4 Consumer Stock Stories for Midweek Amusement

LinkedIn (NYSE:LNKD): Closing price $177.28

LinkedIn is still the number-one social media site for business executives, says a recent survey conducted by DHR International and Modern Survey, according to Forbes. While LinkedIn hangs on to this top billing, executives indicated that Twitter (by 27 percent) and Facebook (by 44 percent) were sites that they often use. These responders defined social media brands mostly as Facebook, LinkedIn and Twitter, each having awareness on more than 80 percent.

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LNKD

Wal-Mart Stores (NYSE:WMT): Closing price $77.37

On Wednesday, a government-named probe panel inquiring into Walmart’s lobbying with United States lawmakers for its move into India, sought fresh details from the giant worldwide retailer for the investigation which should be completed by June. Former Chief Justice of Punjab and Haryana High Court Mukul Mudgal are chairing the panel, which conducted its fourth meeting today, and was attended by Walmart representatives and senior officials from the Corporate Affairs Ministry and the Department of Industrial Policy and Promotion, among others.

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WMT

Home Depot (NYSE:HD): Closing price $71.66

Home Depot is voluntarily recalling roughly 11,300 riser cables that fail to meet meet fire-resistance standards, reported the Consumer Product Safety Commission, says Fox Business. The agency said that the recall involves CE Tech riser cable sold in boxes of 1,000-foot lengths, to be utilized as data cable run between floors of buildings. The Commission said that this type of cable must self-extinguish in a fire. The riser cables were manufactured in China and sold exclusively at Home Depot stores between January and February for around $100. Consumers are advised to remove the recalled cables and return them to Home Depot for full refunds.

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HD

Saks Incorporated (NYSE:SKS): Closing price $11.92

On Monday, Myron E. Ullman, III, resigned from the board of Saks, and also the Audit and Corporate Governance Committees of the Board. Ullman was recently reappointed chief executive of discount-retailer J.C. Penney & Co. (NYSE:JCP).

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SKS

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