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Wal-Mart is touting the fact that 500 new green jobs will be created.
FORBES: Wal-Mart Taps SolarCity, Miasole and FirstSolar For Power On 20 Stores
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Corporate governance scandals are still commonplace, Green Mountain Coffee, Chesapeake Energy, Wal-Mart, and Groupon being among the latest examples.
FORBES: Sarbanes-Oxley 10 Years Later: Boards Are Still the Problem
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Green Dot shares lost nearly 20% this morning after Wal-Mart and American Express said it would roll out a competing product.
FORBES: Red Light For Green Dot Investors On Wal-Mart, Amex Threat
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Green Dot, the provider of prepaid debit cards sold by Wal-Mart Stores, pharmacies and other retailers, is aiming to take on big banks with a new checking account that consumers can open and manage through a smartphone application.
FORBES: Banks Bury Fees in the Fine Print
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This creates a problematic situation for Green Dot, which derives more than 60% of its revenue from a prepaid card offered at Wal-Mart stores.
FORBES: Red Light For Green Dot Investors On Wal-Mart, Amex Threat