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BUSINESS BRIEFS.(TO THE POINT)

Investor's Business Daily

| April 02, 2002 | COPYRIGHT 2002 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

RETAIL

Wal-Mart heads Fortune 500 list

The discounter is now the biggest firm in the world, topping the annual list with nearly $220 bil in sales. Wal-Mart, No. 2 a year ago, overtook oil giant Exxon Mobil. Collapsed energy trader Enron rose two spots to No. 5 because Fortune magazine used restated earnings from Jan. 1 to Sept. 30.

LEISURE

Cendant buys Trendwest Resorts

The real estate and hotel franchiser will pay about $927 mil in stock and add 150,000 time-share owners to its network. Cendant bought Fairfield Communities a year ago and recently bought smaller time-share firm Equivest Finance. Cendant will pay 1.297-1.486 shares per ...

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