consumer

In connection with the changes to the consumer business, it is anticipated that Cisco will recognize restructuring charges to its GAAP financial results, with an aggregate pre-tax impact not expected to exceed $300 million during

Cisco (CSCO) announced that it will exit aspects of its consumer businesses and realign the remaining consumer business to support four of its five key company priorities -- core routing, switching and services; collaboration; arc

Tom Tauke, Verizon executive vice president of public affairs, policy and communications, stated: "Today's action represents a new level of unwarranted government intervention in the wireless marketplace.

The FCC approved an order that requires wireless carriers that invest in building networks to agree to carry the traffic of carriers that do not make these investments, at prices set by the FCC.

The bank cited positive year to date consumer data and the recent accretive Carrier deal.

Shares of Watsco are trading up 0.91% at $72.29.

UBS upgraded Watsco Inc (NYSE:WSO) to neutral from sell and increased its target price for the stock to $70 from $58.

In consumer sector ETFs, the SPDR S&P Retail (XRT) is up 1.0%.

In mid-day news, shares of American Apparel are down after the Los Angeles-based clothing company said the shortfall in its cash may force it to seek bankruptcy protection, Bloomberg reported.

Two American Apparel board members from lender Lion Capital resigned to evaluate the investment, the report said, citing a regulatory filing.

American Apparel shares are down 15.9%, or $0.15, to $0.81.

Consumer shares are higher in mid-day trading,while American Apparel (APP) may have to file for bankruptcy protection.

Comparable store unit sales increased 12% in the quarter from the year earlier period.

Tom Folliard, president and CEO, said, "We are pleased to report strong fourth quarter and fiscal year results. Comparable store used unit sales increased 12% in the fourth quarter, despite facing the toughest comparison of the ye

CarMax, Inc. (NYSE:KMX) reported Q4 EPS today of $0.39, vs. the consensus estimate of $0.38 per share. Revenue was up 22.9% year-over-year to $2.25 billion, beating the consensus estimate for $2.17 billion.

Some 27% of Chinese respondents to a survey indicated that they would most likely purchase Apple's (AAPL) iPhone, according to AppleInsider. The survey, which showed that the popularity of 3G handsets and smartphones in China is i

Consumer shares are higher in mid-day trading while Barnes & Noble (BKS) shares are down after the company appeared likely to end its months-long search for a buyer without a sale of the company, Bloomberg reported citing five

The study found that, from January to December 2010, wireless data traffic rose by 110%, while MMS and text messaging increased 64% and 31%, respectively.

The Wireless Association, or CTIA, released its bi-annual survey of wireless carriers and subscriber trends today at the organization's industry event in Orlando, Florida.

The deal follows a fierce battle for the German cable operator.

Liberty Global (NASDAQ:LBTYA) announced today an agreement to acquire KBW, the third largest cable TV operator in Germany.