business news in context, analysis with attitude

• The Wall Street Journal reports that is promoting today as its first-ever "Back to Class Cyber Monday" event, saying that the promotion will give "parents and students the opportunity to save up to 60 percent on nearly 300 of the most popular back-to-school items."

Savings are available, the retailer says, "while supplies last."

The story notes that "according to a National Retail Federation survey, families plan to spend less on back-to-school shopping this year."

Bloomberg reports that Massmart Holdings, the South African company that is 52 percent owned by Walmart, is engaged in discussions with a number of companies that would allow it to expand into Kenya. None of the companies said to be targeted by Massmart - including Naivas Supermarkets, Nakumatt Holdings, and Tuskys - have said that they are willing to be acquired.
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