Walmart Slashes Toy Prices as Holidays Competition Heats Up

Walmart (WMT) slashed toy prices ahead of the holiday season in a bid to gain the edge on low-cost rival Target Corp. (TGT).

When the world’s largest retailer learned that many of its toy prices were higher than Target’s, Walmart revised prices downwa…

Qantas Finds Three of Its A380s Have Leaking Engines

Qantas

Engineers found oil leaks in three engines in Qantas Airways’ (QUBSF) grounded fleet of Airbus A380s, CEO Alan Joyce said.

Engineers found the leaks as they performed safety tests after last week’s incident where an engine on an A380 exploded in mid air during a Singapore-Sydney flight, forcing the plane to perform an emergency landing.

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The three engines with leaks were on three…

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Qantas Finds Three of Its A380s Have Leaking Engines originally appeared on DailyFinance on Mon, 08 Nov 2010 07:28:00.

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SEC Probes Citigroup Bond Funds

The SEC subpoenaed several former in-house brokers as part of an investigation of Citigroup (C) debt funds.

The funds in question borrowed heavily and invested in mortgage bonds and municipal bonds, The Wall Street Journal said without naming its sou…

Saudi Arabian Airlines Orders 12 Boeing Jets for $3.3 Billion

Saudi Arabian Airlines placed an order for 12 Boeing (BA) 777-300 “Extended Range” planes in a deal worth $3.3 billion.

The deal gives the Saudi carrier, which is in the process of privatization, an option for another 10 777s, Reuters reported. Saudi Arabian Airlines also ordered eight Boeing 787 Dreamliners for an unspecified price.

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“Our decision to order the 777-300 ER is part of…

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Saudi Arabian Airlines Orders 12 Boeing Jets for $3.3 Billion originally appeared on DailyFinance on Mon, 08 Nov 2010 07:00:00.

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