Wal-Mart's Profits Up, Portugal Gets Bailout

Copyright 2018 NPR. To see more, visit http://www.npr.org/.

RENEE MONTAGNE, host:

NPR's business news starts with Wal-Mart's latest earnings.

(Soundbite of music)

MONTAGNE: The country's biggest retailer said its profits, in the most recent quarter, rose about three percent over this time last year, to three and a half billion dollars. But, many investors are focusing on Wal-Mart's sales at its U.S. stores. For the eighth straight quarter, sales at U.S. stores fell - this time, just over one percent.

In Europe, officials have renewed efforts to resolve their financial problems. They just approved a bailout package for Portugal, worth about $110 billion. But, the E.U. officials are still struggling with what to do about Greece and whether to give that country more money on top of the $155 billion bailout approved last year. Transcript provided by NPR, Copyright NPR.