Target pushes to combat sales slide
Target Corp. plans to stock more fresh food including bananas and emphasize low prices to compete with Wal-Mart as the discount giant expands nonessentials and store-brand foods. Activist investor William Ackman pushes for board changes to revive profitability as Target’s stock tumbled from its 2007 highs.
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GM to give UAW 17.5 percent stock and $6.5B preferred shares
GM proposes a tentative deal with the United Auto Workers to transfer 17.5 percent of GM common stock and $6.5 billion in preferred shares plus a $2.5 billion note to fund a trust for retiree health costs starting next year. Canadian Auto Workers approve concessions as bondholders resist a 10 percent stake.
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General Motors Corp
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Canadian Auto Workers Union
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