Consumer Biz Recap: Airlines Catch a Break, Best Buy’s China Strategy
A fortunate combination of decreasing costs of aviation fuel, rising revenue per seat mile, and the impending summer travel season, is prompting carriers Delta Air Lines (NYSE:DAL) and US Airways (NYSE:LCC) to respond, says data compiled by an industry-watching group. This could explain in part why Delta is reducing capacity to levels that affect margins positively.
Investing Insights: Will Ford Leave General Motors and Nissan in Its Dust?
Would you like some Mondelez Fig Newtons? That is the new name (Mondelez) on which Kraft (NYSE:KFT) shareholders will vote Wednesday for the company’s worldwide snack business, even after the proposed name has already been the subject of several jokes since its unveiling in March. Kraft hopes that the new name will better represent its market as it launches Oreos, Fig Newtons, and Cadbury products in new regions.
Troubled Best Buy (NYSE:BBY) could have a winner in its plan to expand the store-within-a-store model in China that will avoid the untenable overhead costs that are embedded in its U.S. operations. Also planned is a drive to present its technology services to small businesses, already made stronger by the acquisition of mindSHIFT in 2011.
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