Consumer Biz Cheat Sheet: Whirlpool Challenges LG’s Patent Claims, Toyota Asks Suppliers to Cut Prices
Whirlpool (NYSE:WHR) has one a stay motion in a refrigerator patent infringement case brought by LG Electronics, successfully challenging the validity of LG’s patent claims based on the fact that the Patent Trademark Office has already rejected them on multiple grounds.
Toyota (NYSE:TM) is telling parts suppliers in Japan to cut prices or face being replaced by overseas rivals, as the high value of the yen against foreign currencies like the dollar is putting pressure the automaker to seek cheaper options to remain competitive in global markets.
Smith & Wesson (NASDAQ:SWHC) announced today that it plans to sell off its perimeter security business in order to focus on its core gun manufacturing business.
Revenue at PriceSmart’s (NASDAQ:PSMT) 29 warehouse clubs open for at least 13.5 months climbed 18.9% in September.
Dollar Tree (NASDAQ:DLTR) has approved a $1.5 billion share repurchasement program.
Wal-Mart (NYSE:WMT) has brought in consultants to help the company keep shelves stocked, as the retailer has issued severe cuts to its workforce. An estimated 90% of items in a typical basket of goods were unavailable for shoppers last summer.