Strome Business Minute With Dr. Jeff Tanner

Welcome to a Strome Business Minute, presented by the Strome College of Business. The Fortune 500 list was just issued by Fortune magazine, and as you might expect, there have been some changes. Walmart still holds on to the top position for the eighth year in a row but Amazon jumped past ExxonMobil and Apple to claim the second spot. CVS Pharmacy moved into fifth because of its purchase of Aetna, the insurance company. Walmart’s profit doubled last year but the fastest growing company in profit was internet equipment maker Cisco Systems. Cigna doubled revenues last year, the most of any company on the list. Walmart may have the largest revenues but the largest in terms of shareholder value or market cap is Microsoft – Walmart is seventh on that list. The biggest money loser in the 500 last year? That was Uber, followed by Pacific Gas & Electric. To learn more, visit odu.edu/business. This Strome Business Minute is presented by the Strome College of Business at Old Dominion University.