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Midday Market Report: 4/23/12

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  • Description

    Walmart's Mexican unit faces bribery controversy

  • Duration 1:33
  • Date

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Wal-Mart executives may soon learn the older less and that that time -- Italy's biggest problem.

It's the cover us.

The New York Times reports that workers at wal mart's Mexican unit -- Mexican officials to help the retailer get permits to expand faster across the country.

Then executives shut down any thorough investigation of those allegations.

Wal-Mart says it's looking into the -- -- another merger in the airline industry US Airways is looking to unite would bankrupt American Airlines.

-- such a deal happened further consolidation will likely mean higher ticket prices for passengers.

And headaches for the bankruptcy court.

American will spend the next few weeks asking a judge to throw out its labor union contracts.

-- -- can save more than a billion dollars but on Friday.

US air struck a deal with American's unions to support -- take over and save 6200 jobs in the process.

That's about half of the number American was looking to cut in its reorganizations.

You -- hearing this correctly gas prices are moving lower.

The Lundberg survey puts the national average at three dollars 91 cents that's a drop of more than a nickel over the past two weeks.

And a quick look overseas the picture isn't pretty -- in an official recession.

Eurozone manufacturing surprisingly fell in April Chinese manufacturing rose but still -- in contraction territory.

And failed budget deal in the Netherlands as bond deals there rising.

That's just more on stock's reaction to overseas events log onto foxbusiness.com.

In New York online Citi minute.

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