Fortune 500: Wal-Mart Number One (Again)

Fortune has released its annual Fortune 500 list today, and for the second year in a row, the Wal-Mart empire tops the list, earning profits of over $16 billion last year. So yes, people really do like shopping for tubs of vaseline, tires, frozen pizzas, band-aids and beer all in one place.

As for locally, New York is the most represented city on the list, with 45 companies. The highest city-based company on the list is JP Morgan Chase, at number 13. News Corp. is the highest ranking New York media company, coming in at 83rd place.

Check out the full list here.