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Alice Walton

Alice Walton cutting ties with cutting horse stock

FORT WORTH, Texas Wal-Mart billionaire heiress Alice Walton is selling off her prizewinning herd of cutting horses at her Rocking W Ranch near Millsap, saying it's time to pull back and focus on other things. Walton, 65, the daughter of late Wal-Mart founder Sam Walton, will conduct the sale Sept. 21 and 22. She will also sell all the ranch equipment, according to the ranch's website. In the last 16 years, Walton has owned six championship horses. "It's called realigning my priorities," Walton is quoted as saying on the website for Western Bloodstock Ltd., which will conduct the sale. "I have loved this business and this way of life. ... But it is time for...