3 Consumer Stock Stories Ready for Savvy Weekend Investment Shopping
Safeway Inc. (NYSE:SWY): Closing price $33.33
On Friday, Safeway said that its board increased the authorized level of the firm’s stock buyback program by $2 billion. Through the end of the third quarter, Safeway had around $0.8 billion remaining under its previously authorized stock repurchase program. The grocer’s stock repurchase authorization has no expiration date, and the timing of repurchases will depend on market conditions.
Costco Wholesale Corp. (NASDAQ:COST): Closing price $117.62
Costco has extended a recall of rotisserie chicken products on Thursday from a South San Francisco store, attributed to an outbreak of salmonella that has sickened a minimum of 317 persons across the United States. The recall is aimed at 13,455 units of Kirkland Signature Foster Farms rotisserie chickens and 638 total units of Kirkland Farm rotisserie chicken soup, rotisserie chicken leg quarters, and rotisserie chicken salad bought between September 24 and October 15.
This latest recall is in addition to a the one announced Saturday targeting close to 40,000 pounds of rotisserie chicken products sold between September 11 and September 23 from the same store at 1600 El Camino Real.
General Motors Co. (NYSE:GM): Closing price $35.85
The struggling German auto maker Opel says that it hopes to boost sales in Russia’s booming automobile market. Parent company General Motors has elected to alter its sales division structures to help the effort along. General Motors said Friday that a modification in its in-house sales organization structures should support its European subsidiary Opel to improve the latter’s position in Russia. The automotive major decided that GM’s Russia business would in the future be organized and overseen from Rüsselsheim in Germany, which is Opel’s and GM’s European headquarters.