business news in context, analysis with attitude

• The Associated Press reports that Walmart appears ready to relaunch price wars in time for the end-of-year holidays, using flat screen televisions as a stalking horse. According to the story, “The nation's largest retailer said in a statement Tuesday that a 26-inch Vizio LED HDTV, which was selling most recently for $298, will be $198; a 32-inch Vizio LCD HDTV will drop from $348 to $298; and a 55-inch Vizio LCD HDTV TV that was selling for $1,098 will be $898.”

Bloomberg reports that the South African Commercial, Catering and Allied Workers’ Union has pledged to fight Walmart’s stated intention to acquire -or at least invest in - Massmart Holdings, a South African retailer.
KC's View: