Walmart Names McKenna Head Of International Business

Walmart has named its chief operating officer for its domestic operations, Judith McKenna, to head the retail giant's international unit. McKenna's appointment marks a significant milestone for women executives at Walmart, with the international unit viewed as a “stepping stone” to the company's CEO job. Other announcements made by the retailer include plans to raise starting salary to $11 an hour and to close 63 Sam's Club stores.