News, Wal-Mart plans $2B hunger relief push. (New York, banks, billion)

[JD59]

Retail giant is more than doubling its annual rate of giving.


NEW YORK - Wal-Mart Stores Inc. plans to significantly ramp up its donations to the nation's food banks to total $2 billion over the next five years, the retail giant said Wednesday.

The company is more than doubling its annual rate of giving as the number of Americans receiving food stamps has risen to one in eight, and food banks are straining to meet demand.

Wal-Mart plans $2 billion hunger relief push - Retail - msnbc.com