On Thursday, SAP AG (SAP) announced that Wal-Mart Stores Inc. (WMT) would enhance its financial information systems using SAP. Wal-Mart chose SAP ERP Financials for its ability to support the retailer's global expansion and its need to efficiently respond to changes in the business and regulatory landscape.Wal-Mart plans to implement SAP globally in phases, with the first phase expected to be completed in calendar year 2010. This solution will replace some legacy systems while integrating with other internal Wal-Mart systems.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.