3 Consumer Stock Stories for Weekend Investment Shopping

Toyota Motor Corp. (NYSE:TM): Closing price $130.43

U.S. District Judge James Selna is expected to officially okay a $1.6-billion resolution in the class-action lawsuit brought against Toyota, regarding sudden-acceleration problems in some of the auto maker’s vehicles. Selna is expected to approve his tentative ruling, which found the proposed agreement to be “fair, adequate and reasonable.” Steve W. Berman, a lead attorney for the plaintiffs, says the settlement is thought to be the biggest of its kind in terms of value, and also the number of customers impacted. The lawsuit claims that Toyota owners lost money on the resale of their vehicles, due to bad publicity about the acceleration problems.

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TM

Time Warner Cable Inc. (NYSE:TWC): Closing price $116.59

Time Warner is having second thoughts about renewing an arrangement carrying CBS Corp.’s broadcast network on its pay-TV system, as the latter is asking for too much compensation. CBS is asking for prices 600 percent above those that other affiliates get for the same content, said Time Warner Cable on Thursday. Consequently, CBS is running TV ads in Los Angeles, New York, and Dallas warning customers that they could lose shows like Under the Dome and The Big Bang Theory next week, should a renewal not be reached, according to The New York Times.

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TWC

Saks Incorp. (NYSE:SKS): Closing price $15.89

The New York real-estate giant Barry Sternlicht has offered a bid for the department store chain, according to The New York Post. The magnitude of the offer was not available, but one source said that Sternlicht has offered between $17 and $18 per share, similar to an offer from Hudson’s Bay, the owner of Lord & Taylor, which is equal to approximately $2.5 billion. However, a second source warned that the amount could be the final price the bidders would pay to close a purchase.

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SKS

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