Financial News

Wal-Mart (NYSE:WMT) knows it has a digital problem. No company spends $3.3 billion to buy a money-losing start-up and then puts its boss in charge of its entire digital operation if things are going swimmingly. That, however, is exactly what Wal-Mart did when it bought Jet.com and placed its CEO, Marc Lore, in charge of Walmart.com. It was a bold, maybe even...