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The National Association of Convenience Stores, a trade group representing 3,700 such establishments, has hired Constantine Cannon, a veteran law firm, to take on credit card issuers such as Visa (NYSE:V) and Mastercard (NYSE:MA), as it feels the recent $7.25 billion settlement between merchants and the card industry failed to to address the fundamental issue of the control exercised by the industry.
According to Las Vegas Sands (NYSE:LVS), the local government has extended the deadline for completion of its “Parcel 3″ casino project by three years. The permission was crucial for the casino operator considering it had already invested about $96 million in the project.
Procter & Gamble (NYSE:PG) is reportedly assembling a team including an external PR firm and consultants to ward off the threat represented by activist investor Bill Ackman, and his likely demands for removal of executives or disposal of assets.
Talks of General Motors (NYSE:GM) dumping for good its troubled Opel brand have resurfaced after the company reassigned the Opel CEO last week; this, even after GM recently cleared a business plan and was moving forward to settle German labor disputes.
Investing Insights: Citigroup Earnings: Investors IGNORE Declines and APPLAUD Profitable Beat.
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