Wal-Mart Starts Holiday Product Discounting Early and 2 Other Dow Movers to Watch
Wal-Mart Stores Inc. (NYSE:WMT): Current price $76.97
Did the holiday shopping season begin already? On Friday, Wal-Mart started discounting throughout its stores in an attempt to lure holiday shoppers, much earlier than the typical Thanksgiving sales at the end of November. The retailer will offer discounts across categories all the way from electronics to apparel — one example is an 8-inch Nextbook tablet, which will go for $99 in its stores; buying the device somewhere else will run upwards of $139.
Exxon Mobil Corp. (NYSE:XOM): Current price $88.97
United States District Judge Brian Miller in Little Rock, Arkansas, has turned aside two motions by Exxon Mobil in a lawsuit filed subsequent to the oil spill from a ruptured pipeline in the town of Mayflower. Miller denied Exxon Mobil’s request to dismiss the lawsuit and certain class-action claims; the company had contended that some members of the class have no standing in the case. Miller’s rulings say that the matters are not “plain enough from the pleadings” to strike the class allegations.
Microsoft Corp. (NASDAQ:MSFT): Current price $35.49