4 Consumer Stock Stories To Close the Trading Week

Wal-Mart Stores (NYSE:WMT): Current price $74.83

The world’s largest retailer by revenue will close three superstores in China in April, which analysts said Wednesday is to deal with increasing labor costs and high rents there. Wal-mart has scheduled two store closings for April 8, in Shanghai and Wuxi, and one on April 20 in Shenzhen, South China’s Guangdong Province, according to Wal-Mart China in a statement e-mailed to the Global Times Wednesday.

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WMT

Panasonic Corporation (NYSE:PC): Current price $7.33

Company president Kazuhiro Tsuga says that Panasonic will exit unprofitable businesses but did not bail on the firm’s money-losing television operations, as had been widely anticipated. However, Tsuga did promised on Thursday to improve profitability during the next two years, while announcing a midterm business plan and strategy for the fiscal year that begins in April. Meanwhile, it was also announced that Chairman Fumio Ohtsubo will step down in June, ahead of schedule to take responsibility for the recent weak results.

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PC

Canadian Pacific Railway Limited (NYSE:CP): Current price $130.47

The railway reopened a rail line in western Minnesota on Thursday, one day after a mile-long train transporting crude oil from Alberta derailed in the area, spilling as much as 30,000 gallons of oil. Canadian Pacific spokesman Ed Greenberg emailed that ”The rail line was formally re-opened early Thursday morning, following full track repairs and mandatory inspections.”

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CP

Caesars Entertainment Corp. (NASDAQ:CZR): Current price $15.86

So as to generate support for their proposed $1 billion resort casino, Ceasars and its partner Suffolk Downs, have scheduled a number of open houses for residents of East Boston and Revere. The open houses will take place April 10, 11 and 13 at the East Boston racetrack, and were announced shortly after Wynn Resorts released its plans for Wynn Everett, a $1.5 billion resort it expects to build adjacent to the Mystic River in Massachusetts.

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CZR

Don’t Miss: Wal-Mart: Bribery Doesn’t Pay.