Give me a W! Wal-Mart cheers a good year


There's a lot of singing, dancing and cheering going on in Arkansas today.

Wal-Mart's hosting its annual shareholder meeting. The retailer kicked off the event early this morning in the Bud Walton Arena at the University of Arkansas.

With celebrities like Miley Cyrus, Michael Jordan, Paulina Rubio and host Ben Stiller, this is no stuffy meeting for number crunchers. There's even a house band providing a musical score, if you will, to which management will tout financial results and tell the world what it plans for the coming year. More stores, more jobs, more big name brands and more returns to investors.

The PR machine has been in high gear all week. Lets review:

The opening of Wal-Mart's first store in India last week. A club store that can only sell to commercial businesses in partnership with Bharti Enterprise, as dictated by local restrictions against foreign retailers. Yesterday, Wal-Mart told reporters it would be adding 22,000 jobs. That's less than last year but it's still growth. How many businesses can say that?