Total revenue was $130.4 billion, an increase of $2.3 billion, or 1.8%. Excluding currency2, total revenue was $131.7 billion, an increase of $3.7 billion, or 2.9%. Walmart U.S. comp sales increased on a two-year stacked basis by 7.3%, which is the strongest growth in more than 10 years. Segment operating income increased 4%, marking the fifth consecutive quarter of growth. Walmart U.S. eCommerce sales growth of 37% includes strong growth in online grocery. Sam's Club comp sales1 increased 1.2%, and eCommerce sales grew 35%. Reduced tobacco sales negatively affected comp sales by 300 basis points.
Broadband providers in California will be prohibited from blocking or throttling traffic, charging higher fees for fast-lane service, and from exempting their own video streams from consumers’ data caps, if a bill passed late last week is signed by Governor Jerry Brown.
The law, SB 822, which restores the Obama-era open internet rules, passed 27-12 in the California Senate and 61-18 in the Assembly. State Senator Scott Wiener (D-San Francisco), who sponsored the bill, calls it “the strongest net neutrality protections in the country.”
Advocacy group Fight for the Future called the bill’s passage “a major victory for Internet activists who harnessed massive public outcry to pass the bill and a resounding defeat for big telecom companies like AT&T and Comcast.”
The organization also predicted that other states will follow California’s lead if the bill is signed.
Industry group USTelecom — which has vowed to sue states that pass their own net neutrality laws — is urging Brown to veto the measure. “The internet must be governed by a single, uniform and consistent national policy framework, not state-by-state piecemeal approaches,” the organization stated.
more at source: https://www.mediapost.com/publications/article/324590/california-passes-sweeping-net-neutrality-rules.html