Wal-Mart named No. 1 on Fortune 500 list

Newswire

NEW YORK, March 21 (Reuters) - Retailing giant Wal-Mart Stores Inc. , with net sales last year of $256.33 billion, was named No. 1 on the Fortune 500 list of America's largest companies for the third year in a row, the business magazine said on Sunday. Exxon Mobil Corp. moved to No. 2 from third place, and General Motors Corp. , slipped to No. 3 from the second spot in the closely watched annual rankings of the top U.S. companies by revenues. The Top 10 was rounded out by Ford Motor Co. ...

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