Consumer Biz Recap: Wal-Mart’s Big Investigation, Hasbro’s Cinematic Bet
Wal-Mart (NYSE:WMT) is conducting an internal inquiry as to whether it violated the U.S. Foreign Corrupt Practices Act, according to an 8-K filed with the Securities and Exchange Commission. The fact that the case is also being investigated by the U.S. Justice Department and official in Mexico is not unexpected, but the company itself says not to expect a ‘material effect on its business due to the affair’.
The film Battleship, debuts in cinemas in the U.S. this coming weekend, and Hasbro (NYSE:HAS) hopes to benefit tremendously, as the movie is said to have been inspired – sorta – by the company’s 45-year old classic board game. Director Peter Berg, meanwhile, says that “Two enemies trying to locate and kill each other violently is, good god, a movie.”.
Comcast (NASDAQ:CMCSA) says that it intends to boost its monthly data capacity to 300 gigabytes, up from 250, and also to bear down on its customers who attempt to abuse the newly announced limit. According to Comcast’s corporate blog, ‘data hogs’ will be charged approximately $10 for each 50 gigabytes they use past the limit.
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Investing Insights: Comcast Gives Customers Something to Smile About.