Apple to Sell in China and 3 Morning Hot Stocks to Notice Now
Apple (NASDAQ:AAPL) makes its latest products available in China. The Wi-Fi versions of iPad mini and the fourth generation iPad with retina display will go on sale on December 7 while the iPhone 5 will be available beginning December 14. The devices can be purchased through the Apple Online Store, Apple Authorized Resellers and by reservation from Apple retail stores.
Light bulb manufacturer Osram, currently a unit of Siemens (NYSE:SI) which is likely to be spun off by the spring, has announced it will cut another 4700 jobs and maybe sell some factories as it seeks to restore profitability and move into the faster growing LED lighting segment. The job cuts will take effect by 2014 and help towards its target of saving €1 billion in costs over three years.
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Grocery chain Supervalu (NYSE:SVU) announced that its review of strategic alternatives is proceeding and that it “continues to be in active discussion with several parties.” Yesterday, company spokesman Mike Siemienas told Bloomberg basically the same thing, but refused to comment on reports that private equity firm Cerberus may not be in a position to acquire Supervalu due to funding problems.
Reuters reports that Saputo Inc, a Canadian dairy products manufacturer, and US-based Michael Foods are the leading candidates in the auction for the sale of Dean Foods‘ (NYSE:DF) Morningstar dairy business. The deal could value between $1 billion to $1.5 billion and be announced within the next few weeks.
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