BENTONVILLE, Ark. — Wal-Mart president Mike Duke said the giant retailer will cut 300 administrative jobs at its headquarters in Bentonville, Ark. The company has cut almost 14,000 jobs in the past 13 months. Wal-Mart has welcomed wealthier consumers trading down from higher-price stores during the recession but says its core customers have cut their spending between paychecks.
