Wal-Mart Discounts New iPhones With Trade-Ins and 2 Other Dow Movers to Watch
Wal-Mart Stores Inc. (NYSE:WMT): Current price $74.18
According to CNET, consumers may now obtain new iPhones at a discount at Wal-Mart with an even better deal if they trade in their older models. The colossal retailer has launched an offer of $79 for the iPhone 5C, which is $20 dollars off standard retail and $189 for the iPhone 5S, which is $10 off. To take advantage of those prices requires a two-year plan from any carrier, said CNET. The phones go on sale September 20, but the 5C by itself will be available for preordering at Wal-Mart stores on Friday.
Verizon Communications Inc. (NYSE:VZ): Current price $47.26
On Thursday, Verizon said that it will sell a condominium interest to an affiliate of Magnum Real Estate Group, comprising of 22 floors and one of the five sub-basement levels of Verizon’s historic 140 West St. building in New York City. The company will retain around 60 percent of the building, floors two through 10, and four of the sub-basement levels, for necessary telecommunications switching equipment and administrative offices. Verizon has sold parts of its buildings at 1095 Avenue of the Americas and 375 Pearl Street while retaining an ownership interest in these properties.
Johnson & Johnson (NYSE:JNJ): Current price $89.29
J&J is recalling some 5,000 vials of its Risperdal Consta, which is a long-acting drug for patients suffering from schizophrenia, after testing discovered that the medicine was no longer sterile. Spokeswoman Robyn Reed Frenze for the company’s Janssen unit said that routine analysis indicated that one lot of the injected drug was contaminated with alternaria alternata, a common mold found in the environment — though there have not been any reports of complications among patients who received the medicine despite possible injection site reactions.