Wal-Mart Fights OUR Walmart, Best Buy Ponders Schulze Bid: Consumer Business Recap
The nation’s biggest retailer and private employer, Wal-Mart Stores (NYSE:WMT), is determined to avoid a group of demonstrations on Black Friday this week and filed a complaint with the National Labor Relations Board, its first such move in at least ten years. The company is attempting to prevent the group known as OUR Walmart from holding what could be the largest protest of this sort against the retailer at hundreds of stores.
The board of Best Buy Co. (NYSE:BBY) is now said to be open to a bid of about $20 per share from its founder Richard Schulze, who back in August offered between $24 and $26 for the chain. Inside sources to the New York Post now say that the official stance of the board has shifted, although neither company representatives nor Schulze would comment.
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The Center for Science in the Public Interest is objecting to a new line of Cracker Jack which will contain coffee, according to USA Today, which says that the new Frito-Lay product, dubbed Cracker Jack’d, will be labeled as containing coffee and caffeine but will be marketed to adults. The maker of the new version of the classic snack is a subsidiary of PepsiCo (NYSE:PEP).
Nintendo Co. (NTDOY.PK) is running into a few complaints following the launch of its Wii U. Shortly after the intro, a number of the device’s new owners were quite unhappy in regards to a system update that prevented them from playing for an hour or more along with sporadic system outages and expected features that were delayed at the last minute.
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