4 Consumer Stock Stories for Investor Perusal
Lowe’s Companies (NYSE:LOW): Current price $38.53
The home-improvement retailer plans to hire some 45,000 seasonal workers and add 9,000 part-time employees on a permanent basis prior to its busy spring season, which implies that the budding housing recovery is creating jobs. Retailers such as Lowe’s were impacted by the prolonged housing slump as homeowners held back on large-cost renovations. However, many economists believe that the housing market is recovering and that the gains might continue in 2013.
Sirius XM Radio (NASDAQ:SIRI): Current price $3.09
Subsequent to the takeover of Sirius by Liberty Media, three Sirius directors have stepped down from its board. The resigned board members included Leon Black, Lawrence Gilberti and Jack Shaw, who were then replaced by Mark Carleton, Robin Pringle and Charles Tanabe.
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Whirlpool Corporation (NYSE:WHR): Current price $109.80
In a press release, LG Electronics USA said that it disputes Wednesday’s injury findings by the United States International Trade Commission in a washing machine antidumping inquiry in which commissioners decided that domestic industry, especially Whirlpool, is “materially injured” by washer imports from Korea. President and Chief Executive Wayne Park of LG Electronics commented that “LG respects the work the ITC Staff and Commissioners have put into this determination, but we disagree with the result, which will harm U.S. retailers and consumers by artificially raising prices on some of the country’s most popular washing machines.
CBS Corporation (NYSE:CBS): Current price $41.97
CBS has brought an amended lawsuit against the number-two domestic satellite TV company DISH Network Corporation, accusing it of concealing material facts in regards to its ad-skipping tech during contract negotiations in 2011. The dispute erupted in 2012 between DISH and prominent United States broadcast networks regarding Dish’s Hopper DVR which permits viewers to skip over commercials entirely as they watch recorded shows. An amended lawsuit was filed in a New York court on Tuesday, in which CBS contended that DISH “deliberately failed” to disclose during the negotiation of a retransmission accord that it had developed the “autohop” feature.