Consumer Biz Cheat Sheet: Wal-Mart Wins, Ford Workers Issue Rejection
According to a Bloomberg report, Wal-Mart’s (NYSE:WMT) pricing on popular toys beats that of its competitors. For a group of 15 toys, Wal-Mart’s prices were found to be 9% lower than Target’s (NYSE:TGT), 13% lower than Kmart’s (NASDAQ:SHLD), and to consistently undercut Amazon’s (NASDAQ:AMZN) prices.
Hot Feature: Apple Preps for iPhone 4S Revolution.
A third factory has rejected Ford’s (NYSE:F) tentative agreement with the United Auto Workers union. Local 892, which represents workers at an interior-parts plan in Saline, Michigan, has voted against the 4-year labor deal after two local unions shot down the contract earlier this week, citing its lack of a real wage increase to fight inflation and the fact that it would allow Ford to continue its liberal use of contract workers as their reasons for objecting.
American Airlines (NYSE:AMR) may be close to reaching a labor deal with its pilots union, settling a five-year dispute over compensation that has impeded improving the company’s cost structure. The Allied Pilots Association says its board will meet Saturday in preparation for a tentative deal.
Moody’s announced late yesterday that it was putting Liz Claiborne’s (NYSE:LIZ) debt on review for a possible upgrade. The company’s stock is up over 45% this week after it disclosed the sale of its namesake brand to J.C. Penney (NYSE:JCP).