the only constant besides disappointing revenue growth has been the company’s incessant restructuring. HPE is in the process of two more financially driven spin-outs — computer services and software — that will likely lead to yet more restructuring