*Wal-Mart gets another black eye in California

The issue is inaccurate pricing at checkout stands - the retail giant did not resolve the errors that were raised in 2008. Under an agreement with the state Attorney General's office, Wal-Mart will be fined $2.1 million. From CBS Los Angeles:

A 2005 investigation by county Departments of Weights and Measures across the state found that 164 Walmart stores in 30 counties were scanning items at a higher price than advertised on store shelves and signs. A 2008 judgment stipulated that consumers who were overcharged at the cash register should have immediately received $3 off the lowest advertised price of the item or, if the price was less than $3, for free. A November 2010 investigation by the Departments of Weights and Measures found continued errors in pricing at Walmart checkout stands in 11 counties. The $3 off program was originally scheduled to end in November 2012, but has now been extended to November 2013.

*Steve Restivo, Walmart's senior director of community affairs, responds:

"Walmart is committed to delivering everyday low prices on products our customers need for their home and family. We always strive for 100% pricing accuracy and will continue to make improvements to ensure we meet this goal. California families can trust Walmart to deliver on our mission to help them save money and live better."

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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
 
Mark Lacter, business writer and editor was 59
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