Wal-Mart Turns To Brazil

Wal-Mart Stores Inc., fresh from gobbling up 51% of South African retailer Massmart, is on the acquisition hunt again, this time looking to buy Carrefour's Brazilian unit of 500 stores, according to the Wall Street Journal. The deal could be worth $6 billion to $8 billion and would double the number of Wal-Mart-owned stores in Brazil.