Wal-Mart Stores Inc., one of two Dow Jones Industrial Average shares that rose in 2008, trades at the cheapest level in at least 20 years while offering a record dividend, data compiled by Bloomberg show. David Einhorns Greenlight Capital Inc. bought a stake in Vodafone Group Plc, the worlds biggest mobile-phone company, after its annual payout rose to twice the average of Europes Dow Jones Stoxx 600 Index last quarter.
Money managers around the world are buying equities with the highest payouts and fewest links to the - - - - >

Revenue per handset user in major markets such as Germany is falling, and carriers fees are being cut by new European Union rules limiting their charges. Deutsche Telekom and France Telecom entered exclusive talks to combine their T-Mobile UK and Orange services to create the U.K.s biggest cellular operator, saving more than 4 billion euros ($5.8 billion) in costs.
“If your business is not the No. 1 or 2 in an established market, you really should consider exiting the market or team up with another niche player - - - - >