Consumer Business Roundup: Target Beats Competitors on Prices, New York Times Company Selling Regional Newspapers

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General Motors (NYSE:GM) restarts critical manufacturing of Chevrolet Cruzes after a “supplier issue” ground production to a halt at an Ohio plant. The Cruze was the best-selling car in the U.S. for a period of time over the summer until Toyota (NYSE:TM) and Honda (NYSE:HMC) ramped up production again after recovering from natural disasters in Japan.

BI-LO will acquire all the outstanding shares of Winn-Dixie (NASDAQ:WINN) for $9.50/share, a roughly 75% premium over Winn-Dixie’s closing price on Friday. The merged company will have approximately 690 stores and 63,000 employees. Winn-Dixie is still up nearly 75 points after BI-LO announced it is taking the grocery chain private.

Investing Insights: Will Retail Sales Explode Into Year’s End?

Las Vegas Sands (NYSE:LVS) announced that Hong Kong securities regulators decided not to take action against its Sands China unit and have cleared it of one of several regulatory issues the company was facing.

Abercrombie & Fitch (NYSE:ANF) was found to be charging 95% higher prices in Chinese Hollister stores by Piper analysts, who claim Abercrombie’s ability to charge premium prices in Asia will translate into “longer-term margin gains.”

Target (NYSE:TGT) was highlighted in a recent Goldman Sachs report that indicated it might be the poster child for an ongoing theme of retailers offering lower and lower prices in order to grab market share. The firm’s data tallies that Target holds an 18.7% pricing edge on toys over comparable products at rival Wal-Mart (NYSE:WMT), and an even bigger gap with Amazon (NYSE:AZN).

The New York Times Company (NYSE:NYT) confirms an earlier report that it is in “advanced” discussions to sell its regional newspapers. It has identified Halifax Media Group as the potential buyer of 16 publications across the U.S.

Deer Consumer (NASDAQ:DEER) is seeing heavy volatility for the third straight day after long-time DEER critic Alfred Little announced plans to issue a report on the company — further proof of how speculators have latched onto boutique research firms issuing bearish reports on Chinese companies.

Don’t Miss: Homebuilders More Confident in Housing Recovery as Perspective Buyer Traffic Improves.

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