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Price Cuts

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BUSINESS
April 10, 2010 | By Andrea Chang
Consumer spending is boosting the outlook for the nation's retailers, but some major discounters are still lowering prices to woo bargain-hungry shoppers. Retail giant Wal-Mart Stores Inc. said Friday that it was cutting prices on more than 10,000 items, while Kmart has been permanently reducing prices on merchandise such as women's layering shirts and children's T-shirts. "Promotions and things that drive traffic are still critically important," said Mark Snyder, chief marketing officer at Kmart.
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BUSINESS
April 24, 2014 | By Salvador Rodriguez
The ride-sharing service Lyft launched in 24 more cities Thursday, growing its total presence to 60 cities across the U.S. The company also cut the price of fares by 10% in all markets as it seeks to continue increasing ridership. Thursday's announcement is easily the company's most aggressive expansion so far, and for the next two weeks, users in the new cities will be able to take rides with Lyft for free. The bulk of the new areas added Thursday were mid-size cities around the country.
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REAL ESTATE
May 21, 2006 | From Times wire reports
Some of the nation's hot housing markets may experience price declines as the industry returns to more sustainable levels of activity, economists predicted last month at a National Assn. of Home Builders conference in Washington, D.C. Mark Zandi, chief economist at Moody's Economy.
CALIFORNIA | LOCAL
January 30, 2014 | By Howard Blume
The Los Angeles Unified School District will pay substantially less for thousands of iPads under the latest deal with Apple. The cost of the tablets that will be used on new state tests will be about $200 less per device, although the computers won't include curriculum. The revised price will be $504, compared to $699 for the iPads with curriculum. With taxes and other fees, the full cost of the more fully equipped devices rises to $768. The iPads are part of a $1-billion effort to provide a computer to every student, teacher and administrator in the nation's second-largest school system.
BUSINESS
May 20, 2009 | Jerry Hirsch
Cash-strapped food shoppers in Southern California are spending more of their grocery budgets at discounters and superstores that are rapidly expanding their food selections. And the big supermarkets are fighting back. Vons has turned to more aggressive pricing in recent months. Ralphs revamped its price structure and customer loyalty program last summer to grab back market share from competitors. Stater Bros.
WORLD
July 2, 2007 | From Times Wire Reports
Inspectors and police raided stores to enforce sweeping price cuts imposed to curb Zimbabwe's soaring inflation, and shoppers fought over rapidly disappearing supermarket staples. At least 20 business executives were arrested over the weekend on charges of hoarding goods and violating the government's order last week to slash prices of most products by half, the official Sunday Mail reported. Gasoline prices were ordered reduced 70%, and stations quickly ran dry.
REAL ESTATE
February 4, 1990
The information used in your "Sitting on Empty Nests" article from Kathy Dantagnan, vice president of marketing for Urban West Communities, was not accurate. An accurate statement would have been, "In Moorpark, builder Urban West Communities slashes $40,000 off the price of the final 32 homes immediately after selling the first 22 homes at their highest asking price." The information was given to you by Urban West in a manner clearly designed to mask the large losses suffered by the first 22 home buyers (we call ourselves the "First 22")
BUSINESS
February 5, 1992 | From Associated Press
Apple Computer Inc. on Tuesday slashed prices by up to 37% on most of its Macintosh personal computers and low-end notebook models in a move to boost its growing market share. Computer buyers, who heard rumors of the cuts for more than a week, flocked to stores for discounts offered just ahead of the list price reductions, retailers said.
BUSINESS
April 1, 1986
Wilderness Experience, a Chatsworth-based maker of outdoor gear, reported a $164,000 loss in its first quarter ended Jan. 31, contrasted with a loss of $30,000 a year ago. Sales were down 14%, to $1.2 million. The company attributed its widened loss to price cuts needed to reduce inventories. It said sales have started to improve since the quarter ended, and that savings from a cost-cutting drive are also starting to become apparent.
BUSINESS
November 8, 1994
Astro Sciences Corp., a Chatsworth maker of computer networking products, saw its loss in the six months ended Sept. 30 zoom to $968,242 from $25,745 a year before. Its six-month revenue rose 8%, to $5.85 million from $5.41 million. The company attributed its increased loss to its decision to cut prices to increase sales volume.
WORLD
December 17, 2013 | By Sergei L. Loiko
KIEV, Ukraine - Ukraine's beleaguered President Viktor Yanukovich reached agreement with Russia on Tuesday for a $15-billion loan and a more than 30% cut in the price of Russian natural gas, deals that aren't likely to win him peace from his European-leaning opposition. Thousands of protesters who had gathered in Kiev's Independence Square responded to the news by demanding Yanukovich's resignation and chanting: "Down with the gang!" Yanukovich and Russian President Vladimir Putin announced the accord between the neighboring nations after a meeting at the Kremlin in Moscow.
BUSINESS
October 28, 2013 | By Salvador Rodriguez
Just two months after going on sale, the customizable version of the Motorola flagship smartphone is getting a $100 price cut. The Moto X is one of the most unique and interesting phones to come out in a long time because users can customize the device, if they buy it with an AT&T plan. Users can choose the color of the phone's back and front covers, the color on its buttons and more. In total, users can come up with more than 2,000 different combinations. The Moto X's ability to be customized is nice, and the device has received generally positive reviews, but it does not have the top-of-the-line hardware that some other devices do. PHOTOS: Top 10 Apple Mavericks OS X features to check out Spec-wise, the Moto X's screen, camera and other aspects are inferior to other Android phones, notably the Galaxy S 4 and HTC One. Yet, upon its release, the Moto X was priced at $200 with a two-year contract, a price typically charged for premier smartphones.
BUSINESS
August 28, 2013 | By Salvador Rodriguez
Google this week cut the price of the Nexus 4 smartphone to just $200, but because the sleek device is missing one key feature you may want to wait for the Nexus 5 unless you're looking to save some money. The $100 price cut brings the Nexus 4 in line with the iPhone 5 and many other top devices, but unlike the others, the Nexus 4 doesn't require a two-year service contract. Having no contract benefits consumers by leaving them free to walk away from carriers or upgrade their phones whenever they want.
BUSINESS
August 6, 2013 | By Jerry Hirsch
In an effort to juice up tepid sales of its 2014 Chevrolet Volt, General Motors Co. will slash the sticker price by $5,000, to $34,995, including shipping. The price cut makes the plug-in hybrid Volt more competitive with other rechargeable cars, including rival plug-in hybrids such as the Toyota Prius and all-electric vehicles such as the Nissan Leaf. Most of the big car companies have reduced the prices of their rechargeable vehicles this year because consumers have been slow to adopt the technology.
AUTOS
May 23, 2013 | By Brian Thevenot
General Motors is joining the electric-car price war with a lease deal on the Chevrolet Spark EV at $199 a month. The deal, announced this morning, follows the recent offerings of $199 leases on Nissan's Leaf - a big price drop after two years of slow sales - and the newly released Fiat 500e. The Spark EV will be available at select dealers in California and Oregon starting in mid-June, according to Chevrolet. The growing number of EVs and the price competition should help all automakers sell more cars in the segment, said GM spokesman Kevin Kelly.
BUSINESS
March 21, 2013 | By Hugo Martín, Los Angeles Times
With average gasoline prices topping $4 a gallon, fewer Southern California residents say they plan to take a leisure trip over spring break, according to a survey by the Auto Club of Southern California. The annual survey of Auto Club members found that 47% said they plan at least one leisure trip this spring break season, compared with 57% in 2012 and 55% in 2011. High gasoline prices prompted 69% of those polled to say they made at least one significant cut to their budget, compared with 66% in 2012 and 61% in 2011.
BUSINESS
August 1, 2002 | Bloomberg News
CVS Corp.'s second-quarter earnings dropped 11%, hurt by price cutting and increased advertising spending. Net income fell to $176.4 million, or 43 cents a share. Sales gained 9% to $5.99 billion. Shares of Woonsocket, R.I.-based CVS rose $2.37, or 9%, to $28.60 on the New York Stock Exchange.
NEWS
May 21, 1990 | From Times Wire Services
East German shops slashed prices on everything from televisions to sportswear today in a move to compete with a flood of Western products. The government announced the price cuts just six weeks before East Germany is to implement a free market and merge its economy with West Germany, a major step toward uniting the nations. Meanwhile, hundreds of farmers driving tractors and trucks left Potsdam for a protest in nearby East Berlin.
BUSINESS
October 14, 2012 | By Tiffany Hsu, Los Angeles Times
Smokin' Jonny's BBQ opened less than a year ago, but pricey corn on the cob has already disappeared from the menu. Rising beef prices are causing owner Jon Sekiguchi headaches as well. His Gardena restaurant sells beef ribs only on the weekends, when customers are more willing to splurge. And he's struggling to find affordable beef sausage for his $6.95 smoked sausage sandwich. Scorching weather this summer in the Midwest left crops parched and livestock famished. Restaurants, already struggling with high fuel costs and a sluggish economy, are starting to feel the pinch of higher food costs.
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