Wal-Mart de Mexico Might Divest Its Restaurants and 2 Other Dow Movers to Watch
Wal-Mart Stores (NYSE:WMT): Current price $74.84
On Friday, Mexico’s number-one retailer Wal-Mart de Mexico surprised analysts when it revealed that it might divest its restaurant division, including the popular Vips chain, following receiving some interest from potential buyers. Controlled by Wal-Mart Stores, Walmex has posted weak same-store sales of late, but analysts say that it is not in need of cash. Walmex spokesman Antonio Ocaranza explained to a local radio station that “part of the reason is that there have been third parties in the past who have expressed interest (in the restaurants). As a responsible company, we should respond to what may be of interest to our shareholders.”
AT&T (NYSE:T): Current price $35.97
Starting next Friday, AT&T GoPhone customers will be able to take advantage of a prepaid wireless plan on the United States’ fastest 4-gigabyte LTE network. The telecom is adding to its lineup of GoPhone devices with the debut of the 4-gigabyte LTE-capable Samsung Galaxy Express. New and current AT&T GoPhone customers can bring their own 4G or 4G LTE smartphone, or select a GoPhone device with which to connect to AT&T’s network.
UnitedHealth Group (NYSE:UNH): Current price $63.82
UnitedHeath Group, together with its benefits and services units, UnitedHealthcare and Optum, are taking immediate action to assist persons residing in the Colorado Springs area who are affected by the wildfires. This includes helping health plan participants who might need to make alternate arrangements so as to ensure continuity of care; an emotional support line; and backing the American Red Cross Disaster Relief Fund, which is currently aiding residents of the impacted communities.