Walmart New York City

Wal-Mart Stores Inc. donated $4 million and pledged to raise an additional $1 million for New York City’s summer youth-employment program. The move comes as the retail giant is seeking to open its first store in the five boroughs. Mayor Michael Bloomberg, a billionaire philanthropist who has long championed Wal-mart’s right to enter the city market, said he doesn’t believe there’s any problem with the company linking its philanthropy with its business goals. “Wal-Mart’s a good corporate citizen. I don’t see how you do your company’s philanthropy without saying it’s connected to everything,” Mr. Bloomberg said. “Everything is always connected.”

Read more at The Wall Street Journal